MQG - Macquarie Group

[Mofra]

Not really new news to anyone who knows a little about Mac:

http://business.smh.com.au/business/macpunter-cash-gets-sucked-into-vortex-20090806-ebh8.html

Spot the difference:

Exhibit A

"A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Ponzi scheme usually offers returns that other investments cannot guarantee in order to entice new investors, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors in order to keep the scheme going. The system is destined to collapse because the earnings, if any, are less than the payments." - Wikipedia.

Exhibit B


A Macquarie externally managed trust scheme is a legal investment operation that pays returns to investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Macquarie scheme usually offers returns that other investments cannot guarantee in order to entice new investors, in the form of short-term returns that are unusually consistent. The perpetuation of the returns that a Macquarie scheme pays requires an ever-increasing flow of money from investors (and banks) in order to keep the scheme going. The system is now collapsing because the earnings have been less than the payments - after killer interest bills on a mountain of debt.

 

[haunting]

Here is the story of an MQG Independent Director...

** dum dee dum dee dum dee dum dee dum dee dum dee... and I shall a 100 chars if I try hard enough.

 

[Mofra]

Here is the story of an MQG Independent Director...

** dum dee dum dee dum dee dum dee dum dee dum dee... and I shall a 100 chars if I try hard enough.

The pertinent statement from teh article as I see it:

But the Bermuda-based Jeffrey Conyers said he had not disclosed his wife Edith Conyers' business relationship with Macquarie Airports (among others) to unit holders because he did not consider it relevant.

As an ex-Macquarie employee, this didn't even cause me to batter an eyelid.

 

[Timmy]

Article in the Financial Times this morning

"Mac Bank, which is moving away from its old business model focused on listed infrastructure funds and looking increasingly to the US and Asia, is bursting into another segment of China's capital markets, via a Shanghai-based joint venture with two Chinese state-controlled companies.
...
The new, new JV ”” Sino-Australian International Trust Co ”” has an initial capital of Rmb300m ($43.9m) and will enable Macquarie to arrange domestic and equity financing and offer yuan-denominated financial products, the bank said."

 

[Garpal Gumnut]

Spot the difference:

Exhibit A

"A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Ponzi scheme usually offers returns that other investments cannot guarantee in order to entice new investors, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors in order to keep the scheme going. The system is destined to collapse because the earnings, if any, are less than the payments." - Wikipedia.

Exhibit B


A Macquarie externally managed trust scheme is a legal investment operation that pays returns to investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Macquarie scheme usually offers returns that other investments cannot guarantee in order to entice new investors, in the form of short-term returns that are unusually consistent. The perpetuation of the returns that a Macquarie scheme pays requires an ever-increasing flow of money from investors (and banks) in order to keep the scheme going. The system is now collapsing because the earnings have been less than the payments - after killer interest bills on a mountain of debt.

I have had a run of good luck in prophesying the demise of 3 of the biggest ponzi's in recent Australian corporate history.

The first was AFG. Allco are gone.

The second was BNB. Babcock are gone.

The third was MQG.

Roll on Octoberfest.

Schadenfreude.

gg

 

[gooner]

I have had a run of good luck in prophesying the demise of 3 of the biggest ponzi's in recent Australian corporate history.

The first was AFG. Allco are gone.

The second was BNB. Babcock are gone.

The third was MQG.

Roll on Octoberfest.

Schadenfreude.

gg

GG

Methinks you will be wrong

This was a very tidy profit earner for those of us who realised $15 was ridiculous, although I personally sold out at $30, so missed quite a bit of additional profit.

MQG is an APRA licensed investment bank. It is not a ponzi scheme. It has evolved to meet changing regulatory requirements and will continue to do so. It is an example of Australian excellence on a global scale.

I predict 2011 will be a record profit year for MQG

I say this despite them once turning me down for a job.

 

[Garpal Gumnut]

GG

Methinks you will be wrong

This was a very tidy profit earner for those of us who realised $15 was ridiculous, although I personally sold out at $30, so missed quite a bit of additional profit.

MQG is an APRA licensed investment bank. It is not a ponzi scheme. It has evolved to meet changing regulatory requirements and will continue to do so. It is an example of Australian excellence on a global scale.

I predict 2011 will be a record profit year for MQG

I say this despite them once turning me down for a job.

Don't think so mate.

History is on my side.

Macquarie has a devouring secret about to hit.

For now lets look at Allco in the past.

Allco Finance doubles profit

SMH

By Lisa Murray
November 23, 2005

David Coe's Allco Finance Group more than doubled its net profit last financial year to $13.9 million as it raked in fees for finding and structuring deals.

The group is looking to merge with its main client, Record Investments, in which it has a 24 per cent stake, to create a financial powerhouse that would compete in the same league as Macquarie Bank and Babcock & Brown.

gg

 

[gooner]

GG

ALLCO and BNB were not regulated investment banks. They did not have any APRA oversight. MQG has an excellent reputation for its risk management processes.

Personally I reckon the chance of a devouring secret about to hit is the same as old Osama being captured today.........

But hey if that is what you think, a lot of money to be made from buying deep out of the money puts.

 

[Garpal Gumnut]

GG


But hey if that is what you think, a lot of money to be made from buying deep out of the money puts.

