Sure GRR is cheaper on PE. But they are a very strange beast imo. GRR Management should be more ambitious in the space imo. GRR will rock you to sleep, like a baby snoo. Liquidity has only picked up for GRR in in the last three months. Prior to that it was very very slow going... the recent spike has been good. Ultimately GRR is a very conservative company, and good value. But the lack of payout recently after a highly successful year is very strange, even when they broke their own mandate which was supposed to be to payout 25% of earnings.... ( only paying out 20%) . Perhaps they are positioning themselves for growth. They have a huge pile of cash. who knows. .?? Communication is also an improvement opportunity for them. Maybe I'm better off speaking to them in Mandarin when i talk to them... Still I'm happy to own them and have made a healthy return from owning them.
Anyway, this is a FMG IO Price forum...
Iron ore price, page-28714
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |