Shagang can increase there loading in GRR by 3 % every 6 months without launching a formal takeover. It appears they increased there holding by about 2.5% if you believe the recent change in substantial shareholder notice. Still waiting on a notice from them.
You tell me if you think there is a takeover going on.
Shares are well below the net book value per share which is about 38 cents per share.
EPS are about 10 cents per share.
I don't quite understand why people are selling.
Ann: Change in substantial holding, page-11
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Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.5¢ | $96.74K | 403.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 311733 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 11914 | 3 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |
