Yep, its not easy to predict!! How analysts could come up with 880m, is beyond me...
I agree though, MQ are not idiots. They would prefer to under promise and over deliver.
Trading income should be up, this is a positive. It seems this is what has driven the profits in the American banks this last quarter. It has also provided a boost to ANZ & NAB this week. (ie offsetting their bad debts...)
I'm hoping they report a higher profit around $4-500mil, a fairly decent divi, but most importantly, guidance about what the hell they are doing about MAP and MIG. These two are mainly the cause of the SP drop to $15 recently. They have to have some plans in the works??
What about a takeover offer for both MIG & MAP??(speculating)
Best case, purchase assets at a 20-30% discount, then flog them off themselves making a profit. Worst case, increasing their stakes in two underperforming infrastructure funds, which should provide profit over the next 12 months as things stabilise.
I know this sounds way off course, but MQG are always doing the unexpected...
MQG Price at posting:
$32.17 Sentiment: LT Buy Disclosure: Held
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