I'm in this morning @ .84. By my calcs GLG is down 20% from issue price of $1 last week and has had less than 1% of the 177m shares on issue change hands. The Gerard family hold about 52% and both AMP & CBA are subs. holders.
With a 2c div for 2H10 and est. 2011 yield of 6.2ff I reckon its good value.
But do your own research. I have been known to be wrong.
Riv
