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
$199.03 |
Change
2.530(1.29%) |
Mkt cap ! $76.22B |
Open | High | Low | Value | Volume |
$197.71 | $199.03 | $196.45 | $296.9M | 1.511M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4675 | $198.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$199.03 | 9713 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20 | 198.400 |
1 | 383 | 197.500 |
1 | 350 | 196.350 |
1 | 250 | 196.300 |
1 | 276 | 195.810 |
Price($) | Vol. | No. |
---|---|---|
199.110 | 17 | 1 |
199.160 | 5 | 1 |
199.180 | 65 | 1 |
199.410 | 75 | 1 |
199.500 | 1285 | 7 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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