It's going to be interesting to see whether the SP could possibly drop to cash backing (or even less?) if a confluence of factors occur at the same time, i.e. IO prices wobble right just when it goes ex-dividend along with a wider market wobble. It could conceivably be possible as the jawboning of IO continues and all the indices are currently at or near peaks. I'm going to keep my holdings as is for now and have some cash ready and wait on the sidelines a bit for the timebeing to see how it plays out over the next month or two.
Serious question... has anyone ever in their experience seen a company that's profitable with a market cap at cash backing or less?
Ann: Dividend/Distribution - GRR, page-103
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $306.6M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.5¢ | 26.0¢ | $355.2K | 1.323M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 657186 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 1041 | 2 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| GRR (ASX) Chart |