GRINDROD

Finweek English Edition - - INVESTMENT -

HOLD Stock­bro­ker­age Imara SP Reid says that this in­dus­trial group is fully-val­ued at cur­rent lev­els. This fol­lows the re­lease of a trad­ing up­date ahead of the re­lease of in­terim re­sults for the six months to the end of June 2013. An­a­lyst War­wick Lu­cas told clients: “On a full-year ba­sis, re­sults growth should be some­what bet­ter as global ship­ping rates halved from June to Septem­ber 2012, and have steadily re­cov­ered since then. It is our fer­vent hope that Grindrod will re­sume pro­vi­sion of liq­ui­da­tion val­ues in fu­ture. In­ter­ims will be pub­lished on 2 Septem­ber. The stock seems some­what

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