Grindrod: Ideally placed to gain from rail policy change
25 November 2021 - 08:00
IM has recommended logistics, ports and rail business Grindrod since November 2020, when it issued a buy at 370c. At that time the stock was trading at a 70% discount to NAV with moves under way to sell noncore assets.
The stock had a good run to 570c but by March disappointing results and delays in some asset disposals resulted in the market losing patience, and there was a pullback...
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