Just looking through the financial report, it looks like they have $20B in assets and $12B in liabilities, I would assume the liabilities would grow over time with guaranteed inflation.
Analyst report said they had $500m in mark to market losses in the GFC, so even if you say the current losses are worse, they should still be well capitalized.
The funds management part of the business will take a beating, but that is only a small part of the business.
Keen to hear peoples thoughts?
When the dust settles, CGF to benefit?, page-21
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Last
$6.25 |
Change
-0.130(2.04%) |
Mkt cap ! $4.319B | |||
| Open | High | Low | Value | Volume |
| $6.38 | $6.38 | $6.24 | $6.255M | 998.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4908 | $6.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.28 | 29021 | 2 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$6.25 |
Change
-0.130 ( 1.86 %) |
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| Open | High | Low | Volume | ||
| $6.36 | $6.39 | $6.24 | 338524 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| CGF (ASX) Chart |