When the boat comes in???, page-1462

First 1462 Last

Share
Profile

Follow
alex123711

623 Posts.

24

19/10/20

13:21

Post #: 48201048
Share

Originally posted by rocket973: ↑

It never pays to fall in love with a stock, nor does it pay to be impatient.
I've been a holder of Grange for more than 13 years so I've seen the ups and downs, plus being a good friend of a past Chairman has given me depth of knowledge that many don't have.

" I think if you dig into ownership/structure there's a bit more to it than that. "

My knowledge of GRR management is far more than you realise.
Some months ago you had the opportunity to buy GRR shares at 15 to 16 cents. I did.
The gain on shares bought at 15c is 60%. Profit is always related to the price you originally purchased the shares. The GRR shares I bought some years ago at 8c are up 300%.
The dividend and Franking credits far outweigh any other shares.
Buying FMG when it was 20 cents is far better.
When I bought ALL at $2.70 is far better too. I remember having discussions with shareholders like yourself some years ago when ALL was at $2 to $3, look at the shareprice now ie $30. I've had 3 new 4x4 vehicles over the time in profits. I laugh at those dimwitted people who suggested I sell at $4.
I've stuck with GRR over the years, the Grange divi I get paid now is 4 times the pension and the Franking Credits an extra bonus.

"I've grown very fustrated with management."

Yes, the real estate venture was plain dumb, I won't deny that. Hopefully the lesson has been learnt and they don't venture down that track again.

Maybe when you look at Grange in a few years time it will no longer be 24-25c. Its downside is limited and the upside is at least double.

Expand

When did you buy at 8 cents?

GRR Price at posting: 24.8¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

REA

UK-based Rightmove knocks back REA Group's acquisition proposal

MAY

HotCopper users liking Melbana Energy's news it's becoming an oil producer; shares jump +47%

S&P 500 futures dip during non-deciding Trump-Harris Debate; bullish for energy

PIQ

Proteomics ends deal with Sonic Healthcare for US commercialisation of kidney disease test

LU7

Lithium Universe 'dream team' ready to step into the demand-supply breach in Canada

There are more pages in this discussion • 390 more messages in this thread...

First 1462 Last

Add GRR (ASX) to my watchlist

(20min delay)
Last 25.5¢		Change 0.005(2.00%)		Mkt cap ! $295.1M

Open	High	Low	Value	Volume
25.5¢	26.0¢	25.0¢	$187.5K	735.3K

Buyers (Bids)

No.	Vol.	Price($)
17	210248	25.5¢

Sellers (Offers)

Price($)	Vol.	No.
26.0¢	348869	41

View Market Depth

No.	Vol.	Price($)
17	266646	0.255
19	628482	0.250
10	133188	0.245
25	461815	0.240
13	334991	0.235

Price($)	Vol.	No.
0.260	351274	41
0.265	197177	13
0.270	117295	5
0.275	287205	7
0.280	98929	4

Last trade - 14.52pm 11/09/2024 (20 minute delay)

GRR (ASX) Chart

When the boat comes in???, page-1462

UK-based Rightmove knocks back REA Group's acquisition proposal

HotCopper users liking Melbana Energy's news it's becoming an oil producer; shares jump +47%

S&P 500 futures dip during non-deciding Trump-Harris Debate; bullish for energy

Proteomics ends deal with Sonic Healthcare for US commercialisation of kidney disease test

Lithium Universe 'dream team' ready to step into the demand-supply breach in Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

When the boat comes in???, page-1462

Top Stories

UK-based Rightmove knocks back REA Group's acquisition proposal

HotCopper users liking Melbana Energy's news it's becoming an oil producer; shares jump +47%

S&P 500 futures dip during non-deciding Trump-Harris Debate; bullish for energy

Proteomics ends deal with Sonic Healthcare for US commercialisation of kidney disease test

Lithium Universe 'dream team' ready to step into the demand-supply breach in Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News