Edition:
India

Grindrod Ltd (GNDJ.J)

GNDJ.J on Johannesburg Stock Exchange

1,355.00ZAc
18 May 2018
Change (% chg)

23.00 (+1.73%)
Prev Close
1,332.00
Open
1,330.00
Day's High
1,370.00
Day's Low
1,328.00
Volume
863,979
Avg. Vol
630,077
52-wk High
1,575.00
52-wk Low
1,025.00

Latest Key Developments (Source: Significant Developments)

Grindrod Says Will Seek Listing Of Shipping Business Before End Of First Half Of 2018​
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Grindrod Ltd ::ON ‍PROPOSED INTERNATIONAL LISTING, VARIOUS PROCESSES REQUIRED WITH DIFFERENT REGULATORS IN RELEVANT JURISDICTIONS ARE TAKING LONGER THAN EXPECTED​.‍BASED ON CURRENT ESTIMATES, BOARD AIMS TO MAKE ITS FINAL DETERMINATION ON PROPOSED INTERNATIONAL LISTING IN EARLY PART OF 2018​.‍GRINDROD WILL SEEK LISTING OF SHIPPING BUSINESS BEFORE END OF FIRST HALF OF 2018​.  Full Article

Grindrod shipping unit chief steps down amid spinoff
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Grindrod Ltd :GRINDROD LTD - ‍EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER OF SHIPPING DIVISION, MARTYN RICHARD WADE WILL STEP DOWN FROM BOARD OF DIRECTORS OF CO​.GRINDROD LTD - MARTYN RICHARD WADE WILL TAKE UP A DIRECTORSHIP WITH NEWLY FORMED SHIPPING HOLDING CO, GRINDROD SHIPPING HOLDINGS EFFECTIVE 1 NOV.  Full Article

Grindrod says H1 HLPS at 50.8 cents vs HEPS of 43.6 cents yr ago
Thursday, 25 Aug 2016 

Grindrod Ltd : Unaudited interim results and dividend announcement for the six months ended June 30 2016 . Six month headline loss per share of 50.8 cents (headline earnings per share H1 2015: 43.6 cents) . Six month headline loss of 381.1 mln rand(headline earnings H1 2015: 327.9 mln rand) .Six month EBITDA 299.2 mln rand inclusive of joint ventures (H1 2015: 943.0 mln rand).  Full Article

Grindrod sees H1 headline loss between 46-54 cents/share
Wednesday, 17 Aug 2016 

Grindrod Ltd : Trading statement . HEPS for six months ending June 30 were expected to be negative primarily as a result of exceptionally weak dry-bulk shipping rates during Q1 . Sees headline loss for six month's ended June 30 2016 to be between 46 and 54 cents per share (June 30 2015: headline earnings 43.5 cents per share) . Net asset value is approximately 22.28 rand per share (June 30 2015: 23.16 rand) . Has been necessary to raise an impairment of 675 mln rand in rail businesses .Board has reviewed group's strategy and decided to sell locomotive assembly business.  Full Article