GMG is an income stock or value stock right now with a 19.3c
distribution based on basic earnings.
You should only buy for this reason and with the knowledge there will be short term volatility.
However the potential when things turn around is for it to become a growth stock. Remember distributions were 34c before the credit markets put a stop to new funds and developments.Even with the recent placement that would still be about 30c with the extra shares on issue.
something really really fishy, page-19
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Last
$37.38 |
Change
0.290(0.78%) |
Mkt cap ! $72.05B | |||
| Open | High | Low | Value | Volume |
| $37.05 | $37.74 | $36.79 | $39.43M | 1.054M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 958 | $37.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.38 | 238 | 9 |
View Market Depth
| Last trade - 13.40pm 15/11/2024 (20 minute delay) ? |
| GMG (ASX) Chart |