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Does MM regard GPT as a buy today?

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Does MM regard GPT as a buy today?

Can I please have your views on the update and whether you consider GPT a "Buy" at current levels or if your ideal entry point still sits below $4.00? You have previously mentioned a $3.90 entry and a $3.80-$3.90 range. Thanks, Darren

Answer

Hi Darren,

In hindsight we missed GPT under $4 but that’s always the risk with running real money portfolios, you simply cannot buy everything! Obviously, the risk/reward is not as good but anything back towards the $4.15-4.20 area looks attractive at this stage of the cycle.

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GPT Group (GPT)
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