Yep, Wogboy, a buyback would be ok too - at a high price. GMG is growing in Hong Kong, China and in England. Hope they list on the Hong Kong Stock Exchange.
I too saw their stocks down on Friday and upgraded my GMG holdings. A good Dividend payment coming up too - I'm holding LT.
I am looking forward to see their next moves just forecast for England. Having the government on side in China is the best. No capital gains tax in China, also China is growing three times faster than Australia, but lets see how that plays out. I rate them as a buy, they are well under the last two valuations I saw and also as of Friday 21 May, they are still rates as a 5 out of 5 LT buy.
n.
research, page-17
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Last
$35.38 |
Change
0.840(2.43%) |
Mkt cap ! $67.63B | |||
| Open | High | Low | Value | Volume |
| $34.78 | $35.72 | $34.64 | $115.6M | 3.270M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $35.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.40 | 60251 | 5 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| GMG (ASX) Chart |