Morningstar puts the current fair value at $3.50. I agree with their warning that this business is tied too closely to the housing market to make it low risk. Which is why I only bought a small position in this for my super fund. If the housing market continues to progress as it is currently, it should be a solid business paying a good dividend. If on the other hand interest rates go up to the point that they depress the housing market the profits of GMA will fall on the reduction in mortgages taken out.
Fair value?
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Last
$3.73 |
Change
-0.010(0.27%) |
Mkt cap ! $1.076B | |||
| Open | High | Low | Value | Volume |
| $3.77 | $3.78 | $3.68 | $769.2K | 207.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 7795 | $3.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.74 | 10516 | 9 |
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| Last trade - 11.22am 10/07/2024 (20 minute delay) ? |
| HLI (ASX) Chart |