16/11/2023 09:25

Goodman Group (GMG) $23.55

Our most recent property purchase, GMG, made fresh 2023 highs on Wednesday, and again, it would be easy to grab a quick profit, but the reasons we bought GMG remain, especially its evolution into data centres; hence, we are not planning to sell in the foreseeable future.

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09/11/2023 09:11

Goodman Group (GMG) $22.33

We have recently bought GMG, so there's nothing really new to add to recent comments, it’s a top-quality stock pivoting into an attractive new area with low gearing and a huge war chest to buy assets if/when they become attractive over coming years – recent MM GMG Comments.

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06/11/2023 16:47

Goodman Group (GMG) $21.95

GMG -0.41%: the global industrial property company was out with a 1Q update which was largely as expected, though shares were slightly lower up against a small gain for the broader Real Estate sector. They completed $1b of work in the quarter, Net Property Income was up 4.9% on a like-for-like basis and occupancy remained strong at 99%.

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03/11/2023 09:18

Goodman Group (GMG) $21.67

MM bought GMG last week to increase our real estate exposure in anticipation of an eventual decline in bond yields, almost on cue, Jerome Powell has ignited the sector, sending our new purchase to surge +9.5% from its lows – we wish all positions started off this well!

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02/11/2023 09:13

Goodman Group (GMG) $21.20

GMG closed up +2.2% on Wednesday, taking its recovery from this week's low to +7% and counting. We believe GMG's expansion into data centres is an excellent strategic move, with demand for such facilities outstripping supply, as this new growth trend appears to be only in its infancy.

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24/10/2023 10:19

Trade Alerts – Active Growth Portfolio

MM is taking profit on WDS and buying GMG in the Active Growth Portfolio

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24/10/2023 09:03

Woodside Group (WDS) v Goodman Group (GMG)

The Energy Sector and oil prices have both failed to post recent highs even as the Israel-Hamas conflict continues to dominate the news, not a fresh concern for MM, but one that has been percolating for a few weeks. The reason for our position in WDS has largely gone, and with no dividend in the coming months, we question why MM is still holding the stock. We are showing a +3.7% paper profit in WDS before this morning's opening.

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11/10/2023 09:12

Goodman Group (GMG) $22.06

GMG shares reacted positively to their result in August, which revealed a 16% jump in earnings per share (EPS), which was slightly ahead of guidance plus the company expect another 9% gain in FY24. However, arguably the biggest lift for the stock came from comments about the future direction of the business, the company announced that data centres are set to be the next step in its evolution

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18/08/2023 09:06

Goodman Group (GMG)

After an early sell-off, GMG reversed strongly on Thursday to close up +5.7%, an impressive reaction to its annual result, especially in a weak market. Importantly GMG has unveiled that data centres are set to be the next step in the evolution of the business - sounds exciting when we consider that NEXTDC (NXT) has more than doubled post-COVID to become a $6.7bn monster of the space.

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17/08/2023 17:16

Goodman Group (GMG) $20.88

GMG +5.72%: First take of the numbers this morning looked a slight miss on FY24 guidance ( earnings growth +9% v +11% consensus), however, the market looked through that, and assumes they’ll upgrade throughout the year (as is the norm), and importantly, be one of the very few property companies that are showing growth in a tough market.

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