No doubt, GMG has debt due for refinancing. Why do brokers discount the fact that banks will not refinance at all?
Surely, banks will refinance, however, maybe at higher costs. Being a worst case scenario. Companies like CER managed it and GMG is not ever close to CER.
Plus CER has managed to sell various assets in US at discount of between 5-10% of dec08 values. Which is not bad and GMG has been selling non core assets at reasonably good prices.
What school did this broker come from?
gsjbwere view , page-2
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Last
$36.60 |
Change
0.900(2.52%) |
Mkt cap ! $69.96B | |||
| Open | High | Low | Value | Volume |
| $35.88 | $36.69 | $35.84 | $100.9M | 2.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 175 | $36.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.60 | 39274 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| GMG (ASX) Chart |