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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The main concern I can spot with GMG right now is the confidence...
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Last
$32.20 |
Change
-1.210(3.62%) |
Mkt cap ! $61.25B |
Open | High | Low | Value | Volume |
$33.26 | $33.41 | $31.91 | $181.7M | 5.621M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $32.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$32.22 | 119 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7 | 33.940 |
1 | 2 | 33.810 |
3 | 1119 | 33.390 |
1 | 8 | 33.380 |
1 | 450 | 33.000 |
Price($) | Vol. | No. |
---|---|---|
30.590 | 2626 | 2 |
31.000 | 497 | 1 |
31.240 | 727 | 7 |
31.440 | 1 | 1 |
31.700 | 1609 | 5 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
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GMG (ASX) Chart |