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
$2.64 |
Change
0.030(1.15%) |
Mkt cap ! $1.990B | |||
| Open | High | Low | Value | Volume |
| $2.62 | $2.66 | $2.59 | $2.268M | 862.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10958 | $2.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.65 | 5189 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| GOZ (ASX) Chart |