Dont really understand what is going on with this stock. Seems to have good performances across its business.
As for who owns it, from what i can find:
Deutsche Bank about 10%
Mac Bank nearing 20%
both of whom have been increasing their holding the last 2 months.
Credit Swiss now about 8%
they have been seelling down a bit from about 10%
IOOF 8%
and challenger financial 5%.
So by looking at that id say most are long term holders, a lot in super funds due to the very good dividends paid.
This could mean that the SP of the stock can move quite a bit beacsue its a low volume stock, meaning few traders. So if a few traders get scared then for sure can drop quickly.
Will be interesting over the next few weeks to see what happens next. last time it touched a low of 2.08 it bounced up to 2.5ish
I hold for the long term but am getting frustrated with SP.
Any thoughts???
- Forums
- ASX - By Stock
- MCQ
- is this stock in trouble
MCQ
macquarie capital alliance group
is this stock in trouble , page-2
-
- There are more pages in this discussion • 1 more message 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 MCQ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online