The main concern I can spot with GMG right now is the confidence that may affect people around the $400m or whatever it is that is due in May.
Here is where rationality falls over. What kind of company would pay a massive dividend if it couldnt pay a debt thats 6 weeks ahead of it... so Im sure GMG know what they are doing... yet market is jittery and seeing skeletons when there is plenty of meat on the bone.
I havent followed GMG closely - I will start to look at it far more carefully. It may pay off to spread my holdings equally between the two of them...
Regarding the JV for GPT - all my calculations factor this in as $0. I suspected it was worth less when I first invested in the company. I didnt pick the capital raising though, and I still wish GPT's management would grow a pair and be a little bold rather than behaving like timid directionless lemmings.
I might start a thread over on GPT asking why people prefer GPT over GMG and vise versa. GMG threads look a bit more short term focused right now - and understandably so.
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Last
$34.58 |
Change
-1.860(5.10%) |
Mkt cap ! $65.67B |
Open | High | Low | Value | Volume |
$35.55 | $35.66 | $34.58 | $121.7M | 3.493M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 660 | $34.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.73 | 660 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 452 | 34.530 |
1 | 20 | 34.520 |
3 | 224 | 34.500 |
1 | 448 | 34.480 |
2 | 522 | 34.450 |
Price($) | Vol. | No. |
---|---|---|
35.400 | 18 | 1 |
35.500 | 855 | 1 |
36.000 | 1224 | 3 |
36.040 | 100 | 1 |
36.440 | 51 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
GMG (ASX) Chart |