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
$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. |
---|---|---|
$34.76 | 5103 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1405 | 34.710 |
1 | 575 | 34.650 |
1 | 8100 | 34.640 |
3 | 8525 | 34.610 |
2 | 643 | 34.590 |
Price($) | Vol. | No. |
---|---|---|
34.780 | 643 | 2 |
34.800 | 11933 | 3 |
34.830 | 8100 | 2 |
34.860 | 8100 | 1 |
34.890 | 8100 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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