GMG - Goodman Group

[No Gain]

Now I know why GMG have been going up - ING have increased their stake to 7.08% from 5.92% and business is improving as this is a quote from the CEO. Goodman’s CEO Greg Goodman, said: “We are experiencing renewed customer and investor demand in the UK and across our markets around the world.”

Will it get back to the old days of $7 a share? I doubt it but how high will they go? Any projections out there

 

[williamlvs]

Citibank property analysts yesterday upgraded Goodman from a "sell" to "buy" recommendation, setting a target price of 66c for the stock.

The shares closed at 62.5c yesterday, up 0.5c. UBS last week upgraded the stock from "neutral" to "buy" on a target price of 72c.

Information from From: The Australian June 01, 2010 12:00AM

way to go

 

[stefan_invester]

been trading GMG for a while now, and i belive that
GMG is very cheap at these current prices, and are a bargain to buy now

does anyone know when the earnings results are out for GMG?
thanks

 

[No Gain]

been trading GMG for a while now, and i belive that
GMG is very cheap at these current prices, and are a bargain to buy now

does anyone know when the earnings results are out for GMG?
thanks

From their website:
"The Group’s distribution policy is to distribute the higher of 60% of the operating earnings and taxable income for the full year.

Goodman reaffirmed as part of its results announcement that a total Distribution per Security (DPS) of 3.4 cents is expected to be paid for the full year ended 30 June 2010.

These estimates are for the full year and assume no material changes to market conditions and no further dilution from the exercise of options and hybrid securities.

The distribution is reviewed by the Board at the end of each financial period in light of operating performance and current market conditions.

A DPS of 1.5 cents per security for the first half year was paid to securityholders on 26 February 2010. The second half year distribution is expected to be paid in August 2010."

 

[williamlvs]

Thanks for sharing of the information.

And the announcement might be at about 17 June.

Personally, I see the target price to 72c, after distribution.

 

[williamlvs]

Key dates for 2010

Announcement of estimated distribution 21 June 2010

Ex distribution date 24 June 2010

Record date for distribution 30 June 2010

Announcement of full year results 19 August 2010*

Distribution payment/Annual tax statement 26 August 2010*

Annual General Meeting 25 November 2010*

 

[stefan_invester]

Whats goin on with all these GMG trades at 0.627
and at 0.000 :S

im very confused,
but mabey it has something to do with the end of the financial year?
hopefuly someone can shed some light on this

cheers

 

[stefan_invester]

hey everyone, has been quiet in this thread

been holding GMG for about 2 months now, and been
following it,
it appears to have been trading in a sideways pattern having
support at around 0.615 or 0.62, and massive resistance at 0.645 0.65 imo.
and for the last 3 days of last week, it has closed steady at 0.625 on very small volumes.....
does anyone have any ideas of a breakout which my occur soon or whatever may happen?
their results are out on the 19, so mabey that has something to do
with the past months trading patterns imo.
cheers
stefan

 

[nulla nulla]

I traded this share a few times after March 2009, but I lost faith in it after the introduction of cornerstone investors which diluted share holder value. Also Mr Goodman sold a large parcel of his holding, for whatever reason, after which the price fell. Then he announced his intention to sell a personal property holding to GMG to be paid for by the issue of shares.

There didn't seem to be any problem with this from the Chairman Ian Ferrier (?) but I recently noted that the net tangible asset (nta) as reported by iress was less than the current share price. Comparing this aspect with other reit's where the nta is higher than the current share price made me disinclined to risk my funds trying to trade this share.

As always, it's your call, do your own reasearch.

 

[No Gain]

Anyone got any comments on todays announcement? Is it good bad or business as usual?

From SMH:

"Goodman Group chief operating officer Anthony Rozic said the proposed acquisition fitted with the company's Melbourne business strategy to own, develop and manage business space in prime locations.

"The site is currently occupied by major customers including Coca Cola, Visy, CASA, Oxford Aviation and DFO," Mr Rozic said in a statement.

"The proposed acquisition provides immediate investment income and a proven investment in the land-constrained market of inner south-east Melbourne, which would not be possible to replicate."

 

[No Gain]

Anyone got any comments on todays announcement? Is it good bad or business as usual?

NO responses to my earlier post but I guess the market responded with a GOOD as GMG were up 2 cents yesterday and it's looking like the buyers side of the equation is building nicely today - so I hope it's another up day.

