Hi Olley,
I came to roughly the same conclusion.
This quarter just completed 31-12-18 they sold 497,000T @ $55/T gross profit for GP of $27 million. With 1.157 Billion shares issued that is EPS of 2.33 cps. Multiply by 4 quarters. Subtract 30% tax, leaves about 6.5 cps. If they payout even 45% that is 3cps. So a 1c final and 2c special.
That would possibly make GRR the king of yield on the ASX.
One the other hand....if the BOD don't want to part with the Bugs Bunny....
But surely there is a limit to how much ca$h they can stockpile?
Hi Olley,I came to roughly the same conclusion.This quarter just...
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