Member Info for sam4224

Surprised this is falling as much as it is. The 'relatively'new CEO needs to get some positive news out. Markets are so short sighted that the promise of jam in a couple of years time doesn't really cut the mustard .

Very positive results and with the low cost manufacturing facility coming on line next year should be even better . I consider this one of my ‘blue chip ‘ investments for the future.

Thanks so much . Found and enjoyed

Hi , I seem to have missed this interview and can’t locate it . Most grateful if you can advise where I can find it ? Many thanks

Hi Krusty , have only had chance for a quick look but thoughts as follows . Figures are to end September but charter rates only started to strengthen in August so the period of making real money was small . Also the amount of forward days sold to end year is much smaller than normal and would support the statement that they went for short chapters to now capitalise on much higher rates . I am comfortable with the debt reduction and definitely makes sense to get rid of the older Chinese vessels . But it would seem that the next set of figures are going to be the really interesting one’s

No worries, and finally the share price started to go up today ! Fingers crossed that the 25th will bring more positive news ! Have great weekend Sam

Above issued this morning . Issue of ESG report. Actually found it quite interesting and encouraging in how forward sighting the company is . Worth a look I would suggest.

Good morning riverboy, your most welcome. Long may this board continue in this vein as I learn a great deal from it and enjoy it. At the end of the day the only two things that will be the big determinants of the share price are debt reduction and profit. Latest figures to be released October 25 so not long now. Will certainly be up at 7am that morning to read the RNS! Have a great day

Good morning Mike, will certainly be interesting to see the figures. Companies similar to Taylors in the USA, admittedly larger, have recently reported much better figures. Given this and the fact that economies of scale should really starting to come through, I am a tad more optimistic, but time will tell. On a different note, shipping webpages are full of articles about the benefits of fuel improvement / efficiency technology. This is something that Taylors have been involved in from the start so will be equally interesting to see how this develops.

The only thing I can think of is ceo is having to sell sone as part of divorce. Similar companies have recently reported with much better results and beating index but not by as much as Taylor’s has consistently done /. I am therefore confident q3 results will be very positive . Very annoying though . Perhaps an rns tomorrow which could shed some light

So much understandable emotion on this board at the moment with the substantial drop . Trek , would value your opinion . Should we be worried or use this as a buying op . Many thanks and best regards Sam

The debt stands at a low US dollar 45 m which is nothing given assets and income . Most companies would die for that so don’t understand your comment . Please explain.

I could not agree more and equally thank you all. In looking at the debt at the time of the acquisition it has now been reduced by a whopping 43 percent. Certainly timing of disposals as Mike says seems to have been timed incredibly well. Interesting comments re Singapore Mike. It will be interesting to see how they play it in the medium/long term. Indexes very slightly down today but hopefully just pausing for breath after the big rises. I feel Octobers figures should be very interesting.

Really pleased with the RNS. In a difficult market in the first six months to get the debt down so quickly is excellent news. I think we are now likely to see a slowing if not a stop to the older ship sales.

Hi Krusty, I don't KNOW either but the challenge is that Grindrod is registered in Singapore, not USA, and delisting there is VERY difficult.

Shareholders who did not accept the Taylors offer sill hold there shares. Under Singapore law it is very challenging to delist a company even if you own 83 per cent of the shares and have appointed a majority of directors to the board. 83 percent of profits of course go to Taylors.

Hi Mike, many thanks. I also thought it would be the other way around. I do wonder the long term implications as I always thought Grindrod would be eventually subsumed into Taylors. It would make sense though to put the functions in the place to get the best results so clearly the company view is that it is Grindrod. Share price very slowly strengthening and indexes still going up day by day. Long may that continue. Gardening this afternoon then checking indexes and prices later ! Have a great day. Sam

Good morning Mike, was a little surprised to see the contents of this mornings rns if honest. What is your take on it ?

Thank you for your considered reply. I did indeed mention some constructive contributions. I think rereading the board over the last week though somewhat proves my point. So saying that I will be using the filter button on a more regualr basis.I do, however, share pikemans confusion re your red flag.

This was up until recently an excellent board with interesting and intelligent insights provided by those such as Trek. It is a sad reflection on todays society in this country that certain individuals seem only to offer comment by way of rudeness and insult together with a healthy dose of ignorance. As someone once said, intelligence and knowledge has always chased them.... but they have managed to run faster.