Monthly Archives
December 2018
a grand parade of activists
Finally, after many false starts, shareholder activism on the JSE may have come of age in 2018. While activism is commonplace in other markets especially the US the JSE has for the past few years had only sporadic bouts of corporate confrontation led by individuals like Theo Botha, Chris Logan and more recently the disarmingly astute Albie Cilliers.
19 December 2018
signs of life in moribund small and mid-cap sectors
Many firms are in good shape with healthy cash balances.
The small-cap index has fallen 14% this year, while the mid-cap index is down 11%. It doesn’t sound too bad until you consider that hardware, kitchen and sanitary ware supplier Dawn has fallen 99% this year, quick service food franchisor Taste has fallen 97% and Aveng and Group Five have seen their share prices massacred. On the other hand logistics provider Value Group is up 62.5% in the year to date.
10 December 2018
the shareholders have spoken
A small group of Grand Parade shareholders succeeds in getting two out of four proposed directors appointed to the board.
Former judge of the Cape High Court, Alex Abercrombie has been a non-executive director of Grand Parade Investments for 21-years and he has no intention of taking efforts to remove him as a director lying down.
6 December 2018
shake-up at burger king franchise owner
Consumer brand experts Mark Bowman and Ronel van Dijk have been brought on board as nonexecutive directors of GPI.
Next week’s AGM of embattled empowerment group Grand Parade Investments (GPI), which owns the master franchise for Burger King in SA, should be an intriguing affair after a group of shareholder activists, speaking for 12.5% of the company, appointed two new directors to the board on Wednesday night.
taking stock – a business day TV interview with westbrooke’s jarred winer
aking Stock – A BDTV interview with Westbrooke’s Jarred Winer Click here to watch
3 December 2018
