Member Info for sam4224

Hi Dave, I salute your belief in this share. I too used to communicate with the CEO. All I would say from my own experience is be a little cautious about what he says, especially concerning any timescales. From the agm I attended and subsequent communications, timeframes were very far off the mark. Hope it comes good for you

Noticed a couple of very large late in day buys yesterday and a couple of days before. One for 150,000 and then a new one of 200,000. Originally marked as unknown transaction but then marked as buys. Fascinating if someone new and large building a stake at these low prices.

Same thing has happened to me on three occasions with this share. Another share I had in the past , cordiant digital had the same issue recently. Funny games. A unidentified transaction went through this week of a million and a half shares. I am currently buying more of this as and when funds become available. Was in my personal opinion under-priced 6 months ago let alone now.

Could someone please explain the New Zealand meaning of the word ‘imminent’ ,as it is obviously different from the rest of the world

Hi Mike, you might be right about the inheritance. At the moment the shares I have a little in are doing exceptionally well, whilst the big investments like this one are doing poorly. Talk about the wrong way round. Fortunately the larger dividends are helping though.

Appreciate your comments, and very interesting re the indexes. The grindrod shipping price has been slowly recovering over the last few days but still well down. Such an uncertain world right now and with a likely govt change here at the next election I am trying to choose my investments even more carefully. Agreed re the early fixing of some charters, thought it was a good move when I first heard it but even more so now. I have decided to reinvest my dividend so hopefully we will not see a bounce before 11/12 when it is reinvested. Off to pack my swimming trunks !

Any thoughts on when this will find the floor ? Or are we waiting until the results ? Sam

Hi Mike, the joys of retirement ! Short six day visit to Portugal a week tomorrow to visit friends then nothing till November in South Africa. Apart from first grandchild arriving in September ! I recall Ed saying the Gindrod deal would help with winning business from the African continent but your point is well taken. Just as well given the way South Africa is sadly going.

Hi groundsander, that is very much appreciated. Took me a bit to find the wallets you refer to but all good now. Lets hope the share price will start to strengthen soon..... but after reinvestment for those going that route !

Thank you all. Does that mean in June then ? Not the ideal day for the share. Thank goodness they fixed a number of charters early at great rates. I just hope they can lower debt from profit and not just more ship sales. Economies of scale still working through. Situation in South Africa far from ideal with increasing load sharing (power cuts) and a big fall in the rand. Great for my holiday there in November but not sure how it will affect Grindrod . Hi mike, fingers crossed the index will stabilise but China looks an issue

Hi Mike, thanks for that. Pleased to say I got mine late pm. Do you know how swiftly they reinvest the dividend ? Would like to take advantage of these prices if I can.

I recently moved all of my shares in this company to Hargreaves Landsdowne. Does anyone know how long they take to apply dividends to the account ? I think they take longer than interactive investor which is same day.

As a farly new shareholder massively impressed with the CEO of this company and indeed the company itself. As one who was involved in negotiating high value govt contracts in the Middle and Far East I know how difficult in can be, particularly in getting them over the line. Post the call this morning I have added.

Looks a solid appointment. Interesting background

Hi Mike, good points and certainly took a hit today. Not good at all

Looking forward to tomorrow. Have decided at these low prices to reinvest . What say others ?

Having lost several thousand on this share I got out a few months ago. The warning signs I should have spotted then and since.

1. A very unimpressive board who apart from the CEO and CFO said nothing at the AGM and couldn't wait to leave the room post meeting.

2. A likeable CEO but who was very heavily focussed on the purity, presentation and high end aspect of the product rather than at the end of day focussing on that it was a business that needed to grow and make money like any other.

3.Not a single buy by directors as the share price collapsed

4. Head of US sales hired then left with no new appointment. From an RNS almost looked as though the CEO was doing it

5. The auditors report in 2022 that stated the business viability was at risk in then.

6. As the funds raised slowly disappeared , continued expenditure on new packaging etc.

I look at the optimists here and wish them well and will indeed raise a tonic to salute them if this comes good but for me I have learnt a lot from my costly mistake. Perhaps like the CEO, I got too obsessed with the product rather than watching the business

Nice buy this morning after others from board

Hi Mike, am away currently and had trouble being able to post.Yes I knew they were out.first thought was that they don’t appear to be getting as good rates as Taylor’sand of course a number of their directors have retired. Secondly I wonder how fast the economies of scale savings are going to come through. Also I thought it strange that unless I missed it there was not a single mention of Taylor’s in the results .personally I increasingly feel I would like to see a delisting take place and a full takeover so to speak. Forward rates that ed announced at last results were really excellent. Clearly grindrod strikes me as still very much a work in progress , I am very much looking forward to when I can make my first visit to Taylor’s in London.

Two new sites that seem to be good for rates and health of market. Alibra shipping, look under data for rates etc. Also Doric shipbrokers under research for market activity. Hi krusty in under three years I have had three good UK companies giving excellent dividends sold out and gone private. Its so annoying when you find a great company . UK govt according to weekend press reports now calling in CEO of revolut following his highly critical comments of red tape and bureaucracy in UK. From the days of Harvey Jones of ICI there has been criticism of no long term economic or manufacturing plan in the UK. Sad fact is as our political class have become poorer quality the economic and financial challenges facing the country have grown and they are simply not equipped by experience or intellect to deal with them. Apologies for my hobbyhorse !

Hi all, I really do increasingly wonder at the UK stock market. I also hold shares in Haleon and Lloyds, both of which released in my view good results but both have fallen today. I also noticed a small drop here. But so far today over £200,000 in share buys with some big one's amongst that , and a lousy 1800 sells. Defies logic but clearly some parties are agreeing with us Krusty and Mike and fellow owners. ps have just been on another couple of sites of shares I used to own and cannot believe the level of vitriol on them, let alone the level of debate. Lets hope that never happens here .