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Thread: Property Shares

  1. 23-10-2019, 02:34 PM #61
    Beagle
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    GMT rights issue substantially oversubscribed. People super keen to throw heaps more money at the company, (despite egregious paperwork requirements), at $2.10 when the last reported net tangible asset backing of the company is just $1.57. Hmmmmm...We live in interesting times.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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  2. 23-10-2019, 02:49 PM #62
    RTM
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    Quote Originally Posted by macduffy View Post
    Unless, of course, you credit them with the ability to invest particularly astutely in that market?
    No….I don't think they are particularly astute. Just a good property company. As such while they might replace the property with one more in line with their strategy, they will be buying on the same market as anyone else. And relying on time to do its job. Up or down. I'm OK with that. I don't expect miracles.
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  3. 25-10-2019, 01:57 PM #63
    Kelvin
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    I was allotted less than a third of my GMT rights issue application
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