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Finally had a chance to dig into $grin (Grindrod Shipping) financials for Q3.
If you are an investor and haven't read it yet, I highly recommend it. The format and info is different than Q2. Here's what I found interesting...
1/N
If you are an investor and haven't read it yet, I highly recommend it. The format and info is different than Q2. Here's what I found interesting...
1/N
Starting out in the fleet table, there have been some updates QoQ. There's also lazy accounting as there are 7 LTCI (not 8 as stated).
What's New?
1. Charter-in Purchase Price and Daily Charter-in Rates
2. IVS Phoenix is now "owned"
2/N
What's New?
1. Charter-in Purchase Price and Daily Charter-in Rates
2. IVS Phoenix is now "owned"
2/N
IVS Phoenix falls into this unusual disclosure. 4 owned vessels had financing where they were "sold", and Grindrod has the right to acquire at a certain date.
These are owned as they have long term control, but important to note they are not on the balance sheet.
3/N
These are owned as they have long term control, but important to note they are not on the balance sheet.
3/N
