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.
    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.

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