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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Anything that bends the rules with these guys is possible. GMG...
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Last
$35.08 |
Change
0.185(0.53%) |
Mkt cap ! $66.60B |
Open | High | Low | Value | Volume |
$35.14 | $35.20 | $34.86 | $60.47M | 1.724M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 427 | $35.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$35.08 | 1088 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 507 | 35.110 |
22 | 2261 | 35.100 |
17 | 2197 | 35.090 |
13 | 1628 | 35.080 |
8 | 622 | 35.070 |
Price($) | Vol. | No. |
---|---|---|
35.120 | 810 | 11 |
35.130 | 1996 | 13 |
35.140 | 542 | 8 |
35.150 | 2117 | 11 |
35.160 | 522 | 5 |
Last trade - 14.59pm 09/07/2024 (20 minute delay) ? |
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