GMG 0.24% $37.08 goodman group

gmg vs iif, page-11

  1. 927 Posts.
    lightbulb Created with Sketch. 596

    Nice post dead knick. I agree with your figures.

    The company has to endure this storm, which I believe they havn't really recognised is there yet (at least in their accounts). If BV's drop a further 25%, it puts them on 60% gearing. Too much is short term borrowing to cover long term holdings. Plus their hedging policy locks in, what are now high interest rates, for all of 2010.
 
watchlist Created with Sketch. Add GMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.