Why are people wanting Macquarie to go down to a 15 P/E?
Do you understand that trading at a premium is a GOOD thing?
It signifies that the business has something special about it - like the Microsofts and Googles of the world with their wide moats and significant competitive advantages. We don't want this thing to go and trade with the average club starring WBC, ANZ, TLS and NAB and I heard Magellan was trying to get a ticket.
We just want the price to come down to be compelling enough to buy - hoping for $150 but it looks like $180 was the bottom (unless Russia roils markets).
Please don't ask for a house in Vaucluse to trade at the same premium as one in Broken Hill.
GL to MQG shareholders for our briefing this week - hopefully we get another upgrade.
Why are people wanting Macquarie to go down to a 15 P/E? Do you...
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Last
$203.16 |
Change
-1.530(0.75%) |
Mkt cap ! $77.80B | |||
| Open | High | Low | Value | Volume |
| $202.22 | $204.19 | $201.52 | $90.48M | 445.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99 | $202.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $203.19 | 38 | 1 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |