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In reply to: suti on Tuesday 18/10/05 10:57am

Hey suti!...

You look like my spit image http://www.sharescene.com/html/emoticons/laughingsmiley.gif


There's always a wild ride with this stock and I love it.


HY report due soon and possibly a good divvy should see it rising again.


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ABN-AMRO: MBL & BNB ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Time to Buy back in ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¦


Upgrades to earnings forecasts, price targets and recommendations




Nevertheless, with the rise in our price target for MBL from A$80.85 to A$84.72 .................. Hence, we raise our recommendations on both from Add to Buy.


For details see:



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Analysts are confusing little people, here are just two examples of how people can vastly disagree:


Tuesday, October 18, 2005 6:32:28 PM ET

0821 [Dow Jones] STOCK CALL: Credit Suisse First Boston upgrades Macquarie Bank (MBL.AU), last at A$65.92, to Outperform from Neutral after 20% fall in 3 weeks creates 26% projected 12-month return with unchanged A$80 target price. Says three main concerns driving fall are "valid, although overdone." While rising bond yields impact infrastructure performance fees, these only 6% of FY07/08 revenues, equity market weakness a concern but mainly in long term, and MBL has alternative exposure to U.S. and French tollroads should Macquarie Infrastructure (MIG.AU) not succeed in bids. (WEL)




Tuesday, October 18, 2005 7:32:24 PM ET

0920 [Dow Jones] STOCK CALL: Goldman Sachs JBWere downgrades Macquarie Bank (MBL.AU) to short-term marketperform and long-term hold from outperform and buy respectively. While no change to earnings forecasts, analyst says risks to future earnings is rising in infrastructure and specialist funds with best case valuation around A$70.19, "assumes 10% outperformance in specialist funds for next 10 years and gains from asset sales." Adjusting for this valuation drops to A$62.94 vs last at A$65.92. Adds "sentiment appears to be turning," so recommends reducing overweight positions into strength.



So CSFB thinks $80, while GSJBW thinks $60. I'm no analyst but that's a good spread.

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