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GMG - Goodman Group

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A rise then a big drop yesterday.. Trading halt today - can anyone shed any light??
 
Looks like they wanted to slap me in the face and do a bit of capital raising.. I should of just kept my mouth shut.

Not to sure if I'll hold on to these much longer if they need capital at these cheap prices things can't be to good in the near term.
Although i could be wrong and the ones in the know might just want to get some cheap shares in GMG

http://www.bloomberg.com/apps/news?pid=20601081&sid=avMgfWZuEdaI
 
is there any idea on the price they are seeking?

its almost like they waited for a rally, a bit of profit taking to find a high, then BAM! trading halt before it dips any lower.

i see where ur coming from with the need for cap at these low prices, but cap raisings seem to be the cool thing to do these days, and plus u cant seriously expect them to wait until it goes back to the $7 days or something.

as long as u can make money out of the cap raising who cares.

personally i got slapped in the face by the market yesterday. i saw it go up to 57 cents and just left it, when i checked later in the afternoon it had already closed below my purchase price of 49.5 cents -_-
 
Wasn't really expecting $7 but maybe some were in the range of $1.5-$2 min but i guess that is why i deal in small change
 
How could they attempt to raise capital with a share entitlement well above the trading SP

Don't they usually have the entitlement at a discount to trading SP? I mean who would take up the entitlement when those shares would lose value as soon as they are traded?
If they offered the new shares at $2 when current SP is 50c what's the incentive for me to take them up? What am I missing, because I just don't get it

cheers
 
The need for a capital raising has been rumoured for a while. My guess on the SPP is 45c. We will know by Friday am
 
MACCA350 The comment about $1.5-$2 was refering to when i thought they would of done a capital raising. I was expecting one much further down the track.

Not at what price they will do this one at.. to that I have no idea although sub 40c would be nice..
 
enigmatic said:
MACCA350 The comment about $1.5-$2 was refering to when i thought they would of done a capital raising. I was expecting one much further down the track.
Click to expand...
Right, I'm with you now

Not at what price they will do this one at.. to that I have no idea although sub 40c would be nice..
Click to expand...
They released the info on the offer today(Thurs).

1 for 1 entitlement at 40c per new share.

cheers
 
cheeky don't you think, I mean the SP has been trading below 40c for most of the last 6 months and was below 40c less than a month ago. The average for the last month would be around 45c so I'd have thought the offer would be around 35c at most.

Just seems like they had been planning to raise capital, then saw the SP spike and decided to lock in that spike and bring forward the capital raising.

What's funny is that the offer is above my buy in price

cheers
 
My only real concern with GMG was there debt so this Capital raising removes some of my concerns, will have to play this one by ear

GMG have previously paid out Dividend so it is possible in 1-2years they might again but until then this is purely a High risk play..

DYOR
 
Well not a bad start for the day up to 53cents the 40cent shares aren't looking to bad..

Will have to see how this one continues on though
 
yeh its good to see a bit of rise today.
im still a bit confused at how this spp works

we are expected to receive a letter in the mail this week right?
i hope the market doesnt sell this down to 40 cents again before the entitlment period ends

i hate it when that happens, its like the only benefit would be to save brokerage.

In other news, i have been noticing ALOT, and i mean ALOT of properties around sydney with GMG signboards advertising leasing opportunities. i Drive around victoria road, other areas around the city, down south near hurstville along king georges road. and various other places.
Previously i did not know gmg owned these properties, and its a bit concerning that these places are now obviously vacated. which can only mean no income stream from them. furthermore they are pretty large blocks of commercial land and all these signboards popped up in the same week. :S
is it just leasings ended or are they having trouble leasing them out?
should i be concerned?

Its a good thing i only trade gmg speculatively lol
 
has anyone heard the terms of the retail entitlement offer? I know the price is 40c and settlement is Sep 4 but how much is the buy in. e.g. 1 for 1? 3 for 1? a flat 15k like NAB?
 
It is a 1 for 1 entitlement at 40 cents. Not exactly what I was hoping for but I will take it anyway. Hopefully a nice little profit.
 
Thanks Sennej. I'm also not in much, basically bought around 2 months ago for the profit on the capital raising, so it won't be heaps but still better than nothing I suppose
 
i got my offer in the mail today
it appears we can over subscribe. Sp is steady, hope volume holds up
it mentioned they will proicess as soon as they receive, so does that mean they will allocate early too? or do i have to wait till 4th september

my bday is 9th september, wud be a nice present from goodman if i cud make a little profit lol

also it appears that they dont have a bpay option >< i have to use money order which costs money...so lame. i dont use cheques either
 
There is an early offer date. From what I recall, if you take up the offer by 20/08/2009, the shares will be allocated and available for trading on 26/08/2009. Read the dates in the offer.
 
If you apply for extra shares you will not get these until the later date, so you lose the optionality value on the extra shares. If the market tanks between the first and final acceptance dates, you could find that you have applied for extra shares that are now out of the money. And all those people who wait for the final acceptance date (such as me) will not apply for anything if the price is below 40c. Which probably means you will get all your extra shares due to the offer being undersubscribed and lose even more money.

It's your funeral, but I know what I am going to do.
 
so as long as i apply before the 20th i should be safe as long as the market doesnt tank before the 26th


and gooner, ur plan is to wait till the last possible day see if the market held up and then subscribe right?

im gunna take a punt and subscribe before the 20th
 
i just came back from the bank and post office. sent in my monies =) if all goes well and so far the sp seems to be holding, ill get my entitlement by wednesday and see some massive selling lol
 
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