The fat McGrath turkey waddles into view

Advertisement

From The Australian comes the fattened McGrath turkey:

McGrath Estate Agents has appointed Daniel Petre to its board as the company ramps up plans to float as a public company by Christmas.

…It comes as the company prepares to release research on the deal, which is expected to value the company at more than $200m, as early as next week.

The official management roadshow for the real estate chain is earmarked to start during Melbourne Cup week in November, with meetings first held in Asia before Australia.

Betting on a Melbourne Cup interest rate cut, John? Badly missing the Sydney real estate peak is not a good look so yoking your marketing with a bit of racing carnival and monetary fever is no bad thing.

Bring it so we can get shorter than Danny De Vito.

Advertisement
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Advertisement