Having said this, don't forget GOZ is not a REIT of a mother company collecting fees. GOZ is the mother company (for Australia at least, its a subsidiary of a South African holding company). Therefore less leakage of management fees.
Yes debt is higher than I would like, but so is the discount to NTA (and without leakage of fees).
Given the half year results, I am happy to hold as part of a diversified portfolio.
My position is not concentrated (ie I am not betting all my eggs on this).
But as Warren Buffett says: 'one pays a high premium for sunny days' or words to that effect.
Having said this, don't forget GOZ is not a REIT of a mother...
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Last
$2.37 |
Change
-0.010(0.42%) |
Mkt cap ! $1.786B | |||
| Open | High | Low | Value | Volume |
| $2.38 | $2.41 | $2.35 | $2.859M | 1.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15083 | $2.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 24274 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| GOZ (ASX) Chart |