The stock price is predicting that GMG is insolvent or will become insolvent in the near future. Luckly the acting Chairman is a Liquidator.
Assuming GMG is geared at around 50%, the NTA will decline at twice the rate of the asset. So if asset prices are declining as fast as the say, 25% in one month in England. GMG's NTA could already be zero. The Banks might decide to put receivers in.
ON the plus side-
The Bank of England has just put a ton of cash into the banking system, so the Banks might not be too keen to call the loans in at this time. Plus all this printing of money, might start to re-inflate asset prices,as punters run away from cash and start buying hard assets.
- Forums
- ASX - By Stock
- should i sell? plz help
The stock price is predicting that GMG is insolvent or will...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GMG (ASX) to my watchlist
|
|||||
Last
$34.89 |
Change
-0.540(1.52%) |
Mkt cap ! $66.26B |
Open | High | Low | Value | Volume |
$35.42 | $35.48 | $34.81 | $59.58M | 1.699M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3000 | $34.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.92 | 7665 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3000 | 34.880 |
2 | 3840 | 34.860 |
2 | 3199 | 34.810 |
1 | 15 | 34.800 |
2 | 3200 | 34.760 |
Price($) | Vol. | No. |
---|---|---|
34.990 | 7690 | 1 |
35.020 | 8290 | 2 |
35.050 | 7690 | 1 |
35.080 | 7690 | 2 |
35.120 | 412 | 1 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
Featured News
GMG (ASX) Chart |