GRR

0.00%

33.0¢ grange resources limited.

10% yield - only IO Junior to pay dividend, page-54

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Thompsjz69

1,583 Posts.

02/03/15

13:25

Post #: 14844424

Originally posted by JGPM ↑

JP Morgan are quick to mention the higher costs...but never mention the higher price per tonne received. GRR are making good money prices today, yet JP Morgan fails to recognise this. Does their analyst have his head shoved up his @SS?

Column 1

1 Surprise Dividend From Grange Resources Catches J.P. Morgan's Eye -- Market Talk

2 02/03/2015 9:33AM

3 2233 GMT [Dow Jones] Grange Resources Ltd.'s (GRR.AU) declaration of a year-end dividend was certainly the highlight of its 2014 earnings report, says J.P. Morgan analyst Luke Nelson. Given the downturn in iron-ore prices and GRR's higher costs compared to other Australian producers, J.P. Morgan hadn't been expecting a payout from the miner. "Notwithstanding the subdued J.P. Morgan iron-ore price deck, we note the company's solid cash balance and propensity to return cash to shareholders; as such, we now forecast a A$0.01 final dividend over 2015 and 2016," Nelson says in a note. Still, he retains an Underweight rating and A$0.08 target. GRR last traded at A$0.105. ([email protected]; Twitter: @RhiannonHoyle)

Expand

He must have cause it sure isn't shoved in the market reports from the company, otherwise he's be aware of this.

GRR Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held

1 Upvote

0 Great analysis

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(20min delay)
Last 33.0¢		Change 0.000(0.00%)		Mkt cap ! $384.8M

Open	High	Low	Value	Volume
33.0¢	33.5¢	33.0¢	$168.5K	508.9K

Buyers (Bids)

No.	Vol.	Price($)
6	102285	33.0¢

Sellers (Offers)

Price($)	Vol.	No.
34.0¢	47132	2

View Market Depth

No.	Vol.	Price($)
6	102285	0.330
8	223272	0.325
18	425958	0.320
8	207592	0.315
14	215793	0.310

Price($)	Vol.	No.
0.340	47132	2
0.345	127614	5
0.350	29427	2
0.355	76577	2
0.360	28222	2

Last trade - 16.10pm 26/07/2024 (20 minute delay)

GRR (ASX) Chart

10% yield - only IO Junior to pay dividend, page-54

Opyl forms JV with UK and US consortium to bring products to the world

Geochemical work at Newington picks up gold and copper anomalies for Midas

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

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	Column 1
1	Surprise Dividend From Grange Resources Catches J.P. Morgan's Eye -- Market Talk
2	02/03/2015 9:33AM
3	2233 GMT [Dow Jones] Grange Resources Ltd.'s (GRR.AU) declaration of a year-end dividend was certainly the highlight of its 2014 earnings report, says J.P. Morgan analyst Luke Nelson. Given the downturn in iron-ore prices and GRR's higher costs compared to other Australian producers, J.P. Morgan hadn't been expecting a payout from the miner. "Notwithstanding the subdued J.P. Morgan iron-ore price deck, we note the company's solid cash balance and propensity to return cash to shareholders; as such, we now forecast a A$0.01 final dividend over 2015 and 2016," Nelson says in a note. Still, he retains an Underweight rating and A$0.08 target. GRR last traded at A$0.105. ([email protected]; Twitter: @RhiannonHoyle)

10% yield - only IO Junior to pay dividend, page-54

Top Stories

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Geochemical work at Newington picks up gold and copper anomalies for Midas

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Featured News

Buyers (Bids)

Sellers (Offers)

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