ASX Share rice
Sat 15 May 2021 - 02:23:am (Sydney)

MQG Share Price

MACQUARIE GROUP LIMITEDMQGDiversified Financials

MQG Company Information

Name:

Macquarie Group Limited

Sector:

Financial Services

Industry:

Capital Markets

GIC Industry:

Capital Markets

GIC Sub Industry:

Diversified Capital Markets

Address:

50 Martin Place Sydney NSW Australia 2000

Phone:

61 2 8232 3333

Full Time Employees:

16459

CEO, MD & Exec. Voting Director:

Ms. Shemara R. Wikramanayake B.Com., L.L.B., LLB, BCom (UNSW)

CFO, Head of Financial Mgt Group & Exec. Chairman of Macquarie Group, Asia:

Mr. Alexander Harms Harvey

Exec. Director, Global COO & Group Head of Corp. Operations Group:

Ms. Nicole Sorbara

Head of Banking & Financial Services Group and Deputy MD:

Mr. Gregory Colin Ward B.Ec., FCA, M.Ec., F Fin

Head of Commodities & Global Markets:

Mr. Nicholas O'Kane

Chief Risk Officer & Head of Risk Management Group:

Mr. Patrick C. Upfold

Global Co-Head of Macquarie Capital:

Mr. Michael John Silverton

Head of Principal Fin. - Macquarie Capital:

Mr. Florian Herold

Global Co-Head of Macquarie Capital:

Mr. Daniel Wong

Chairman of Macquarie Asset Management:

Mr. Martin Stephen William Stanley

Company Overview:

Macquarie Group Limited provides diversified financial services in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CMG), and Macquarie Capital segments. The MAM segment provides investment solutions to clients across various capabilities, including infrastructure and renewables, real estate, agriculture, transportation finance, private credit, equities, fixed income, and multi-asset solutions. The BFS segment offers personal banking products comprising home loans, credit cards, transaction and savings accounts, and vehicle finance; and wrap platform and cash management, financial advisory, private banking, and stockbroking services, as well as investment and superannuation products. It also provides deposit, lending, and payment solutions and services to business clients, such as sole practitioners to corporate professional firms. The CGM segment offers products in the areas of equities, fixed income, foreign exchange, commodities and technology, media, and telecoms; risk and capital solutions; and specialized asset finance solutions. The Macquarie Capital segment provides advisory and capital raising services. It is involved trading in fixed income, equities, foreign exchange and commodities, and broking services; corporate and structured finance; leasing services; capital raising and advisory services, underwriting, facilitation, and principal lending and investments; and distribution and management of funds and wealth management products The company was founded in 1969 and is headquartered in Sydney, Australia.

MQG Share Price Information

Shares Issued:

346.78M

Market Capitalisation:

$54.69B

Dividend per Share:

$4.7

Ex Dividend Date:

2021-05-17

Dividend Yield:

2.98%

Revenue (TTM):

$12.92B

Revenue Per Share (TTM):

$37.35

Earnings per Share:

$8.246

Profit Margin:

0.2334

Operating Margin (TTM):

$0.31

Return On Assets (TTM):

$0.01

Return On Equity (TTM):

$0.14

Quarterly Revenue Growth (YOY):

0.209

Gross Profit(TTM):

$12.92B

Diluted Earnings Per Share (TTM):

$8.246

QuarterlyEarnings Growth(YOY):

0.583

MQG CashFlow Statement

CashFlow Date:

2021-03-31

Investments:

$4.12B

Change To Liabilities:

$0

Total Cashflow From Investing Activities:

$2.90B

Net Borrowings:

$3.15B

Net Income:

$3.02B

Total Cash From Operating Activities:

$-14,353,000,000

Depreciation:

$0.93B

Other Cashflow From Investing Activities:

$3.66B

Dividends Paid:

$-861,000,000

Capital Expenditures:

$761M

MQG Income Statement

Income Date:

2021-03-31

Income Before Tax:

$3.91B

Net Income:

$3.02B

Gross Profit:

$5.18B

Operating Income:

$-4,608,000,000

Other Operating Expenses:

$2.09B

Interest Expense:

$1.77B

Income Tax Expense:

$899M

Total Revenue:

$5.18B

MQG Balance Sheet

Balance Sheet Date:

2021-03-31

Intangible Assets:

$1.22B

Total Liabilities:

$223.30B

Total Stockholder Equity:

