Having said this, don't forget GOZ is not a REIT of a mother company collecting fees. GOZ is the mother company (for Australia at least, its a subsidiary of a South African holding company). Therefore less leakage of management fees.
Yes debt is higher than I would like, but so is the discount to NTA (and without leakage of fees).
Given the half year results, I am happy to hold as part of a diversified portfolio.
My position is not concentrated (ie I am not betting all my eggs on this).
But as Warren Buffett says: 'one pays a high premium for sunny days' or words to that effect.
Ann: GOZ 1H24 Presentation, page-12
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Last
$2.29 |
Change
-0.040(1.72%) |
Mkt cap ! $1.726B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.33 | $2.29 | $580.4K | 252.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13539 | $2.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.30 | 413 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$2.29 |
Change
-0.040 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| $2.31 | $2.33 | $2.29 | 41215 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| GOZ (ASX) Chart |