GPT wrote the JV down from 1.9b to 1.2b - so shaved 400m there - and I think another 450m off core australian holdings, and then 250m off hotel / other.
There are no covenants hinging on share prices.
There is about 300m - 500m coming in form rents. I know its a large spread but hte books are hard to read- I estimate 400m+ - need to do more work here.
This is more than enough to pay the bills.
$1b euro refinance is due in 2010. Late 2010.
Im staying in - yield is still better than a bank and based on all the information I have at hand, its a stronger buy than its ever been. I have thought this all the way down of course - and I still dont know what changed between capital raising and now to impact prices.
There are no material differences since guidance issued in Sep-08 or whenever it was and now... just a radically different price.. I can only make sense of it if I assume that if the equation for price is:
$value x $confidence = price, then confidence is running at about 0.1 !
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Last
$4.74 |
Change
0.000(0.00%) |
Mkt cap ! $9.108B |
Open | High | Low | Value | Volume |
$4.79 | $4.79 | $4.74 | $2.861M | 599.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 38951 | $4.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.75 | 44034 | 47 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 41599 | 4.740 |
14 | 57128 | 4.730 |
10 | 45231 | 4.720 |
8 | 38498 | 4.710 |
11 | 53839 | 4.700 |
Price($) | Vol. | No. |
---|---|---|
4.750 | 31708 | 38 |
4.760 | 60274 | 39 |
4.770 | 83531 | 20 |
4.780 | 64284 | 16 |
4.790 | 44606 | 14 |
Last trade - 11.02am 22/08/2024 (20 minute delay) ? |
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