Forum Topics GNG GNG Opportunity?

Pinned straw:

Added 2 months ago

02-Sep-2024: GR Engineering Services (GNG) has gone ex-dividend today for a 10 cps fully franked dividend, so I expected their share price to fall, probably by more than the dividend, as people who are worried about their order book not being at record levels after BHP shelved West Musgrave sell out after securing that fat dividend, however they've been sold down as much as 16.5 cps today and are sitting around that level at -8.42% or 16 cents per share lower right now (at around midday Sydney time).

I would be buying more GNG IRL, but I already own a heap - they are my third largest real-money position. I might look to free up some cash here and top up my GNG position on SM this evening - depending on what else life throws at me today - there are a few things I need to do away from the office this afternoon.

Bear77
Added 2 months ago

02-Sep-2024: 12:20pm: FY24 Investor Presentation

The market doesn't care - still down over 8%, same as this morning (gone ex-div for 10cps FF div, dropped by 16.5cps, with 15 minutes to go before trading closes).

Nothing in that presso scares me. All good. Opportunity IMO.

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