GRR 1.96% 26.0¢ grange resources limited.

I, unfortunately, had to sell most of my holding a few months...

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  1. 14,051 Posts.
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    I, unfortunately, had to sell most of my holding a few months ago - off-set being that the funds have generated a lot of profits so can't feel too bad.

    In any case, GRR remains a favourite share and I think the recent SP rise demonstrates how undervalued GRR is - particularly as it is an "income" share and any capital value rise has to be a welcome bonus.

    You are right in saying that investors will want to get into the high dividend yield. Not speculating too much on the next one but it could well be in the 1.5-2 cents range - even if that involves a special additional dividend and that will start to bring in investors. With the continued strength of pellet prices, we could well be seeing a 2 cent dividend twice this calendar year. That has to lock in at least a 40-50 cent SP in 2021.
 
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Last
26.0¢
Change
0.005(1.96%)
Mkt cap ! $300.9M
Open High Low Value Volume
26.0¢ 26.5¢ 25.5¢ $224.3K 860.7K

Buyers (Bids)

No. Vol. Price($)
4 121209 26.0¢
 

Sellers (Offers)

Price($) Vol. No.
26.5¢ 286541 9
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Last trade - 16.10pm 11/10/2024 (20 minute delay) ?
GRR (ASX) Chart
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