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Started By
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Grindrod Shipping GRIN
Posted on 3/2/22 at 2:20 pm
Posted on 3/2/22 at 2:20 pm
This baby has been smoking hot $26.88 the last month or two.
11.51% dividend yield or .72 per share
Extremely low debt
Multiple ships to be delievered with a market value higher than cost
Net profit $56MM 2021
This is a nice looking stock
11.51% dividend yield or .72 per share
Extremely low debt
Multiple ships to be delievered with a market value higher than cost
Net profit $56MM 2021
This is a nice looking stock
3
Posted on 3/2/22 at 4:25 pm to jizzle6609
Posted on 3/2/22 at 10:22 pm to RedlandsTiger
Bump & thanks for the tip
Posted on 3/3/22 at 10:44 am to jizzle6609
Been riding that ship upstream for a while. Thanks
Posted on 3/29/22 at 4:43 am to Shoalwater Cat
If you guys aren’t in GRIN get in now. China has purchased so much commodities from Russia that it doesn’t have enough warehouse space to fit it all so China is now housing these commodities in cargo ships thus decreasing the number of ships available worldwide to move goods. Which in turn Shipping prices are now expected to increase by 25% this GRIN is going to be one hell of a stock to hold for the next few years.
This post was edited on 3/29/22 at 4:44 am
Posted on 4/1/22 at 12:18 pm to MrLSU
GRIN hit 27.55 today. Awesome suggestion to the OP
Posted on 4/2/22 at 8:10 am to jizzle6609
Posted on 4/19/22 at 5:23 pm to RedlandsTiger
Thank you to the OP who brought this stock up as it has been a fantastic stock to own.
Seeking Alpha
With the recent announcement that Grindrod Shipping’s longstanding CEO is stepping down, there have been some rumblings that the company may be positioning itself to be acquired. Supposedly the company is not looking for a long-term replacement for its current CEO, rather appointing its current CFO to the position. This has driven speculation that the company may be seeking to merge or be acquired at this time. One obvious suitor might be Taylor Maritime, which has built up a 26.6% stake in Grindrod over the past year. However, the two companies have roughly the same market cap (Taylor Maritime is worth $6 million more) which makes the terms of the deal a bit harder lest Taylor Maritime figure out a generous debt deal.
As previously discussed, the company is trading below its net asset value of $30 per share. Grindrod has only been publicly traded since 2018, but comparing the five-year average forward price to earnings ratio of one of its longer-standing peers Safe Bulkers (SB) of 11.95 to Grindrod’s forward price to earnings ratio of 4.37 we see that the company is trading cheaply relative to earnings. I think that if rates hold and the company is able to capitalize on them successfully in the coming year, we could see a price to earnings ratio nearer to that 11.95—possibly 8 times earnings, which would put shares at $45, for an upside of 80%.
Seeking Alpha
With the recent announcement that Grindrod Shipping’s longstanding CEO is stepping down, there have been some rumblings that the company may be positioning itself to be acquired. Supposedly the company is not looking for a long-term replacement for its current CEO, rather appointing its current CFO to the position. This has driven speculation that the company may be seeking to merge or be acquired at this time. One obvious suitor might be Taylor Maritime, which has built up a 26.6% stake in Grindrod over the past year. However, the two companies have roughly the same market cap (Taylor Maritime is worth $6 million more) which makes the terms of the deal a bit harder lest Taylor Maritime figure out a generous debt deal.
As previously discussed, the company is trading below its net asset value of $30 per share. Grindrod has only been publicly traded since 2018, but comparing the five-year average forward price to earnings ratio of one of its longer-standing peers Safe Bulkers (SB) of 11.95 to Grindrod’s forward price to earnings ratio of 4.37 we see that the company is trading cheaply relative to earnings. I think that if rates hold and the company is able to capitalize on them successfully in the coming year, we could see a price to earnings ratio nearer to that 11.95—possibly 8 times earnings, which would put shares at $45, for an upside of 80%.
Posted on 4/27/22 at 2:35 pm to MrLSU
Hopefully they blow out earnings
Posted on 4/27/22 at 5:07 pm to thelawnwranglers
The earnings announcement date for the 1st quarter is unconfirmed and the expcted date keeps getting pushed back. Makes me wonder what is going on?
Posted on 4/27/22 at 7:20 pm to PlanoPrivateer
quote:
The earnings announcement date for the 1st quarter is unconfirmed
Thanks was just going off fidelity account announcement
Posted on 4/27/22 at 8:09 pm to PlanoPrivateer
quote:
there have been some rumblings that the company may be positioning itself to be acquired.
quote:
The earnings announcement date for the 1st quarter is unconfirmed and the expcted date keeps getting pushed back. Makes me wonder what is going on?
I think this is what is actually going on which is why the earnings have been pushed back for weeks now.
Posted on 4/27/22 at 8:31 pm to MrLSU
I am at $27 basis good?
Bought just on thread was lazy on research
Bought just on thread was lazy on research
Posted on 5/3/22 at 3:08 pm to MrLSU
May 18th is what I am now seeing as the Earnings Date for GRIN.
Posted on 5/3/22 at 7:51 pm to MrLSU
Rumors they are getting acquired?
Posted on 5/4/22 at 12:05 pm to thelawnwranglers
Posted on 5/5/22 at 1:38 pm to MrLSU
Taylor Maritime Investments Ltd has increased their ownership shares again to 4.9million shares or 26.6% up from 23% on Dec. 13, 2021. CNBC Institutional Holders
Posted on 5/9/22 at 12:42 pm to MrLSU
quote:
Taylor Maritime Investments Ltd has increased their ownership shares again to 4.9million shares or 26.6% up from 23% on Dec. 13, 2021. CNBC Institutional Holders
Think they will acquire with stock or just give price?
Posted on 5/9/22 at 3:33 pm to thelawnwranglers
They are the same size as GRIN and both are extremely compatible in terms of culture plus there is a lot of consolidation in the industry right now. I would be hesitant to say one way or the other however if they had the cash they would have already done so.
Posted on 5/19/22 at 6:12 pm to MrLSU
Earnings coming out on Tuesday.
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