Macquarie Capital to educate markets on asset potential
(8 March 2006 – Australia) Macquarie Bank cashbox investment fund Macquarie Capital Alliance Group (MCAG) has posted a net loss of A$20.14 million for the half year to December 2005.
MCAG listed in April 2005 following a A$1 billion initial public offering.
MCAG is focussing on the aged care sector in Australia, media services in the UK, and telephone directories in the European market.
MCAG chief executive Michael Cook said all sectors had excellent growth potential, high barriers to entry, and that investments had performed in line with or better than expectations.
Cook said a major focus for MCAG was to increase market understanding of the assets in its portfolio through a series of initiatives.
These included the release of a detailed fact sheet about the assets and sectors in which they operated, and an investor roadshow in Australia, Europe and North America later in the year.
"We also anticipate that additional analyst coverage will commence shortly," Cook said.
MCAG is focussing on the aged care sector in Australia, media services in the UK, and telephone directories in the European market.
MCAG chief executive Michael Cook said all sectors had excellent growth potential, high barriers to entry, and that investments had performed in line with or better than expectations.
Cook said a major focus for MCAG was to increase market understanding of the assets in its portfolio through a series of initiatives.
These included the release of a detailed fact sheet about the assets and sectors in which they operated, and an investor roadshow in Australia, Europe and North America later in the year.
"We also anticipate that additional analyst coverage will commence shortly," Cook said.
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