There are two parts of the equation for GMG. One is assets the other is income. We shouldnt forget that GMG has an ability to absorb more losses in value in their portfolio if they redistribute part or all of their income towards paying down debt. In essence we have NTA sonewhere between 75-110 peer unit, we have an income stream that can pay down appro 10% of debt per annum.
This is not only a net asset play, it has great income with high tenancy.
I believe someone mentioned before these are close to fully tentnated properties with renatl increases. Great exposure to Australia which is another plus. The company and all reits ahve been oversold due to sentiment as is down in all bear markets.
dead cat bounce!, page-22
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Last
$37.10 |
Change
0.570(1.56%) |
Mkt cap ! $70.61B | |||
| Open | High | Low | Value | Volume |
| $36.70 | $37.13 | $36.37 | $19.36M | 525.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 108 | $37.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.10 | 212 | 3 |
View Market Depth
| Last trade - 11.08am 14/11/2024 (20 minute delay) ? |
| GMG (ASX) Chart |