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
$207.15 |
Change
2.480(1.21%) |
Mkt cap ! $79.06B |
Open | High | Low | Value | Volume |
$206.50 | $207.95 | $206.33 | $91.99M | 444.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 72 | $207.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$207.32 | 2083 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 110 | 207.030 |
1 | 1357 | 206.880 |
1 | 2469 | 206.760 |
2 | 1357 | 206.720 |
1 | 572 | 206.660 |
Price($) | Vol. | No. |
---|---|---|
207.320 | 1980 | 1 |
207.550 | 24 | 1 |
207.600 | 250 | 1 |
207.640 | 2044 | 1 |
207.650 | 100 | 1 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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