Cadence Capital managing director Karl Siegling said he was optimistic on Macquarie's growth prospects especially in light of the interim result. "It is going to $100 in the next couple of months and over the next year between $105 and $110."
Cadence In The Press
AFR – Late rally propels ASX to another session of gains
Karl Siegling discusses the market pushing the 6,000 point barrier.
Late rally propels ASX to another session of gains
"Iron ore is in a decidedly downwards trend," said Mr Siegling. "It doesn't look like its got any reason to head higher in the short term and that's likely to weigh on resources stocks, but of course, Australian miners are quite diversified so there are plenty of...
AFR – Domino’s pizza short-sellers see ‘ridiculously expensive’ shares falling further
Chris Garrard from Cadence shorted the company at $70 in October 2016. "This is a very rough proxy, but if it's growing at 20%, it could move to a 20 P/E; then we'd see the stock coming down another $10."
AFR – Views diverge on Macquarie Group earnings despite tax impost
While some research analysts see the new bank taxes as yet another challenge for the sector, Cadence Asset Management's Karl Siegling shrugs off any concerns around the levies on Macquarie's bottom line. "The bank levies affect a small percentage of Macquarie's...
AFR – Is a short squeeze in silver imminent?
"At the moment, silver doesn't seem to be seen as a proxy for certainty at all, not in the way that gold does," says Karl Siegling, portfolio manager at Cadance Capital. But should the silver price head north, traders might experience a protracted, short squeeze.