Thanks MM
When I saw MM posting on the GMG thread I was delighted to open your post.............but alas it was a question...
Here is my answer..............
As I have said before I look forward to reading your posts because they have so much meat in them.....
To your question
I have watched GMG (it had different names) for quite awhile.
It rapidly got past what I wanted to pay for it.
And then last year it stated falling.
I know people that work in GMG (middle management) and I have noted that they never say anything bad about the CEO etc so I presumed it was being managed ethically.
When the SP dipped below $1 and with the div so good I felt now was the time to study the company and start a position.
They have most of their assets /business in Asia.
While the div may be cut tomorrow, I do believe that the SP will move up.
I have noticed that your sentiment is against REITS.
You famously called a situation where you said it was a chance to get out of WDC
Anyway...to cut the wandering short and succinctly.....
(1) I knew the company
(2) Even though the company debt, it seemed to be managed
(3) Mark to market accounting requirements produced a statutory loss
(4) 92% long leases in prime industrial sites in Aust, NZ, Asia, UK (YUK) and Europe
(5) We will come out of the recession/depression sometime
(6) A good div
(7) CONTRARION INVESTING
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Last
$35.93 |
Change
-0.410(1.13%) |
Mkt cap ! $68.68B |
Open | High | Low | Value | Volume |
$35.99 | $36.44 | $35.78 | $100.0M | 2.779M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 70343 | $35.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$36.20 | 10394 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 35.780 |
1 | 417 | 35.750 |
1 | 55 | 35.740 |
1 | 700 | 35.710 |
1 | 170 | 35.600 |
Price($) | Vol. | No. |
---|---|---|
36.250 | 435 | 1 |
36.270 | 155 | 1 |
36.350 | 590 | 1 |
36.490 | 110 | 1 |
36.500 | 104750 | 6 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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