GRR 2.08% 23.5¢ grange resources limited.

IMO my estimated YTD key financial metrics underpins FY18...

  1. 102 Posts.
    lightbulb Created with Sketch. 6
    IMO my estimated YTD key financial metrics underpins FY18 revenue over $160m, shipments >520kt, Operating profit >$57m. Numbers are actual ships loaded and dispatched + next two vessels. There should be strong cash generation + profitability for current 6 months and short term pellet premium outlook and offtakes for balance of calendar 2018 should deliver record results. DYOR
    I'd suggest Board should be considering $0.02 per share interim dividend in Sept 2018 as cost of this may be around $24m which can be funded by greater than $200m cash reserves plus high level of trade receivables and free cash flow from each shipment over the next 4 months. Chair's trading Outlook statement at the AGM in two weeks should be entertaining.
 
watchlist Created with Sketch. Add GRR (ASX) to my watchlist
(20min delay)
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
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.