MQG 1.30% $189.48 macquarie group limited

Yes, I have no problems as it is in their contacts if they...

  1. 826 Posts.
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    Yes, I have no problems as it is in their contacts if they perform extremely well bonuses will be extremely good too. Philosophical I think these salaries are over the top.

    SP is all about future earnings and has anyone got any estimates or comments. These are my two cents with of comments. IMO there will be drastic drop in the profits for next two years. In 2023FY Risk management & inventory management is about 2.6B higher than 2022, which itself on much higher side. Half year 9/22 was only $209 compared to HY 3/23 at $2,446. This is the main contribution for the just released profits figure for 3/2023.

    Assuming much of the volatility is behind us interest rates will be fairly stable, global growth will be lower, commodity fluctuations will be behind us too. All commodities have drop in prices to normal levels. Iron ore, oil & other base metals have dropped to around the long term ranges.
    So risk&inventory Category will have much less profit going forward.

    With interest rates higher, infrastructure related profits will be in the same range as HY 3/23 or may be less.

    BFS growth will be very subdued too if you read all the major bank HY reports. NIM dropping, nobody seems to be expecting much growth for next few years. High interest will also impact property investments volume.

    Macquarie Capital also was extremely subdued in HY 3/23 and will continue at least for next 12 to 18 months in my opinion.
    Even if they purchase really good business with $12B excess funds that is not coming in for at least for 2 more years.
    All in all I will not be surprised by 1 to 1.3B range drop in profits or more.
    Like to hear your views.


 
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