Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James, GMG issued a $500M sustainability bond this week that sent the share price down considerably. Could you please explain what the implication of this is and what it may mean for future share price performance? Many thanks
Hi Alex,
The GMG sustainability bond shouldn’t have any major impact on the companies share price assuming investors are comfortable with how the business intends to use these funds and there’s nothing unusual happening here. We remain long the stock believing it represents great value into current weakness around $21.
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