Hi bookarelli.
I refer you to CIA. It had no dividend and a higher PE than GRR as a premium product iron ore supplier.
Dividends are an easy way out for a discussion for uninformed investors. If GRR had a coherent investment strategy for growth and zero dividends that would be fine. Similarly FMG paying very high dividend percentages is fine. Both have a strategy.
Dividends are not the issue. The issue is whether the board is using company money well. That is the key question for Grange to assess the board by.
GRR Valuation, page-377
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25.0¢ |
Change
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Mkt cap ! $289.3M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 24.5¢ | $340.7K | 1.376M |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 225779 | 24.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 84794 | 3 |
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