GPM 0.00% 88.0¢ geo property group

thirty million hit, page-8

  1. 786 Posts.
    lightbulb Created with Sketch. 4
    Bottomfeeder,

    Yes, I bought all the shares this morning (some 470,000) that traded prior to the sale of the 30m shares. I had nothing to do with the latter sale but I am wondering if I helped to triggered it off.

    It has gone quiet for the moment but I reckon Troy would be doing an off market sale for the rest of the Trojan holding. I am confident he will be gone before the end of the week. I prefer the shares to be spread around a bit rather than the whole 85m ending up in one holding.

    Trading seems to have stalled for the last hour or so but I think these are a good punt. The NTA is 35.8c, they paid 2.5c in dividends last year and so far this year we have had a 1c interim. If they can repeat the first half earnings in the second half the stock has a PE of 4.14. Today we see the removal of the overhang which I believe has been holding the share price down.

    This is my sort of stock

    GPASAS
 
watchlist Created with Sketch. Add GPM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.