$22.05B

Other Current Liabilities:

$29.42B

Total Assets:

$245.65B

Common Stock:

$10.17B

Other Current Assets:

$51.36B

Retained Earnings:

$12.23B

Other Liabilities:

$2.55B

Good Will:

$1.32B

Other Assets:

$107.22B

Cash:

$18.43B

Total Current Liabilities:

$139.74B

Property - Plant & Equipment:

$4.68B

Net Tangible Assets:

$19.51B

Long-Term Investments:

$13.76B

Total Current Assets:

$117.88B

Long-Term Debt:

$80.22B

Net Receivables:

$8.26B

Short-Term Investments:

$133.48B

Accounts Payable:

$84.20B

Non Currrent Assets (Other):

$6.01B

Short-Term Investments:

$133.48

Non Current Liabilities Total:

$80.42B

MQG Share Price History

MQG News

07 May, 2021
Macquarie has signalled that it will stop financing coal projects by 2024 in a symbolic move that coincided with a bitter political debate in Australia over banks’ withdrawal from the sector. The Sydney-based investment bank said on Friday that it expected its lending exposure to the commodity to “run off” within three years as it outlined a climate policy to align its financing activities with global commitments to achieve net-zero emissions by 2050. Macquarie will continue to fund oil and gas developments.
06 May, 2021
Australian financial services firm Macquarie Group posted a record annual profit, beating its guidance, as an earnings windfall from volatile energy, precious metals and currency markets offset weakness in some fee-based businesses. Sydney-listed Macquarie said on Friday net profit rose 10.6% to A$3.02 billion ($2.35 billion) for the year to end-March, topping the 5-10% increase it foreshadowed two months earlier, as its commodities trading unit grew profit by 50%. That overshadowed flat or lower contributions from elsewhere in Macquarie's global web of financial businesses, as the coronavirus pandemic hit profits from its aircraft leasing unit, pressured merger and acquisition fees and squeezed banking margins by driving interest rates to ultra-low levels.
Natural gas suppliers, pipeline companies and banks that trade commodities have emerged as the biggest market winners from February's U.S. winter blast that roiled gas and power markets, according to more than two dozen interviews and quarterly earnings reports. The deep freeze caught Texas's utilities off-guard, killed more than 100 people and left 4.5 million without power. Demand for heat pushed wholesale power costs to 400 times the usual amount and propelled natural gas prices to record highs, forcing utilities and consumers to pay exorbitant bills.
Natural gas suppliers, pipeline companies and banks that trade commodities have emerged as the biggest market winners from February's U.S. winter blast that roiled gas and power markets, according to more than two dozen interviews and quarterly earnings reports. The deep freeze caught Texas's utilities off-guard, killed more than 100 people and left 4.5 million without power. Demand for heat pushed wholesale power costs to 400 times the usual amount and propelled natural gas prices to record highs, forcing utilities and consumers to pay exorbitant bills.
Natural gas suppliers, pipeline companies and banks that trade commodities have emerged as the biggest market winners from February's U.S. winter blast that roiled gas and power markets, according to more than two dozen interviews and quarterly earnings reports. The deep freeze caught Texas's utilities off-guard, killed more than 100 people and left 4.5 million without power. Demand for heat pushed wholesale power costs to 400 times the usual amount and propelled natural gas prices to record highs, forcing utilities and consumers to pay exorbitant bills.
03 May, 2021
Every investor in Macquarie Group Limited ( ASX:MQG ) should be aware of the most powerful shareholder groups...
Ivy High Income Opportunities Fund (NYSE: IVH) (the "Fund") today announced a monthly distribution of $0.075 per common share. The distribution schedule is as follows:
30 Apr, 2021
Ivy High Income Opportunities Fund (NYSE: IVH) (the "Fund") today announced that Joseph Harroz, Jr., Ann D. Borowiec, Jerome D. Abernathy, Janet L. Yeomans and John A. Fry were elected as Class I Trustees; Sandra A.J. Lawrence, Shawn K. Lytle, Thomas L. Bennett and Thomas K. Whitford were elected as Class II Trustees; and H. Jeffrey Dobbs, Frances A. Sevilla-Sacasa, Christianna Wood and Joseph W. Chow were elected as Class III Trustees, to hold office until the Fund’s 2023, 2021, and 2022 annual meeting, respectively, or until their respective successors are elected and duly qualified.
SAN DIEGO, April 30, 2021 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), the parent corporation of LPL Financial LLC, a leading platform provider and partner to financial advisors, today announced the closing of its acquisition of the wealth management business of Waddell & Reed Financial, Inc. (“Waddell & Reed”) from Macquarie Management Holdings, Inc. (“Macquarie”), a part of the asset management division of Macquarie Group (ASX: MQG; ADR: MQBKY), for a purchase price of approximately $300M. Over 900 Waddell & Reed advisors have committed to join LPL’s platform. Collectively, the advisors serve approximately 95% of the $71B of client assets comprising Waddell & Reed’s wealth management business, reported as of March 31, 2021. LPL expects to onboard the advisors in the next few months. LPL Financial President and Chief Executive Officer Dan Arnold said, “Waddell & Reed advisors are seasoned and well-regarded throughout the industry and are a strong cultural and strategic fit with us. We look forward to supporting them with our comprehensive platform that helps them design and operate the perfect practice for them and their clients. Waddell & Reed and Macquarie have been strong partners throughout the process, and we look forward to our ongoing collaboration.” Shawn Lytle, President of Delaware Funds® by Macquarie and Head of Macquarie Group in the Americas, said, “We could not have found a better partner to work with than LPL. Together, we welcome the Ivy Funds shareholders to the Delaware Funds by Macquarie mutual fund family. We intend to deliver an exceptional client experience for both Waddell & Reed and LPL advisors and their clients as we seek to deliver investment excellence through an expanded set of capabilities across asset classes.” About LPL FinancialLPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to objective guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients. *Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine June 1996-2020)No. 1 provider of third-party brokerage services to banks and credit unions (2019-2020 Kehrer Bielan Research & Consulting Annual TPM Report) Securities and Advisory services offered through LPL Financial LLC, a registered investment advisor. Member FINRA/SIPC. We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website. About Macquarie Asset Management Macquarie Asset Management (MAM) is a specialist global asset manager, providing investment solutions across a range of capabilities including infrastructure & renewables, real estate, agriculture, asset finance, private credit, equities, fixed income and multi-asset solutions.As at 31 December 2020, MAM had $A550.9 billion of assets under management and over 1,900 staff operating across 20 markets in Australia, the Americas, Europe and Asia.MAM has been managing assets for institutional and retail investors since 1980 in Australia and in the United States, retail investors recognize Delaware Funds® by Macquarie family of funds as one of the longest standing mutual fund families, with more than 80 years in existence. Forward-Looking Statements Statements in this press release regarding LPL Financial Holdings Inc. (together with its subsidiaries, including LPL Financial LLC, the “Company” or “LPL Financial”) and its potential growth, business strategy and plans, including the expected benefits of LPL Financial’s acquisition of the wealth management business of Waddell & Reed Financial, Inc. (“Waddell & Reed”), the onboarding to LPL Financial’s platform of financial advisors affiliated with Waddell & Reed (“Waddell & Reed Advisors”) and client assets serviced by Waddell & Reed Advisors, and the Company’s collaboration with Macquarie, as well as any other statements that are not related to present facts or current conditions or that are not purely historical, constitute forward-looking statements. These forward-looking statements are based on the historical performance of the Company and Waddell & Reed and the Company’s plans, estimates and expectations as of April 30, 2021. Forward-looking statements are not guarantees that the future results, plans, intentions or expectations expressed or implied by the Company will be achieved. Matters subject to forward-looking statements involve known and unknown risks and uncertainties, including economic, legislative, regulatory, competitive and other factors, which may cause levels of client assets serviced or transitioned to LPL Financial’s platform, or actual financial or operating results, levels of activity or the timing of events, to be materially different from those expressed or implied by forward-looking statements. In particular, the Company can provide no assurance that the client assets reported as serviced by Waddell & Reed Advisors will translate into assets serviced by LPL Financial, that Waddell & Reed Advisors will join LPL Financial, or that the benefits that are expected to accrue to LPL Financial and its advisors and stockholders as a result of the transactions described herein will materialize. Important factors that could cause or contribute to such differences include: difficulties and delays in onboarding the Waddell & Reed Advisors or client assets of Waddell & Reed Advisors; the inability of the Company to fully realize revenue or expense synergies or the other expected benefits of the acquisition of Waddell & Reed’s wealth management business, which depend in part on the Company’s success in onboarding assets currently served by Waddell & Reed Advisors; disruptions of the Company’s or Waddell & Reed’s business due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with its financial advisors and their clients- the choice by clients of Waddell & Reed Advisors not to open brokerage and/or advisory accounts at LPL Financial or move their assets from Waddell & Reed to LPL Financial; unforeseen liabilities arising from the acquisition of Waddell & Reed’s wealth management subsidiaries; changes in general economic and financial market conditions, including retail investor sentiment; fluctuations in the value of assets under custody; effects of competition in the financial services industry, including competitors’ success in recruiting Waddell & Reed Advisors; and the other factors set forth in Part I, "Item 1A. Risk Factors" in the Company's 2020 Annual Report on Form 10-K and any subsequent SEC filing. Except as required by law, the Company specifically disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release, even if its estimates change, and you should not rely on those statements as representing the Company's views as of any date subsequent to the date of April 30, 2021. Investor Relations – Chris Koegel, (617) 897-4574Media Relations – Lauren Hoyt-Williams, (813) 351-9203investor.lpl.com/contact-us
Macquarie Asset Management (MAM), the asset management division of Macquarie Group (ASX: MQG; ADR: MQBKY), today announced the completion of its acquisition of Waddell & Reed Financial, Inc. (NYSE: WDR), one of the oldest asset and wealth management companies in the United States.
18 Apr, 2021
(Bloomberg) -- Macquarie Group Ltd. is nearing an agreement to take Australian waste management company Bingo Industries Ltd. private, according to people familiar with the matter.An announcement could come as soon as this week, said the people, who asked not to be identified as the discussions are private. Talks are in an advanced stage but could still be delayed or fall apart, the people said.In January, a consortium that was comprised of Macquarie Infrastructure Real Assets and Australian buyout firm CPE Capital offered A$3.50 in cash for each Bingo share in a $1.8 billion deal. CPE Capital dropped out from the negotiations recently, according to the people.Representatives for Bingo and Macquarie declined to comment. A representative for CPE Capital didn’t immediately respond to an emailed request for comment on Sunday.With origins as a family owned dumpster business in Western Sydney, Bingo now operates the largest network of recycling and resource recovery centers in the states of New South Wales and Victoria, according to the company’s website.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
16 Apr, 2021
(Bloomberg) -- British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group.Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they perceived to be problems in bills of lading – shipping receipts that give the holder the right to take possession of a cargo – or other paperwork provided by Liberty, according to interviews with 18 people directly involved in the trades, as well as internal communications seen by Bloomberg News. The banks include Sberbank PJSC, Macquarie Group Ltd., Commonwealth Bank of Australia and ICBC Standard Bank. Goldman Sachs Group Inc. also stopped working with Gupta’s companies around that time.In 2018, Sberbank sent a team to scour the brightly colored containers stacked in the port of Rotterdam, looking for the ones full of nickel that the bank had financed on behalf of Liberty. Yet each time investigators located one of the containers, they found it had already been emptied, according to two people involved in the matter. After checking about 10 of them, they gave up, the people said. Sberbank confronted Gupta at a meeting weeks later. He promised that his company would pay back the roughly $100 million it owed, the people said.“At some point certain discrepancies were spotted within documentation and logistical data, which made Sberbank discontinue all operations with the company,” the bank said in an emailed statement. “The issue was settled in pre-trial format. Thanks to the existing control systems, we incurred no financial losses through these operations and managed to unwind all transactions in the spring of 2019.”GFG Alliance, which is made up of the companies controlled by Gupta and his family, including Liberty, said in an emailed statement sent by a spokesman that it refutes any suggestion of wrongdoing.“An internal investigation was conducted in 2019 by Liberty Commodities Limited (LCL)’s external legal advisors following enquiries regarding alleged rumours of double pledging,” GFG Alliance said in the statement. “The investigation found no evidence to substantiate the rumours, nor was LCL ever subject to further complaints or proceedings.”Double pledging is the practice of improperly raising funds more than once using the same collateral. As several banks dropped Gupta’s commodity trading unit, GFG Alliance came to rely more on Greensill Capital for loans – ultimately racking up debts of nearly $5 billion to Lex Greensill’s trade finance company by March 2021, according to a presentation seen by Bloomberg News. Gupta’s commodity trading business alone has $1.04 billion of debt, of which $846 million is owed to Greensill, according to the presentation. “LCL has ongoing banking relationships with separate financial institutions,” GFG Alliance said in the statement. “Its reliance on Greensill was a natural consequence of the competitive nature of the trade finance market, which has been hugely challenging for all but the very largest commodities traders in recent years.”Now, with Greensill in insolvency and its German subsidiary under a criminal complaint after the regulator said it found irregularities in how the banking unit booked assets tied to GFG Alliance, Gupta is trying to find new financing. But it’s been tough. After Gupta searched for would-be financial backers for weeks, Credit Suisse Group AG – which became a major lender to Gupta’s companies by buying debt packaged by Greensill – moved last month to push Liberty Commodities Ltd. into insolvency. Gupta said in interviews on BBC Radio 4 and Sky News on April 1 that the action made no sense and that he’d litigate it if needed.Lending RisksTraders in the world of commodities have long relied on banks to help finance the flow of goods on their journey from origin to destination. From the banks’ point of view, this type of financing is generally considered low risk. Should the trader run into financial difficulties, the bank can seize its collateral – the cargo – and easily recoup its money. That holds true so long as the shipping paperwork used, such as a bill of lading, is accurate.ICBC Standard Bank stopped financing Liberty’s commodity trading unit by early 2016, after discovering it had presented the bank with what seemed to be duplicate bills of lading, according to two people with direct knowledge of the matter. Commonwealth Bank of Australia pulled the plug on lending to Gupta’s trading business the same year after the bank financed a cargo of metal for Liberty, only to be presented with what appeared to be the same bill of lading a short time later by another trader seeking a loan, according to three people directly involved.Then, in late 2016, Goldman Sachs, which had extended a credit line of about $20 million to Liberty to finance its nickel trade, stopped dealing with Gupta’s trading company after being warned of alleged paperwork problems by a contact in the warehousing industry, according to three people familiar with the matter.Spokespeople for Goldman Sachs, Commonwealth Bank of Australia and ICBC Standard Bank all declined to comment.“No financial institution has been left out of pocket as a result of lending money to LCL,” GFG Alliance said in the statement, referring to Liberty Commodities Ltd. “On the contrary, they have received substantial commercial returns.”By 2016, Liberty had already become one of the world’s largest traders of nickel, according to an interview with Gupta in Metal Bulletin. Still, Liberty’s containers of nickel would sometimes take an unusually long time to travel between Europe and Asia – instead of the normal sailing time of about one month, the voyage would take several months, stopping off at ports along the way for weeks at a time, six people said.Metals trader Red Kite Capital Management, which also cut ties with Liberty, did so because it had become “uncomfortable” with some of the trades, said Michael Farmer, the company’s founder who is also a member of the U.K’s House of Lords. “It was difficult to work out the commercial sense of some of the shipments, which resulted in our decision to err on the side of caution and discontinue such trades,” said Farmer, who is one of the world’s best-known metal traders. “We had no proof of any misdoings.”Savior of SteelGupta was born in Punjab, India, the son of a bicycle manufacturer. He moved to the U.K. as a teenager to attend boarding school and set up Liberty House, his commodities trading business, in 1992 while he was still an undergraduate student at Trinity College, Cambridge. He first hit the headlines in Britain in 2013 when he bought a troubled steel mill in Newport, South Wales, and restarted production at a time when many other steel plants were being closed down. He went on to buy a string of other struggling steelworks, earning him the nickname “the savior of steel.”Gupta’s GFG Alliance isn’t a consolidated group, but a loose conglomerate of more than 200 different entities. The common thread running through both sides of his business, according to six former employees, was a chronic shortage of cash and intense pressure to find new ways to generate financing.On the industrial side of the business, that meant buying one asset after another in rapid succession, including unloved aluminum and steel plants in Yorkshire, England, northern France and South Australia, then borrowing against the business’s own inventory, equipment and customer invoices, often from Greensill.On the trading side of the business, that often meant nickel. Used as an alloying element in the production of stainless steel, nickel is among metals deliverable