MQG - Macquarie Group

[Macquack]

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.

Is that the same "APRA" that was regulating HIH Insurance before it collapsed.

I reckon, APRA would not have a ****ing clue what Macquarie Group is up to.

 

[white_goodman]

Is that the same "APRA" that was regulating HIH Insurance before it collapsed.

I reckon, APRA would not have a ****ing clue what Macquarie Group is up to.

i work in the same building as APRA, they are a mob of absolute turkeys..

but seriously whats the deal with the ceo selling out?

 

[Mofra]

Is that the same "APRA" that was regulating HIH Insurance before it collapsed.

I reckon, APRA would not have a ****ing clue what Macquarie Group is up to.

It's a moot point anyway - the restructure means that all but 2 arms of the Macquarie business are held outside the banking arm and thus those businesses are not subject to APRA regulations.

A cynic would suggest that was a major reason for the restructure anyway, but I'm sure that couldn't be the case

 

[ROE]

i work in the same building as APRA, they are a mob of absolute turkeys..

but seriously whats the deal with the ceo selling out?

Did you ever watch how Enron collapse ? It was before my time but I like to study stock market history and the market has a habit of repeating history so I like to know and take advantage of opportunities

Basicly before Enron collapse all the senior staffs start to sell out all their holding while asking employee to contribute and buy more company stock, they also like analyst give them price target and give a company good coverage, they also blame short seller for their depress stock price


I have no idea what will happen to MQG, let mr market decide but but the pattern sound awfully similar

maybe you need to keep a bingo card of stuff people do when company goes pear shape, when all points are tick/marked you shout Bingo and get out

 

[Julia]

I can't remember the person's name, but the bloke who predicted the collapse of Enron has cast similar notes of dire predictions about Macquarie Group.

 

[nick2fish]

Well reading the notice carefully you will come to
Nicholas Moore (selling out sic)
Nature of change
Example: on-market trade, off-market trade, exercise of
options, issue of securities under dividend reinvestment
plan, participation in buy-back

Securities transferred via off-market transfer, as result of the privatisation of MCQ.

 

[nick2fish]

Heres another director on the 10th

Peter M Kirby brought 38,500 stapled securties in MAP
Thats all Director notices I could find for this month
Thankfully naked shortings gone

Just dosen't sound like abandon ship to me

And lastly the saying:
"What dosen't kill ya ,makes you stronger" I think applies to an investment bank which due to prudent risk managment systems, has the good fortune to stand witness to the demise of some its competitors Cheers

 

[ROE]

Heres another director on the 10th

Peter M Kirby brought 38,500 stapled securties in MAP
Thats all Director notices I could find for this month
Thankfully naked shortings gone

Just dosen't sound like abandon ship to me

And lastly the saying:
"What dosen't kill ya ,makes you stronger" I think applies to an investment bank which due to prudent risk managment systems, has the good fortune to stand witness to the demise of some its competitors Cheers

MAP got nothing to do with MQG they just have Mac name because MQG float them and has control interest, the majority of the shares are own by mum and dad and institution. If MQG goes they just liquidate their position in MAP and that the end of it. Someone else will step in and run it.

the thing you should be watching for is any directors buying MQG at this price or offload them for that matter.

 

[nick2fish]

Yep... Thanks Roe , am quite aware of all that.

I am just trying to clear up the fact that there has been no trading of MAC BANK shares in the last month by MGQ directors.

You used a Quote from White Goodman that mentioned a director sale to start a thread that insinuated that MGQ was going the way of Enron or did I misinterpret?

Just clearing things up for the many MGQ investors who use these pages and are after informed opinions whether to continue to hold in these dark times. Cheers

 

[Garpal Gumnut]

I have managed to clean out my Macquarie CMT Account so really don't give a stuff what happens to MQG. It took 3 working days.

A few days in the garden though helps put things in perspective. Its the law of the jungle. Grubs eating leaves, birds eating grubs, a kookaburra eyeing off a sunbird's nest.

My guess is that MQG is just as vulnerable to further falls despite the lack of short sellers.

Ask yourself who is going to buy them. Not short sellers covering.

Maybe punters with high moral values supporting a worthy institution. I jest.

Perhaps folk wanting to make a profit.

