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Grindrod (GNDJ)

Johannesburg
Symbol
Exchange
Currency
GNDJ·Johannesburg·ZAR
GNDPp·Johannesburg·ZAR
GRDLY·OTC Markets·USD
Currency in ZAR
1,785
+12(+0.68%)
Closed·

GNDJ Comments

RE-CLOSE TRADING UPDATE This announcement includes unaudited financial information relating to the period 01 January 2024 to 31 May 2024 (the "period").
So i am out
Yesterday's closing SP 1575 on volume - 2017 High
1603
New 52 week high 1560
1565
1569
New 52 week high 1501
1505
close with volume at 1485 on Friday
New 52 week high 1459
1460 , this share is pumping
1474
1484
The 52 week high 1353 is calling
NEW 52 week high 1365 and Friday close 1355
52 week high 1430
Institutional Support March 1/4 is net buys of 71.8m shares
New 52 week high 1326
We really looking for 1575 the 2017 high
1340 is moving today
1353
Today trade ex dividend net 30 cents
Coronation Asset Management Limited on behalf of its clients, has acquired a beneficial interest in the ordinary shares of the Company, such that its entire beneficial interest in the ordinary shares of the Company now amounts to 5.25% of the total number of Grindrod ordinary shares in issue.
Institutional Support Sept 2023 1/4 net sales 66.4m shares and Dec 2023 1/4 net sales 64.8m shares . We see when March numbers come.
A lot of the easy money has been made already , it traded below 500 cents for more than the 2 years 2020 and 2021
Coronation Asset Management 5.25% holding = 36.64m shares
Yesterday it traded as low as 1191 , to close at 1217
So the buyer at 1275 got it's share allotment and the SP dropped to 1250 , the company is not actively involved in share buy-backs , so we are somewhat vulnerable. Lets see what holds.
While ports had been the crown jewel for Grindrod in the past three years, the next boost would come from its rail operations if it got involved in public-private partnerships (PPPs) with Transnet .Grindrod has cleaned up its business and has sufficient headroom and cash to benefit and participate.
Third-party train or harbour operators is highly unlike to happen in the next many years or ever,so status quo to continue and Grinrod operations in Southern Africa to be the preferred operator. Overall reduction in capacity and increase in Grinrod capacity. Really it's no longer a cyclical business
At SP of 1275 it trades on a historical PE of 8.4 and Dividend yield of 5.6 . Profit grew by 29% and more to come...
Results Today : Ave in 1143 , highest price paid 1270 , 52 week and 6 year high 1302 , 52 week low 876 . 2017 high 1763
Headline earnings per share from core operations between 200 and 206 cents an increase of between 27 to 30% , taking this number at a SP of 1297 cents it trades on historical multiple of 6.49 . All the non core has been sold off or written down. Also we can expect a gross dividend of 63 cents .
We can expect a run up in the SP to cum dividend-date 20 March
So we waiting on that Trading Statement for the 12 months to December 2023
Earnings per share 145.0 cents and 90.1 cents Increase of between 61 percent and 68 percent 151.0 cents
At long last, I was about to give up on this one.
share did financial say
buy @418
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