announcement, page-2

It was ok, a 4.2 cents isn’t too bad. If they can acheied their planned asset sales then SP will recover, new NTA valuation is $3.68 current SP is $1.61 so still cheap. I like it when he said ““GPT is currently trading at a discount to NTA of approximately 50%, which we regard as unsustainable given the quality of GPT’s underlying asset base. The initiatives outlined today, while likely to take some time to execute, are consistent with the objective of GPT’s management team and Board of pursuing a strategic direction that will deliver long-term value for securityholders.”.

MGR trading on an asset of $3.77 current sp $2.78.

*DJ GPT Group 1H Net Loss A$68M
*DJ GPT Group: A$122M Writdown Of Goodwill on GPT Halverton
*DJ GPT Group: A$222M Net Reduction In Asset Valuations
*DJ GPT Group: 1H Distribution Per Security 11.4 Cents
*DJ GPT Group: Revises Distribution Policy
*DJ GPT Group: Plans A$1.7B Non-Core Asset Sales
*DJ GPT Group 1H Realized Operating Income A$234M Vs A$297M