GRINDROD

Finweek English Edition - - INVESTMENT -

Richard Mid­dle­ton, a port­fo­lio man­ager at In­vestec As­set Man­age­ment, re­cently told Moneyweb that he con­tin­ues to have faith in this lo­gis­tics and ship­ping player. He noted that the com­pany was per­haps look­ing “a lit­tle ex­pen­sive” at the mo­ment and ap­peared to be pric­ing in a re­cov­ery in the ship­ping mar­ket. He con­cluded: “I don’t know if I’d be buy­ing more at around R25 but I’m def­i­nitely a happy holder at around R25, and we’ll see whether the earn­ings grow into the share price.”

VW man­u­fac­turer in Dres­den, Ger­many

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