Australian (ASX) Stock Market Forum

GTP - Great Southern Plantations

Re: Great Southern Plantations (GTP)

GTP Up 18c today to $2.94
Does anybody know why?
 
Re: Great Southern Plantations (GTP)

bear trap maybe...who knows, maybe an institution decided not to sell today and has started selling now....better to get $2.94 than $2.70
 
Re: Great Southern Plantations (GTP)

You could be right (beartrap)
Up 31c 5M Turnover
That's over 10% in one day
Now $3.07 ($3.09 High)
No news!!!
 
Re: Great Southern Plantations (GTP)

Do you think the ASX will ever query the share price movement? Do you think that ASIC will get off their ass and do a full and proper investigation into any insider trading or share price manipulation?

Do you think that lots off rumours maybe being spread from people in the GTP finance and legal compliance section to their friends and associates in other places of work like the managed funds analysis sections and other related areas?
 
Re: Great Southern Plantations (GTP)

I have no idea what has caused this SP increase.
One possibility I can think of is that the price has dropped so much that one or more brokers could have changed it from a "SELL' to a "BUY".

Julia
 
Re: Great Southern Plantations (GTP)

Just remembered: it goes ex-dividend (10c) on 9 September.

Julia
 
Re: Great Southern Plantations (GTP)

Player Ticker Entry price Current price Gain/Loss Change in %
1. chicken SBM 0.180 0.205 0.025 13.89%
2. dutchie TOX 0.058 0.065 0.007 12.07%
3. Battman64 GTP 2.770 3.070 0.300 10.83%

Just for when Battman gets back
He will not believe this :)
 
Re: Great Southern Plantations (GTP)

Re stock going ex dividend: If you assumed the 31 cent rise last Friday was due to coming dividend, then obviously you'd assume it would fall after the ex-div date. However, I just can't see that the 10 cent dividend would suddenly come into play like that.

The Intelligent Investor are reviewing GTP in their next issue. So far have no indication as to their recommendation.

Will post separately a question re usefulness of Intelligent Investor.

Julia
 
Re: Great Southern Plantations (GTP)

TheAnalyst said:
Any one got any thoughts on GTP "where to from here?"
Wish I did. Down 14 cents today.

"The Intelligent Investor" has today come out with a HOLD recommendation.
An email I received today from the analyst who did the report suggested falling share price represented an opportunity to buy more.

Julia
 
Re: Great Southern Plantations (GTP)

Julia said:
"The Intelligent Investor" has today come out with a HOLD recommendation
Easy for them to say, since they're not the ones holding it :rolleyes:


the analyst who did the report suggested falling share price represented an opportunity to buy more
Personally I prefer to buy when I see prices rising. During a down-trend like this particularly, I wouldn't buy more (or any in my case) until I'd seen definite signs of steady upward movement again.

And I ain't seen that yet.

Cheers,
GP
 
Re: Great Southern Plantations (GTP)

TheAnalyst said:
Any one got any thoughts on GTP "where to from here?"

Wasn't there an annct about some sort of debt issue? TREES3 or something like that? Wouldn't that reduce demand for the fpo's? Just wondering about dilutionary effects etc.
 
Re: Great Southern Plantations (GTP)

wow... anyone knows why this share is going up???

(sorry, can't seem to work out to to post a chart!)
 
Re: Great Southern Plantations (GTP)

Tech-A

Could this be one stock which fits your category on another thread of going against the trend? Has gone up all of the last three days against the general downtrend of the market, and I've also noticed in the past when the market has been up, GTP has tended to drop. This is certainly not a scientific observation, but I wondered if you'd like to look at some charts from your sophisticated software and comment on the above apparent trend?

Julia
 
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