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.
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Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $289.3M |
Open | High | Low | Value | Volume |
25.5¢ | 25.5¢ | 25.0¢ | $11.30K | 44.50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 577204 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 175894 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 28173 | 0.255 |
12 | 564189 | 0.250 |
4 | 120570 | 0.245 |
23 | 392333 | 0.240 |
11 | 259498 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 4614 | 3 |
0.230 | 1601 | 1 |
0.250 | 10874 | 2 |
0.255 | 88369 | 3 |
0.260 | 116459 | 4 |
Last trade - 10.04am 11/09/2024 (20 minute delay) ? |
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