the reasons why gmg is falling

1. Booked a $465.9 million half-year loss after asset $1 billion in write-downs.

2. Operating income was $216.2 million, compared with $290.3 million in the previous corresponding period.

3. Distribution are reviewed on a month-by-month basis.

4. Chief executive Greg Goodman said the distribution was partly funded out of the group's recent capital raising <- This is a Big No No !!!

5. $460 million of debt due to be refinanced in May.

6. Development work in progress has been almost halved to $1.5 billion.

7. "We have seen clear signs the economic conditions are deteriorating and there is a lack of investor confidence, we expect this to remain the case for some time
."