Some of the upward momentum before the dividend announcement was due to a perception that a "special" dividend might occur. It has held up remarkably well given that did not happen and the current price probably more realistically reflects the confidence in GRR. Half the ex-dividend fall has been made up in trading today so far. Managed to sneak another tiny purchase at 25 cents as I'm not sure if the SP will get back there in a hurry.
The next quarterly report should include any increases in volume and value of sales and I suspect that will push up the SP - maybe to that 30 cents you mentioned.
GRR chart, page-2
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Last
38.0¢ |
Change
-0.005(1.30%) |
Mkt cap ! $439.7M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.0¢ | 38.0¢ | $588.4K | 1.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19994 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 129870 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |