Mags Posted April 30, 2009 Share Posted April 30, 2009 Contemplating capital raising..... IMHO, Contemplating how to tell the market..... Getting in before the USA banks stress test results?????? Link to comment Share on other sites More sharing options...
blueice Posted April 30, 2009 Share Posted April 30, 2009 * Profit falls 52 pct, in line with forecasts * Group taking A$2.5 billion writedown, cuts dividend * Approaches investors to raise around $400 mln (Adds possible fund-raising, CEO quote, details) By Mette Fraende and Denny Thomas SYDNEY, May 1 (Reuters) - Macquarie Group (MQG.AX), Australia's biggest investment bank, reported its first fall in annual profit in 17 years on Friday, hurt by asset writedowns, and was said to be looking to raise funds for tough times ahead. Fund managers told Reuters that Macquarie had approached them on Friday about raising A$540 million ($397 million) through a fixed-price share offer at A$27.00 each. Macquarie declined to comment and made no mention of a capital raising in its results. Link to comment Share on other sites More sharing options...
crashtstdumy Posted May 5, 2009 Share Posted May 5, 2009 Considering the latest profit result and capital raising @ $27 can someone explain to me why MQG has gone from $30.31 to $35 since Monday ? (Infact it might have almost made it there on Monday) I know it's going ex div in a week but still! Is it possible/probable that there has been some background support engineered by Macquarie or the institutions? Link to comment Share on other sites More sharing options...
Livas1 Posted May 7, 2009 Share Posted May 7, 2009 Rumours doing the rounds this morning that Macquarie may bid for AIG's investment arm ($100bn FUM) Link to comment Share on other sites More sharing options...
cancan Posted May 12, 2009 Share Posted May 12, 2009 anyone know why MQG fall $2 today? It is worth getting at $35? Link to comment Share on other sites More sharing options...
Livas1 Posted May 12, 2009 Share Posted May 12, 2009 Ex-div, plus a weak market, plus a decent run up yesterday Link to comment Share on other sites More sharing options...
cancan Posted May 15, 2009 Share Posted May 15, 2009 anyone think it is worth taking up the offer that MQG is offering - share purchase plan for $26?? Link to comment Share on other sites More sharing options...
daggie Posted May 15, 2009 Share Posted May 15, 2009 Well, I am already a holder, and believe that MQG will be successful in the near future, and I will be taking the entitlement to the full value. Link to comment Share on other sites More sharing options...
Petert20 Posted May 15, 2009 Share Posted May 15, 2009 cancan, why would you not take the $26.60 SPP when the shares are trading on the market at $34+? If I could I'de gladly accept your entitlement. Link to comment Share on other sites More sharing options...
anglingdarma Posted May 16, 2009 Share Posted May 16, 2009 I am definitely going to apply for SPP, but not sure how much. There is a downside risk for MQG if ASIC decide not to extend the Short sell ban which will end this month. Link to comment Share on other sites More sharing options...
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