Dead, simply look at the volumes. Of course that will generate fear. This is a highly geared property trust, take a look around at CNP, CER, VPG etc. Its not pretty. This downward movement could simply be from 1 large insto dumping. It could bounce like AIO if their is no fundamental reason for the dump.
I'm happy with a 7.5% return in 45 minutes, thats a good enough distribution for me.
wording of distribution announcement, page-11
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Last
$34.58 |
Change
-1.860(5.10%) |
Mkt cap ! $65.67B | |||
| Open | High | Low | Value | Volume |
| $35.55 | $35.66 | $34.58 | $121.7M | 3.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 660 | $34.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.73 | 660 | 4 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| GMG (ASX) Chart |