Mr Feeney I agree with your previous posts about valuations and net asset values however you fail to take into a/c that we are in a fairly nasty bear market and that property valuations are going to get whacked even further next year.
Its a fact that banks are not lending on large scale commercial properties and if they do the valuer will value it at less than a buyer is paying for it and the bank will only lend 30 to 40% LVR.
That is why we have no big ticket sales in Australia because no one has the capacity to buy. Next year will be judgement day for a lot of these trusts.
As I have mentioned before which you don't seem to acknowledge is why would I buy a stock such as GPT on a yield of 8% when I can buy just as good a stock on a higher yield on a bigger discount to NAV and a current gearing of 35% or less.
As I stated before it is only holding up at the current level because of the prospect of a takeover by SGP which in my opinion will never happen.
I am only providing an alternative view to yourself an providing a point of discussion.
Good luck with your investment. I hope it works out !
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Last
$5.07 |
Change
-0.020(0.39%) |
Mkt cap ! $9.711B |
Open | High | Low | Value | Volume |
$5.13 | $5.15 | $5.06 | $20.31M | 3.995M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17212 | $5.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.10 | 79173 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17212 | 5.060 |
4 | 60964 | 5.050 |
3 | 105166 | 5.040 |
1 | 19441 | 5.030 |
2 | 400 | 5.000 |
Price($) | Vol. | No. |
---|---|---|
5.100 | 79173 | 6 |
5.110 | 119028 | 4 |
5.120 | 47523 | 3 |
5.140 | 5600 | 2 |
5.150 | 4900 | 2 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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GPT (ASX) Chart |