Macquaire Bank Halts Trading

Discussion in 'Markets & Economies' started by betterinvestmentthanshare, Aug 29, 2019.

  1. betterinvestmentthanshare

    betterinvestmentthanshare Member

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    https://www.brisbanetimes.com.au/bu...g-placed-in-trading-halt-20190828-p52lgm.html

    We sold half our position a few weeks ago and now we have received the Presentation to Investors and Analysts for a buy back scheme. Mind you (NOT FOR DISTRIBUTION OR RELEASE IN THE UNITES STATES) AND..........must read "DISCLAIMER!!!!!" OFFERS ARE NOT UNDERWRITTEN!!!!!!!!!!!!!!!!!!!!!!

    The reason Ive posted here and not in Stocks and Derivatives is due to the last few pages of the presentation (the risk) you have to read between the lines. THEY ARE GETTING READY.
    RISK: Sovereign Default, US and Chinese Economy, Increased Tariff Levels,
    lower and negative interest, Emerging economy, Departure of "countries" in the EU.
    Forecast for mid 2020 is not looking good.
     
    Last edited: Aug 29, 2019
    66rounds likes this.
  2. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    What’s the big deal, this is freely available document and the raising was talked about since last quarter?

    As for the trading halt, meh standard practice.
     

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