Given analysts have clearly stated that Grange could not be profitable with a drop in commodity prices and other big blue chips putting projects on ice like FMG today then GRR may ice their assets too and the resulting SP will be cash on hand minus 15% for overheads.
With around 200 million cash after overhead reduction the SP would be 16.80 or 1/3 less than current SP.
To that end, the current SP is ridiculous if you are going long.
Remember there is an unfranked dividend that will reduce the SP too post dividend so a great short opportunity here with low risk.
Good luck to the Dwarf Army!
- Forums
- ASX - By Stock
- GRR
- not ridiculous
not ridiculous
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GRR (ASX) to my watchlist
|
|||||
Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $428.2M |
Open | High | Low | Value | Volume |
37.0¢ | 38.0¢ | 36.5¢ | $369.8K | 1.000M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 332835 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 56896 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 332835 | 0.365 |
9 | 63672 | 0.360 |
12 | 250889 | 0.355 |
12 | 609795 | 0.350 |
3 | 39495 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 56896 | 2 |
0.375 | 34244 | 2 |
0.380 | 110127 | 5 |
0.385 | 51815 | 5 |
0.390 | 52150 | 6 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
GRR (ASX) Chart |