"in a period where disclosure is paramount"

IMO about time to get the debit re-financing issue out to shareholders, a direction please.... so as a shareholder I can put these away for the long term, however it was encouraging to see the rise in the SP in the last week, with what appeared to be manipulation in the SP.




Florence Chong | February 01, 2008
Article from: The Australian

Goodman's chief executive, Greg Goodman, said: "We were not going to wait around till April and May."

So, over Christmas, Mr Goodman and his team got to work to lock in fresh financing facilities.

"It is important to get it done and get it done early," he said.
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and now the Company back flip

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February 28, 2009

AT THE end of a week in which its share price had been battered, analysts said Goodman Group was very oversold.
Analysts at Citi said Goodman had been punished for capital management issues on several fronts - for holding intangibles valued at $1.3 billion, with no impairment, and for lack of disclosure on gearing covenants and lack of clarity on pending refinancing of the $460 million in May.

"In a period where disclosure is paramount, whatever the news, Goodman came up short on key metrics," the analysts said.