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LentilSoup

Grand Parade Investments (GPL)

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Well, this was quite an extraordinary read?
So it seems their board needs to be replaced.
https://www.moneyweb.co.za/news/companies-and-deals/grand-parades-truly-extraordinary-general-meeting/ 

 

Do we have anyone that is invested in them, do you guys think they will be able to turn the ship around with a new board?

Somehow R2.40 feels cheap for a stake in Burger King, Dunkin’ Donuts, and Baskin-Robbins?

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Wow #GPL Grand Parade Investments voting for removal of non-exec directors & replacement from ‘activists’ is VERY close No matter how #GPL spin this this is not good news 3 non-exec’s got @51/52% FOR balance against : VERY tight One director (Rasheed Hargey) removed (61%)

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No matter how they spin voting tonight (& they will try) #GPL Grand Parade Investments given fat snotkop from eligible voting shareholders 2 new non-execs voted IN 1 current non-exec voted OUT & voting was CLOSE. 47/48% voted against the board in key resolutions #wakeupcall


From smalltalkdaily

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Grand Parade to close Dunkin’, Baskin Robbins in SA

 

South Africa’s Grand Parade Investments said on Friday it had filed to close its Dunkin Donuts and Baskin Robbins franchises in the country due to poor performance and would instead channel capital into its chain of Burger King outlets.

 

“The decision to exit Dunkin Donuts and Baskin Robbins was made following sustained losses in these businesses and an unsuccessful process to dispose of these businesses,” the company said in a statement. 

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