MQG - Macquarie Group

[white_goodman]

same as most of u guys,
really learnt a grand lesson this week.........
I bought it at 41, sold it at 28, lost 34k
I wish I can quit shares ,
anybody can tell me what should I do atm ?
wait till the market getting peaceful ??

maby a short....

geez dude 34k. Dont view it as a failure jsut as a learning experience otherwise you will scar yourself from ever entering the market again

 

[Awesomandy]

anybody can tell me what should I do atm ?
wait till the market getting peaceful ??

Refine your strategies, keep looking for opportunities, and stick to your stop losses. Don't worry too much about losing, instead, learn from it, and eventually, you'll be able to make it back.

 

[justjohn]

same as most of u guys,
really learnt a grand lesson this week.........
I bought it at 41, sold it at 28, lost 34k
I wish I can quit shares ,
anybody can tell me what should I do atm ?
wait till the market getting peaceful ??

Like your honesty X1852 I'm down a few k (15 in fact ) on MQG but it's amazing all the good advise which is floating around after the fact

 

[The Mint Man]

Like your honesty X1852 I'm down a few k (15 in fact ) on MQG but it's amazing all the good advise which is floating around after the fact

How true, cant wait until their stocks tank and then I can go in and say....
'Knew it, but I forgot to tell you guys, sorry'

Cheers

 

[justjohn]

MINTY HOW ABOUT WE GO AND PUT THE BOOT INTO THEM POOR &^%$%$# ON THE BNB THREAD AT LEAST OUR STOCK IS ABOVE A $1:fu:AND THERE DOWN 21% TODAY (POOR &$%$#@)

 

[Aussiest]

I honestly really feel for anyone watching these shares at the moment.

It's got to be a good buy at $26.00, surely?

(i don't want to give out irresponsible advice, but as Warren Buffet said, buy while there's blood in the streets, and there's blood in the streets with this one )

Btw, i'm down more than both of you on MQG. Gotta love the arrogance of not setting a stop-loss.

 

[justjohn]

Geez Aussiest I've lost much blood I must be boardering on being anemic anyway if MQG goes down the shytter there will be more than blood in the streets

 

[ROE]

ROE .....hope your not in MQG & SUN.I'm in MQG and the shafting from this is painful enough, but to cope it from both ends

I'm in SUN but stay clear of MQG ... my SUN lost is not that bad ... $10 average share price and I collect $1.10 in dividend for each share already so
now $9 of capital left at the current trading price .. I have no Fear

and I dont like selling at a lost I did try to pick up more SUN at $7.50 today but no luck
share recover from 15% down to 6% ...

 

[Aussiest]

Geez Aussiest I've lost much blood I must be boardering on being anemic anyway if MQG goes down the shytter there will be more than blood in the streets

Oh, don't say that. I hope everything turns out the best for you and anybody else holding MQG. Can't say i'd be sorry to see it go down the ****ter though, feel like i need revenge for the blood that i've lost too. Lol .

 

[The Mint Man]

I dont like selling at a lost I did try to pick up more SUN at $7.50 today but no luck
share recover from 15% down to 6% ...

That makes two of us, has got me in alot of trouble I must say, slowly learning to kurb this line of thought.

Cheers

 

[ROE]

same as most of u guys,
really learnt a grand lesson this week.........
I bought it at 41, sold it at 28, lost 34k
I wish I can quit shares ,
anybody can tell me what should I do atm ?
wait till the market getting peaceful ??

Sorry to hear about your lost but why sell out at $28?
if you already left it fall that far?

Losing money is never easy but over time other gains will make up

 

[ROE]

That makes two of us, has got me in alot of trouble I must say, slowly learning to kurb this line of thought.

Cheers

hahaha I tend to get into stock too soon I have to learn to be patient ..
If I was to wait till today I would buy a lot of sun at average $8 or less a share
but such is the wild side of the market.

 

[xl852]

Sorry to hear about your lost but why sell out at $28?
if you already left it fall that far?

Losing money is never easy but over time other gains will make up

tru tru tru, I guess it will bounce up soon, but just dunno where it comes back from... $10, $20 or $26, any idea here?

 

[Aussiest]

over time other gains will make up

How do you know that?

................................................................................................

 

[ROE]

How do you know that?

................................................................................................

because you don't just hold one stock you hold several there will one one or two that out perform the market well at least for me a few out perform the market.

