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
$207.85 |
Change
-1.250(0.60%) |
Mkt cap ! $79.32B |
Open | High | Low | Value | Volume |
$208.50 | $209.50 | $207.15 | $91.59M | 440.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100 | $207.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$207.87 | 52 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 207.800 |
3 | 1497 | 207.700 |
1 | 1352 | 207.670 |
1 | 1352 | 207.560 |
1 | 107 | 207.530 |
Price($) | Vol. | No. |
---|---|---|
208.100 | 392 | 2 |
208.390 | 107 | 1 |
208.450 | 192 | 1 |
208.750 | 127 | 1 |
208.900 | 250 | 1 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
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