Nothing new about this article.Regurgitate every other month. Jim Chanos - a genius? I have expected in august that a us investment bank will go bust before mqg. MQG is not Bear Stearns -there is a 0 probability of it going insolvent.It has 3bn in cash which it can redeploy - either to buy distressed assets or launch a buyback. Its satellite funds MIG and MAP has about $1bn in cash.
MQG is doing exactly what other banks are doing - raise deposit rates to attract new moneys. I think that the 5 big banks are still overpriced - they are writing new mortgages at a loss and will need to raise capital within the next 6 months - a 15% fall in the sp will see the bottom or a 15% gross div yld. Likely that divs will be cut in 2009.
imo the 2 big banks are vulnerable - there are plenty of centros that are yet to be revealed; and they are more likely to be bailed out than MQG.
I expect MQG to bottom out at 35 and Management to launch a buyback once the sp drops below 40.
there is no rush to buy these shares as the shortsellers control up to 60% of the issued capital at the moment
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Last
$217.12 |
Change
-2.690(1.22%) |
Mkt cap ! $82.75B |
Open | High | Low | Value | Volume |
$217.29 | $217.96 | $215.16 | $136.0M | 627.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11926 | $217.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$217.14 | 100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 217.090 |
1 | 600 | 217.030 |
1 | 100 | 216.700 |
1 | 449 | 216.640 |
2 | 1707 | 216.460 |
Price($) | Vol. | No. |
---|---|---|
217.140 | 100 | 1 |
217.170 | 737 | 1 |
217.230 | 881 | 1 |
217.280 | 1 | 1 |
217.300 | 1034 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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