reports
- Mpho Mokotso
Industrials | MTA, MPT, SPG, HDC, GSH, GND | Earnings Update_Small to ...
During Q1'19, SA Industrials index declined by 3.9% yoy and were among the worst performing sectors on the Johannesburg Stock Exchange (JSE). The poor performance is an extension of last year's 17.5% yoy decline. The lack of growth opportunities has prompted companies to divest non-core or poor performing assets to strengthen balance sheets, realise shareholder value through divestures (e.g. enX) and resume an ordinary dividend (e.g. GND). In this note, we update our target price and recommend...
- Mpho Mokotso
Grindrod,GRIN,GSH | When the tide goes out
Grindrod Shipping (GRIN) was spun out of from Grindrod (GND) and listed on the NASDAQ and JSE on the 18th and 19th of June 2018 respectively. In our view, this created an opportunity for investors to own the remaining underlying businesses of GND without the loss-making GRIN. Despite the spin off, GND has not rerated since June 2018, with GND's and GRIN's share prices declining 18% and 57% respectively since listing. In our view, the declines reflect muted earnings growth expectations in the ...
A director sold 30,000 shares at 15.185ZAR and
A director at Grindrod Limited sold 30,000 shares at 15.185ZAR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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