Macquarie Group: Result 2013

With a 67% increase in the final dividend and the stock up 88% since his Strong Buy recommendation, Nathan Bell takes the chance to prove he’s no tool.

Macquarie Group’s share price has spiked 11% following the announcement of its full year results (the company has a 31 March year end), and is now up 116% since reaching a low of $19.94 on 26 September 2011.

Since upgrading to a Strong Buy in Chaos amid the storm: The upgrades on 5 Aug 11 (Strong Buy – $22.97), it has risen 88%.


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