Its was a writedown on property value, which was insignificant compared to the writedown the market put on GOZ share price.
The 25% gain in the last 6 weeks is likely because it looks like we are past peak bond prices, which in theory reduces refinancing risk, which wasnt a risk for us anyway. This was a clear example of the failure of the market to properly value a stock.
Growth Point Properties Australia Strategic Viewpoint, page-11
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Last
$2.38 |
Change
0.000(0.00%) |
Mkt cap ! $1.794B | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.40 | $2.37 | $758.8K | 318.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 845 | $2.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.40 | 4018 | 2 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$2.38 |
Change
0.000 ( 0.26 %) |
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| Open | High | Low | Volume | ||
| $2.40 | $2.40 | $2.38 | 92195 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| GOZ (ASX) Chart |