I am sure it has to do with the major shareholder, Shagang that has 47% of issued shares - they probably don't want to get to 50% as it would mean consolidating accounts of Grange, so they would have to sell into the buy-back to maintain their percentage. So there's no real benefit for them except for the sale proceeds, so it probably will never happen.
So if you do a 10% buy-back, maybe 5% will come from Shagang and 5%(58mil shares) from other shareholders.
Time for a buy-back?, page-2
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
24.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 24.0¢ | $139.3K | 569.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24564 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 261098 | 6 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |
