feeny
I reckon the best way for GPT to create value for us shareholders would be to walk away from the JV should asset values drop 10%
by walking away from the JV GPT will lose $2bn of equity
the balance sheet for GPT would look like this
assets $12 bn
debt $5 bn
equity $7bn
a 10% asset writedown would look like this
assets $10.8 bn
debt $5 bn
equity $5.8 bn
NTA $2.63
Gearing would be 46.2%
If assets fall another 10% or $1.08 bn then do a capital raising
Assets $9.7 bn
Debt $5 bn
Equity $4.7 bn
NTA $2.14
Gearing 51.5%
the banks might allow GPT to go over 1.5% the 50% covenant.
If they don't then do a capital raising
which would look like this
assets $9.7bn
Debt $2.8 bn
Equity $6.9 bn
the number of shares = 4.4bn
NTA $1.57
gearing 29%
If you bought at $2 you'd be in at $1.50 after the 1 for 1 rights issue of a $1
what you'd end up with then is a great REIT with a strong balance sheet and portfolio of fantastic assets such as australia square etc
the rents would amount to $500 m
which would be about .11 a share or 7%
but it would be a 7% you could be sure you'd get.
all the assets would have fallen by 20% by this stage
you may then find a buyer for the whole company who would be prepared to pay a 20 percent premium or $1.88 per share
anyway that is my dream!
- Forums
- ASX - By Stock
- GPT
- check out the figures
GPT
gpt group
Add to My Watchlist
1.38%
!
$5.01

check out the figures, page-6
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$5.01 |
Change
-0.070(1.38%) |
Mkt cap ! $9.597B |
Open | High | Low | Value | Volume |
$5.09 | $5.10 | $4.99 | $18.87M | 3.760M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3333 | $5.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.03 | 4559 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3333 | 5.000 |
1 | 19 | 4.990 |
1 | 4000 | 4.980 |
1 | 201 | 4.970 |
1 | 200 | 4.950 |
Price($) | Vol. | No. |
---|---|---|
5.090 | 3433 | 1 |
5.100 | 2083 | 1 |
5.120 | 3000 | 1 |
5.150 | 21000 | 2 |
5.190 | 378 | 1 |
Last trade - 16.10pm 11/07/2025 (20 minute delay) ? |
Featured News
GPT (ASX) Chart |
The Watchlist
VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
SPONSORED BY The Market Online