GPT has been flat whilst Westfield, Lend Lease etc are all pruning their respective gardens.
Any thoughts on what GPT might announce?
I thought @ $1 / share odd the price already factored in - JV of $0 - asset writedowns of some 20-30%
I havent run the numbers in a while - nothing's changed (lets face it, its a boring sector, where no news is usually welcome news - and the norm!) -so I might have my %s wrong.
Im not sure how they might further surprise us... heh ... and they would certainly not be welcomed.
What are thoughts? Have GPT been prudent and conservative and will therefore report exactly as expected? Will they follow a trend and cut more than expected - i.e. clear the skeletons now ... will they surprise by performing better than expected?
I actually think most likely is that GPT will announce that the JV is down to $0 officially - and even though this is no surprise and is already well factored in, bad news may take its toll.
Disc: I own a crapload @ around $1
GPT Price at posting:
67.3¢ Sentiment: None Disclosure: Held
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