Anything that bends the rules with these guys is possible. GMG Board are the non-disclosure, leakers to institutional investor experts.
With regards to Distributions (not Dividends - This is a Trust vehicle) they will be made half yearly and the total is 19.3c per annum per security held. Now I did read somewhere what the split was but can not lay my hands on it.
Sure it may get a slight kick up from the CNP restructure which itself will dwindle off but lets look at GMG. In short this company is being hit from all sides:
1. Currency Risk
2. Market Risk (Sovereign and Capital)
3. Leverage Risk (35% Leverage is nonsense measure Debt + Other Liabilities / Investments... then Leverage = 4,229+735 / 6,406 = 77.5% <= THIS IS TRUE LVR)
4. Compounding Leverage Risk is decrease in values - this is caused by the deleveraging effect of others in the market.
5. Income Risk - Customers leaving or being forced from the market is decreasing revenue from the properties. Developments are not occuring and fees for service and new prospectuses shelved.
6. Asset Realisation Risk - Decrease in values = decrease in Net Assets.
7. Litigation I am sure is going to impact this company down the track.
GMG Price at posting:
47.2¢ Sentiment: LT Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)