I'm tipping another uninspiring 0.5c divy. Sorry I have no confidence GRR management despite the apparently high shipping numbers, which may only make up for the lack lustre previous numbers where C1 was as high as $155/ton (albeit due to works required for safety - fatal accident) ! In 2016 and for the year ended 31/12/16 they managed a paltry 1c divy costing $11M from the $92 M profit delivered after tax and having $166 M in cash. This poor divy will do nothing for the share price. Going forward the increase from mills may help from say 2.75 to 3 M ton per year but not overly given new entrants into the market will come on line by early 2018. My thoughts after being a long term investor.
Pellet Price, page-172
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $306.6M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 26.0¢ | $726.4K | 2.695M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 176476 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 252924 | 4 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| GRR (ASX) Chart |