These brokers are all over the shop?Citi rates GMG as Buy,...

  1. 656 Posts.


    These brokers are all over the shop?

    Citi rates GMG as Buy, Speculative Risk - Given the current share price and pending refinancing deadline of May 2009 for $460m, the broker expects management will likely cut the 2HFY09 distribution to a point where there is sufficient capital to support the balance sheet leading up to the refinancing deadline. Buy and target maintained.

    Target price is $0.40 Current Price is $0.30 Difference:$0.10 - (brackets indicate current price is over target). If GMG meets the Citi target it will return approximately 33% (excluding dividends, fees and charges - negative figures indicate an expected loss).

    The company's fiscal year ends in June. Citi forecasts a full year FY09 dividend of 12.70 cents and EPS of 18.20 cents. At the last closing share price the estimated dividend yield is 42.33%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 1.65.

    Market Sentiment: 0.4
 
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(20min delay)
Last
$34.35
Change
-0.045(0.13%)
Mkt cap ! $70.24B
Open High Low Value Volume
$34.20 $34.47 $34.14 $14.45M 420.8K

Buyers (Bids)

No. Vol. Price($)
2 655 $34.34
 

Sellers (Offers)

Price($) Vol. No.
$34.35 724 5
View Market Depth
Last trade - 10.55am 17/09/2025 (20 minute delay) ?
GMG (ASX) Chart
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