They definitely are too conservative with the dividend policy - and we have talked to topic to death over the last 12 months so not much to add.
Regardless of the current situation, I see no reason to lift the 25% to 40-50% of profits. That still allows cash balances to be healthy and growing.
Grange's Iron ore pellets at A$427/tonne, page-50
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Last
27.3¢ |
Change
0.013(4.81%) |
Mkt cap ! $306.6M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.5¢ | 26.3¢ | $240.5K | 892.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 32406 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 233461 | 19 |
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| Last trade - 13.13pm 17/10/2024 (20 minute delay) ? |
| GRR (ASX) Chart |