The assessment is that a number of funds are attempting a Claytons Shorting of MQG to force a capital raising so they can jump in even cheaper than when they sold. If there's any justice in this world Mac will resist and the funds will just be left with their losses. Pretty unethical imo.
This link has a pretty good, balanced article which explains the company's prospects very well. It's no bed of roses but Mac remains among the best IB in the world with diversity of business and strong capital base.
http://www.businessday.co.nz/world/australia/4865202
chart shows straight down from feb 16, page-8
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Last
$204.67 |
Change
3.060(1.52%) |
Mkt cap ! $78.11B | |||
| Open | High | Low | Value | Volume |
| $201.50 | $206.00 | $201.08 | $153.1M | 750.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 112 | $204.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $204.88 | 239 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |