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Well the pan out was a withdrawal of the GPT bid after they entered into an agreement with Dexus to carve up the CPA assets when Dexus completes the purchase of CPA. Even though GPT was effectively unshackled from the CPA bid the GPT share price did not rebound to and hold previous levels, prompting GPT to resume their buy back when the share price retreated to $3.60. It would seem that the fund managers (as outlined above) may still be annoyed with the GPT bid. Obviously the GPT share price would also be impacted like the rest of the A-REIT Sector by the international goings on, Crimea, Chinese Shadow Banking, the easing of Quantative Easing and Glen Stevens jawboning the Aussie economy.[ATTACH]57476[/ATTACH]Personally I think GPT is way overdue for a bounce but that is only my two cents worth. As always do your own research and good luck.
Well the pan out was a withdrawal of the GPT bid after they entered into an agreement with Dexus to carve up the CPA assets when Dexus completes the purchase of CPA. Even though GPT was effectively unshackled from the CPA bid the GPT share price did not rebound to and hold previous levels, prompting GPT to resume their buy back when the share price retreated to $3.60. It would seem that the fund managers (as outlined above) may still be annoyed with the GPT bid. Obviously the GPT share price would also be impacted like the rest of the A-REIT Sector by the international goings on, Crimea, Chinese Shadow Banking, the easing of Quantative Easing and Glen Stevens jawboning the Aussie economy.
[ATTACH]57476[/ATTACH]
Personally I think GPT is way overdue for a bounce but that is only my two cents worth. As always do your own research and good luck.
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