McGrathmageddon is a national harbinger

Friday, 28 April 2017

It’s the share price crash that keeps on giving, yesterday hitting a new closing low of 59 cents, now down 72% from float:

The new trigger appears to have been this story:

Speculation is mounting that more of McGrath Estate Agent’s franchisees are heading for the door as the share price of the listed real estate chain continues to languish.

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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.