This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

MQG - Macquarie Group

Jump to new
nulla nulla said:
Never under-estimate mqg, never!

They are incredibly diverse. One of Australia's biggest beef producers at one end of their business,
Click to expand...

So what? AAC is Australia's biggest beef producer and look at its performance.
 
Newbie here - my first post actually

The ASX 200 was up big today whilst MQG was lagging all day until very late in the day where the share price jumped significantly, almost 2%, putting it back into the positive.

Do you guys every read anything from a quick jump like this? Is this more common than I'm aware of?
 

There was a somewhat pointless story this morning that might explain the drop in MQG share price.

http://www.smh.com.au/business/macquarie-us-executives-jump-ship-20110629-1gpxd.html

No idea as to the bounce. But random fluctuations do happen rather regularly with many stocks.
 

I'm not sure that story is completely without merit. Macquarie built itself up by being "the millionaires' factory", it's ability to hire and retain the best staff by paying top dollar was key to it's success in the noughties. I don't think MQG is finished, but its not a positive sign when it can't retain probably its most valuable asset.
 
This stock is actually in my watchlist but I have no bought into it before. Lately it is has been excessively volatile. I believe it was last monday where its low was momentarily 21.93 and a week later it closes at 25.09. So over a week roughly 3.16. with my current expendature I could have possiblely afforded around 200 shares so a rough $600 week is quite excellent in my opinion.

As for where it stands now in terms of short term I don't really know. All I can see is the Stochastics indicating the stock has been heavily bought while the MACD is hovering over the zero-point on consistant price to volume, so no false indicator there.
 
IMO this seems to float along with whatever the current mood is towards the whole Greece debt default thing - so I was wondering, how would I go abouts finding out just exactly how much exposure MQG has to the Euro?
 
We could be looking at another BNB here folks.

Lower lows and lower highs.



gg
 
Chasero said:
Really doubt it.

They threw the Macquarie model out the window and cashed up their balance sheet post GFC...
Click to expand...

I agree. There balance sheet is actually in pretty decent shape. The SP fall is really more about facing the new reality that MQG is not the mint it once was.
 
I would posit that it was a reaction to the Goldman headline. People expecting a big financial tank tonight over that. MQG is a much better model than gold men for the current climate!
 
Garpal Gumnut said:
We could be looking at another BNB here folks.

Lower lows and lower highs.



gg
Click to expand...

Chasero said:
Really doubt it.

They threw the Macquarie model out the window and cashed up their balance sheet post GFC...
Click to expand...

McLovin said:
I agree. There balance sheet is actually in pretty decent shape. The SP fall is really more about facing the new reality that MQG is not the mint it once was.
Click to expand...

notting said:
I would posit that it was a reaction to the Goldman headline. People expecting a big financial tank tonight over that. MQG is a much better model than gold men for the current climate!
Click to expand...

Just looking at the chart, though, it's gone from close to $100 to $24 in 4 years.

I reckon if it dips below $17, the '08 lows it is in real strife, no matter what the balance sheet purports.

Technically it is in huge strife.

gg
 
Garpal Gumnut said:
Just looking at the chart, though, it's gone from close to $100 to $24 in 4 years.

I reckon if it dips below $17, the '08 lows it is in real strife, no matter what the balance sheet purports.

Technically it is in huge strife.

gg
Click to expand...

On a global basis, they're doing about average, even GS is still off 60% from its '07 high. B&B they are not. For one thing B&B wasn't a bank like MQG is. The thing that saved MQG in the depths of the GFC was being able to transform their CMT into a bank account so they could bring all that cash on to their balance sheet.
 
In a weekly chart, price touches the blue dotted line which acts as resistance line(this line was the support line but when passed down , now is the resistance and the recent upward might be just a pullback) . also 20EMA and Momentum 0 could be considered as resistance level.



But in daily chart, there is a possibility of Head and Shoulders pattern, but 1st we should see the right shoulder and then the neck line should be passed up with a good volume then , then the target could be around 30.00

 
Thanks to all you guys who posted the charts above. I didn't notice the H&S pattern on the daily candlesticks, but I will keep an eye out for support around $22.

I am bullish on the underlying fundamentals over the long run but am indifferent towards the share price fluctuations in the short-term. Don't take my word for it though; do your own research.
 

I'd hold your buying atm, it's closed yesterday near the lows on higher volume.

An interesting fall from grace over the last few years.

gg
 
Profits down 24% ish. 305mil against expected 325mil.
Lowest ROE since IPO!!
Then they announce a 800mil buy back.
Gosh, must have planned that prior to yesterdays rally in anticipation of a smack down!!
I'm concerned about how much investing they have done in USA with Aus $ shooting the lights out last night.
Can't wait to see what it does today.
 
You must log in or register to reply here.

Similar threads

18.6 Year Property/Sharemarket Cycle …
Replies
2
Views
993
Rosscoe62
January 2025 DDD
5 6 7
Replies
126
Views
8K
ducati916
February 2025
2
Replies
33
Views
2K
ducati916
August 2024 DDD
2 3 4
Replies
75
Views
19K
ducati916
IESG - iShares Core MSCI Aust ESG Leaders ETF
Replies
2
Views
969
Dona Ferentes
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...