MQG - Macquarie Group

[clinta44]

anyone else think the SYD transaction is dodgey for shareholders?

Personally I don't like being lumped with a stock I would never invest in, when I do get the stock I will have to off load it, but the market will be flooded...

Mean while I now have 5% less stock!

 

[Tyler Durden]

Has this disappeared from anyone else's portfolio?

 

[Valued]

I had a brief look at this one. I don't understand why shareholders are having their property removed (their equity stake in the company) and replaced with something else. If you owned something and then someone said they are going to take part of it away and give you something else instead and you have no choice, I would be disappointed. From a fundamental perspective, I wouldn't feel like much of an owner if my ownership was forcibly reduced and put into some other company. You think you own a bank when you actually own an airport. Wtf? (no not WTF, that dropped 30%)

I have never been a shareholder in MQG.

 

[clinta44]

Has this disappeared from anyone else's portfolio?

it will be like this for the consolidation period should be back to normal in the new year minus 5% of your stock.

 

[Sharkman]

Has this disappeared from anyone else's portfolio?

it certainly disappeared pronto from mine last month, wasn't too keen to take some piddly little SYD position onto the books, along with the fiddly annoying tax treatment that goes along with it, so i sold it off and am punting on a pullback to maybe buy back in after the distro is over

unless you meant disappeared literally? in which case then depending on your broker it may have disappeared from watchlists etc. because it's on deferred settlement so it will be listed under the ticker MQGDA until early jan

 

[George Washingto]

anyone else think the SYD transaction is dodgey for shareholders?

Personally I don't like being lumped with a stock I would never invest in, when I do get the stock I will have to off load it, but the market will be flooded...

Mean while I now have 5% less stock!

By owning MQG you are being 'lumped' with SYD whether you like it or not. You either own it indirectly through your MQG shares, or directly through actual SYD shares when they pay them out.

By paying out the shares it gives shareholders like you the option to sell if you want and it means that you aren't investing 5% of your money into SYD when you actually want to put it into MQG, on the flip side I'm happy to add more SYD to my existing holding.

Can't see how this can possibly be a bad thing.

 

[notting]

Can't see how this can possibly be a bad thing.

Especially since MQG share price has hardly missed a beat after offloading this asset to you! Win for all.

 

[piggybank]

P&F Daily Update:-

 

[qldfrog]

Have we really had no post on Macquarie since 2014?
in any case an article after the AFR revelations:
http://www.brisbanetimes.com.au/business/banking-and-finance/why-should-taxpayers-guarantee-macquaries-junk-bond-binge-20160324-gnqs13.html
beware

 

[notting]

MQG - A good one to whatch to see where overall sentiment is.
So far it's held it's 61.8 retrace since previous wave down.

 

[notting]

Started happy fading away ever since, market sentiment?
Big short squeeze finished?

 

[rnr]

Just my take on where MQG could be heading over the next few weeks.

 

[Redbeard]

My question, though it doesnt really matter, goes back to the MQG/SYD split in Dec13/Jan14..
I was looking at all my statements and the Shares in MQG reduced on Dec 23rd 2013 but the new shares in SYD were not allocated to me until Jan 13th 2014..

My question is this .... Who "OWNED" Sydney Airport for those 20 days?

 

[notting]

Market is having a couple of positive days and the world seems happy again that Janet is still a dove.
However it always troubles me when big mac does not show so much enthusiasm about the stuff the market is getting happy about.

 

[notting]

Seems to be trading in sympathy with the noble GS rather than as an ausi bank.
I don't think MQG structure should be so closely pegged, worth filling up on the way to reporting if markets remain dull to positive.

 

[Redbeard]

98.75 today,, above the previous high in May 2007 of 97.10...
is it going to crack the tonne?

 

[bigdog]

The Macquarie Bank has announced that from January 1, 2018, its cash management account interest rate (which many pensioners use for monthly superannuation payments) will be nil on the first $4999 and only 1.3% on the balance.

squeeze the customers to maximize its profits

I have one of these accounts

 

[ntrader]

What a nutbar stock to be in.
Will not sell off regardless this is one to watch for an asx market that's turning bearish.
If it's not selling off then bull trend STILL in play !!! (ASX)

Congratulations to anyone that has held this one, I know a lady that has held since the last dip to 87.00

 

[Redbeard]

What a nutbar stock to be in.
Will not sell off regardless this is one to watch for an asx market that's turning bearish.
If it's not selling off then bull trend STILL in play !!! (ASX)

Congratulations to anyone that has held this one, I know a lady that has held since the last dip to 87.00

I bought in during the GFC aftermath in 2009 , that was a nervous phone call!

 

[ntrader]

I bought in during the GFC aftermath in 2009 , that was a nervous phone call!

Well done Redbar, my question to you is "when"
When does someone like you sitting on what is a pretty penny sells ?
Congrats to buying when it was the worst perceived time to buy (wink)