GPT 1.80% $4.36 gpt group

gic or sgp ?

  1. 530 Posts.
    As I v e posted continuously on this thread GPT ( minus hospitality ) control what must be considered amongst the bestcommercial assets (offices and retail ) in Australia.

    Lets again re visit THE FACTS !
    underlying property assets continue to perform
    99.2% leased ,
    WALE of 5.2-7.2 years ,
    blue chip tenants incl govt therefore low threat to to income falling,
    income growt av 5.5%
    interest cover 2.5x
    Gearing only 33.3%

    Even with possible property devaluations income is not effected and the ability to pay interest is not therefore effected even if gearing increases . ie banks still get paid and valuations shall increase in line with pick up in market.
    NTA 1.43

    Now the question is who is ( GIC or SGP ) going to take advantage of what IMO are ridiculously cheap prices and take out GPT
    SGP with 9.8% @ av 1.50 ( surely they need to purchase more to reduce av purchase price ) or
    GIC with 7.36% ??

    Surely one of these 2 are buying at these (IMHO ) ridiculously cheap prices ,they can t afford not to. I ve been accumulating and will continue to
    All above my thouughts only and posted here for discussion purposes DYOR
 
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Last
$4.36
Change
-0.080(1.80%)
Mkt cap ! $8.351B
Open High Low Value Volume
$4.37 $4.40 $4.34 $37.42M 8.577M

Buyers (Bids)

No. Vol. Price($)
1 28014 $4.36
 

Sellers (Offers)

Price($) Vol. No.
$4.37 89068 6
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