Edition:
India

Grindrod Ltd (GNDJ.J)

GNDJ.J on Johannesburg Stock Exchange

1,429.00ZAc
17 Nov 2017
Change (% chg)

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1,429.00
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Avg. Vol
842,373
52-wk High
1,575.00
52-wk Low
1,025.00

Latest Key Developments (Source: Significant Developments)

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

Grindrod sees negative HEPS for six months ending 30 June
Friday, 27 May 2016 

Grindrod Ltd : EPS and HEPS for six months ending 30 June 2016 are expected to be negative . Decrease is primarily as a result of exceptionally weak drybulk shipping rates during Q1. . Market has recovered in Q2 with improving drybulk shipping rates however recovery is at present insufficient to recover Q1 losses. . Tanker shipping and ship operating businesses continued to perform well during Q1. .Low commodity volumes impacted terminals and rail businesses whilst remaining freight businesses performed reasonably..  Full Article