Personally I think an on market share buy-back would be good. Even if they just announce 5 %. They will of course need to make an announcement to the market before they do such a thing, however they would not need shareholder approval. A 5% buy back would cost about 8.6 million and they would be under no obligation to buy all 5%. It would be a good way to return some value by increasing shareholder equity and would also serve to stabilise the share price going forward.
I reckon another half cent interim dividend would also go down a treat and would cost another 5.8 million + final dividend of 1 cent is another 11.6 million. Total yearly outlay would be around 26 million. ( So very reasonable ). Gives us punters a 10% return @ 15 cents + increased equity through the buy-back program.
To add a little bit of excitement to the mix - they might possibly have found equity partner/s to take a share of Southdown. Any hint that Albany is back on - then who knows what could happen to the share price.
- Forums
- ASX - By Stock
- GRR
- Have we finally broken through the 12c ceiling?
Have we finally broken through the 12c ceiling?, page-30
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GRR (ASX) to my watchlist
(20min delay)
|
|||||
Last
28.8¢ |
Change
0.013(4.55%) |
Mkt cap ! $332.7M |
Open | High | Low | Value | Volume |
28.5¢ | 29.5¢ | 28.5¢ | $257.3K | 886.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 227987 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 86829 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 227987 | 0.285 |
10 | 219650 | 0.280 |
7 | 267962 | 0.275 |
8 | 132102 | 0.270 |
4 | 53807 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 86829 | 11 |
0.295 | 124188 | 7 |
0.300 | 271956 | 10 |
0.305 | 209708 | 4 |
0.310 | 176222 | 6 |
Last trade - 10.47am 30/09/2024 (20 minute delay) ? |
Featured News
GRR (ASX) Chart |