"I recall those who bought during GFC lows calling MQG overvalued in 2014/15 when it hit $80+ and many sold, which was great for them as the price softened into the $60s during the Asian Crisis in 2016. After that, the share price action is history. I believe MQG will be much higher than my $80 buy in when I sell also."
At each of those points in time you reference, MQG's P/B ratio was 0.8x (GFC), 1.6x (2014) and 1.8x (2016).
So those were indeed good buying opportunities - for the reason that the stock was cheap (you omitted to mention the Greek debt crisis in 2011/12, when the stock was also very cheap, at a P/B of <1.0x. And, of course, during the Covid market crash last year).
Today that metric is 3.2x.
So the valuation circumstances which made MQG a good investment at various points in time, do not exist today.
Of course, I happily accept that I might be wrong, and that the stock could go on to a P/B of 3.5x, or 3.8x or even higher, but investing on the basis of something which is already at a record valuation, on the assumption that it is going to reach an even greater records, is not a wealth creation path I'd ever follow.
.
- Forums
- ASX - By Stock
- $200 Party
"I recall those who bought during GFC lows calling MQG...
-
- There are more pages in this discussion • 144 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
$226.16 |
Change
-2.190(0.96%) |
Mkt cap ! $86.19B |
Open | High | Low | Value | Volume |
$225.35 | $227.32 | $223.72 | $181.4M | 803.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 43 | $226.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$226.24 | 591 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 43 | 226.060 |
1 | 1195 | 225.850 |
1 | 844 | 225.710 |
1 | 43 | 225.490 |
1 | 125 | 225.210 |
Price($) | Vol. | No. |
---|---|---|
226.240 | 591 | 1 |
226.320 | 2176 | 2 |
226.350 | 40 | 1 |
226.410 | 531 | 1 |
226.550 | 300 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
MQG (ASX) Chart |