With the benefit of hindsight everyone is an expert. If you believe in a company and the track record has proved itself why not take the Warren Buffett approach - hold it FOREVER. MQG is one of those stocks.
It is essentially one big Private Equity vehicle - it cannot NOT be successful over the longer term. The staff are remunerated to make deals and hence profits - the more deals and profit a staff member can make the bigger his/her bonus - the model aligns staff and shareholders ABSOLUTELY - no ifs or buts!!.
You have 16,000 staff - essentially entrepreneurs looking for the next deal. The biggest asset MQG has is the ability to "pivot" at certain points in history:
* it pivotted into infrastructure in the late 1990s when no one heard of the term - it set up funds to hold Sydney motorways and the Airport
* it pivotted into annuity businesses like Funds management and banking after the GFC as deal making dried up
* it pivotted into offshore markets since 2010 when the Aussie market was looking mature - they bought Delaware in the US as an example
* it is now pivotting into the Green/Environmental area - with the world demanding more assets in this space.
You get the story - they will continue to "pivot" and enter new markets where they see a fit.
I know how they work - I worked there for 16 years and have been a shareholder since Feb 2000.
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Last
$204.68 |
Change
0.340(0.17%) |
Mkt cap ! $78.19B |
Open | High | Low | Value | Volume |
$205.00 | $205.00 | $203.73 | $128.5M | 628.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4146 | $204.61 |
Sellers (Offers)
Price($) | Vol. | No. |
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$204.80 | 300 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 108 | 204.330 |
1 | 1375 | 204.230 |
1 | 151 | 204.130 |
1 | 1375 | 204.120 |
1 | 1375 | 204.010 |
Price($) | Vol. | No. |
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204.800 | 300 | 1 |
204.990 | 52 | 1 |
205.000 | 5224 | 17 |
205.050 | 856 | 1 |
205.080 | 52 | 1 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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