MQG - Macquarie Group

[VSntchr]

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.

my shins are showing with these shorts i have on.

 

[notting]

my shins are showing with these shorts i have on.

I'll pray for you.

 

[sammy84]

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.

Price has fallen around 50% from the Jan 2011 highs...this profit was drop and truly factored in. MQG might actually rally today.

I wouldn't be in a rush to short this stock near GFC lows.

 

[VSntchr]

Price has fallen around 50% from the Jan 2011 highs...this profit was drop and truly factored in. MQG might actually rally today.

I wouldn't be in a rush to short this stock near GFC lows.

my statement actually referred to the fact im getting near to selling my shorts...guess I worded it kinda funny..have been short mqg a while now..

 

[Chasero]

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.

Up 5% ish. Nice timign too with record date coming up.

 

[sammy84]

my statement actually referred to the fact im getting near to selling my shorts...guess I worded it kinda funny..have been short mqg a while now..

Sorry mis-read. At least you've been in it for a while so I assume there would be some profit. Good luck.

 

[VSntchr]

Sorry mis-read. At least you've been in it for a while so I assume there would be some profit. Good luck.

Cheers. Most of the profit gone the last 2 days..but hey..its its my play account so Im not too worried..

 

[Mr Editor]

Does anyone understand exactly why management plans to buy back 10% of outstanding shares while cutting the interim dividend to 65 cents per share? I'm still trying to wrap my head around the logic.

 

[McLovin]

Does anyone understand exactly why management plans to buy back 10% of outstanding shares while cutting the interim dividend to 65 cents per share? I'm still trying to wrap my head around the logic.

There appears to be no money in the franking account. At least by doing a buyback they can give an unfranked component and capital (usually creating a capital loss) component. Super funds love that.

 

[iced earth]

TA of MQG 29/10/2011:

In this picture we can see that the green resistance line is passed up.



If the price will manage to be closed higher Monday we would say that the neckline of the Head & Shoulders been passed up successfully and the target could be around $30.00. Also the volume is higher which is a very important when share passes up the neckline.



In a longer term the neckline is part of the resistance line (green) which should be passed up successfully for having the upward trend.

 

[iced earth]

TA of MQG(MACQUARIE GROUP) - 03-11-11
===============================
Unfortunately the price could not pass up the red resistance line successfully.



Now the price has reached the support line and tomorrow we should see, if this support line would work or more fall should be anticipated

 

[notting]

Big selling volume just went through at 22.9 to 22.8

 

[matthewdean]

Hello MQG holders,

I'm interested to see what Technical Analysis others may have about the current situation of MQG.

A nice consolidation area has been formed for a short while now and is now showing some strength in a positive direction.

It seems as a little breakout occurred at the level of $25.00 last week on some higher volume followed by a short pullback on dropping volume. The MACD showed some slight bullish signals and yesterdays price action could indicate a rise is due.

Paper Trade:
Buy: $25.430
Stop: $22.220
Price Target: $35.120
Reward Risk: 3:1

Please note I do not hold this stock, I have posted purely for education and learning purposes.

Good luck.

 

[matthewdean]

Hello MQG holders,

I'm interested to see what Technical Analysis others may have about the current situation of MQG.

A nice consolidation area has been formed for a short while now and is now showing some strength in a positive direction.

It seems as a little breakout occurred at the level of $25.00 last week on some higher volume followed by a short pullback on dropping volume. The MACD showed some slight bullish signals and yesterdays price action could indicate a rise is due.

Paper Trade:
Buy: $25.430
Stop: $22.220
Price Target: $35.120
Reward Risk: 3:1

Please note I do not hold this stock, I have posted purely for education and learning purposes.

Good luck.

Well the fundamentals didn't help and the breakout now looks more of a fade-out.

 

[Tyler Durden]

Relevant:

MACQUARIE GROUP is expected to post its lowest profit in more than seven years this morning as a prolonged slump in the pace of deal making and stalled market turnover has hurt its investment banking arm.

After axing 1000 jobs over the past year, Macquarie's chief executive, Nicholas Moore, is expected to accelerate plans for a further round of cost cuts. More jobs are likely to be axed from the securities division over coming months.

In a recent update Mr Moore warned the investment bank's profit was likely to fall 25 per cent for this year. This implies a full-year profit of $720 million - profit levels recorded in 2005.

Macquarie is among investment banks around the world struggling to boost earnings as turmoil on markets saps investor confidence and demand for advisory and brokerage services.

Mr Moore outlined plans for a share buyback last October as part of efforts to put a floor under the company's sagging share price. But the buyback, which could reach as much as $800 million, largely depends on whether it decides to proceed with an acquisition.

In recent weeks Macquarie has been linked to acquiring ING's Asian-based asset management arm. Any deal could be worth as much as $575 million.

Even with the subdued market environment, gains in Macquarie's shares since the start of the year could also result in the bank pushing back the start date for its share buyback. It has previously said it would start the program during the second half of 2012.

Analysts, including Scott Manning of JP Morgan, have raised doubts whether the program will move ahead at all. If it does, Macquarie is likely to proceed with the program at a cautious pace.

Its shares have jumped 19 per cent this year as investors have welcomed its commitments to boost shareholder returns. Macquarie shares rose yesterday to $28.43.

The Deutsche Bank analyst James Freeman expects Macquarie's profit could return to the $1 billion mark next year, depending on some recovery in global investment markets.

''If current weak trading conditions continued into financial 2012, we would expect downside risk to our forecasts,'' he said.

http://www.smh.com.au/business/more-jobs-on-line-as-macquarie-cuts-costs-20120426-1xo2b.html

 

[Joules MM1]

here's a curious email rec'd this morning:

PetroFrontier Corp. announces termination of bought deal financing by Macquarie

CALGARY, July 11, 2012 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") announces that it has received a notice of termination from Macquarie Capital Markets Canada Inc. ("Macquarie") terminating its obligations pursuant to the Underwriting Agreement made effective June 20, 2012 (the "Underwriting Agreement"), whereby Macquarie had agreed to purchase on a bought deal basis 15,000,000 subscription receipts at a price of $1.00 per subscription receipt. The notice of termination received from Macquarie did not provide the reason for Macquarie terminating its obligations under the Underwriting Agreement. Management of PetroFrontier is of the view that Macquarie did not have a valid legal reason to terminate the Underwriting Agreement and PetroFrontier is currently reviewing it options in this regard.

no reason that anyone i've spoken to can figure what would make MQG make that decision on the basis of PFC, STO or BKP drilling in the Georgina Basin.......so what's up chaps? running a little short on cashola ?

 

[pixel]

Looking at the chart, I'd wait for MQG to lift above, say, $26 even before I'd put it on a "may buy" list.

 

[db94]

how hasnt anyone said anything about MQG lately!? lol its been firing lately... gone from around $36-37 to $45 in the space of about 2 weeks. been doing paper trades on it and tls, if only i had real money

 

[Tyler Durden]

This nearly hit $50 today.

No announcements either.

 

[Tyler Durden]

ASX code will be MQGDA until 31/12/13.