I underestimated CGM... haven't been a buyer since $156 to my detriment. Guidance and commentary conservative as per usual so I wouldn't read too much into mgmt not being optimistic, just go back to HY/FY commentary for the last three years for more examples. Still shaping up as a powerhouse long term though the green energy investments are harder to value long term imo. Nice to see some growth in the loan book at BFS but still carries increasing risk unless you've got a rosy outlook for Aus.
Still a hold for me. Not sure it justifies trading at a premium on most valuations to the US majors like Goldman, JPM etc though I suspect this is because of the infrastructure/green energy exposure.
Market seems to be valuing infrastructure and PE style firms like Brookfield Asset Management more and they've enjoyed a strong run in the least 6-8 months.
I underestimated CGM... haven't been a buyer since $156 to my...
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Last
$187.74 |
Change
1.890(1.02%) |
Mkt cap ! $71.63B | |||
| Open | High | Low | Value | Volume |
| $185.77 | $188.00 | $185.52 | $57.91M | 309.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 204 | $187.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $187.75 | 66 | 8 |
View Market Depth
| Last trade - 15.30pm 02/05/2024 (20 minute delay) ? |
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Last
$188.32 |
Change
1.890 ( 1.25 %) |
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| Open | High | Low | Volume | ||
| $185.80 | $188.36 | $185.80 | 91923 | ||
| Last updated 15.52pm 02/05/2024 ? | |||||
| MQG (ASX) Chart |