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MQG - Macquarie Group

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The Old Guard at CBA: Ian and Ralph.
 
GLENN STEVENS APPOINTED NEXT CHAIR OF MACQUARIE GROUP AND MACQUARIE BANK FOLLOWING PETER WARNE RETIREMENT, DIANE GRADY ANNOUNCES HER INTENTION TO RETIRE SYDNEY, 2 December 202

1 – Further to Peter Warne’s previously announced decision to retire by the 2022 Annual General Meeting, the Boards have resolved that Glenn Stevens be appointed as the next Chair of Macquarie Group Limited (MGL) (ASX: MQG; ADR: MQBKY) and Macquarie Bank Limited (MBL) (ASX: MBL).
Mr Stevens’ appointment and Mr Warne’s retirement as a Voting Director on both boards will be effective in early May 2022, following the 2022 fullyear results announcement.
Diane Grady, who has been a Voting Director of MGL and MBL for over 10 years, has also announced her intention to retire, effective after the Board meetings currently scheduled for 24 February 2022. Mr Warne has been Chair of the MGL and MBL boards since April 2016 and a director of both entities since 2007.

Mr Stevens was appointed an Independent Voting Director of MGL and of MBL in November 2017, has chaired the Board Risk Committee since November 2019 and also serves as a member of the Board Audit and Board Nominating Committees.
Ms Grady has been a director of MGL and MBL since May 2011 and is a member of the Board Governance and Compliance Committee, Board Nominating Committee, Board Remuneration Committee and Board Risk Committee. Ms Grady said, “It’s been a memorable eleven years and a real privilege to have been a Director of such an inspiring company.
I have appreciated the opportunity to work with so many outstanding executives and Board members over the years and have been impressed by the quality of people at all levels and geographies in Macquarie. I am particularly proud of Macquarie’s purpose statement “to empower people to innovate and invest for a better future” and our core principles of “Opportunity, Accountability and Integrity” which continue to guide how the group does business.”

Mr Warne said: “The Board thanks Diane for her important contribution and dedication to Macquarie over 10 years through a strong period of growth for the company. We very much valued Diane’s broad experience working with major listed companies with international businesses, as well as expertise in strategy and operations in the Asia Pacific region in particular.” In commenting on his decision to retire from the MGL and MBL boards and the appointment of Mr Stevens as the new Chair, Mr Warne said, “I have immensely enjoyed my time on the Macquarie boards, working alongside some incredibly talented people across both management and my non-executive colleagues. Over that time, I’m proud that the organisation has continued its strong growth trajectory, meeting broad areas of community need through different market cycles, not least over the last two years of the COVID-19 pandemic.

I am pleased that the Boards have selected Mr Stevens as the next Chair, with his deep expertise in markets and economics after many years as a successful Governor of the Reserve Bank of Australia.” Mr Stevens commented: “Peter has been a committed and engaged Chair and board member for Macquarie over many years. He is well liked across the staff population and highly respected in the Australian and global business community. Peter has overseen a period of strong progress for Macquarie, including successful management transition, record profits and a robust response to recent global challenges. I’m honoured to have been asked by my colleagues to follow in Peter’s footsteps and look forward to working with the Boards, Shemara and the entire Macquarie team in the continued effort to meet client, investor, regulatory and community expectations.” Macquarie Group Limited 2 Mr Stevens worked at the highest levels of the Reserve Bank of Australia for 20 years and, as well as developing Australia’s successful inflation targeting framework for monetary policy, played a significant role in central banking internationally. He was Governor of the Reserve Bank of Australia between 2006 and 2016.

Mr Stevens has also made key contributions to a number of Australian and international boards and committees, including as chair of the Australian Council of Financial Regulators between 2006 and 2016, as a member of the Financial Stability Board and on a range of G20 committees, and as a current Board member of NSW Treasury Corporation.

DYOR

i hold MQG ( 'free-carried ' )

i missed this one yesterday ... is this a game changer ??

and will i regret not bailing from MQG at recent $200+ highs
 
Macquarie Group hit a record high of $211.73, and closed up 2.9 per cent to $211.34. The company is now worth $80.9 billion and by market capitalisation, it is now the third-largest bank in Australia, behind Commonwealth Bank and National Australia Bank.
 
am still holding ( at no cash risk )

but how high will it go , sure it has had less recent headwinds than the other major banks ,

but what next , will it circle the wagons and wait , or force growth hoping to grab market share ( and FUM ) from stressed rivals

take care , although i have no idea how you 'nibble ' a $200 stock
 
yep , i absolutely thought that ( and still do ) but then my av. SP was $26.76 ( while still carrying a bonus SYD share )

true MQG has been producing the returns ( compared to the peers ) but it was always perceived as a higher risk investment before the Hayne Royal Commission ,

i am very tempted to trim more ( than the 66% i have already sold down ) or even exit , but the problem is where do i park another 6% of my portfolio when i can't find a good home for the 5% cash reserves , plus i have with another 5% likely from take-over activity

very much like an embarrassing twist to TINA ( There Is No Alternative )
 
$211.73 - $191.28 = $20.45

A pretty decent return, for those that like to trade.
 
yes it was , but i am not normally agile enough to trade , so that strategy never entered my mind

and at roughly $200 a share i suspect many retail traders were frightened off as well , especially when there is something like FMG to play with , and arguably the lesser 3 banks ( ANZ , WBC and NAB ) must be tempting for some traders as well at current prices .
 
So is that a go short from here?
 
i rarely flip ( or 'wash ' ) that is sell high re-buy low , am not set up to short-sell or even trade options

now reasons to be cautious on MQG ... well MQG leases out a LOT of commercial aircraft , but all those lock-downs didn't cause a share-holder rout , MQG runs a few property trusts and yet Evergrande ( and friends ) haven't ruffled a feather , MQG lend cash to gold miners in the form of gold hedging and the shareholders seem unfazed by the constant suppression of gold prices , and i bet there are 4 or 5 more i haven't spotted but the MQG share price brushed off a recent capital raise and climbed above $200 .

i will NOT be shorting it , but a brave trader might find several angles a short-sell looks good from ( like no Nick Moore to calmly brush aside worries of anything including Royal Commissions )
 
MQG back through $200, up 3%

Macquarie Group chief executive Shemara Wikramanayake says improved overall market conditions in the three months ended December 31 have led to a “record quarter” for the group.

While the combined net profit contribution of the group’s annuity-style businesses was down on a year earlier, combined net profit for the markets-facing businesses was up “substantially” on the prior corresponding period.


though there is no mention of forward guidance, nor quantifying what a record quarter constitutes.
 
the much larger presentation has more numbers , but i suppose the increase in AUM ( assets under management ) has them excited , but i can't think why when SOME property prices are still climbing and there is plenty of take-over activity

but maybe because others are having more stress MQG is looking like a clean(er ) shirt in the laundry basket

am not impressed by wobbly lines ( ~ ) surely they could have used UP or DOWN
 
if MQG were to go over $300 i would probably cease participating in the DRP



if it were to drop below $80 if would think carefully IF i would buy extras ( my av. SP is $26.76 )
 
divs4ever said:
if MQG were to go over $300 i would probably cease participating in the DRP



if it were to drop below $80 if would think carefully IF i would buy extras ( my av. SP is $26.76 )
Click to expand...

Nice, a very long time holder.


 
Last edited:
JohnDe said:
Nice, a very long time holder.


View attachment 137252
Click to expand...
i grabbed a parcel @ $20 neat back in September 2011 ( slid from $31.93 in June 2011 )

bizarrely i bought my cheapest parcel in WBC in August 2011 @ $19.90 ( yes i bought two even cheaper WBC parcels in 2020 )

but let's say in 2011 you could have bought both WBC and MQG for $20 a share which was the better choice 'blue-chip ' or growth

this share trading thing isn't as easy as it looks
 
Never thought I'd ever own this ( always ) seemingly overpriced stock , but with an eye on the soaring $ A , I bought ten grand worth yesterday at ...jeebus !..$205.90 a pop , mainly as an easy, overseas market exposure , as they are hardly a " bank " anymore.

Could be yet another dumb move, but I 'll have a clearer idea about that when Macquarie next reports its latest earnings ,next month, I believe.
 
first entry this morning at $207 for me too.trying to leverage less miserable than other australian factor
 
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