I cant seem to add up how GPT applied our 1.6b of extra money. So, I sent the CFO a note as follows:
/begin note Hello,
I am an investor in GPT. Recently I was going over the details provided in your capital raising release. I could not understand something that I was hoping you could further explain for me.
The debt lvl pre capital raising was listed as 5.5b. The amount raised was 1.6b. The debt level after capital raising was 4.7b ... if all the capital raised would have been applied to debt, one would have expected a reduction in debt to 3.9b ... the question I have is what was the other 0.8b used for?
I notice it is not held in cash, as the 420m cash pre raising appears to have gone. The protfolio assets are listed as increased by some 650m odd... yet there is no note to indicate what this might be...
I would like to understand how GPT applied the funds raised - and if they were not wholly applied to debt, what were they applied to and why?
Kind Regards... Feeny /end note
...anyone understand what they actually did with our money? I know 800m went to MTN early repayment.. how about the rest?
GPT Price at posting:
48.2¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)