Up another 12c to $3.53 over 4 million shares thru; looking like new chairman, change of audit firm and purchase of 13 premium centres for $29.7 mill has instilled confidence going forward.
Casting about for reasons to be cheerful (part three) i see s/p is up today when the streets are red; to $3.67 even after the overhang of NAB selling out.Phew
Stocksinvalue guy not entirely impressed with GEM and doesn't include it in his value portfolio
Questions sustainability of their business model and says 'G8 was a great investment for the early investors who then got out. It is less appealing now.'
Of he financial metrics his main reason for not liking is declining NROE .....but would e interested in value if price closer to BV (currently 2 times)
Found this on Business Spectator
Last edited by winner69; 16-11-2015 at 07:04 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
While its not a highest conviction stock in my portfolio i like the sector ,the new announncements above ,the rollups ; and am happy to see the breakaway chart.The previous chairlady had to go ;so many devious stories about her including hiring Actors for a GM!!. Just had alook at 4 traders and see an outperform and T/P$4.42. I don't have target price.
Last edited by Joshuatree; 18-11-2015 at 04:32 PM.
Reason: forget flu about previous research i have read
Download Document 399.91KB $212.8 mill Placement at re %9 premium to last share price but dilution ;12.45% extra shares. Debt reduced fro 2.2 to 1 .7 times. $200 mill to go to pay for re 50 more centres.
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