Comments on: Macquarie Group (MQG) Update http://www.fusioninvesting.com/2009/02/macquarie-group-mqg-update/ Fusing Fundamental and Technical Analysis with lashings of Behavioural Finance. Investing in Australia and North America. Wed, 28 Jul 2010 20:14:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Dean Morel http://www.fusioninvesting.com/2009/02/macquarie-group-mqg-update/comment-page-1/#comment-542 Dean Morel Thu, 05 Feb 2009 03:31:21 +0000 http://www.fusioninvesting.com/?p=814#comment-542 MQG has been falling since the 8th Jan update in which they clearly flagged these results. The results were no worse and perhaps a little better than anticipated. Simple maths: At what point in the future will MQG earn as much as they did in 2008 and pay as high a dividend? When they do, a purchase today will return a 15% dividend which is likely keep growing. While you're waiting you'll need to settle for around a 12% div which will be cut if MQG stick to 50-60% payout and hold the risks of associated MQG assets. <a href="http://spreadsheets.google.com/pub?key=p4y0P6tzJXmCyPJ_kzi1OEQ ">Macquarie's dividend history</a> If management are correct and to be believed then MQG looks in terrific shape. However, there is seldom a last man left standing. The front of the boomer wave is nearing retirement. Stocks are likely to be the best asset over the next ten years and cash the worst. High paying dividend stocks will be awarded good multiples. MQG has been falling since the 8th Jan update in which they clearly flagged these results.
The results were no worse and perhaps a little better than anticipated.

Simple maths:
At what point in the future will MQG earn as much as they did in 2008 and pay as high a dividend?

When they do, a purchase today will return a 15% dividend which is likely keep growing. While you’re waiting you’ll need to settle for around a 12% div which will be cut if MQG stick to 50-60% payout and hold the risks of associated MQG assets.
Macquarie’s dividend history

If management are correct and to be believed then MQG looks in terrific shape. However, there is seldom a last man left standing.

The front of the boomer wave is nearing retirement. Stocks are likely to be the best asset over the next ten years and cash the worst. High paying dividend stocks will be awarded good multiples.

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