Sample of Good News (Re-financing) if ALZ can do it IMO GMG can and some others (insto's) knows it and therefore have been accumulating.
GMG have good quality assets, and a good income stream.
16 April 2009
AUSTRALAND SECURES REFINANCING APPROVALS
Australand has secured approvals from three domestic banks for a total of $350 million
which, subject to documentation and together with existing undrawn facilities, will
provide the Group with sufficient capacity to repay the $563 million CMBS facility
maturing on 25 June 2009. Existing undrawn facilities and cash at bank as at 31
March 2009 was in excess of $560 million. Commitments have also been secured to
renew $100 million of the existing $150 million of unsecured facilities expiring in 2009.
Negotiations on the remaining $50 million facility are well underway.
devil's advocate, page-6
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Last
$32.56 |
Change
0.290(0.90%) |
Mkt cap ! $61.93B | |||
| Open | High | Low | Value | Volume |
| $32.20 | $32.79 | $31.73 | $122.6M | 3.780M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $32.54 |
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| Price($) | Vol. | No. |
|---|---|---|
| $32.63 | 423 | 1 |
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