MQG - Macquarie Group

[glendaw101]

I am getting very nervous.

MACQUARIE Group chairman David Clarke has slashed his private interest in the nation's largest investment bank by almost 80 per cent after dumping more than $9.3 million worth of the company's shares last week.
Source; News.com.au

 

[two up]

Hi glendaw101 - couldn't pick that info on David Clarke up on your news.com sight. Any other details??

 

[warthogjump]

MQG - Macquarie Bank

I've noticed MQG has been going down on the dumps with its share price. Anyone know why and if it will pick up?

 

[bloomy88]

Re: MQG - Macquarie Bank

I've noticed MQG has been going down on the dumps with its share price. Anyone know why and if it will pick up?

Looks like it could be prolonged weakness from the profit downgrade issued in September. According to to Commsec, MQG is currently priced with a forward p/e of under 11. This is below the the average yearly p/e of MQG for the past decade. Hopefully, this will translate to an increase in the SP in the near future, but I think this will strongly depend on the strength of the global markets....

 

[kevinkawahleung]

All Quiet in the Western Front

There is not much posting here

 

[kevinkawahleung]

Re: MQG - Macquarie Bank

Looks like it could be prolonged weakness from the profit downgrade issued in September. According to to Commsec, MQG is currently priced with a forward p/e of under 11. This is below the the average yearly p/e of MQG for the past decade. Hopefully, this will translate to an increase in the SP in the near future, but I think this will strongly depend on the strength of the global markets....

Should the P/E ratio start to expand in the expectation of rising inflation ?

 

[robusta]

Re: MQG - Macquarie Bank

Should the P/E ratio start to expand in the expectation of rising inflation ?

Not so sure about inflation, I would like to see rising profit and ROE before I would look at MQG

 

[nomore4s]

Nice breakout on MQG last week, going okay today as well but will see where it closes.

 

[skc]

Nice breakout on MQG last week, going okay today as well but will see where it closes.

Pretty strong resistance at $40.50-$40.80 from back in June/July.

Raced ahead of the XFJ by a good 5% so wouldn't surprise me to see it stall or retest $38 before moving higher.

 

[Tyler Durden]

Any theories as to the recent jump?

 

[Greedy_Kev]

Any theories as to the recent jump?

Well US is starting to recover, maybe its also because now that MQG has gas in US which is in competition with gas in QLD, but this is all just speculative, i can't figure out any solid fundamentals reason too, thus i'm selling up some of my MQG soon.

also today is now the fifth day of gains, investors should be looking to be collecting soon

 

[nomore4s]

Well US is starting to recover, maybe its also because now that MQG has gas in US which is in competition with gas in QLD, but this is all just speculative, i can't figure out any solid fundamentals reason too, thus i'm selling up some of my MQG soon.

also today is now the fifth day of gains, investors should be looking to be collecting soon

Technically MQG is looking pretty good atm and I think we could see a sustained trend over the next few months back towards $50 pending market conditions of course and the resistance at $45ish. How it reacts on the next move down will be interesting, if it can form a nice tight consolidation pattern above $40 I'll be extremely happy but I'm not sure it will.

If I was an investor I personally would not be selling out right now but if I was a short term trader I might be looking at taking some profits shortly.

 

[Greedy_Kev]

Hey i'm pretty happy with my sell, as i was saying people would be taking profits but i think MQG will move up soon too.

 

[GumbyLearner]

Any theories as to the recent jump?

Any theories as to todays large move down?

 

[Greedy_Kev]

Any theories as to todays large move down?

as i was saying two days ago, people are collecting.

 

[nomore4s]

How it reacts on the next move down will be interesting, if it can form a nice tight consolidation pattern above $40 I'll be extremely happy but I'm not sure it will.

Playing out okay atm, nice consolidation in play just need a break out through $42 now

 

[yusufn93]

Closed today at $32.70, anyone think MQG is undervalued?

I've been trading it up and down between 32.70-36.10 since March. Its the only share I've traded so far (just starting out) and have had relative success predicting the short term trend about (about 15%)

Im looking to go long term on MQG however at around $32 a share, however recent events in the market make me think that may not be a good idea, so who thinks MQG is over or undervalued?

Cheers

 

[ricee007]

Just looking at what profit/dividend I expect... I can't see the current price being fair. I think MQG is significantly undervalued. It is the stock that is most predominant in my portfolio (followed by ANZ), so I won't be adding to my collection... but, if I was underweight in it, I would be at this price.

If they maintain dividends, as they have for the last 2 years, it is a 6% dividend yield.


This is not 'outstanding'... but the capital gain potential of MQG is outstanding.

They didn't sell assets through the GFC (well, perhaps spun a satellite out? Not sure. At any rate), they purchased assets... and they still are (Royal Adelaide Hospital partnership, USA wealth assets, are two recent ones that come to mind).

Even though there core businesses aren't as profitable anymore... we *will* see a return to the same level of profitability --> probably with a slower long-term growth rate than was expected.... but, actual profitability, $ for $, will return -> even on a per share basis.

From ComSec:
EPS(c) PE Growth
Year Ending 30-03-12 327.7 10.0 18.8%
Year Ending 30-03-13 375.3 8.7 14.5%

Expecting growth rate of 19 and 15%....... to give a current year PE ratio of 10, and a next year PE ratio of 8.7.

Yes, a nextyear PE ratio of 8.7, with a stock that is expected to grow by 14.5% next year.

With an analyst upgrade 60 days ago.

With 10 positive surprises, and 4 negative surprises (since 1998).

With a 1.7 analyst recommendation (1 being the highest, 5 being the lowest). (only 3 analysts, but 2 of them have it as a strong buy).

Yea, I see mostly good news.

 

[skyQuake]

Closed today at $32.70, anyone think MQG is undervalued?

I've been trading it up and down between 32.70-36.10 since March. Its the only share I've traded so far (just starting out) and have had relative success predicting the short term trend about (about 15%)

Im looking to go long term on MQG however at around $32 a share, however recent events in the market make me think that may not be a good idea, so who thinks MQG is over or undervalued?

Cheers

Macq got cut to sell by citi today -M&A fee generation is way behind rivals, and the other divisions are looking not that good too

 

[nulla nulla]

Never under-estimate mqg, never!

They are incredibly diverse. One of Australia's biggest beef producers at one end of their business, to operators of distressed assets bought at the nadir of the gfc like the Ford Finance Vehicle Finance/lease book at the other end.

Sure, mergers and acquisitions have been light on the ground recently but that is only one of their tenticles. No doubt they will profit from any asset swap being considered by MAP atm.

Personally, I use them as a barometer of the market. If their price is going up, the market is becoming more receptive to risk. If their price is contracting, the market is becoming adverse to risk. DYOR but never under estimate mqg. imo of course