these guys would be adding the equivalent at least 1c per share to their cash every month or about $10 million per month. why anyone thinks that would not help increase share price over time on the basis they are not splashing it at shareholders is crazy.
in the worst iron ore prices we have had in many many years these guys made a $90 million profit. This from a less than $300 million company with approx $200 million cash and debtors. If you analyse the two previous years results they actually had strong underlying profits also but used asset writedowns (non-cash) to create losses.
10c was a major bargin. at 23c this is still super cheap in view of the current prices they would be receiving.
but if you solely focused on the fact that dividend yield is just under 5% then you might sell and in future years when they pay 10% plus yield again you can buy it back at much higher prices.
- Forums
- ASX - By Stock
- Ann: Dividend/Distribution - GRR
these guys would be adding the equivalent at least 1c per share...
-
- There are more pages in this discussion • 22 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
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $289.3M |
Open | High | Low | Value | Volume |
25.5¢ | 25.5¢ | 25.0¢ | $211.2K | 838.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 439133 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 95475 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 439133 | 0.250 |
5 | 223086 | 0.245 |
22 | 375832 | 0.240 |
11 | 259498 | 0.235 |
10 | 158579 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 95475 | 3 |
0.260 | 191965 | 7 |
0.265 | 149325 | 5 |
0.270 | 164537 | 4 |
0.275 | 293998 | 5 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
Featured News
GRR (ASX) Chart |