If i may give my 2 cents for this. It wont happen.
Since the chinese management have taken over our company, they followed a clear strategy. Grange is mostly owned by shagang and his main purpose is, to deliver a stable supply of iron ore.
When you see, that management have no intention of owning shares, and it seems that the shareprice gets magically put down on any occation, it all follows the plan. If the company would do a buyback, or pay fair dividends, the stock price will rise, and that makes it attractive to investmentfonds, takeovers, reshuffle ownerships. Grange dont want any change.
Which is good in a way for us, who are looking for a long term perspective. Money who is not utilized for buybacks and dividends, stay in the bank. It doenst run away and give Grange options to expand without depths and stay strong in any crisis.
Thats my own opinion and i strongly recommend, you do your own research.
If i may give my 2 cents for this. It wont happen.Since the...
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Last
36.0¢ |
Change
-0.020(5.26%) |
Mkt cap ! $416.6M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.3¢ | 35.5¢ | $1.161M | 3.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14701 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 292464 | 8 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GRR (ASX) Chart |