Jay Posted August 1, 2007 Share Posted August 1, 2007 in for 4k MBL ords this morning between $76.80 and $77.50. written $80 calls on them for august and september at $2.16 and $3.10. Chart says it could go to as low as, $74.50ish, but i can't take the risk that it doesn't get there. Link to comment Share on other sites More sharing options...
balance Posted August 1, 2007 Share Posted August 1, 2007 In reply to: Jay on Wednesday 01/08/07 01:52pm I had ~74.20.no buys as yet. Link to comment Share on other sites More sharing options...
wolverine Posted August 1, 2007 Share Posted August 1, 2007 sucker here, bt more too. Link to comment Share on other sites More sharing options...
Jay Posted August 1, 2007 Share Posted August 1, 2007 last post should read $73.50 ish. Link to comment Share on other sites More sharing options...
snakecatcher Posted August 1, 2007 Share Posted August 1, 2007 In reply to: Jay on Wednesday 01/08/07 03:07pm Now trading sub $74 - amazing what panic will do to the share price of a great company. They have no direct exposure to sub prime, are trading on PE multiple of around 13.4x current year earnings which is a discount to the rest of the market. The statement made at the AGM confirmed they had a record first quarter with strong prospects for 1H08. And the latest funds statement showed continued strong growth in its funds under management.  Link to comment Share on other sites More sharing options...
david_j_c Posted August 1, 2007 Share Posted August 1, 2007 In reply to: wolverine on Wednesday 01/08/07 01:00pm MFNHA announced of the ASX but MBL didn't. So I suppose that's MBL's way of saying "Nothing to do with us folks". But it looks like the market doesn't believe them. Link to comment Share on other sites More sharing options...
snakecatcher Posted August 1, 2007 Share Posted August 1, 2007 They didn't announce it to the market via the ASX but it has widely reported in the press. see below for an example  SYDNEY (Dow Jones)--Macquarie Bank (MLB.AU) said Wednesday it has no direct exposure to its two high-yield investment funds that have been adversely impacted by price volatility in the U.S. credit market. Macquarie had said earlier that two of its funds that were marketed to smaller investors could lose a quarter of their value, or more than A$300 million, according to a report on The Australian newspaper website. A spokeswoman for Australian Bank told Dow Jones Newswires that the bank has no direct exposure to Fortress Funds.  Link to comment Share on other sites More sharing options...
Jay Posted August 1, 2007 Share Posted August 1, 2007 In reply to: snakecatcher on Wednesday 01/08/07 03:28pm do a search for MFN announcements or news and you will find the announcement. bought 1000 MBLIOK at $19.30 just then, to top up the ords. Link to comment Share on other sites More sharing options...
snakecatcher Posted August 1, 2007 Share Posted August 1, 2007 In reply to: Jay on Wednesday 01/08/07 03:31pm Yeah sorry should have been more specific in my post, what I mean't was that MBL itself didn't make an ASX announcement Link to comment Share on other sites More sharing options...
strawberry Posted August 1, 2007 Share Posted August 1, 2007 In reply to: snakecatcher on Wednesday 01/08/07 03:48pm Sheiza - last time i looked at MBL i think it was racing Rio to a dollar and buy recommendations from the tv hot shots. Down almost 25% from the top. Got to be a bottom somewhere. Wonder if their execs are considering BMW's this year rather than the mazerati. Link to comment Share on other sites More sharing options...
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