Must admit I am surprised that GRR shares can be bought under 25c today.
But on the other hand it's not such a surprise. Whomever it is that controls the trading of this stock, and has done for a number of years, can and will do whatever they like. Here we are with the EOFY and dividend anns literally due any minute (we all know they will come tomorrow) and we know there's a better than average chance it will be good news on both fronts. And we certainly know GRR is holding +$150mil Cash. Yet for all of what 'we' know, unbelievably (not really that unbelievable considering last 3-4 years) the sp is being pushed down as we await these positive results/anns.
Honestly 'someone/s' could and do push GRR's sp anywhere they like, and IMO for the last 3-4 years the company's market value has been kept far below realistic levels. The small shareholders/investors in GRR are almost powerless to do anything about it, with no steps/actions of intervention/prevention from management, PR to attract Institutional investors (bigger investors with more fire power). I'm sure it's by design, but by who's design?
So, although we all anticipate relatively positive news in the next 24hrs, the sp trades at ridiculous value levels, even now, even though it's recently risen considerably. I fully understand how and why, but I don't understand why the board/management of GRR seemingly take no steps to counter this activity to restore and protect shareholder's value.
***
- Forums
- ASX - By Stock
- Valuation
Must admit I am surprised that GRR shares can be bought under...
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GRR (ASX) to my watchlist
(20min delay)
|
|||||
Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $266.1M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 58743 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 219779 | 0.270 |
9 | 458580 | 0.265 |
26 | 932290 | 0.260 |
7 | 172530 | 0.255 |
22 | 717920 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 405759 | 8 |
0.280 | 942702 | 17 |
0.285 | 372332 | 13 |
0.290 | 1710676 | 31 |
0.295 | 651900 | 8 |
Last trade - 08.50am 04/12/2024 (20 minute delay) ? |
Featured News
GRR (ASX) Chart |
Day chart unavailable