on the London Metal Exchange, which means that its price can easily be hedged and that banks are usually willing to lend against it; and nickel is expensive, meaning a relatively small amount of space in a ship can hold a valuable cache of metal.The commodity trading business grew rapidly. Revenue rose to $8.41 billion in the 15 months to March 2019, from $1.67 billion in 2012, according to the accounts of Liberty Commodities Group Pte, a Singapore holding company for the trading operations.Delayed DeliveryMacquarie became concerned about the paperwork underpinning some of Liberty’s trades some four years ago, according to four people with direct knowledge of the events as well as written communications seen by Bloomberg News.In one instance, the bank realized that nickel that it was supposed to have received in Antwerp, according to the shipping documentation, wasn’t at the port, according to two people. Liberty eventually delivered the nickel to Macquarie, but at a different port and about two weeks later than was listed in the paperwork.It wasn’t the only time Macquarie’s team had discovered discrepancies in Liberty’s paperwork, the people said.At a meeting in Macquarie’s London offices, executives from the bank grilled Gupta and his top lieutenants about the inner workings of the commodity trading business, three of the people said. Macquarie remained unsatisfied with the explanations, and by mid-2017, the bank had made the decision to stop all financing for Liberty, the people said.A spokesman for Macquarie declined to comment on the matter.After that banking relationship ended in acrimony, Gupta’s companies turned to Sberbank. When that link, too, soured, they became even more reliant on Greensill.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
08 Apr, 2021
(Bloomberg) -- The surprise takeover bid for Toshiba Corp. is a palpable demonstration of the growing influence in corporate Japan of activist investors, who have gone from largely impotent onlookers to kingmakers in the space of just a few years.The offer from CVC Capital Partners, while still in the early stages, comes just weeks after Toshiba Chief Executive Officer Nobuaki Kurumatani lost a landmark shareholder vote, forcing an independent investigation into alleged issues with voting at its annual general meeting last year.That loss has piled pressure on Kurumatani, who barely won re-election at last year’s meeting and is seen as unlikely to survive another. The vote was triggered by Toshiba’s largest shareholder, the secretive Singapore-based hedge fund Effissimo Capital Management.Any deal for Toshiba faces legal hurdles, and analysts say that investors such as Effissimo would likely insist on a substantial premium from Tuesday’s closing price. But the episode shows that the influence of activism in Japan is becoming hard to deny.“There have been false dawns before,” said Justin Tang, head of Asian research at United First Partners in Singapore. “But activism is taking hold now.”Flexing MusclesCVC offered about 5,000 yen per share in its buyout proposal, according to a Toshiba executive. A bid at that level would value Toshiba at about 2.28 trillion yen ($20.7 billion) and represent a 31% premium to its last close before news of the bid emerged, data compiled by Bloomberg show.That would make it the largest private equity-led buyout since 2013, and CVC’s biggest acquisition on record. Toshiba’s board plans to form a special committee to consider the proposal, said the executive, who asked not to be identified discussing confidential information.While there are many hurdles to a deal taking place, Toshiba shares rose by their daily limit of 18% to 4,530 yen per share at the close Wednesday in Tokyo. The stock gained as much as 5.7% more on Thursday.“Considerable value would be created simply by simplifying ownership and clarifying governance by taking the company private,” said Nicholas Benes, an expert on Japanese corporate governance. “Precisely because of that, one would very much hope that this is a case where Toshiba will be open to other bids, by both other PE firms as well as strategic acquirers.”Activist investors have increasingly been flexing their muscle in Japan in recent years, as corporate governance reforms promoting shareholder value have meant management can no longer dismiss such pressure. Tokyo Dome Corp. will be delisted this month after acquisition by a white knight last year to fend off pressure from activist investor Oasis Management Co.Once a storied name in Japan, Toshiba has faded dramatically since its glory days after years of management missteps and scandal. The conglomerate invented flash memory three decades ago, but it was forced to sell most of its prized chip business in 2018 because of losses in its nuclear-power operation. That deal led to an infusion of cash -- but also a large contingent of more vocal shareholders. Last week, Singapore fund 3D Investment Partners became the latest investor to say it may make make proposals to management, boosting its stake to more than 7%.