I share (sic) your reaction & concerns. Other recent MAP posts provide valuable insights into recent SP action.
I invested in MAP due to its apparent operational successes / ongoing increasing cash flow & growth etc. IMHO it now appears that 'those who determine which stocks should be shorted hard' with a view to smashing the SP [and making a $quick] have identified MAP as a possible candidate.
IMHO Macquaries' business model [ie. investment bank based on aggressive leverage / private equity] is under attack - globally major fin orgs like MS & GS & so called fin gurus such as AG & WB are making well-publicised ann. which engender investor fear in & undermine businesses using high leverage.
MAPs last Ann Report showed Debt:Equity at ~250% & this appears to be the basis for challenging its business model. Based on what is still happening to CNP, ABS etc. runours, covered & native shorting will be used & re-used. IMHO, despite The Australian's news stories our ASX & the ASIC have proven absolutely, utterly useless in protecting stocks from raiders and thereby have failed genuine investors.
I am holding & wish you all the best with your investing decisions.
4YIO - NFA
MAP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
