GMG 1.03% $18.66 goodman group

article: the australian

  1. 234 Posts.
    http://www.theaustralian.news.com.au/business/story/0,28124,24547998-643,00.html

    Hmmm I thought GMG was currently only geared to about 39% where its covenant limit was 60% and there was still plenty of liquid assets. The more I think about this the more I think that there could actually be some opportunity here.

    Now this is purely speculating, but just say for example that GMG already has access to a couple of billion dollars of debt before getting even close to its' covenant, and lets say that it was able to conduct a cap raising now and/ or introduce a third party cornerstone investor.

    This potentially huge bucket of funds could be used to purchase further good assets/ now being forced onto the market by other funds desparate to raise cash to cover redemptions being sold at massive discount.

    This mad charge for the door could all of a sudden become a mad charge back in again.....Well nobody could call the market boring at the moment could they??
 
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$18.66
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$18.57 $18.82 $18.48 $39.74M 2.129M

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3 3421 $18.64
 

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Price($) Vol. No.
$18.68 39941 4
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$18.51 $18.82 $18.51 495115
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