MBL macquarie bank limited

MBL- deeply oversold

  1. 61 Posts.
    Nice reversal on MBL today, inspite of all the bad press and MCIG float underperforming this finished the day quiet well.
    Positives:
    1. Ultra cheap growth stock- 02 PE of 15.4, 03 PE of 12.85, yielding 4.1% and a EPS growth rate of 20.6%.

    2. End of MBL staff selling period tomorrow (14th)- Staff have
    contributed to about 800,000 shares being sold since AGM.

    3. Nothing overhanging stock until Oct when MAP $'s are raised.

    Conclusion:
    should bounce from here, helped along by the short covering.
 
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