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Grand Parade (GPL)


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#41 Bullhunter

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Posted 29 December 2017 - 03:51 PM

 

Other assets excluding Spur:The 15% stake in SunWest International, which operates the cash-spinning GrandWest casino in Cape Town, remains GPI’s largest investment. The value is estimated at R875m — equivalent to 199c/share.The combined values of all its gaming assets is more than 340c/share. GPI values its 91.1% stake in the 70-outlet Burger King at R660m (equivalent to about 150c/share) and the net cash holdings of R300m is worth 68c/share.Total value excluding Spur = 558 cents per share.
 
So, at current prices you are getting the cash generating gaming assets at a 20% discount and the rest of the assets for free! No wonder Hassan Adams and co. are loading up.

 

At the current 2.30, GPL is now trading at a 32% discount to its cash generating gaming assets. Hussen Adams is loading up.

 

The staff at Dunkin' Doughnuts, Blue Route,  and  Burger King, Kenilworth, say business is good.

 

Any one else with access to these brands, please provide feed back here. 


Edited by Bullhunter, 29 December 2017 - 03:55 PM.

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#42 Bullhunter

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Posted 29 November 2017 - 03:22 PM

and their investment in Spur at current Spur market price is worth at least R1.20 per share. So all u doing is paying another R1.50 for all other assets which are valued at least R4.00.

 

Good one for long term this. Bargain basement price at R2.60 if you can get it.

Other assets excluding Spur:The 15% stake in SunWest International, which operates the cash-spinning GrandWest casino in Cape Town, remains GPI’s largest investment. The value is estimated at R875m — equivalent to 199c/share.The combined values of all its gaming assets is more than 340c/share. GPI values its 91.1% stake in the 70-outlet Burger King at R660m (equivalent to about 150c/share) and the net cash holdings of R300m is worth 68c/share.Total value excluding Spur = 558 cents per share.
 
So, at current prices you are getting the cash generating gaming assets at a 20% discount and the rest of the assets for free! No wonder Hassan Adams and co. are loading up.

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#43 Polly

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Posted 28 November 2017 - 07:01 PM

Unlike Taste, GPI has strong cash flow from gambling and property assets and don't need to have rights issues to survive.In fact, they're buying back shares, rather than issuing more.

and their investment in Spur at current Spur market price is worth at least R1.20 per share. So all u doing is paying another R1.50 for all other assets which are valued at least R4.00.

 

Good one for long term this. Bargain basement price at R2.60 if you can get it.


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#44 PlatinumWealth.co.za

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Posted 28 November 2017 - 06:42 PM

I should have betted on Dunkin instead of Starbucks


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#45 DividendTycoon

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Posted 28 November 2017 - 04:18 PM

Unlike Taste, GPI has strong cash flow from gambling and property assets and don't need to have rights issues to survive.In fact, they're buying back shares, rather than issuing more.

I hope they will continue to buy more after the AGM, think they already bought as much as they could for the current year. When I first bought GPI in 2010 it had more than twice the number of shares TAS had. After the next TAS rights issue it will have twice the number of GPI. 


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#46 Bullhunter

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Posted 28 November 2017 - 03:25 PM

And a dividend being served up of 11.5c. Not what we used to, but at least they giving us cash, not asking for it, like some other fast food co..

Unlike Taste, GPI has strong cash flow from gambling and property assets and don't need to have rights issues to survive.In fact, they're buying back shares, rather than issuing more.


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#47 DividendTycoon

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Posted 27 November 2017 - 05:31 PM

Hassen Adams loading up again. Buys another 408 969 shares.

And a dividend being served up of 11.5c. Not what we used to, but at least they giving us cash, not asking for it, like some other fast food co..


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#48 Bullhunter

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Posted 27 November 2017 - 03:50 PM

Hassen Adams loading up again. Buys another 408 969 shares.


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#49 Bullhunter

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Posted 20 November 2017 - 06:08 PM

Trading at R2.75, a 60% discount to NAV of R6.82. CEO bought @ R3.00 two weeks ago. 

 

Just saved spending R100 million on a BEE deal which will be put to better use in the business.

 

Definitely worth a punt at these levels.


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#50 DividendTycoon

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Posted 29 March 2017 - 10:10 AM

Personally, would trade GPL  between 330 and 395, but prefer taste as a long term hold think starbucks, dominos and jewelry business will be winners. 

I think Starbucks is a great asset to own, but I am just more comfortable with the GPI management and the asset mix, as well as capital structure (ie.having cash/low debt/share buy backs etc)


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#51 PlatinumWealth.co.za

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Posted 28 March 2017 - 07:32 PM

I should have bought them instead of TAS


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#52 MrDividend

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Posted 28 March 2017 - 07:05 PM

GPI having a nice run. Has been bad stretch but things seem to be on the up. I am very happy that they have bought back huge amounts of stock at cheap prices.(as reported today and in results a few weeks ago) This will be a huge benefit when profits start to flow. Very positive compared to Taste who have issued huge amounts of stock in order to fund their growth. They have also bought more spur shares, so perhaps that still on the cards.

 

Personally, would trade GPL  between 330 and 395, but prefer taste as a long term hold think starbucks, dominos and jewelry business will be winners. 


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#53 DividendTycoon

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Posted 28 March 2017 - 04:24 PM

I also have a good feeling about this one. Definately a good sign that they are buying back their own stock, less dilution means more profits per share in the future. Their burger king investment starting to show profits too so that can only be better going forward. They still have sizable investments in casino's even after all the sales and this should still be a cash cow for them and support the earnings from BK.

Agreed, it is reassuring to have these assets in the background until such time the food business is fully profitable. They also have a good cash war chest thanks to the sale of some of the assets, although they have spent a lot on their own shares and Spur, but both good investments imo.


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#54 Jack5

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Posted 28 March 2017 - 04:12 PM

GPI having a nice run. Has been bad stretch but things seem to be on the up. I am very happy that they have bought back huge amounts of stock at cheap prices.(as reported today and in results a few weeks ago) This will be a huge benefit when profits start to flow. Very positive compared to Taste who have issued huge amounts of stock in order to fund their growth. They have also bought more spur shares, so perhaps that still on the cards.

I also have a good feeling about this one. Definately a good sign that they are buying back their own stock, less dilution means more profits per share in the future. Their burger king investment starting to show profits too so that can only be better going forward. They still have sizable investments in casino's even after all the sales and this should still be a cash cow for them and support the earnings from BK.


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#55 DividendTycoon

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Posted 28 March 2017 - 03:44 PM

GPI having a nice run. Has been bad stretch but things seem to be on the up. I am very happy that they have bought back huge amounts of stock at cheap prices.(as reported today and in results a few weeks ago) This will be a huge benefit when profits start to flow. Very positive compared to Taste who have issued huge amounts of stock in order to fund their growth. They have also bought more spur shares, so perhaps that still on the cards.


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#56 Queen B

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Posted 22 January 2016 - 10:11 AM

GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1997/003548/06
Share code: GPL
(“GPI” or “the Group”)

Grand Parade Investments Limited signs exclusive licence with Dunkin’ Brands International

21 January 2016

The board of GPI is pleased to announce that they have signed an exclusive master franchise
agreement with Dunkin’ Brands International to develop two of the world’s most recognisable
brands, Dunkin’ Donuts and Baskin-Robbins, in South Africa with a right of first refusal (ROFR) to
enter Namibia, Botswana, Zambia and Mauritius.

Under the agreement, GPI will develop over 250 Dunkin’ Donuts restaurants and more than 70
Baskin-Robbins shops in South Africa, through both corporate-owned stores and franchised
outlets, with an initial focus on Cape Town and Johannesburg. The agreement also calls for the
introduction of Baskin-Robbins ice cream products to supermarket chains and convenience
stores in South Africa over the license period.

The Dunkin’ Brands International franchise agreement allows GPI to capitalise on its existing
experience in the management of quick service restaurants. It also affirms GPI’s strategy to
expand its food portfolio by investing in respected and market-leading brands.

Dunkin’ Donuts is one of the world’s leading coffee and bakery chains, with more than 11,500
outlets in 40 countries worldwide selling more than 1, 8 billion cups of coffee a year. Over 50% of
Dunkin’ Donuts global sales consist of coffee sales.

Baskin-Robbins is the world’s largest chain of ice cream specialty outlets known for its ‘31
flavours’ and creative range of frozen desserts. Currently there are more than 7,600 Baskin-
Robbins outlets in nearly 50 countries, serving over 300 million customers a year.

The board of GPI believes that partnering with such highly-respected global brands provides the
ideal platform to further establish the company’s food business and it plans to roll-out its first
Dunkin’ Donuts restaurant and Baskin-Robbins shop in the second half of 2016.

The exclusive Master Licence Agreement is for a 10-year period with an option to renew for
further 10-years.

GPI will invest R210 million over the next 10-years, which will be funded off its own balance
sheet and it does not expect to raise any third party debt related to this transaction.

This transaction will have a minimal impact on the earnings for the Group in the short term.
Conditions precedent

The agreement is subject to GPI’s receipt of approval from the Financial Surveillance Department
of the South African Reserve Bank.

Any reference to the future financial performance of GPI contained in this announcement has not
been reviewed or reported on by GPI’s auditors.

 


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#57 Queen B

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Posted 27 August 2015 - 03:01 PM

Roller Coaster ride today with the share price :huh:

I guess everyone waiting for the official results on Monday


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#58 MrDividend

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Posted 26 August 2015 - 04:00 PM

 

 

I wonder if someone knows something about something

 

Well that answers that then. 

 

:)


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#59 Queen B

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Posted 26 August 2015 - 03:59 PM

Not a bad SENS :D


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#60 Queen B

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Posted 26 August 2015 - 03:55 PM

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, a
listed company is required to publish a trading statement as
soon as it becomes aware that the financial results for the
financial period to be reported on next will vary by 20% or
more from those of the previous comparable period.

Due to the high level of corporate activity that took place
during the year ended 30 June 2015, a number of once-off
accounting gains and profits from disposals were realized
which have had a material effect on the basic earnings for the
year ended 30 June 2015 and require a detailed explanation.

In addition, a detailed explanation is required in respect of
the improved earnings from the Group’s investments in SunWest
International (Pty) Ltd and GPI Slots (Pty) Ltd, which have had
a material effect on the headline earnings for the year ended
30 June 2015.

GPI hereby advises that a reasonable degree of certainty exists
that basic earnings per share will increase by between 834% and
844% and that headline earnings per share will increase by
between 227% and 237% for the year ended 30 June 2015 compared
to the basic earnings per share and headline earnings per share
for the previous year ended 30 June 2014.

Consequently, the basic earnings per share for the year ended
30 June 2015 will be between 141.96 cents and 143.48 cents per
share, compared to the basic earnings per share of 15.20 cents
for the previous comparable period. Headline earnings per share
for the year ended 30 June 2015 will be between 10.37 cents and
10.69 cents per share, compared to the headline earnings per
share of 3.17 cents for the previous comparable period.

The financial information on which this trading statement is
based has not been reviewed and reported on by GPI’s external
auditors. The financial results for the year ended 30 June 2015
will be published on 31 August 2015.
 


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