GMG 0.78% $34.75 goodman group

Anything that bends the rules with these guys is possible. GMG...

  1. 1,355 Posts.
    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
$34.75
Change
0.270(0.78%)
Mkt cap ! $65.99B
Open High Low Value Volume
$34.97 $35.15 $34.67 $113.8M 3.272M

Buyers (Bids)

No. Vol. Price($)
2 11747 $34.72
 

Sellers (Offers)

Price($) Vol. No.
$34.76 5103 2
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
GMG (ASX) Chart
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