imo the fear of a capital raising will restrict this stock, with any bounces temporary because of the confidence crush that was gpt's dilution on thursday
it will be interesting to see how the mkt perceives the gpt raising tomorow morning, whether it goes anywhere near the issue price or if it does a bsl.
if its well received like im guessing it will be, watch gmg's advisers pull the trigger very quickly on a 1.5b + cap raising
as a holder id like to see a privatisation but if they want to stay in listed form, gmg's peers in the same mkt capitalisation band have much lower headline and lookthrough gearing and gmg will have no choice but to rejig the balance sheet
cap raising at 25 to 28 cents a share is my uneducated and uninformed guess, but heres hoping im wrong
up or down tomorrow?, page-2
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Last
$35.43 |
Change
0.050(0.14%) |
Mkt cap ! $67.28B | |||
| Open | High | Low | Value | Volume |
| $35.12 | $35.50 | $34.94 | $53.00M | 1.498M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1291 | $35.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.44 | 365 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| GMG (ASX) Chart |