No balmy sail­ing

Finweek English Edition - - COVERSTORY -

AS A BEST-PER­FORM­ING share in the past, Grindrod has earned an en­deared sta­tus among re­tail in­vestors. Some per­sonal for­tunes have been made along the way. But that’s his­tory. Look­ing ahead, is the share worth buy­ing? Much like sail­ing the ocean off the east coast of South Africa, its share price has been through bumpy swells. Through peaks and troughs, the end re­sult is a de­cline of 1,3% over the past 12 months. Not in­spir­ing, given the fairly buoy­ant JSE. But that could present an op­por­tu­nity, with longer-term prospects

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