Morgan Stanley and UBS downgraded MFG to $17.20 and $17 respectively.. The two most pessimistic broker targets. Perhaps an opportunity for a bit of payback on Magellan due to Barrenjoey taking their staff? Interesting Barrenjoey has collected some top talent for a small investment bank. Magellan owns 40%, Barclays has just under 10% and the rest are owned by the staff. I think Barrenjoey will definitely be one to watch.
disallowed/business/markets/barrenjoey-capital-snags-asx-licence-raids-ubs-talent-20210315-p57asq.html
https://www.reuters.com/business/finance/moves-around-10-ubs-executives-australia-resign-sources-2021-03-15/
https://www.finews.asia/people/34029-barrenjoey-raids-ubs-australia-unit
https://www.copyright link/chanticleer/investment-banking-s-great-disruption-20210315-p57ast
https://www.copyright link/street-talk/barrenjoey-hires-nick-godhard-for-oil-and-gas-20210601-p57x3j
disallowed/business/banking-and-finance/we-anticipated-the-raids-how-barrenjoey-s-poaching-day-unfolded-for-ubs-20210315-p57awq.html
Some recent(ish) news from Barrenjoey
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Last
$8.49 |
Change
0.000(0.00%) |
Mkt cap ! $1.461B | |||
| Open | High | Low | Value | Volume |
| $8.50 | $8.67 | $8.48 | $3.088M | 361.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1950 | $8.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.59 | 5048 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |