I agree, GPT seems to have been oversold.
According to that news article:
"GPT's wholesale fund is said to be concluding a sale of its 179 Elizabeth Street, worth about $70 million to $80 million."
As soon as the release the confirmation expect GPT's share price to explode like a can of beans!
Sale of assets is a must for REITs to clean up their balance sheets and get them through this downturn.
I agree, GPT seems to have been oversold. According to that news...
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Last
$4.80 |
Change
0.060(1.27%) |
Mkt cap ! $9.194B | |||
| Open | High | Low | Value | Volume |
| $4.79 | $4.81 | $4.73 | $26.28M | 5.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $4.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.81 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| GPT (ASX) Chart |