GRB 8.16% 5.3¢ gage roads brewing co limited

average price range, page-2

  1. 460 Posts.
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    At the AGM last year shareholders agreed to an share issue to the directors with an interest free loan, this was tied to an incentive to raise the SP. Then Woolworths took up more shares as per their agreement to maintain a 25% interest in GRB. All this has diluted the % holding of all other shareholders.
    I believe there is a plus to this as money raised by GRB from woolworths would have assisted in paying for the current upgrade that was being part funded by cashflow.

    The continued low price is frustrating for holders wishing to see a return on investment but this may be due to the stock being tightly held and they are all holding long term.
    Hopefully we will see an increase soon especially as the company is now producing over the 1 million cases per annum, there must be a bit of proffit in this volume.
 
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