Not now. I wouldn't want the guvment coming after me for buying out of the money puts after a post like that.



gg

 

[gooner]

Not now. I wouldn't want the guvment coming after me for buying out of the money puts after a post like that.



gg

If you are not careful they will come after you for your initial comment. Rumourtrage is illegal, so unless you have something to back it up..

 

[airpoe]

i still remember GG saying a month a go MQG was gonna drop back to $1

i'm swimming in MQG profits, but GG may not like bitter grapes!!

 

[Garpal Gumnut]

If you are not careful they will come after you for your initial comment. Rumourtrage is illegal, so unless you have something to back it up..

gg

i still remember GG saying a month a go MQG was gonna drop back to $1

i'm swimming in MQG profits, but GG may not like bitter grapes!!

Good onya mate, a profit is a profit in this climate. And no sour grapes.

MQG is a ponzi though, and when it turns go short.

gg

 

[Gekko]

Anyone else heard that Macquarie is to be lead advisor in Myer's float later this year? MQG is branching away from advisory into more of an ECM player/broker, so it would vertainly be a prestigious pick up if confirmed.

 

[Gekko]

Yesterday could have been the yearly high. Expecting $50 to be resistance. What a move from 15 dollars of early March.

 

[Gekko]

Close above $53 yesterday. $5 move in 2-3 days. What a move. Talk of European acquisitions coming up. Surely it can not continue this move?

 

[doctorj]

Australia’s Macquarie Group on Wednesday said it would buy Fox-Pitt Kelton Cochran Caronia Waller, a US-based boutique bank, in an effort to turn itself into a global player in the provision of banking services to financial institutions.
Macquarie will pay $130m cash for FPK’s equity and will assume $16.7m of long-term debt, with some of the payment spread over four years following the deal’s closure later this year.

http://www.ft.com/cms/s/0/c8411598-adec-11de-87e7-00144feabdc0.html

Everything points to Mac continuing its evolution from a leveraged infrastructure player to wanting a chunk of the fees generated from banking financial institutions. Makes sense given all the cap raisings and consolidation that's likely to happen in the next couple of years.

 

[Macquack]

Macquarie Group beefs up European M&A team with hire of ex-Citigroup banker

THE corporate advisory arm of Macquarie Group has appointed Sam Small to head up its European mergers and acquisitions unit.

Mr Small, who becomes a senior managing director, was most recently managing director in Citigroup's M&A global markets division.

http://www.theaustralian.news.com.au/business/story/0,28124,26171934-36418,00.html


Sam Small from Citigroup, the banking giant that suffered huge losses during the global financial crisis of 2008 due to the greed and incompetence of its management and had to be rescued by a massive bailout from the U.S. taxpayer.

Good coup, MacGrab!

Those charitable people at Macquarie are doing their bit for United States unemployment. Sam Small was destined for the dole queue.

 

[Macquack]

$18.6m share plan for Macquarie boss
http://www.watoday.com.au/business/186m-share-plan-for-macquarie-boss-20091117-ikfr.html

MACQUARIE Group will ask shareholders to approve about $18.6 million in new shares for chief executive Nicholas Moore as part of an overhaul of remuneration for the investment bank's top executives to drive up long-term returns.

If the approvals sought by Macquarie are not obtained, Macquarie will need to consider other alternatives," the bank said yesterday in its notice of meeting to shareholders.

And if the shareholders dont like it, they can get stuffed. We will take the cash anyway.

This will likely result in higher cash payments to executives and reduced alignment with shareholders in at least the short term.

I think "reduced alignment with shareholders" is MacGrab speak for "F*ck the shareholders".

 

[nulla nulla]

$18.6m share plan for Macquarie boss
http://www.watoday.com.au/business/186m-share-plan-for-macquarie-boss-20091117-ikfr.html


And if the shareholders dont like it, they can get stuffed. We will take the cash anyway.

I think "reduced alignment with shareholders" is MacGrab speak for "F*ck the shareholders".

I hold mqg shares and have no complaints with the directors. If past experience is anything to go by, if the directors and management are happy with their remuneration (bonuses being linked to profits and improvement in share prices) then I will see a twofold return working through to me in the future through increasing dividends and gains in the share price. When mqg did the spp at $26.60 they allowed shareholders to take up their full $15,000 application without scaleback.

Unlike the nab, which pandied upto their institutional shareholder mates at the expense of the retail shareholders by allowing the institutional shareholders to take the lions share of the spp and scaling back the retail shareholders to less than 33% of their entitlement. Then the nab CEO wrote a bulldust letter to the retail shareholders trying to justify his position as being in the best interest of retail shareholders. In the meantime his Institutional shareholder mates were able to slide their shares into the market place and pocket their profit on the difference between the spp price and the market price. Then to rub salt in the retail shareholder wounds the nab raises more money through the issue of hybrid securities. They could have avoided the debt (fees and interest) by taking up the full retail shareholders spp applications. I will vote against their re-election and in favour of the election of the independent nominee. nab needs a good kick in the **** imo.

 

[stl_08]

why are there so many hatters out there for mqg?
i remember when it was at 18bucks and every1 was saying its going to go bellow a buck, those of us who got in at 15-20 are enjoying our profit now,