Long
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
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.
Taylor Maritime Investments (TMI) closed its offer to acquire all of the issued ordinary shares in Grindrod Shipping for
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.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.