At current SP the 10 cent fully franked dividends (with associated risks of another downturn in mining activity) are not as attractive when the SP was nearer $1.00.
Movement suggests there may be another takeover brewing in the Mining Engineering Sector.
Takeover, if one eventuates, will add around 25% premium. If one does not arrive then similarly we could see a fall of similar size.
What to do and when to do it is the $64 question
Potential Takeover Target
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Last
$2.19 |
Change
0.020(0.92%) |
Mkt cap ! $293.0M | |||
| Open | High | Low | Value | Volume |
| $2.17 | $2.20 | $2.17 | $272.4K | 124.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 697 | $2.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 38381 | 5 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| GNG (ASX) Chart |
