80 c by Xmas is a big call.
Whilst ever the RBA continues to resist further rate reductions we will see a strong A$. It also helps that the Japanese are strong buyers of our $. When they stop, look out. However, the yen is looking sick so they should support the A$ a bit longer.
It does not help that Mac Bank have a long term price target on GRR of 13c and doubt they will generate positive cash flow over the next few years. They also predict dividend may have to be dropped in order to save cash.
I have changed my sentiment (and position) on GRR (with great sadness).
AUD has hits 91c, page-2
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Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $381.9M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.5¢ | 33.0¢ | $168.5K | 508.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 102285 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 47132 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |