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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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