m-2-m is the reality of the situation - the banks will only be interested in the reality of their security. So until the pressure is off covenents I can't see the situation really changing.
A lot of REITs have been priced to fail but don't see them going anywhere. So there will probably be a short term jump and then a period of stagnation once deals start to be done and real valuations are available.
Hedging and derivative losses may or may not have to marked to market but the big headline losses from these have probably already flushed through the system. Maybe one more reporting quarter of big losses and then back to profits.
m-2-m is the reality of the situation - the banks will only be...
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Last
$37.10 |
Change
-0.070(0.19%) |
Mkt cap ! $70.45B | |||
| Open | High | Low | Value | Volume |
| $36.54 | $37.10 | $36.22 | $116.6M | 3.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 876 | $37.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.11 | 9938 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| GMG (ASX) Chart |