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
$33.20 |
Change
0.010(0.03%) |
Mkt cap ! $63.46B |
Open | High | Low | Value | Volume |
$33.50 | $33.84 | $33.20 | $87.92M | 2.631M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30 | $33.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.25 | 3471 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30 | 33.190 |
1 | 10 | 33.030 |
1 | 462 | 32.960 |
1 | 700 | 32.750 |
2 | 1016 | 32.700 |
Price($) | Vol. | No. |
---|---|---|
33.300 | 135 | 1 |
33.580 | 688 | 1 |
33.640 | 9317 | 1 |
33.760 | 967 | 1 |
33.790 | 3000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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GMG (ASX) Chart |