Member Info for sam4224

Hi Mike , that makes good sense . I think that once Grindrod is fully absorbed so to speak we will start to see some real action . Failure to get the company outright first time has cost a year but the figures are definitely moving in the right direction and I think likely to accelerate .

Mike, I think you might have hit the nail on the head re the ship sale .Great input today from all shareholders

Thanks riverboy , I too one hundred percent back Ed and the team

You beat me to it rylidan ! Good morning all . Yes , I think a number of very positive trends . Charter rates healthy , debt down , nav up , fleet age down , carrying capacity up , excellent locked in rate for 42 percent of remaining days for 2024 . Three things I am uncertain about . 1. Why sell a 2024 handysize 40 Dwt handysize . 2. Debt to asset group combined is down as a percentage to 35.4 but the actual amount is slightly up. 3. I hope the fleet doesn’t reduce too much further but I take the point we carrying weight up

I normally agree with you but on this subject not so sure . A great many indicators suggest that inflation , especially core inflation , is far from beaten . Should pay rises in the public sector with their huge pension burden be above inflation then it wouldn’t take long for inflation to be on steroids again and rates going up not down . There has even been some talk of further quantitive easing which terrifies me. So saying all that , a lovely company that I am fairly new too. Recently saw a presentation by it and was really impressed with the personalities . Fingers crossed it will deliver for us all .

Hi Mike , yes agree with all you say and pleased you also see nothing unduly concerning , in fact quite the opposite . Out for dinner tonight with friends and then the new dawn with hopefully encouraging news . Must admit I added a little a couple of days ago as although my portfolio is massively geared to Taylor’s I don’t see the same value or potential elsewhere . Or indeed understand their strategy as well as I do here . So called safe shares have in places been anything but . So tomorrow is another day ! Let’s see what it brings

He highlighted the coal income , which they are selling ! Worrying as to where income will come from but will await the bay income . Regrettably I have lost faith in the management but if I sell not I take a huge hit . He talked of acquisitions but the last one was tiny and they are very very infrequent with this company . I fear they have got the balance wrong between long term assets and current income assets

Mike, its under the section marked director highlights in the annual report. All three reports are there for 2024. 2023, and 2022. Most grateful as its intriguing. Company have done a great job in replacing large shareholders but as I mentioned still a large selling shareholder about even with new buys/adding outnumbered sells. Great to see the shares in demand though by some big players.

Good morning Mike , Krusty and others. Mike , a great note . Lovely to wake up to and read . Will def look at the ship locations. Will indeed be great fun. I too spotted the possible collapse comment . I hope they do . Chris Buttery is I think now mid 70s so may have something to do with the decision. The important thing is he still holds a huge stake in the business so I am sure will be keeping in touch with the son ! I have to admit I have resisted reading most of the annual report as I am waiting for a hard copy . One thing I have done though is look at major shareholder changes over the last three years . There have been some substantial changes both in reductions, increases , and new entities. What I am confused by is the increases and new entities look as though they should successfully have taken up the slack from those reducing or leaving . However , there is still a major seller who knocks the share price every time. a rally starts . If you are able to have a look and see what you think I would appreciate it . A really great post Mike . Thank you ! Off to see where our ships are !

Hi Mike and Krusty, what a superb board this is ! In looking over the fleet important to remember that whilst reduced our ability to carry larger cargoes has considerably increased. Also market cap has improved as indeed Mike thought it would. No doubt we will speak Friday my friends.

Hi Krusty, a really good input and thank you. I agree with everything you say. I noted the word enthusiastic that Ed used to describe his view of the next chapter and I totally agree with that. It has not been an easy period with Grindrod and I think Mike is right in that initially failing to get out right control meant more limitations on action than we perhaps realised. Now that matter is settled onwards and upwards. Regarding the fleet we now have one of the most modern of any companies which should show benefits that increasingly come through . Three priorities of the company have always being repaying debt, paying the dividend and keeping a modern fleet. We are good on all three so fingers crossed for the next period.... and indeed Friday. ps if you ring the company or email they will send a hard copy of the annual report which has a huge amount of additional information in it and I think well worth a study. bst rgds and have a great day. Sam

Good morning Mike , you are the expert on figures. What is your take ? I do like Ed’s use of the word enthusiastic concerning the next chapter in the companies young history .

Good afternoon Mike and Krusty . Confirmation rns now out. A great note from you Mike . Read with great interest and thanks . Pity annual report delayed by four days as was hoping to read this weekend . Have a great weekend fellow Taylor’s share owners !

Ps . Balance of power totally with Taylor’s now

Hi Krusty , think you are absolutely spot on . It should get very interesting and with some excellent financial savings

I understand the distribution of funds notification timewise will be before July 25 . Re delisting you could well be correct. If I get anything from grindrod I will let you know. Easy to take good news for granted but this is a huge step . My thoughts are that until full ownership Taylor’s were not able to do with grindrod exactly what they wanted . I have no experience though of this sort of transaction . Hopefully the Taylor’s annual report will be posted out Friday

Just seen that the Singapore Court has approved the capital reduction and delisting of Grindrod. . The effects of this news will work through to the share price now that Taylor Maritime is 100 per cent in control. Great news to start a Wednesday evening pre dinner drink with.

Do you hold any shares in this company ?

Hi Mike, nav is not due out till July 26 , share does not go ex div for almost a month. Not sure why the rise, charter rates haven't moved much and share purchases are not exactly huge. Nothing on company's web pages so we will have to await riverboys update but I dont think its correct.

Hi , have not seen anything about this . Doesn’t appear to be an rns out . Where have you seen this news please ?