The GMG preferred stock, asx code gmppa is moving up strongly....

The GMG preferred stock, asx code gmppa is moving up strongly.

Often overlooked to its sibling gmg, the stock has massive strengths.

1 - A cap raising will dilute the fully paid shares, however add strength to gmppa, as the balance sheet will improve.
2 - gmppa is currently returning circa 17% per annum, whilst their is a halt on gmg dividends
3- In the event the world stops turning and Goodman go bust, plus shares rank ahead of ordinary fully paid.

The downside is liquidity. Often harder to acquire and sell. Looking at the buy / sell stack, buyers chasing and for good reason.