I will resist posting a thousand reasons Tesla is over-valued for relavance (okay I can't resist one, it sells 1% of global car sales and is worth as much as the companies combined selling the other 99% and growing EV sales faster net too).
People wondering why MQG are raising capital rather than debt with such a healthy apparent capital surplus:
Revenue growth is middling at best, its profit growth well below American investment banks, net interest margins below global peers, its operating margins well below its peers. But most of all its share price. The very same rally that has made shareholders rich, now really stretches value. US banks are admittedly trading at very high valuations and whilst I've sold JP Morgan and trimmed my Morgan Stanley and Goldman Sachs positions, shorting MQG is a nicer hedge/short against those and some very recent European Investment banks on valuation for me personally.
I will resist posting a thousand reasons Tesla is over-valued...
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Last
$204.50 |
Change
-0.500(0.24%) |
Mkt cap ! $78.31B | |||
| Open | High | Low | Value | Volume |
| $204.90 | $205.39 | $204.26 | $86.07M | 422.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1151 | $204.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $204.65 | 4472 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |