Exactly. We have limited to no exposure to subprime, and the housing market is still resilent, so I agree the price should be higher.
But the problem for Macquarie is that it relies on a vibrant economy to be able to flog its assets, it can't do that right now as there are no buyers.
Plus there's a shed load of debt in the satellites that is worrying potential investors. Plus given current market conditions, there is no rush to own right now.
Figure as long as we report earnings >$3.50 for the year, and can do the same next year, Macquarie is a minimum $35 stock.
Rgds,
FG
should we be down as much as us banks, page-2
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Last
$228.73 |
Change
3.820(1.70%) |
Mkt cap ! $87.17B | |||
| Open | High | Low | Value | Volume |
| $224.84 | $228.85 | $224.23 | $93.69M | 411.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40 | $228.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $228.75 | 12 | 1 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| MQG (ASX) Chart |