Anything that bends the rules with these guys is possible. GMG Board are the non-disclosure, leakers to institutional investor experts.
With regards to Distributions (not Dividends - This is a Trust vehicle) they will be made half yearly and the total is 19.3c per annum per security held. Now I did read somewhere what the split was but can not lay my hands on it.
Sure it may get a slight kick up from the CNP restructure which itself will dwindle off but lets look at GMG. In short this company is being hit from all sides:
1. Currency Risk
2. Market Risk (Sovereign and Capital)
3. Leverage Risk (35% Leverage is nonsense measure Debt + Other Liabilities / Investments... then Leverage = 4,229+735 / 6,406 = 77.5% <= THIS IS TRUE LVR)
4. Compounding Leverage Risk is decrease in values - this is caused by the deleveraging effect of others in the market.
5. Income Risk - Customers leaving or being forced from the market is decreasing revenue from the properties. Developments are not occuring and fees for service and new prospectuses shelved.
6. Asset Realisation Risk - Decrease in values = decrease in Net Assets.
7. Litigation I am sure is going to impact this company down the track.
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Last
$36.35 |
Change
-0.750(2.02%) |
Mkt cap ! $69.03B |
Open | High | Low | Value | Volume |
$36.67 | $36.95 | $35.96 | $94.20M | 2.594M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 252 | $36.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$36.36 | 12477 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 275 | 36.280 |
1 | 3708 | 36.260 |
2 | 618 | 36.230 |
1 | 7740 | 36.200 |
1 | 7740 | 36.170 |
Price($) | Vol. | No. |
---|---|---|
36.360 | 8175 | 2 |
36.370 | 412 | 1 |
36.420 | 618 | 2 |
36.500 | 298 | 2 |
36.600 | 138 | 1 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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GMG (ASX) Chart |