All ASX listed companies have foreign shareholders. What a special insight. Is there another ASX company though, with its largest shareholder, e.g. Shagang, holding 47.90 percent? By the way, the second largest shareholder of Grange, Pacific International holding 6.70%, has a Sydney address but does not find it necessary to be registered for GST. This probably means it is a shell company owned by another entity. I wonder who that could be? Your comparison stats really only reflect the fact that MGX is in the ASX300 and GRR is not. Therefore, most fund managers can invest in MGX, in fact the index tracking funds must invest in MGX. Rocket, you frequently bemoan the fact that analysts and the big end of town don't take notice of GRR. There's the main reason, not that they are lazy or incompetent..
[Only back playing here because it is raining and Gladys has us locked up] Foreign entities are capital gains tax exempt? Thanks for bringing that up. That gives Shagang another good reason to minimise the dividend payout. By keeping as much money as possible within Grange, it means they won't pay CGT if/when they sell part or all of their holding. They will export their profit on the sale CGT free. Correct? Oddly, in the June quarter just ended, the share prices of GRR and MGX tracked each other about as closely as two unrelated companies could. Both ended up a tad more than 16% up for the quarter. Remember " past performance is no guarantee of future results", eh!
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