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 Re:GMG (Goodman) Buy or Sell?
By: professor.inglis
6/11/2009
7:39 pm Yahoo! Profile:
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That is what I am trying to figure out. Seems like the world economy is improving and so should GMG.
Also China's Sovereign Wealth Fund is currently a buyer, I believe.
But GMG's price moves so very slowly. |
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By: chris_1991_h
6/11/2009
7:36 pm Yahoo! Profile:
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| hi professor, can you please tell me why i should buy GMG at the current price? THX |
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By: professor.inglis
6/11/2009
7:35 pm Yahoo! Profile:
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"Source : http://au.finance.yahoo.com/q/apr?s=GMG.AX
"The Goodman Group (GMG) is one of Australia’s largest AREITs with total assets of $8.58bn at June 2009, being a stapled security comprising an unit in the trust and a share in the management company. GMG has three inter-linked businesses, each based on industrial, warehouse and business park property, being ownership, development and management, with assets in Australia, New Zealand, Europe and Asia.
The Goodman Group (GMG) is one of Australia’s largest AREITs with total assets of $8.58bn at June 2009, being a stapled security comprising an unit in the trust and a share in the management company. GMG has three inter-linked businesses, each based on industrial, warehouse and business park property, being ownership, development and management, with assets in Australia, New Zealand, Europe and Asia.
Operations:
Around 87% of operating EBIT is annuity style, being sourced from investment property and funds management fee revenue. GMG actively seeks to leverage its business model globally based on established regional platforms and to recycle capital by acquiring and developing assets for the trust and for managed funds, achieving profits on transfer and securing fees at each stage of the process. Unusually, for the AREIT sector, GMG carries intangible assets of $1.12bn comprising goodwill and management rights from recent acquisitions, being particularly vulnerable to mark down in a sustained economic downturn.
Ownership:
Comprising 78% of operating EBIT, GMG owns a substantial portfolio of industrial, warehouse and business park property in Europe with a core holding in Australia and Asia.
Management:
GMG has funds management businesses in Australia and Asia (with $8.1bn assets under management) and in Europe (with $6.2bn assets under management), each based on industrial, warehouse and business park property, comprising 9% of operating EBIT. GMG seeks to co-invest with long term, wholesale . ... |
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By: professor.inglis
6/11/2009
7:33 pm Yahoo! Profile:
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"Greg and Patrick Goodman advise that Goodman Holdings Pty Ltd has sold 69.6 million Goodman Group (GMG) securities as part of a family reorgani sation," Goodman Group said in a statement on Friday."
source SMH: http://news.smh.com.au/breaking-news-business/good man-holdings-offloads-group-shares-20091106-i222.h tml |
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