The largest shareholder is the customer - the board will therefore prioritize whatever the best outcome is for the customer which is at odds with the best interest of other shareholders (maximise returns vs stable supply).
Normally a co would distribute or invest spare funds so shareholders can earn a return on alternative investments if they don't have growth opportunities exceeding those of individual investors.
GRR don't care about maximizing shareholder wealth - that's not their primary concern and so it leads to a discount. Buying shares in a co whose management's interests are not aligned with you as a shareholder is bound to mean a discount imo.
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Last
27.5¢ |
Change
0.005(1.85%) |
Mkt cap ! $318.2M |
Open | High | Low | Value | Volume |
27.0¢ | 27.5¢ | 26.8¢ | $392.1K | 1.431M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 315714 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 153438 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 315714 | 0.270 |
11 | 358107 | 0.265 |
21 | 605249 | 0.260 |
8 | 171665 | 0.255 |
23 | 357230 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 81875 | 2 |
0.280 | 96792 | 5 |
0.285 | 80361 | 3 |
0.290 | 466401 | 13 |
0.295 | 1637249 | 5 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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GRR (ASX) Chart |