27/11/2024 09:41

Macquarie Group Ltd (MQG) $232.44

An interesting article in the AFR yesterday questioned whether MQG’s growth has passed its peak. Like much of the market, especially the banks, MQG has enjoyed an increasing share-price pushing its valuation up through 2024.

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12/11/2024 09:32

Macquarie Group Ltd (MQG) $228.83

MQG is ideally positioned for lower regulation, lower taxes and a higher $US environment. Recently there have been some short-term headwinds in their commodities trading business which we believe provides opportunity, while the asset management business remains extremely strong.

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07/11/2024 09:44

Active Growth Portfolio – Amendments

We are making two changes to the Active Growth Portfolio Today

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07/11/2024 09:30

Mirvac (MGR) into Macquarie Group (MQG)

Mirvac Group (MGR) – the property name is unlikely to outperform the market while the risks of sticky inflation, at best, remain elevated in the US and potentially at home..

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01/11/2024 16:42

Macquarie Group (MQG) $223.20

MQG fell 3.6% after its profit fell short of expectations as subdued volatility weighed on its key commodities and global market business. The “Millionaires Factory” hit an all-time high last week, and this report wasn’t good enough to justify an assault on $250, but around $220, we are again interested.

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01/11/2024 09:28

Macquarie Group (MQG) $231.51

MQG reported this morning and it has missed expectations as trading activity waned in its core commodities and global markets business.

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29/10/2024 09:33

Macquarie Group Ltd (MQG) $232.49

MQG, like all the banks, is trading on the rich side of history. While it is a very different beast to a major bank, when we use international investment banks as our yardstick, we come to the same conclusion.

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03/10/2024 09:19

Macquarie Group (MQG) $226.16

We could have illustrated our point here using any of the “Big Four” banks, but we chose Macquarie Group Ltd (MQG) after it underperformed its peers on Wednesday, slipping -1%. We often say markets are moving to a rhythm, and in the case of MQG, in the current bull market, we like the risk/reward of weakness under $220, especially ahead of its anticipated $2.85 part-franked dividend in November

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26/09/2024 09:22

Macquarie Group Ltd (MQG) $$228.12

MM has been inundated with questions about where we should sell the banks, but literally, nobody has asked where we should buy them, even though they are solid businesses in a strong bullish uptrend. MQG has been making inroads into the home loan market, and if refinancing is set to pick up, they should be able to improve market share without sacrificing margins.

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26/07/2024 09:13

Macquarie Group Ltd (MQG) $201.61

We have been watching our banking exposure carefully over recent weeks, with ANZ Group (ANZ), which we hold in our Active Growth Portfolio, catching the headlines for the wrong reason: the Bond Trading Scandal. Yesterday, Macquarie (MQG) reversed from fresh all-time highs in the last  as management struck a cautious tone when they delivered a trading update at their AGM yesterday, with investors focusing on slow deal flow  – we would prefer a drought of deals rather than bad deals!

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