It never pays to fall in love with a stock, nor does it pay to be impatient.
I've been a holder of Grange for more than 13 years so I've seen the ups and downs, plus being a good friend of a past Chairman has given me depth of knowledge that many don't have.
" I think if you dig into ownership/structure there's a bit more to it than that. "
My knowledge of GRR management is far more than you realise.
Some months ago you had the opportunity to buy GRR shares at 15 to 16 cents. I did.
The gain on shares bought at 15c is 60%. Profit is always related to the price you originally purchased the shares. The GRR shares I bought some years ago at 8c are up 300%.
The dividend and Franking credits far outweigh any other shares.
Buying FMG when it was 20 cents is far better.
When I bought ALL at $2.70 is far better too. I remember having discussions with shareholders like yourself some years ago when ALL was at $2 to $3, look at the shareprice now ie $30. I've had 3 new 4x4 vehicles over the time in profits. I laugh at those dimwitted people who suggested I sell at $4.
I've stuck with GRR over the years, the Grange divi I get paid now is 4 times the pension and the Franking Credits an extra bonus.
"I've grown very fustrated with management."
Yes, the real estate venture was plain dumb, I won't deny that. Hopefully the lesson has been learnt and they don't venture down that track again.
Maybe when you look at Grange in a few years time it will no longer be 24-25c. Its downside is limited and the upside is at least double.
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Last
30.0¢ |
Change
-0.015(4.76%) |
Mkt cap ! $347.2M |
Open | High | Low | Value | Volume |
31.0¢ | 31.0¢ | 30.0¢ | $880.4K | 2.918M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 9000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15 | 0.300 |
11 | 200613 | 0.295 |
12 | 212221 | 0.290 |
9 | 236782 | 0.285 |
11 | 217570 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 9000 | 1 |
0.310 | 60708 | 3 |
0.315 | 89678 | 4 |
0.320 | 99887 | 3 |
0.325 | 114701 | 4 |
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