Australian (ASX) Stock Market Forum

GPT - GPT Group

Jump to new
I have recieved some information from gpt

regarding a specie dividend of bgp holding:
the gpt groups interest in the european component
of the babcock and brown joint venture

can any one shed some light on this ?
 
I've just been flicking through some of the property stocks, and notice GPT's SP has been doing quite well.

I see a dividend of 17.5% is being quoted. That sounds unrealistically high.
Does anyone know any background on this Group, esp with regard the dividend?
 
VALUE Company All Ords Sector
P/E ratio 10.46 13.94 8.77
P/B ratio 0.45 1.59 0.58
P/E Growth ratio 10.00 1.88 10.00


Hi everyone. Thinking about buying GPT stock. I'm a N00B so I was wondering what do you think? Price to bookvalue looks promising and the Price to earnings implies confidence in the company..right?

Thanks for your help!
 
Julia said:
I see a dividend of 17.5% is being quoted.
Click to expand...
That might be historical and include dividends pre-capital raisings which were much higher than the latest two quarterly distributions.

Annualised the latest quarterly distribution equates to a yield of 6.7% based on a share price of $0.60.
 
GPT unloaded GPT - Halverson for 2 Euros. The share price dropped to $0.545 then rebounded to $0.595 befor settling back to $0.57.

GPT then announced it had sold of the Resort section of assets (not including Ularu Resort, yet) and is well on it's way to achieving a trimmed back Australian version.

You would suspect these developments would make GPT more attractive to a potential take over by SGP? At yesterdays close of $0.565 it represents a significant discount to the NTA of $0.71.
 

Attachments

  • gpt_ax18jun09_to_26dec09.png
    gpt_ax18jun09_to_26dec09.png
    11.1 KB · Views: 203
Theo ended up in a wheel chair. But that is not to say he could not gain speed and momentum. The 'buy and 'hold' arrangement, at the moment, is for those with their hands on their heart. I call the curent market the 'sex market' because it goes down faster than it goes up.
 
Bryan Carlin said:
Theo ended up in a wheel chair. But that is not to say he could not gain speed and momentum. The 'buy and 'hold' arrangement, at the moment, is for those with their hands on their heart. I call the curent market the 'sex market' because it goes down faster than it goes up.
Click to expand...

Perhaps you are forgetting the viagra stimulus of the compulsory 9% superanuation contribution. This has the effect of underpinning the xao and providing a concistant source of funds for the superannuation funds to play their buying and selling games.
 
Bump on this stock :) anyone doing anything with it lately?

they seem to be on a bit of a turnaround. yet still burning money perhaps?
 
GPT has tracked sideways since mid December2009. It appears to find support in the $0.545 - $0.56 area but its' high have been reducing (recent highs $0.63, $0.62, $0.61).
It has unloaded most of it's non core assets and is focusing on Australia (I believe it still has US assets and the Hotel/Resort at Ularu).
The Dividend has been cut to a lower proportion of income after costs and represents a poorer yield than previous years. It is still trading at a significant discount to NTA when compared with the likes of CPA, CFX and SGP. SGP continues to maintain a strong presence on the share register of gpt.
It could be worth accumulating a parcel on the lows, even as a spec for any takeover/merger actvities that may emerge as the economy recovers.
I personally feel it needs to break through $0.60 and hold otherwise I would wait for a retrace to $0.58 before getting some more.
 

Attachments

  • gpt-13mar10.png
    gpt-13mar10.png
    10.8 KB · Views: 145
I would buy at 56.5c-57c and sell at 59-60c , your buy in price with this stock has to be correct to make money , one good thing is that it trades high volumes , so it's not hard to sell .Its just hard to buy at the right price .

I would not be a long term holder of this stock , but day trading is profitable at the correct price .
 
Well it tapped $0.60 then fell back appearing to find some support at $0.575. If it holds this support level it could breakout above the upper level of the downward trend pattern. If it doesn't hold at $0.575 it appears the next support level is $0.545. Volumes are still good but the discount to net tangible assets is now increasing.
 

Attachments

  • gpt-09sep09_to_19mar10.png
    gpt-09sep09_to_19mar10.png
    7.1 KB · Views: 116
The last three days trading saw a spike in volumes with turnover lifting above 60 million shares turn over per day (104 million on Thursday).
$0.575 became a resistance point and $0.56 a support point with only a brief dip to $0.555. The longer term indicators show a falling trend line with the share price gradualy reducing to the support level of $0.545.
This represents an increasing discount to the net tangible asset (nta) backing per share. Surprisingly gmg (which has a history of trading in close proximity to the gpt value) is trading in the area of $0.60 - $0.62.
The reletive strength chart is starting to move in the right direction, but it is still hard to see the share price getting above the upper (downward) trend line, which is now down arround the $0.59 level.
Do the increasing volumes suggest it may be building for a breakout?
 

Attachments

  • gpt-19-mar-2010.png
    gpt-19-mar-2010.png
    12.5 KB · Views: 92
The Exponential moving average continues to fall while the relative strength index has started to climb out of the oversold territory. The volumes are increasing in this support price range but how do you decide that this represents someone (buyers) accumulating as against someone else (sellers) unloading.
The discount to NTA is increasing and the dividend/yield as a percentage of the share price is improving for anyone entering at this level with a view to a hold. At $0.56 the minimum annual div outlined in the Annual Report represents a return of 5.36%.
Will they get cheaper next week? I hope not after Wednesday. I picked them for the stock tipping competiton for April.
 

Attachments

  • gpt - 26-03-2010.png
    gpt - 26-03-2010.png
    12.4 KB · Views: 84
Hey guys

My portfolio shows that my holdings in GPT is trading at 0 $ :(

does anyone know whats going on

have I lost all my money ?
 
comsec advised it would take 24 hours for the change to take effect in the portfolio holding statement.
 
nulla nulla said:
comsec advised it would take 24 hours for the change to take effect in the portfolio holding statement.
Click to expand...

Sorry about my ignorance but

What change :S

ohh wait is it an error with etrade/commsec ?

Thanks in advance,
Prem
 
got same scare but no need to panic: GPT consolidating 1 for 5 end of the month; curently trading till this is fone as GPTDA
take your number of shares, divide by 5, and you have your equivalent GPTDA last trade today:$2.8
 
here is the news from Sydney Morning Herald
Recovering property trust GPT Group has gained the backing of investors for a plan to roll every five units in it into one. The resolution passed at the AGMon 10 May 2010 means the price per share will rise above the critical $A1 levelthat applies to many large institutions' stock buying criteria. Thedividend will also rise five-fold to $A0.15. On the day the shares closed $A0.15higher at $A0.55
 
So... does that mean if i have 100 shares now will become only 20?
Sorry I am kind of confused by all these news
 
Top