I think there is a good case for upside on GMG, but not for the reasons of my fellow posters.
GMG has good exposure to Indian and Chinese econonomies and particularly logistics and warehousing activities into and out of these economies... if you want to measure the upturn in activity in take a look at the Baltic Dry Goods index.. a measure of shipping volumes and freight rates in the international trade movement... you'll be very surprised at the recovery, and I think this will feed directly into new development demand and rent rates in these economies.
I hope GMG do a raising... I hold and I want some more so the greater the discount to NTA the more of my rights I would take up.
$1 by july, page-9
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Last
$37.08 |
Change
0.090(0.24%) |
Mkt cap ! $70.88B | |||
| Open | High | Low | Value | Volume |
| $36.87 | $37.66 | $36.63 | $158.9M | 4.280M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23774 | $37.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.10 | 104 | 1 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| GMG (ASX) Chart |