If these guys were valued at a very modest P/E of 5 at 500M profit per annum and cash backing of 500M so MC of 3B the dividend yield would be under 1.5%.
The only reason the dividend looks ok is because the company is valued at near 0.
Ann: Dividend/Distribution - GRR, page-152
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Last
27.0¢ |
Change
0.010(3.85%) |
Mkt cap ! $312.4M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 28.5¢ | 26.5¢ | $751.7K | 2.744M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 21231 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 106676 | 3 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| GRR (ASX) Chart |