The monthly chart shows MQG to be still in a massive down trend. It broke through support at $40 and this will provide resistance for some time to come. So if you can't make a profit shorting it how can you make a profit buying it when there are no buyers.

gg

I still feel that MQG has a way to fall yet.

With no buyers and no short sellers to encourage liquidity it may have to engineer some further financial structures to encourage buyers. In this climate of fear this could be difficult. They don't have the balance sheet to buy their own shares or the credibility to raise further funds.

And once shorting starts again who is going to be the first to be shorted? Why MQG of course.

See the chart in the above post.

gg

 

[ROE]

I still feel that MQG has a way to fall yet.

With no buyers and no short sellers to encourage liquidity it may have to engineer some further financial structures to encourage buyers. In this climate of fear this could be difficult. They don't have the balance sheet to buy their own shares or the credibility to raise further funds.

And once shorting starts again who is going to be the first to be shorted? Why MQG of course.

See the chart in the above post.

gg

And with the complete banned on short, many paper articles is reported it's MQG driven banned...so there are a lot of pissed off funds managers and people who use short for a living ..they are not making many friends and when the door open MQG is in for a wild ride

personally I think it's a stupid idea having complete banned ... they just delay the inevitable for extra few weeks

 

[3 veiws of a secret]

In response to Roe quote....."so there are a lot of pissed off funds managers and people who use short for a living .."

Not as pissed off as myself for a simple typing error that had my MQG shares sold far too cheapily midday . Here's to hoping it drops in the next 24 hours so I can jump back in. Thank goodness I don't type orders for fund managers! ,perhaps I'm an anarchic short seller with a typo problem!

 

[mwu]

The ASX report only shows very small volume (2m+) net covered and naked short positions against MQG, compared to an article in AFR that quotes a number of about 50m. Can anybody give some insight? Thanks.

Here is the report on MQG:

Covered net Short Sale positions and Naked net Short Sale positions, which result from the exercise of ASX ETOs, as at end of day 23-Sep-2008 (inclusive of net short positions prior to 22-Sep-2008)

ASX Code: MQG
Product Class: FPO
Reported Short/Borrowed Volume: 2,626,760
Short Sell Limit: 28,101,637
%Short/Borrowed: .93

 

[prana]

NA bailout has been approved. May provide some short to medium term support but we're not out of the water yet. Wonder how high this one can go on this news...especially given the Belgian Bank is now in trouble after Wamu's failure.

 

[Kauri]

There are rumours of a Japanese mega-bank buying Australia"s Macquarie Bank and market talk suggests that a decent amount of AUD/JPY has been purchased overnight by this Asian bank named ..#@**.......

Cheers
............Kauri

 

[madbull]

I'm a noob investor, unluckily with some MQG stocks which have plummeted from when I purchased it. Is this buyout good news for MQG? How will it affect mqg in the short term assuming this does occur?

Thanks
MadBull

 

[Kauri]

I'm a noob investor, unluckily with some MQG stocks which have plummeted from when I purchased it. Is this buyout good news for MQG? How will it affect mqg in the short term assuming this does occur?

Thanks
MadBull

It is only a totally unfounded, possibly mischievious rumour at this stage... possibly put about by the reformed shorters trying thier hand on the light side..

Cheers
..........Kauri

 

[dhukka]

Caught this interview on CNBC with a well known investor that has been short MQG and is still short. He talks in a common sense way about the flaws in MQG's business model.

 

[Garpal Gumnut]

Caught this interview on CNBC with a well known investor that has been short MQG and is still short. He talks in a common sense way about the flaws in MQG's business model.

The following is a chart showing the harmonic averages of 5, 15 and 30 day simple moving averages plotted against the daily price of MQG.

It is beloved of Dawn Bolton Smith, one of the doyens of Australian charting.

It shows MQG still in a downtrend on price and all averages, a shorters dream when shorting recommences.

gg

 

[nick2fish]

It shows MQG still in a downtrend on price and all averages, a shorters dream when shorting recommences.

gg

It'll have to stay a dream till Jan when the ban on Financial shorting is lifted...sorry, but in the meantime you may want to study almost every resource stock on the market, my guess is they may now be looking even better.
A shorters wet dream you may even say and that restriction is only a month away from being lifted