Macquarie Group (ASX: MQG) $163.24
MQG +1.78%: A softer-than-expected 1H24 result today driven mainly by weaker performance from Macquarie Asset Management (MAM) - net profit of $1.42bn was below consensus of $1.69bn and they declared an Interim dividend of $2.55, ahead of the $2.25 expected. While their overall guidance for the year suggests some stabilisation in 2H earnings, and the approved on-market share buyback of up to $2bn is very supportive, the result was a miss and should lead to downgrades.
That said, MQG sees the market like no other, and when they conclude that allocating $2bn towards their own stock is the most compelling use of capital, we should take note, and that is what happened today. A tough period for them clearly, however they are a quality franchise, highly leveraged to improving markets, and we remain holders of the shares in our Growth Portfolio.
- Forums
- ASX - By Stock
- MQG
- Ann: Macquarie Group 1H24 Presentation
Ann: Macquarie Group 1H24 Presentation, page-23
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MQG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$232.88 |
Change
2.760(1.20%) |
Mkt cap ! $88.91B |
Open | High | Low | Value | Volume |
$232.16 | $233.44 | $231.53 | $28.77M | 123.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5 | $232.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$232.90 | 1 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 52 | 232.990 |
3 | 14 | 232.980 |
5 | 81 | 232.970 |
2 | 8 | 232.960 |
2 | 8 | 232.950 |
Price($) | Vol. | No. |
---|---|---|
233.060 | 2 | 1 |
233.070 | 21 | 2 |
233.080 | 57 | 2 |
233.100 | 35 | 1 |
233.120 | 16 | 2 |
Last trade - 12.18pm 10/10/2024 (20 minute delay) ? |
Featured News
MQG (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online