Are there any followers of this stock and views on a long term hold. I've held them for a while now and have seen them up as high as 75 cents.

 

[stefan_invester]

hey no gain
yeah im with you on this one, ive been holding it for like 4 months now
and have been holding it for a year before that.
i really beleive in this stock imo, and i am for sure planning on holding it for long term
hopefully it will pay of.
it seems like a very good stock IMO

 

[No Gain]

i really beleive in this stock imo, and i am for sure planning on holding it for long term
hopefully it will pay of.
it seems like a very good stock IMO

Todays announcement shows improvement from the CFC crunch but also includes a forecast for increased earnings next year. Considering Westfields result I also think GMG are a solid stock as well. The industrial/commercial property market seems to be the place to be. Distributions are good and the share price seems to be improving so I think my investment is safe. It's a hold for me as well. Good luck to both of us.

 

[stefan_invester]

good to know theres someone out there like me haha
i assume your still holding even after todays action?
i sure am, and am also considering mabey buying more if the SP
falls any lower

 

[stefan_invester]

hey
was just looking at GMG course of sales today
and i noticed that the last few trades from about 4:27pm to 6:27pm
the trades had been done at 0.65 cents, which is 0.015 cents up from
what GMG closed.
im fairly new to all of this, and i love learning, so does anyone
know if this means anything?
thanks, Stefan

 

[No Gain]

Hi Stefan - I'm fairly sure that they are all Special Crossing cross trades. Special crossing cross trades can be done after market when a broker has two clients who agree to buy and sell shares to each other at a set price. They dont have to do it at Market price can be higher and lower. So obviously they all agreed to buy and sell at .65 cents.

As far as your earlier post following yesterdays 1.5cent drop, yep I'm still going to hold. Following the action on the US market today I presume our market will follow like the sheep we tend to be. However Goodman reported solid progress in this difficult environment in Europe Aust and Asia and expect to grow 19 -23pc next year as they are well placed in the market. Info from the quote below:

"Goodman expects a continuation of the subdued global market
conditions, contributing to a low-growth environment, with ongoing
limited access to capital and reduced competition.
This in turn is expected to generate a smaller number of
opportunities, but of higher quality, across the industrial property
sector.
Goodman is well-positioned to capitalise on these opportunities
given its specialist industrial focus; proven capability; leading global operating platform; extensive relationships with customers and
investment partners; and strong balance sheet.
The group expects to deliver a net profit before specific
non-cash and other significant items in FY2011 within a range of $370m
to $380m, represents growth of between 19pc and 23pc, with the upper end of the range being driven by the active aspects of the business."

 

[stefan_invester]

hey
ohk thanks for that,
just thought that it might have had some influence on the next
days trading, but guess not haha
yeah i like that information too, and today seems like a good day
to buy some more shares at a cheaper price imo, and of crouse
depending on how much you bought the share you currently have...

thanks again for the feedback
Stefan

 

[No Gain]

I'm not buying any I've got no spare cash left, fully invested. I picked my GMG up at 40cents so the return on my investment in well above what I would get in the bank. Also if it does the 19 - 23pc next year - I'm Laughing.

 

[stefan_invester]

oh wow lucky you aha
first time i bought in at 0.58, and now i bought in
at 0.665, and yeah im seeing that is hasent been a very good idea.
and ughh these sellers are really starting to annoy me,
just look at the market depth :|
looks radiculous imo...
oh well, just gotta wait and see i guess, if its been to 75 cents before
it can get there again imo

 

[No Gain]

oh wow lucky you aha
first time i bought in at 0.58, and now i bought in
at 0.665, and yeah im seeing that is hasent been a very good idea.
and ughh these sellers are really starting to annoy me,
just look at the market depth :|
looks radiculous imo...
oh well, just gotta wait and see i guess, if its been to 75 cents before
it can get there again imo

I don't trade that much, just buy and hold usually. Bought GMG in 2009, but also bought ANZ in 2007 for 27.25 and they still haven't got back anywhere near that but I'm happy enough collecting the dividends. Win some lose most. Down on ANZ, oex, qhl,mel,haw and ayn only up on GMG, WBC and CFE. CFE I'm hopeful for a good capital gain as they seem to be doing ok, buying mining assets proving them up and then selling them.