GRIN - Grindrod Shipping: A New Era Putting An End To Years Of Struggling

• Grindrod Shipping struggled for years as they faced a downturn that left their financial position overleveraged.
• Thankfully 2021 provided relief with booming operating conditions sending their cash flow performance surging many magnitudes higher.
• Whether these very strong operating conditions last remains to be seen but thankfully, their capital allocation strategy sees them enter a new era.
• Instead of focusing upon short-term shareholder returns, they opted to deleverage and thus going forwards, they are now more resilient to whatever the prevailing operating conditions entail.
• Since this stands to boost their long-term prospects for shareholder returns and also better support their share price, I believe that a buy rating is appropriate.

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