Thanks MM
When I saw MM posting on the GMG thread I was delighted to open your post.............but alas it was a question...
Here is my answer..............
As I have said before I look forward to reading your posts because they have so much meat in them.....
To your question
I have watched GMG (it had different names) for quite awhile.
It rapidly got past what I wanted to pay for it.
And then last year it stated falling.
I know people that work in GMG (middle management) and I have noted that they never say anything bad about the CEO etc so I presumed it was being managed ethically.
When the SP dipped below $1 and with the div so good I felt now was the time to study the company and start a position.
They have most of their assets /business in Asia.
While the div may be cut tomorrow, I do believe that the SP will move up.
I have noticed that your sentiment is against REITS.
You famously called a situation where you said it was a chance to get out of WDC
Anyway...to cut the wandering short and succinctly.....
(1) I knew the company
(2) Even though the company debt, it seemed to be managed
(3) Mark to market accounting requirements produced a statutory loss
(4) 92% long leases in prime industrial sites in Aust, NZ, Asia, UK (YUK) and Europe
(5) We will come out of the recession/depression sometime
(6) A good div
(7) CONTRARION INVESTING
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Last
$36.64 |
Change
-0.040(0.11%) |
Mkt cap ! $70.04B |
Open | High | Low | Value | Volume |
$36.73 | $36.89 | $36.43 | $129.5M | 3.533M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 8052 | $36.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$36.77 | 7566 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 8052 | 36.620 |
2 | 7436 | 36.590 |
1 | 7432 | 36.560 |
1 | 24980 | 36.540 |
1 | 7432 | 36.530 |
Price($) | Vol. | No. |
---|---|---|
36.770 | 7432 | 1 |
36.790 | 621 | 1 |
36.800 | 7432 | 1 |
36.810 | 620 | 4 |
36.830 | 7432 | 1 |
Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
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