Lionel...you're right....in a normal market....surplus cash on a banks balance sheet is a bad thing....but with the kind of market we're now in....the surplus cash makes the investment safer.....and it will allow Macquarie to pick up and profit from opportunities....
An past example is the Aircraft leasing business....AIG originally wanted $2.5-2.7B for it....MQG bought it for $1.99B......they could buy it then as they had the cash and no one else who was interested did....this business now gives MQG a great annuity style flow of cash....which other investment banks like Goldmans or MS will not have access to if we hit shit creek with the markets...
mqg is a steal at this price, page-51
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Last
$199.83 |
Change
1.540(0.78%) |
Mkt cap ! $76.26B | |||
| Open | High | Low | Value | Volume |
| $198.29 | $201.57 | $197.68 | $129.7M | 649.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2114 | $199.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $200.00 | 188 | 2 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| MQG (ASX) Chart |