GPT has written down the jv to zero and has expressed no intention to put in any more capital into it what so ever
there is no recourse to the head stock
five of the banking covenants on jv loans have been breached
it appears that the JV is in the banks hands now
the banks are very keen not to sell now
was just listening to annual report presentation
have a listen - click on the index to get to the part on the jv
also listens to the questions at the end
http://www-waa-akam.thomson-webcast.net/au/dispatching/?event_id=a64fbf767c22ccd6cb4bb653eb962158&portal_id=8d628a4fe40bf8e7fbe0d3b967664ebf
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Last
$5.52 |
Change
0.045(0.82%) |
Mkt cap ! $10.59B | |||
| Open | High | Low | Value | Volume |
| $5.50 | $5.53 | $5.48 | $12.32M | 2.235M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 66181 | $5.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.52 | 76349 | 65 |
View Market Depth
| Last trade - 14.42pm 12/09/2025 (20 minute delay) ? |
| GPT (ASX) Chart |