The largest shareholder is the customer - the board will therefore prioritize whatever the best outcome is for the customer which is at odds with the best interest of other shareholders (maximise returns vs stable supply).
Normally a co would distribute or invest spare funds so shareholders can earn a return on alternative investments if they don't have growth opportunities exceeding those of individual investors.
GRR don't care about maximizing shareholder wealth - that's not their primary concern and so it leads to a discount. Buying shares in a co whose management's interests are not aligned with you as a shareholder is bound to mean a discount imo.
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Last
26.0¢ |
Change
0.010(4.00%) |
Mkt cap ! $300.9M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.5¢ | 25.5¢ | $381.1K | 1.474M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 72898 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 21107 | 1 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| GRR (ASX) Chart |