For what it's worth, I disagree with the CSL analogy (and therefore the correlation of possible longer term stagnancy of MQG price). CSL, by comparison is relatively confined by the bounds of it's industry. Without a mini thesis on CSL (which I don't hold), Macquarie on the other hand is quite the opposite in being relatively unconstrained in seeking (and assessing in a disciplined manner) growth opportunities. Utilities, energy (& derivative markets), funds management, property & equipment financing.......whatever, if the average return profile of the sector, or choice parts of a sector, are expected to exceed the risk, then they have the organisational capability to exploit them, and be beta-beaters. The CR simply adds a bit more financing capability to this organisational capability.
Sure, we may even touch, I dunno, say, $170, again in the very near term on macro stuff to fret over (I'm reminded of Mental As Anything's Troop Movements In The Ukraine...), but to align MQG's business-per-share market price in the coming years to be as flat and sluggish as CSL's does not fit my intuition.
Also remember CSL is generally priced @ ~1.5, or worse, MQG's earnings multiple (a circumstance that has generally befuddled me...and the merit of their Vifor acquisition certainly hasn't left me starry-eyed)
Anyway, hopefully by the time of Feb 8 and May 6 operational briefing & FY results respectively, and what they divulge, this will have pulled us back over the double-ton again.
- Forums
- ASX - By Stock
- $200 Party
For what it's worth, I disagree with the CSL analogy (and...
-
- There are more pages in this discussion • 57 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
$203.81 |
Change
0.080(0.04%) |
Mkt cap ! $78.05B |
Open | High | Low | Value | Volume |
$201.50 | $203.89 | $200.47 | $133.3M | 656.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7046 | $203.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$203.82 | 35 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 203.750 |
1 | 2000 | 203.720 |
1 | 4000 | 203.540 |
2 | 600 | 203.500 |
1 | 110 | 203.260 |
Price($) | Vol. | No. |
---|---|---|
203.820 | 35 | 1 |
203.880 | 496 | 2 |
203.900 | 1376 | 2 |
203.910 | 600 | 1 |
203.930 | 44 | 1 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
Featured News
MQG (ASX) Chart |