I have had several thoughts about this stock - most of them unchanging - if you are interested to read all the numerical analysis, just search for posts by me - most of them will be here.
To summarise in any event:
- I have been accumulating since mid 2008.
- I have participated in all rights issues since then
- the value of the stock (taking account of discounted rights issues) is LARGELY UNCHANGED over my investment horizon
- the intrinsics of the company are far better now than they were due to a more stable balance sheet
- the exclusion of all other earnings sources apart from rental over the past period has increased the earnings multiple to a level I am uncomfortable with for such a non-growth business
- I personally am unable to place an accurate valuation on the assets, therefore I value the company based on real ability to earn repeatedly and do not factor in at this point asset price fluctuations.
I am no longer accumulating the stock. I consider it fair value at the moment. Its yield however is nearly double that of a bank, and I believe that the beefed up balance sheet, and lack of news / ship changing directions along with a simplified business has attracted stability. This is good for continued yield.
Main items that may alter the SP in the short-medium term are unchanged and include:
- the big 3 shareholders wanting more or less of the company
- a favorable/unfavorable earnings report (I expect that the company will manage to artificially increase its earnings significantly this period as a result of various hedging and currency plays - personally I ignore such movements, but the schools of fish looking for a feed may not)
- higher/lower than expected sales/acquisitions of assets
The restructuring of the number of shares etc may have some impact but really should be minimal and is what I call noise.
Bottom line: Term deposit with better terms, possibility of capital upside, lesser possibility (in my view) of downside.
Feens.
- Forums
- ASX - By Stock
- GPT
- thought about this stock!!!
thought about this stock!!!, page-10
Featured News
Add GPT (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.84 |
Change
-0.010(0.21%) |
Mkt cap ! $9.271B |
Open | High | Low | Value | Volume |
$4.85 | $4.86 | $4.76 | $33.38M | 6.923M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | $4.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.85 | 39568 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 4.840 |
2 | 34021 | 4.820 |
1 | 4021 | 4.810 |
5 | 88745 | 4.800 |
4 | 47854 | 4.790 |
Price($) | Vol. | No. |
---|---|---|
4.850 | 39568 | 4 |
4.860 | 62458 | 3 |
4.870 | 20012 | 1 |
4.880 | 14021 | 2 |
4.890 | 4116 | 2 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
Featured News
GPT (ASX) Chart |
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online