I don't agree that a dividend is to to blame for the relative slowdown in share price. Nor will a divi change the perception that GOR is a one trick pony, fully valued, without a short-medium term growth story.
You only need to look at RRL, a long-term stable divi payer, to see little correlation. In fact RRL is possibly the worst performer amongst its peers. Its constantly VERY undervalued to peers. I don't see a lot of happy HC divi receivers there. A 'stable' share registry of divi lovers hasn't stopped shorters there either.
GOR is trading around 1 year highs, whilst RRL is almost 30% down. Its shorts are increasing at a faster rate than GORs.
This is the time to derisk by paying down debt. Businesses with debt don't fare well during economic downturns. I would like to see some prudent expansion. The quicker GOR shows signs of growth potential, the quicker it will stop stagnating.
The amount to be gained from capital growth far outweighs any paltry few cents of dividend we may get.
Just my humble view.
I don't agree that a dividend is to to blame for the relative...
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Last
$1.59 |
Change
0.013(0.79%) |
Mkt cap ! $1.706B | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.60 | $1.57 | $8.026M | 5.057M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 75 | 138089 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 74664 | 52 |
View Market Depth
| Last trade - 15.42pm 07/05/2024 (20 minute delay) ? |
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Last
$1.59 |
Change
0.013 ( 1.25 %) |
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| Open | High | Low | Volume | ||
| $1.60 | $1.60 | $1.57 | 1096769 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| GOR (ASX) Chart |