Australia's largest stock trading and investment forum Australia's #1 stock forum

GRR

3.85%

25.0¢ grange resources limited.

10% yield - only IO Junior to pay dividend, page-54

First 54 Last

Thompsjz69

1,583 Posts.

02/03/15

13:25

Post #: 14844424

Originally posted by JGPM ↑

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

1 Surprise Dividend From Grange Resources Catches J.P. Morgan's Eye -- Market Talk

2 02/03/2015 9:33AM

3 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)

Expand

He must have cause it sure isn't shoved in the market reports from the company, otherwise he's be aware of this.

GRR Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held

1 Upvote

0 Great analysis

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BUX

Buxton projects new graphite province discovery at WA Narryer play

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

There are more pages in this discussion • 14 more messages in this thread...

First 54 Last

Add GRR (ASX) to my watchlist

(20min delay)
Last 25.0¢		Change -0.010(3.85%)		Mkt cap ! $289.3M

Open	High	Low	Value	Volume
26.5¢	26.5¢	25.0¢	$668.5K	2.619M

Buyers (Bids)

No.	Vol.	Price($)
4	111945	25.0¢

Sellers (Offers)

Price($)	Vol.	No.
25.5¢	37336	6

View Market Depth

No.	Vol.	Price($)
1	10000	0.250
11	320378	0.245
11	312846	0.240
4	91384	0.235
11	284504	0.230

Price($)	Vol.	No.
0.260	30000	1
0.265	155504	1
0.270	179074	3
0.275	212000	2
0.280	117000	3

Last trade - 16.10pm 04/10/2024 (20 minute delay)

GRR (ASX) Chart

10% yield - only IO Junior to pay dividend, page-54

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

	Column 1
1	Surprise Dividend From Grange Resources Catches J.P. Morgan's Eye -- Market Talk
2	02/03/2015 9:33AM
3	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)

10% yield - only IO Junior to pay dividend, page-54

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News