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| Market cap: | 1,177,191,688 |
| EPS: | 0 |
| P/E ratio: | -5.75 |
| Forward P/E: | 0 |
| Dividend yield: | 0 % |
| Last dividend: | 0.00 |
| Date of last dividend: | 12:00:00 AM |
| Return on equity: | -8.92 % |
| Return on assets: | -3.65 % |
| Net asset value: | 21,391.63 |
| Authorised shares: | 0 |
| Issued shares: | 19,063,833 |
Sector: Industrial Transportation
'000 Dollars |
Jun 20 I |
Dec 19 F |
|---|---|---|
| Turnover | 167 | 331 |
| Op Inc | -3 | 0 |
| Att Inc | -10 | -35 |
| Cash Gen PS | 257.77 | -292.21 |
| Cshflo frm ops | 49 | -56 |
| Oper Pft Mgn | -1.98 % | 0 % |
'000 Dollars |
Jun 20 I |
Dec 19 F |
|---|---|---|
| Fixed Ass | 495,773 | 305,197 |
| Tot Curr Ass | 95,580 | 91,499 |
| Ord SH Int | 233,616 | 251,938 |
| Minority Int | 42,271 | 0 |
| LT Liab | 240,024 | 180,337 |
| Tot Curr Liab | 135,076 | 86,792 |
Jun 20 I |
Dec 19 F |
|
|---|---|---|
| EPS (ZARc) | -916.3 | -2687.7 |
| HEPS-C (ZARc) | -549.78 | -1603.95 |
| 0 | 0 | |
| NAV PS (ZARc) | 21391.63 | 19221.71 |
| Ret on SH Fnd | -8.92 % | -14.04 % |
| Ret On Tot Ass | -3.65 % | -6.7 % |
| Next AGM date: Wednesday, 14 July 2021, unconfirmed |
| Final results estimated to be released on 26 February 2021 |
Nature of business
The company is the holding company which will acquire the international drybulk and tanker shipping group of Grindrod, whose origins date back to the formation of a shipping and related business in 1910 by Captain John Edward Grindrod. The Company was incorporated in Singapore on 2 November 2017 under the Singapore Companies Act. Grindrod has been involved in various sectors of the shipping and transport industry for more than 100 years. The drybulk business in its current form under the IVS brand dates back to 1976 and was acquired by Grindrod in 1999. The modern day tanker business under the Unicorn brand dates back to 1973 when Grindrod acquired a tanker of approximately 20,000 dwt.
The separation from the Grindrod Group and separate listing of the Company is being pursued, among other reasons, because it will (i) allow shareholders to identify more clearly the different characteristics of the Grindrod Shipping Business from the other businesses within the Grindrod Group and to value them separately, (ii) allow management of each business to focus solely on that business and pursue their respective strategies, (iii) provide relevant employees of each business stock-based incentives linked solely to his or her employer and (iv) enable each company to elect an appropriately sized Board of Directors comprised of individuals with the skills and sector knowledge relevant to each business.
Company website
http://www.grinshipping.com
Transfer secretary
Link Market Services South Africa (Pty) Ltd.
Company secretary
Shirley Lim Guat Hua
Registered address
10 Anson Road, #32-15 International Plaza, Singapore, 079903
Company tel
0065 6523-0048
Company fax
Major shareholders
Industrial Partnership Investments (Pty) Ltd., PSG Asset Management (Pty) Ltd., Grindrod Investments (Pty) Ltd, Newshelf 1279 (Pty) Ltd., QVT Financial LP, Ninety One SA (Pty) Ltd.
