GMG 1.95% $35.18 goodman group

According to Money Magazine back in September GMG was looking...

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    According to Money Magazine back in September  GMG was looking tasty but the price has continued to fall even as it actions its’ ‘quantum leap’ into new arenas …

    Why Goodman Group is an impressive investment option
    By Jun Bei Liu
    September 6, 2023…..
    .. “The recent 2023 financial year results from Goodman Group unveiled two game-changing announcements.
    First, it revealed an expansive pipeline of data centre sites with secured and potential power allocation exceeding 3 gigawatts (GW), with the possibility of reaching up to 4GW as agreements are finalised. This scale surpasses initial expectations and significantly diversifies Goodman Group's operations.
    Secondly, Goodman Group is exploring partnerships with hyper-scalers to provide a complete solution as a developer and operator.
    This shift represents a monumental step from its historical focus on power shell developments. The timing couldn't be better as hyper-scaler demand surges with the evolving landscape of artificial intelligence (AI).”..


    From https://www.moneymag.com.au/goodman-group-shares-2023




    And continues in fields with which it is already familiar?
    But changed gears there too ?

    https://www.theurbandeveloper.com/articles/goodman-group-build-to-rent-macquarie-park-nsw
    Goodman Changes Gears with Macquarie Park BtR Plans
    RENEE MCKEOWNTUE 24 OCT 23
    ….“Build-to-rent provides an alternative choice of housing for the growing number of renters in Australia, improving housing diversity by providing a secure rental home for those saving to buy their home or for those who choose to rent long term.
    “It is a major contributor to housing supply globally, with widespread adoption in the US and Europe.”..



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    Greg Goodman selling some tens of millions of dollars worth of shares back on 22/09/23 for $22.85 each seems like it was a smart move given the current price and the  global black swans flying around at present.

    @Saragian do you follow GMG?
    If you have time and interest I’d appreciate your technical perspectives on useful entry levels here, and your thoughts overall.

    Thankyou for all that you share even if you’re too busy

    with kind regards,
    cheers
 
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