 

[ROE]

tru tru tru, I guess it will bounce up soon, but just dunno where it comes back from... $10, $20 or $26, any idea here?

Now MQG got my attention at this price ... but it wasn't when it was 80, 60 or 40 time to dig out the old calculator tonight and see if thing stack up. let play the worse case scenario ..out come Kelly Optimization model

 

[Aussiest]

The thing is, MQG may be a good buy if it's dividend continues like it has, and if you can be almost 100% certain that it won't go under.

 

[The Muffin Man]

http://www.businessspectator.com.au...ies-unseen-enemies-JKE2K?OpenDocument&src=sph

"The bank has issued paper of $25 billion. About $6 billion of that are equity linked notes and other paper with terms of about two years. That leaves about $19 billion in wholesale short term funding that will have to be rolled over in the next 12 months.

Those concerned that Macquarie won't be able to access wholesale markets to replace this funding should find comfort in the holdings of cash and liquids of $20.8 billion. It is possible Macquarie could repay its short term funding in cash today."

Sounds like it doesn't have any liquidity problems to me. With all of the talk on here of Macquarie going under, am I missing something? Macquarie Bank takes deposits too doesn't it? Isn't that a major difference between this institution and others that have failed overseas? Looks to me like people just panicking. I want to know everyone elses views, like why they think it will go under, because at the moment it looks like a bargain to me and I'm seriously considering buying soon. Not large amounts, an amount I'm prepared to lose most of if need be.

 

[Garpal Gumnut]

Not sure why anyone would take their money out of Macquaries CMT because they fear for the future of MQG.

MQG has a banking license which means, as a deposit taker, deposits are guaranteed by the RBA. That is why thay have all the Tier 1 ratios etc and are regulated by APRA.

As for MQG I also don't think they will suffer the same fate as their OS counterparts. MQG has a very diverse earnings stream, much more than what Lehman Bros/Bears/Morgan Stanley etc. That is not to say the investment banking aspect hasn't been dealt a severe body blow. What it will mean is a reversion back to less risky more traditional wealth management services.

Lets face it, after all is said and done with this crisis, those that are left standing are certainly going to gain a massive amount of market share. And yes there will still be plenty of people and institutions with heaps of money.

Listening to fear mongering about people withdrawing funds without understanding the facts helps nobody.

Would I be buying MQG here? Well for the first time in the banks listed history, they are trading under their book value. Goldman Sachs last night traded at about 1.15 times it's book, while Morgan Stanley (which has alot more liquidity issues than MQG) traded at about .75 times Book value. So on a fundemental basis the bank is definately looking cheap. Can it go lower? Of course, but we will never know what the bottom is until after the fact, so I guess you just have to pick a target price and trade it from there. Technically I can see MQG getting to around $20 which where its lows were in 2002.

Good luck to all.

Facts are important, and important facts need to be correct.

Macquarie CMT Cash Management Trust is not guaranteed by APRA or anyone else. It is an investment taken after reading the prospectus.

Reading the small print can get one into trouble but not reading the large, well, you are asking to be taken out.

The following is from Page 2 of the Macquarie CMT. It is a warning and is in fact the first words in the prospectus, which goes for some 56 pages.

So if MQG goes bust, then you lose your "deposits" in Macquarie CMT.



"Investments in the Macquarie Cash Management Trust (“Macquarie CMT” or “Trust”) are offered by Macquarie Investment Management Limited ABN 66
002 867 003 (“Macquarie”/“MIML”/“we”/“us”/“our”). Investments in the Trust are not deposits with or other liabilities of Macquarie Bank Limited ABN
46 008 583 542 (the bank) or of any Macquarie Bank Group company and are subject to investment risk, including possible delays in repayment and loss
of income or principal invested. None of Macquarie Bank Limited, MIML or any other member company of the Macquarie Bank Group guarantees the
performance of the Trust or the repayment of capital from the Trust or any particular rate of return.
The preparation date of the Product Disclosure Statement (PDS), which is issue number 5 of the series, is 18 April 2007. "



I will not comment on your other thoughts here except to say that incorrect reassurance is dangerous, the most that can happen to punters who switch out of this CMT is some investment of time and energy, and a deposit with a safer bet in these dangerous times, or some better place to rest their safe money, e.g under their bed..

gg

 

[Seneca60BC]

I dont know what all the drama is - MQG exited the US Mortage market back in 2007 and only have some exposure in Canada. Oh well, i guss one should be greedy when others are fearful.

Cheers