“Any successes of this nature will probably snowball and lead to more activity,” said Damian Thong, an analyst at Macquarie Group Ltd. “There is a sense that a large part of Japan’s industrial base is being run inefficiently, resulting in apparent undervaluation of Japanese conglomerates.”Kioxia OptionsOne open question for Toshiba is the future of Kioxia Holdings Corp., its former memory-chip division in which its still holds the biggest stake. Kioxia is focused on going public as soon as this summer in an IPO that could value the business at more than $36 billion, Bloomberg News reported last week. Alternatively, Micron Technology Inc. and Western Digital Corp. are each to be interested in acquiring the firm, the Wall Street Journal reported.If Toshiba secures a reasonable market valuation for Kioxia, and its core businesses attract multiples similar to those of its Japan peers, Thong said he sees scope for over 1 trillion yen of shareholder value creation. That would imply a Toshiba share price of over 6,500 yen per share, compared with the CVC offer at 5,000 yen apiece.Mio Kato of LightStream Research sees a low possibility of the deal going through under current terms, and expects volatile trading for Toshiba’s shares in the near term depending on how things develop. Toshiba’s shareholders, especially activists, will want a rather “steep price,” he wrote in a note published on SmartKarma.Given the sensitivity around several of Toshiba’s bushinesses, including its deep involvement in decommissioning the wrecked Fukushima Dai-Ichi nuclear power plant, government approval would be required for the deal, Chief Cabinet Secretary Katsunobu Kato said Wednesday.It’s unclear if a foreign firm such as CVC would be allowed to take control of Toshiba. The relationship between CVC and Toshiba executives -- with Kurumatani a former Japan president and external director Yoshiaki Fujimori still employed by the firm -- has also raised eyebrows.“This could simply be an attempt to buy time for Kurumatani,” Kato said.(Updates with share move in eighth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
25 Mar, 2021
The sale of Italy's biggest independent gas storage facility has stalled after a bid by Australia's Macquarie of more than one billion euros ($1.2 billion) failed to win over owner Morgan Stanley, three sources said. In November, Macquarie entered exclusive talks to buy Ital Gas Storage from Morgan Stanley Infrastructure Partners which owns 92.5% of the asset. A second source said Morgan Stanley would now take time to consider its options and whether to launch another sales process.
22 Mar, 2021
Hyper-efficient 110+ megawatt SYD2 grows AirTrunk’s Australian footprint to support cloud customers AirTrunk SYD2 Hyper-efficient 110+ megawatt SYD2 grows AirTrunk’s Australian footprint to support cloud customers SYDNEY, Australia, March 23, 2021 (GLOBE NEWSWIRE) -- Asia-Pacific hyperscale data centre specialist, AirTrunk today announced the opening of its second Sydney data centre in the city’s north, AirTrunk SYD2, to support the growth of cloud customers. SYD2, with more than 110-megawatts (MW) of capacity, will be one of the largest single-campus data centres in the Asia-Pacific region, along with sister facilities in Western Sydney (130+MW) and Melbourne (130+MW), taking AirTrunk’s total capacity in Australia to over 370MW. Adding to its expanding Asia-Pacific hyperscale data centre platform, the opening of the SYD2 campus follows the company’s dual data centre launch in Hong Kong and Singapore in December 2020. Since its first data centre opened in September 2017, AirTrunk now operates five data centres offering a unique Asia-Pacific platform with unmatched scale, speed, efficiency and reliability to all major global public cloud customers. When its Tokyo data centre is unveiled later this year, the total capacity of the platform will grow to over 750MW across five tier-one markets. Fuelled by accelerated cloud adoption, SYD2 demonstrates the continued customer demand for AirTrunk’s market-leading digital infrastructure by the world’s largest technology companies. Founder and CEO of AirTrunk, Robin Khuda, said today’s opening is yet another milestone for the company and would allow unprecedented scale for AirTrunk’s customers in the Sydney market. “Throughout the Asia-Pacific region we’re delivering hyperscale data centre campuses at accelerated speed to enable the growth of the digital economy,” said Khuda. Strategically located in major cloud availability zones and well connected to telecommunications infrastructure, SYD2 will offer cloud service providers customised and scalable capacity in the northern suburbs of Sydney. Powered by a dedicated 200MVA 132kV substation - one of the largest substations in the state of NSW – the reliable power infrastructure will deliver 100% availability and cost-effectiveness for customers. “SYD2 has all the hallmarks of AirTrunk’s state-of-the-art data centres, and we are well-positioned to offer the scale and service that our global customers need now and into the future,” said Khuda. Nestled