GOZ – UBS rates the stock as Neutral

Growthpoint has provided FY14 earnings guidance of 19.9-20.0cps and the extended its debt on more stringent covenants, increasing weighted cost to 6.71%. The broker is forecasting 20c EPS and notes GOZ’s commitment to reducing LVRs. While the new covenants are tighter the broker notes GOZ still has plenty of headroom.

Read More