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Grand Parade (GPL)


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#1 Polly

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Posted 30 August 2018 - 10:20 AM

Thanks Bull, but sold a few a R2.40 this morning . Im just too overexposed here. Been buying from R4.00 and averaged down at R2.37

 

If it continues upside, ill still be happy with rest.


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#2 Bullhunter

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Posted 29 August 2018 - 04:31 PM

own a ton with average cost 2.37 

 

over exposed so will start disposing little by little  above r2.37

Don't sell yet. The TNAV is R6.67. The activity of the last 2 days indicates there is a big buyer around who obviously sees the value in the company.

 

Some commentators have questioned the value of the casino licences should the government ban smoking in casinos. As a result, if you value the gaming assets as 0, the TNAV=R3.01.

 

There are three potential X-factors at GPI. First (should the government not ban smoking in casinos), the innocuous R30m investment in the Golden Valley Casino in Worcester could be worth more, should plans eventually materialise to allow Western Cape casino operators to transfer an existing licence to Cape Town. Taste and Famous Brands are having a torrid time, the former may collapse altogether and the latter is closing stores (my local Debonairs, Wimpy and Steers are all but dead) Then there is the possibility that GPI considers relinquishing its operational role at Burger King once critical mass is achieved, and then sells down its holding in the master franchise to a significant minority level.

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#3 Polly

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Posted 29 August 2018 - 03:58 PM

own a ton with average cost 2.37 

 

over exposed so will start disposing little by little  above r2.37


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#4 Bullhunter

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Posted 29 August 2018 - 03:53 PM

Volumes and share price picking up. Results announcement in about 2 weeks should be good.

Greater volumes today with further price rise.


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#5 Bullhunter

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Posted 28 August 2018 - 04:18 PM

Volumes and share price picking up. Results announcement in about 2 weeks should be good.


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#6 DividendTycoon

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Posted 17 August 2018 - 01:15 PM

Went for my regular Whopper meal (love the Fierce burger) and bottomless, free Mountain Dew last night. Burger King had a queue, as usual, Wimpy was closed, Debonairs and Steers had no customers. Famous Brands has more problems than just Gourmet Burger King in the U.K.

My visits to various BK's have always been positive, either very busy or humming along, but seems to be working well. (also a fan of the fierce whopper).

 

Anyway, the share does not seem to care about anything related to this share, Only good results, and perhaps CEO stability will help. Hoping for both, results soon should shed some light. 

 

Been a disappointment, but I am not selling out yet.


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#7 Bullhunter

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Posted 16 August 2018 - 05:10 PM

Went for my regular Whopper meal (love the Fierce burger) and bottomless, free Mountain Dew last night. Burger King had a queue, as usual, Wimpy was closed, Debonairs and Steers had no customers. Famous Brands has more problems than just Gourmet Burger King in the U.K.


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#8 Bullhunter

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Posted 03 August 2018 - 06:18 PM

We tried burgers from Steers, Burger King, Wimpy, and McDonald's. The winner was clear.
Jessica Fish , Business Insider SA
 Jun 25, 2018, 11:30 AM
We tried burgers from Steers, Burger King, Wimpy, and McDonald's. The winner was clear.
 
4678650b367d4349ac8b3543bcbd63fe.jpg
Photo Jay Caboz
 
  • We rigorously tested burgers from four leading fast-food outlets.
  • One particular burger was so bad, testers refused to finish it.
  • The winner was Burger King, with Steers a close second.

 

 

 

Amid fierce competition in the fast food market, we set out to find the best beef burger for your buck. All the burgers we tested cost below R50.

 

Our tasting team pitted Steers, Burger King, Wimpy, and McDonald's burgers against each other. We each tasted all four burgers and scored each on a scale of 1 to 10 (10 being the best).

The patties were also weighed and the presentation of the burgers compared.

See also: We compared SA's dinner-kit services UCook and Daily Dish – and the winner was clear for one key and one minor reason
Here is how South Africa's fast-food burgers stacked up.
Steers

 


Photo Jay Caboz
 

Photo Jay Caboz
 

Classic Beef Burger will cost you: R47,90
Patty weight: 77g.
Average score: 7.8 out of 
10

This burger was certainly the sauciest. There was a lot going on: pickles, barbecue sauce, diced onions, and mustard. But this burger didn’t manage to pull it all together.

Our tasters loved the patty, which actually tasted like real meat, but were not fans of the bun, which tasted stale.

The burger was also expensive, and we didn't get any sides for the price.

  Burger King

Photo Jay Caboz
 

Photo Jay Caboz
 

 

Big King Burger will cost you R44,50. (It also comes with medium chips and unlimited soda). 
Patty weight: 70g.
Average score: 8 out of 10

 It was nicely presented and had three slices of bread and two patties.

The meat was beefy and tasted flame-grilled. The tangy mayonnaise sauce was definitely a favourite.

The chips were tasty, and with unlimited cool drink, this also offered the best value. 

  Wimpy

 


Photo Jay Caboz
 

Photo Jay Caboz
 

 

Wimpy Burger will cost you R49,90. (It also comes with regular chips). 
Patty weight: 70g.
Average score: 3.7 out of 10

Most of the tasters refused to finish this burger. It lacked any flavour and all that came out was the pungent taste of pickles. What relish there was appeared slimy.

The burger was also dry and the amount of cheap tomato sauce was found wanting. There was too much bread for the small amount of fillings and the bun was dry and stale.

The chips that came with the burger were translucent in colour, soggy and bland.

  McDonalds

Photo Jay Caboz
 

Photo Jay Caboz
 

Beef Quarter Pounder will cost you R48,50. (It also comes with chips and a drink).
Patty weight: 84g.
Average score: 6.3 out of 10

Despite boasting the biggest patty, it was dry and tasteless. The burger as a whole, however, was not a disappointment. It was appetising and flavourful despite minimum relish.

The tasters loved the chips, which quickly disappeared, as well as the drink that came with.

  The result: Burger King, with Steers a close (but expensive) second.

Burger King makes the best fast-food hamburger according to our testers, with Steers coming close in average scoring. But once you factor in that the Steers burger is more expensive – without the chips and drink Burger King throws into the deal, there is no contest when it comes to value.


Edited by Bullhunter, 03 August 2018 - 06:20 PM.

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#9 Polly

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Posted 26 April 2018 - 12:22 PM

still a massive overhang of shares. Seller of 650000 shares at midday auction @ 2.05
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#10 Bullhunter

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Posted 21 April 2018 - 11:37 AM

turning out to be a big value trap here or some fund manager disposing and selling off....

 

im also in on a truckload adding as its falls so lets hope if fund manager, the overhang will soon be finished!!!

A bit worrying that two CEO's have resigned in two years.Hussein Adams (who earns far too much as executive chairman for a start up operation such as this) a problem to work with? 


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#11 Bullhunter

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Posted 21 April 2018 - 11:33 AM

That is actually why I bought in, if it weren't for the gaming side that can fund the food side it was a different story. The problem (I think) is the baskin robbins & dunkin side, the one here in Stellies is a very very quite most days (avid supporter I'll admit) and the few times I've been in Tygervalley had limited footfalls so how many donuts/ice creams do you need to push just to cover the rental in those places, let alone the rest of the stuff.. but the gaming, properties & Spur holding makes it worth a bite at this levels but wouldn't go all in

Burger King is the major focus.The other 2 are of no significance.

 

The Dunken at Kenilworth Centre and Blue route is also very quite.Apparently a middle eastern investor (where Dunkin is very popular) is interested in buying it.


Edited by Bullhunter, 21 April 2018 - 11:34 AM.

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#12 Bullhunter

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Posted 21 April 2018 - 11:30 AM

Management could also start buying back stock, Criminal not to at these levels.

Hussein Adams is buying but then, he and the company, has been buying since the late R3's.  


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#13 Bullhunter

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Posted 21 April 2018 - 11:27 AM

I keep a daily running value of their investment in spur at eod spur share price..

 

Todays value of spur only per gpl share = R 1.05

GPI owns 17.8% of Spur =20.0688 million Spur shares /474 million GPL shares. After deducting preference share debt of R248 156 000 the value per GPI share is R0.62 with Spur @R27.00 


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#14 Polly

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Posted 18 April 2018 - 06:08 PM

obviously at worse case scenario you need to adjust that price for any income taxes and cgt in event of sale!


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#15 Polly

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Posted 18 April 2018 - 06:06 PM

I keep a daily running value of their investment in spur at eod spur share price..

 

Todays value of spur only per gpl share = R 1.05


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#16 DividendTycoon

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Posted 18 April 2018 - 03:34 PM

turning out to be a big value trap here or some fund manager disposing and selling off....

 

im also in on a truckload adding as its falls so lets hope if fund manager, the overhang will soon be finished!!!

Management could also start buying back stock, Criminal not to at these levels.


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#17 DividendTycoon

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Posted 18 April 2018 - 03:33 PM

That is actually why I bought in, if it weren't for the gaming side that can fund the food side it was a different story. The problem (I think) is the baskin robbins & dunkin side, the one here in Stellies is a very very quite most days (avid supporter I'll admit) and the few times I've been in Tygervalley had limited footfalls so how many donuts/ice creams do you need to push just to cover the rental in those places, let alone the rest of the stuff.. but the gaming, properties & Spur holding makes it worth a bite at this levels but wouldn't go all in

Dunkin and Baskin fairly immaterial compared to burger King, which is starting to perform. Think Baskin will be sold off anyway.


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#18 Goliath

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Posted 18 April 2018 - 02:34 PM

Feels a bit like a form of madness, but so have I. It hard to see your portfolio keep going down but I just keep looking at the assets I am buying and the price I am paying. Stnadard Bank research showed gaming assets are worth over R3, so Spur/Burger King etc is for free. (That is the theory anyway)

 

That is actually why I bought in, if it weren't for the gaming side that can fund the food side it was a different story. The problem (I think) is the baskin robbins & dunkin side, the one here in Stellies is a very very quite most days (avid supporter I'll admit) and the few times I've been in Tygervalley had limited footfalls so how many donuts/ice creams do you need to push just to cover the rental in those places, let alone the rest of the stuff.. but the gaming, properties & Spur holding makes it worth a bite at this levels but wouldn't go all in


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#19 Polly

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Posted 18 April 2018 - 01:45 PM

turning out to be a big value trap here or some fund manager disposing and selling off....

 

im also in on a truckload adding as its falls so lets hope if fund manager, the overhang will soon be finished!!!


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#20 DividendTycoon

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Posted 18 April 2018 - 01:29 PM

Added some GPL to my holdings, couldn't resist at current levels

Feels a bit like a form of madness, but so have I. It hard to see your portfolio keep going down but I just keep looking at the assets I am buying and the price I am paying. Stnadard Bank research showed gaming assets are worth over R3, so Spur/Burger King etc is for free. (That is the theory anyway)


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