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 0 Surprise Dividend From Grange Resources Catches J.P. Morgan's Eye -- Market Talk 1 02/03/2015 9:33AM 2 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)
- Forums
- ASX - By Stock
- GRR
- 10% yield - only IO Junior to pay dividend
10% yield - only IO Junior to pay dividend, page-53
-
- There are more pages in this discussion • 15 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
|
|||||
Last
30.0¢ |
Change
0.005(1.69%) |
Mkt cap ! $347.2M |
Open | High | Low | Value | Volume |
30.0¢ | 30.0¢ | 29.5¢ | $237.6K | 796.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 39651 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 29998 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 39651 | 0.295 |
13 | 287130 | 0.290 |
10 | 187386 | 0.285 |
31 | 1155312 | 0.280 |
10 | 275787 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 29998 | 1 |
0.305 | 151997 | 5 |
0.310 | 80723 | 6 |
0.315 | 189855 | 4 |
0.320 | 109752 | 5 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
Featured News
GRR (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online