This stock was enthusiastically promoted as a well managed ,safe, yield stock
only a month or so ago by an analyst for a substantial fund manager at $2.90
with an expected distribution of 14c with growth potential.
Living in a retirement village with monstrous fees and an overbearing operator
to whom promises don't need to be kept once they have your money, the manufactured home sector should have a great future with a substantial advantage . This was what enticed me to invest without doing my own research in more depth.
Have been trying to get out from about $2.70 but the fall was too quick for a limit order.
Finally made it today at about 30c less and a loss in the thousands.
Quite obviously, some were aware of the pending results given the falls over the last few days.
It's not a good look.!
If my quick look at the report today is correct, NTA is only about $1.40 per share!
This stock carries a huge goodwill figure in the balance sheet which will always be a drag on returns per share.
Might be value under $2,but I would not go back again given the lingering bad taste.
Its a good example of the frequently seen phrase in HC-------
"my opinion only, do your own research"
pargolf
- Forums
- ASX - By Stock
- GTY
- Ann: Appendix 4E and Preliminary Financial Report FY16-GTY.AX
Ann: Appendix 4E and Preliminary Financial Report FY16-GTY.AX, page-7
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GTY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online