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Grindrod

Grindrod above neckline of W Formation taking it higherW Formation formed on Grindrod since March 2023. And the price has finally broken above the neckline. This gives a decent signal that there is upside to come from the buyers. Other indicators confirm too: 7>21 Price>200 RSI>50 Target 1 will be with a Risk to Reward of 1:2 at R12.60 ABOUT THE COMPANY Diversified Group: Grindrod Limited is a South African company with a diversified business portfolio spanning various industries, including shipping, logistics, financial services, and trading. Establishment: The company was founded in 1910 and has its headquarters in Durban, South Africa. Bulk Commodities: The company specializes in transporting bulk commodities such as coal, iron ore, agricultural products, and more. Container Shipping: Grindrod operates container shipping services, facilitating the movement of goods in containers between Logistics Solutions: Grindrod provides integrated logistics solutions, including warehousing, distribution, and supply chain management services. Financial Services: Grindrod Bank, a subsidiary of Grindrod Limited, offers a range of banking and financial services, including personal banking, business banking, and asset management. Rail Services: The company has a presence in the rail sector, providing rail services for the transportation of goods and commodities. HOW IT GOT ITS NAME Grindrod Limited, the South African company, was named after its founder, Charles Grindrod. Charles Grindrod was an influential figure in the company's early history. He established the company in 1910 as C. H. Grindrod & Company in Durban, South Africa. The company initially focused on shipping and maritime operations.
JSE:GNDLong
by Timonrosso
Grindrod $GRIN - Acquisition Target at a very very cheap price. NASDAQ:GRIN Taylor Maritime Investments (TMI) closed its offer to acquire all of the issued ordinary shares in Grindrod Shipping for HKEX:26 back in October 22. NASDAQ:GRIN has since sold off sharply following concerns of imminent de-listing by TMI. However, TMI does not meet the compulsory acquisition threshold of at least 90% for delisting of GRIN from the JSE. I wouldn't be surprised if NASDAQ:GRIN is the target of future buyouts from larger dry bulk shipping companies which recognise it's strong fundamentals and growth prospects. My DCF model of NASDAQ:GRIN supports my opinion that current stock price April 2023 is very very cheap. An opportunity to make some serious gains for the patient investor.
GLong
by Bullish_On_Value
Grindrod divergent and dropping. GRINImmediate targets 15, 14 and then 13. Invalidation at 23. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
GShort
by Rykin_Capital