Hmm, it's this kind of stuff that makes me consider some GMPPA...
But, I can see them just stepping up GMPPA and paying 2.9% forever... which, for a BBB- rated firm... isn't particularly good. I mean, the value is in conversion into $100... but, realistically, there's no reason for GMG to convert. It could easily only get to $80 before I need to sell to buy a house..... which is only about 25% higher than current market value... which isn't particularly good, considering firms such as Gunns...
I haven't read the prospectus... but I'm going to assume GMG is the only one that can force conversion...
I'm still considering it... and, announcements like this help... but, I think I'm leaning towards no.
Hmm, it's this kind of stuff that makes me consider some...
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Last
$35.46 |
Change
0.400(1.14%) |
Mkt cap ! $67.34B | |||
| Open | High | Low | Value | Volume |
| $35.56 | $35.77 | $35.33 | $75.78M | 2.136M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | $35.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.48 | 200 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| GMG (ASX) Chart |