I agree. This is significant for the mortgage market and it has to flow on to property prices later on as costs go up and the willingness of lenders to lend is cut back.
Absolute overaction on MQG share price though. This represents 1% of MQG business. This is the best buy of the century and I'm loading up big time. Doesn't matter if the price goes to $30 this will still be a historical opportunity.
Do all these sellers realise that MQG are hiring new staff like there's no tomorrow currently? Is this the sign of a bank going under? No, they are preparing for the opportunities that subprime has brought them.
mqcq withdrawal from mortgage mkt significant, page-2
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Last
$233.49 |
Change
1.290(0.56%) |
Mkt cap ! $88.99B | |||
| Open | High | Low | Value | Volume |
| $231.55 | $233.67 | $231.22 | $120.4M | 520.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | $233.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $233.50 | 139 | 3 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MQG (ASX) Chart |