I feel for all holders.
Been on this roller coaster with GPT for a while now.
It really does ask some big questions about the quality of our regulators... and why they exist if not to prevent such shenanigans.
I would guess (and its only a guess) - that if today's movement is not the dividend being paid (no idea when the ex date is) - then it is likely someone in the know about something tomorrow.
If it were sector confidence, then we'd see this sort of movement across the sector today - but AFAIK its rather pronounced on GMG.
So what are likely causes:
- confidence: There appears little doubt that confidence is being factored far too much ahead of intrinsic value. If this is all there is, its a great time to buy.
- capital raising: Obviously if people knew today that tomorrow a raising would be announced, those people would be selling. They should also be lightly fried in oil before being crucified - I have called for this before but noone listens.
- results: I cant imagine this is a big factor. The price already surely factors in a totally abysmal result... and its hard to be worse than abysmal.
- critical event: I understood the company owed $2bn due this year - perhaps the plan to deal with it isnt going so well (note: I may be well wrong)
- Forums
- ASX - By Stock
- today's action plan
I feel for all holders.Been on this roller coaster with GPT for...
-
- There are more pages in this discussion • 17 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
(20min delay)
|
|||||
Last
$36.64 |
Change
-0.040(0.11%) |
Mkt cap ! $70.04B |
Open | High | Low | Value | Volume |
$36.73 | $36.89 | $36.43 | $129.5M | 3.533M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 8052 | $36.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$36.77 | 7566 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 8052 | 36.620 |
2 | 7436 | 36.590 |
1 | 7432 | 36.560 |
1 | 24980 | 36.540 |
1 | 7432 | 36.530 |
Price($) | Vol. | No. |
---|---|---|
36.770 | 7432 | 1 |
36.790 | 621 | 1 |
36.800 | 7432 | 1 |
36.810 | 620 | 4 |
36.830 | 7432 | 1 |
Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
Featured News
GMG (ASX) Chart |