in the press

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.

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.