Mirvac Group Stock Forum

$Mirvac Group (MGR.AU)$ shares fell 8.5% after reporting a loss of $805 million for last financial year. A $1.1bn write down of it’s office portfolio was the major reason behind it. Management also warned about squeezing margins on some projects, so thinks next years operating profit will come in lower.
MGR is trading at $1.93 Vs NTA of $2.36, there is some value to be had, but it’s not for me at this stage.

Property stocks were the worst performers in the ASX 200, however most of them went ex-dividend. Mirvac ( $Mirvac Group (MGR.AU)$ ) shares for example fell 11.5c or 5.97% but paid out a 6c dividend – so in reality shareholders were only down 5.5c or about 3%.
Generally when a company goes ex-dividend it will fall by at least the amount that is being paid out. That is because the company’s bank balance and hence it’s worth will also fall by the dividend amount. $S&P/ASX 200 (.XJO.AU)$

• Top gainers: $Telix Pharmaceuticals Ltd (TLX.AU)$, $Light & Wonder Inc (LNW.AU)$, $Mirvac Group (MGR.AU)$
• Top losers: $Beach Energy Ltd (BPT.AU)$, $QBE Insurance Group Ltd (QBE.AU)$, $Reliance Worldwide Corp Ltd (RWC.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.1% lower at 7769.7, giving back some of the gains from the previous day. Despite a positive lead by U.S. equities, the benchmark index spent most ...

• Top gainers: $BSP Financial Group Ltd (BFL.AU)$, $Megaport Ltd (MP1.AU)$, $Pro Medicus Ltd (PME.AU)$
• Top losers: $ALS Ltd (ALQ.AU)$, $Life360 Inc (360.AU)$, $Liontown Resources Ltd (LTR.AU)$
Australia's $S&P/ASX 200 (.XJO.AU)$ ended 0.5% higher at 7811.9, just short of a record closing level. Ten of eleven sectors finished higher, as the benchmark index rebounded from Friday's 0.15% slip.
Real estate was the strongest performer at t...

• Top gainers: $SkyCity Entertainment Group Ltd (SKC.AU)$, $Credit Corp Group Ltd (CCP.AU)$, $Tabcorp Holdings Ltd (TAH.AU)$
• Top losers: $Chalice Mining Ltd (CHN.AU)$, $Alumina Ltd (AWC.AU)$, $Centuria Capital Group (CNI.AU)$
$S&P/ASX 200 (.XJO.AU)$ closed 1.2% lower at 7588.2, pulling back from the previous session's record close following comments by Fed Chair Jerome Powell that a March interest-rate cut looks unlikely.
All 11 ...

• Top gainers: $IRESS Ltd (IRE.AU)$, $Imugene Ltd (IMU.AU)$, $Mirvac Group (MGR.AU)$
• Top losers: $Summerset Group Holdings Ltd (SNZ.AU)$, $Judo Capital Holdings Ltd (JDO.AU)$, $Paladin Energy Ltd (PDN.AU)$
$S&P/ASX 200 (.XJO.AU)$ closed 0.7% higher at 7087.3, with losses in utility stocks offset by strong outings from industrial, technology and financial shares.
The major banks rose between 0.8% and 1.3%, while $Macquarie Group Ltd (MQG.AU)$ gained 2....

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• Top gainers: $IDP Education Ltd (IEL.AU)$, $Super Retail Group Ltd (SUL.AU)$, $Beach Energy Ltd (BPT.AU)$
• Top losers: $Megaport Ltd (MP1.AU)$, $Liontown Resources Ltd (LTR.AU)$, $Imugene Ltd (IMU.AU)$
- moomoo News AU
$S&P/ASX 200 (.XJO.AU)$ closed 0.6% lower at 6812.3, falling to a fresh 12-month low amid growing expectations of further interest-rate...

G'day, mooers! Check out the latest news on today's stock market!
• Top gainers: $Healius Ltd (HLS.AU)$, $Novonix (NVX.AU)$, $Brambles Ltd (BXB.AU)$
• Top losers: $Chalice Mining Ltd (CHN.AU)$, $Boral Ltd (BLD.AU)$, $Flight Centre Travel Group Ltd (FLT.AU)$
- moomoo News AU
The $S&P/ASX 200 (.XJO.AU)$ rose 1.2 per cent, or 87.2 points to 7297.7 at the closing bell, after July inflation cooled more than expected, taking further pressure off the Res...