I had previously said that the CR is a rip-off and that it's a better deal for Macquarie at a corporate level and not for Macquarie shareholders, and that the price would come down below the CR issue price, and here we are!
I was also super annoyed at management that the retail investor price didn't account for franking credits from the dividend that institutional investors received.
I maintain the view that we can expect it will rangebound at $150-$180. Expect months possibly years of painful consolidation as CSL shareholders have been enduring for the last 3 years. This is really only worth holding onto now if you got in at a good price ($100 or below) for the relatively fat dividends. We all knew MQG had run too hot.
Brace yourselves for a long, slow grind, but as some long-time MQG investors have said, buying on the dips, holding tight, and not selling led to very superb riches!
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Last
$203.40 |
Change
0.520(0.26%) |
Mkt cap ! $77.70B |
Open | High | Low | Value | Volume |
$204.18 | $204.49 | $202.50 | $105.9M | 520.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 827 | $203.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$203.43 | 109 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250 | 203.000 |
1 | 50 | 202.470 |
1 | 100 | 202.200 |
1 | 9 | 202.100 |
5 | 237 | 202.000 |
Price($) | Vol. | No. |
---|---|---|
203.500 | 1100 | 2 |
203.850 | 152 | 1 |
204.000 | 2108 | 7 |
204.200 | 123 | 1 |
204.300 | 123 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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MQG (ASX) Chart |