The way in which I have looked at my investment in GPT is as a yield play. I wanted better interest than a bank would give me. At the moment the one thing its on course to do is deliver that.... which who knows... may change...
The premium of that yield has eroded from 20%+ when the outlook was some 28c now down to 7% odd for me - on my avg entry of about $1. It could get worse, would need to get to 3.5c for the year to be on par with a bank deposit.
As for the capital component - I believe that over time this is safe too... I can in no rational way reconcile GPTs assets with its current market cap of $1.2b. If I had $1.2b I would buy the company today and put the whole lot up for sale... Id be amazed if I couldnt sell 13bn of assets for 8-9bn... leaving 3-4bn after debt.
The way in which I have looked at my investment in GPT is as a...
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Last
$4.74 |
Change
0.070(1.50%) |
Mkt cap ! $9.079B | |||
| Open | High | Low | Value | Volume |
| $4.70 | $4.76 | $4.65 | $24.57M | 5.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 49169 | $4.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.74 | 78820 | 3 |
View Market Depth
| Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
| GPT (ASX) Chart |