MAQ 1.06% $84.54 macquarie technology group limited

Good news, bad news, page-38

  1. 372 Posts.
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    Very few of the ASX All Tech index are software businesses, let alone 'cloud aligned'. It's a pretty crappy index IMO after I continually find more relevant, decently capitalized tech stocks that are not included.

    Some of the questions, for me:
    • Kogan. It's a retailer, not a tech stock.
    • Carsales & REA - they are websites, but they are market places not technology (and then why isn't SEK there?)
    • LKN and CPU - again they use a lot of software, but they are service companies

    It's 2020 - every company has its own software. The real software companies (TNE, ALU, MP1) are only a small portion of this index. And MAQ isn't part of it? WTF.

    FYI I took all my money out of MAQ today; 50% gain in under 2 months. It's a good company but don't see any huge growth here.
 
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