ABC News report:
http://www.abc.net.au/news/2011-07-28/battered-macquarie-doing-better-than-competitors/2815222?section=business
In the video Mr Moore says that return on equity will improve in 2011 (dated July 29 2011).
Since MQG was trading on 3 Aug 3 2010 at $39.55, combined with Mr Moore saying that they will maintain or improve profits, I continue to believe that MQG is significantly undervalued.
Yes, international markets are going crazy. Yes, this gives us the chance to buy value stock in solid companies that have reaffirmed their EPS targets and are offering a 7% fully franked dividend at these prices. There are risks. That is why you should always DYOR.
eps expected >= 2010
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Last
$207.05 |
Change
-0.100(0.05%) |
Mkt cap ! $79.02B | |||
| Open | High | Low | Value | Volume |
| $203.90 | $207.20 | $202.75 | $87.48M | 424.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 793 | $206.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $207.20 | 264 | 2 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |