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.