I have to say the last few days is pretty hard for investors including myself, who would have thought the financial market can deteriorate to this level.
What surprises me is that out of GPT’s piers (MGR, SGP, LLC, GMG), we have seen to be hit the hardest. With 75% of our earnings out of rental income in Australia I would have thought we should fall in par with our competitors and not more.
IMO heads should roll, previous management decisions are horrible and someone should be responsible for this.
I’m still holding due to fundamentals, IR cuts, Dividends and possible T/O. Dividend yield is now about 12.5%, Goldman belief cash rate will be 6.25% by end of the year. That’s twice the yield paid by their operating cashflows. But in this sort of market condition anything is possible.
I have to say the last few days is pretty hard for investors...
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Last
$4.56 |
Change
-0.100(2.15%) |
Mkt cap ! $8.735B | |||
| Open | High | Low | Value | Volume |
| $4.55 | $4.58 | $4.51 | $34.91M | 7.674M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27000 | $4.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.57 | 47228 | 5 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| GPT (ASX) Chart |