into the landscape across 3.95ha of land, AirTrunk has created a sustainable environment, ensuring the protection of the unique and sensitive local environment while accommodating this significant development opportunity. SYD2 has been designed to an industry-low power usage effectiveness (PUE) of 1.15. To deliver this efficiency, AirTrunk developed a range of innovations including an industry-first cooling solution that optimises efficiency using real-time weather data analysis. This cooling solution is AirTrunk’s most energy-efficient deployment to date and also consumes 90% less water annually than traditional cooling solutions. Damien Spillane, Chief Technology Officer added, “AirTrunk is committed to championing sustainability and our team are constantly innovating to improve data centre efficiency. We’re designing hyperscale data centres, like SYD2, that are significantly more energy efficient than traditional on-premise data centres, reducing total emissions and the impact on the environment.” The first of SYD2’s four phases opened today, and AirTrunk is ready to scale out the data centre to over 110MW of total capacity to support customer growth. Built in just 35 weeks, record time despite COVID-19 impacts, the construction of Phase One involved over 2,800 people and 400,000 work hours. AirTrunk’s continued emphasis on ensuring the safety of its people, customers and partners has resulted in no lost time injuries during the project. The significant investment in critical digital infrastructure has brought material benefits to the local economy including hundreds of jobs during construction and on-going operations. A ceremony was held at SYD2 with a Welcome to Country by Yvonne Weldon, Chairperson of Metropolitan Local Aboriginal Land Council Sydney and the data centre was officially opened by The Hon. Anthony Roberts MP, Member for Lane Cove. About AirTrunk AirTrunk is a best-in-class hyperscale data centre specialist creating a platform for cloud, content and large enterprise customers across the Asia-Pacific region. The company develops and operates data centre campuses with industry leading reliability, technology innovation and energy efficiency. AirTrunk’s unique capabilities, designs and construction methodologies allow it to provide customers with a scalable and sustainable data centre solution at a significantly lower build and operating cost than the market. A private company, AirTrunk is well capitalised to fund its development of data centres across Asia Pacific. In 2020, a consortium led by Macquarie Asia Infrastructure Fund 2 (MAIF2), and including Public Sector Pension Investment Board (PSP Investments), acquired a major stake in the business, investing alongside AirTrunk’s Founder and CEO Robin Khuda. MAIF2 is managed by Macquarie Infrastructure and Real Assets, one of the world’s leading alternative asset managers and part of the ASX-listed Macquarie Group Limited (ASX:MQG). For more information on AirTrunk, visit www.airtrunk.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1e31818-1df6-4416-8b81-b1ed3c710978 CONTACT: Media contact Katya Ginsberg katya@bastioneffect.com +61 405 073 304 Jack Power jack@bastioneffect.com +61 411 805 538
09 Mar, 2021
In this article, we will take a look at the 15 Most Valuable Australian Companies. You can skip our detailed analysis of Australia’s economy and go to the 5 Most Valuable Australian Companies. Australia proved to be one of the most resilient economies in the wake of the coronavirus crisis. The Australian Bureau of Statistics (ABS) announced […]
04 Mar, 2021
Exxon Mobil Corp is suing Australia's Macquarie Energy in a Texas court to avoid paying $11.7 million for missed deliveries during last month's winter freeze in the central United States. The lawsuit, filed by Exxon's natural gas business, said the massive storm and state declarations of emergencies prevented it from fulfilling its supply commitment to Macquarie Energy, the second largest U.S. gas marketer.
03 Mar, 2021
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
02 Mar, 2021
Carnival Corporation (NYSE: CCL) (NYSE: CUK) -- outperform. Royal Caribbean (NYSE: RCL) -- you guessed it. Macquarie's timing is curious, coming just one day after both Norwegian and Royal Caribbean both basically admitted they are starved for cash.
Shares of Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) are all gaining this morning after investment bank Macquarie Group (ASX: MQG) boosted their ratings to outperform. Paul Golding, a Macquarie analyst, laid out the overall cruise industry bull case in a research note.

MQG Dividend Payments

EX-Date Dividend Amount
2010-05-10$1.0596
2010-11-08$0.9112
2011-05-09$1.0596
2011-11-07$0.6887
2012-05-07$0.7947
2012-11-02$0.7947
2013-05-13$1.3244
2013-11-11$1.0596
2014-05-14$1.6000
2014-11-12$1.3000
2015-05-18$2.0000
2015-11-09$1.6000
2016-05-17$2.4000
2016-11-08$1.9000
2017-05-16$2.8000
2017-11-07$2.0500
2018-05-14$3.2000
2018-11-12$2.1500
2019-05-13$3.6000
2019-11-11$2.5000
2020-05-18$1.8000
2020-11-16$1.3500

MQG Dividends (last 11 Years)