BDTigers I can see a number of things which are possibly hampering price:
1. Dividend Yield: Distribution is 7.2c (currently) on share price of 72c = 10% vs GMG 19.6c on 90c = 22%
2. Prospectus notes GPT does not want any offshore exposure and wants to sell down assets to decrease gearing. Existing Offshore = $1.7Bn therefore distributions received will fall on sale and dependent on sale price may affect %NTA will affect $NTA.
3. B&B are not flavour of year.
4. Shake up of board is always a negative vs GMG stable board.
please explain, page-3
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Last
$4.67 |
Change
0.020(0.43%) |
Mkt cap ! $8.945B | |||
| Open | High | Low | Value | Volume |
| $4.67 | $4.70 | $4.63 | $24.76M | 5.302M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 66896 | $4.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.67 | 63785 | 2 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| GPT (ASX) Chart |