Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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...sorry Fat fingers again!
. ...improved level to share price but still a significant discount.
Hi Sam, thanks for the information.
I expect us to be profitable with the vessel appreciation but slightly loss making or break even without the vessel gain. Still a big step in the right direction.
Yes we have always beatthe indexes but the end of Q1/24 index was lower than the end of Q1 but as you say, fingers crossed.
I expect a close vote and we will probably just make it, again fingers crossed.
I am still expecting the NAV to be at an improved level to shaprodpri
Hi Mike , 25 agm grindrod shipping , 26 Taylor’s nav . I am hopeful that the company will be in profit as has always beaten the indexes . Re Grindrod vote it has to be 75 percent of those who vote . I would expect them to have visibility of the share register and to have spoken to any major share holders . Fingers crossed they succeed
.....So what is happening next week on the 25th? Is that the date of the extraordinary AGM for the Grindrod minority shareholders? Seems to be too early for me. The buy-out still might not go through as minimum 75% of the minority shareholders have to vote in favour. Or do you mean fri 26th when the quarterly TMI NAV and trading update are out?
the share price has had a good recovery in the first 3 months of the year and as reported by a few of you has had a few weird gyrations. At the moment it seems to be in a holding pattern waiting for the NAV news next week. I am less gung-ho than most of you and expect the operating performance still to be loss making but a good increase in vessel values to give a healthy increase in the NAV and provide a good platform for further improvement in this quarter.. BHSI is now advancing again.
On a different note, Pacific Basin has just announced a share buy back of up to $40m by the end of the year and all share bought will be cancelled rather than being held by the company. Sadly at TMI we are probably not cash rich enough to do this at the moment.
This was mentioned on another bulletin board a short while ago. I investigated, liked the finances, and the business but not the big seller. Its a nice bit of diversity for me. So waited patiently until it looked like they were almost finished and bought a few times around 65p. Very lucky. Didn't buy enough, so topped up early 70s and recently in high 70s. Average around 71p so very happy.
See this as a long term dividend hold for me. Would gladly top up again if given the chance at my average (can't see it though!).
GLA
Hi Rylidan, fingers crossed I have to say this has been one of my most frustrating, intriguing and puzzling shares I have held in many years and I am 73 so a fair few years. I watch recently loads of sells and no movement, prior to that loads of buys and the SP is reduced, still with the loss I currently hold I am hoping that the kick upwards will begin sooner rather than later. I see this past three weeks the BHSI has remained flat so any gain will come hopefully from the update so as you say interesting times. Good luck to all share holders here we have seen some torrid times but with the family purchases it is beginning to look more positive.
Looks like the most likely date for the next update is next Thursday, the 25th. Should be interesting.
Sam, now that I have had time to go through this, if successful then both the primary listing on NADAQ and secondary listing on the Johannesburg Stock Exchange will be delisted. As you say that will cut costs.
Hi Mike, yes . I believe delisting is the ultimate objective to simplify the structure of the company and further reduce costs . Very expensive to have three listings. Let’s hope they get the votes . Not easy this sort of thing under Singapore law.
Sam I totally agree. If it goes ahead TMIP will own all of Grindrod. I am not sure if it automatically means a delisting? But that might be next.
At USD 14.25 for each Grindrod share that is 35% premium to the closing share price yesterday of USD 10.54 and probably a 5 to 10% premium to NAV.
This is really good news if successfully complete. Will simplify the company structure and also save substantial monies by delisting . Excellent way to start a Friday