very good time to buy, page-19

If you want high beta stocks in an AUD diversified equities portfolio then Macquarie should do you for the non-commercial bank financials component. (How else are you going to get top-tier investment banking exposure on the ASX).

RE recent capital raising, as an educated guess, the one platform that is most lacking is a European equities business - look for the acquisition of a mid-tier brokerage in the UK (as they did with the ING business in Asia – perfect time to be buying – they bought ING business for zero cash and its now one of the larger revenue generating regions – that’s clever and looks a lot smarter than the US investment banks!)