GRR 2.08% 23.5¢ grange resources limited.

Quarterly predictions, page-113

  1. 102 Posts.
    lightbulb Created with Sketch. 6
    Based on Qrt report release this morning, Full year revenue (Dec 2018) expected to be north of A$350m thus best annual result in the past 6 years.  Record profitability for 12 months (Dec 2018) expected.  Reasonable confidence that annual results will be at least 50% higher than previous best net profit for the past 6 years.  Expecting ROE for FYE18 to be at least 30%.
    The next dividend is a Final not interim.  This should be seen as a record year rather disappointment especially sell price expectations and revised Contract off-take pricing mechanism change.
    Board should be declaring & paying dividend of at least $0.02 IMO based on estimated Franking Credit availability.  Assuming strength of profits and cash flow the tax paid should permit 100% franking of $0.02 divy plus interim FY2019 trading - shipments. A $0.02 Final dividend payment would only equate payout $23.2m in March 2019 which would be less than 20% NPAT payout ratio even after a $0.01 interim dividend paid Sept 2018 . DYOR.
 
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.