in the press

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.

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.

aking Stock – A BDTV interview with Westbrooke’s Jarred Winer Click here to watch

Many so-called community shareholders share dissident shareholders’ concerns about gaming vs fast-food investments.
The board of embattled empowerment group Grand Parade Investments (GPI) must surely be giving serious consideration to a settlement with a group of dissident shareholders.

Disgruntled investors have been lining up well-qualified candidates to possibly take over from long-serving directors
Disgruntled minority shareholders at Cape Town-based empowerment company Grand Parade Investments (GPI) are intent on beefing up lean returns by shaking up the board of directors.

Taking Stocks with Nastassia Arendse

Jarred Winer in studio to discuss the opportunities in small cap stocks.

Following the listing of Vukile Property Fund’s Spanish subsidiary Castellana Properties SOCIMI SA as a REIT on the Alternative Equity Market on the Spanish Stock Exchange, the board of the Spanish REIT has considered and approved the opportunity to acquire the company which holds a portfolio of four shopping centres in Spain, purchased from Unibail-Rodamco-Westfield.

In a market that perpetually favours the Top 40, reports showing that South African small-cap stocks are the cheapest in the world may prompt more interest in small and mid-cap counters.   

But cheap doesn’t necessarily mean good value – especially if the share stays cheap. Nor does it mean that cheap shares will necessarily move to fair or full value. 

Companies that fall outside of the JSE’s 40 biggest firms, referred to as small-and mid-cap stocks, are among the cheapest in the world, but investors are largely ignoring them despite prospects for juicy returns, says Keith McLachlan, a fund manager at AlphaWealth.
SA’s small-cap sector was trading at almost the same lows experienced during the global financial crisis, McLachlan, a small-cap specialist, told Business Day on Wednesday.

Value distortion is creating opportunities.

An investor looking at the JSE today is really looking at two distinct markets. There are the large-cap stocks, which are generally multinational companies that earn the majority of their revenues outside of the country, and the mid and small caps that are predominantly dependent on the South African economy.