Primaresearch - Grand Parade Investments Ltd (16S8) Grand Parade Investments (GPL) - Betting on Burgers

Report

Primaresearch

Jasmine Lin

EUR 842.24 For Business Accounts Only

Grand Parade Investments (GPL) - Betting on Burgers

In this thematic report, we initiate on Grand Parade Investments (GPL) and we show that the strategic shift in direction from gaming to foodservices may have been necessitated by the limited opportunities within the gaming sector. We also discuss the risks associated with its food business model.

We highlight the capital investments required to open its outlets and provide our views on the profitability of its various food brands and where we think there is still opportunity.

20/04/2017 29 EN

Underlying

Grand Parade Investments Ltd

Grand Parade Investments Ltd is an investment holding company. The Company has investments in the food and gaming industry. It owns franchise licenses for BURGERKING, Dunkin Donuts and Baskin Robbins. Its primary activities include securing franchise rights, securing trade locations, store design and development, supply chain management, quick services restaurant (QSR) management, financial and cash flow management, franchise operations and partnership management. The Company, through SunWest International (Pty) Ltd, owns and operates GrandWest Casino and Entertainment World, and The Table Bay Hotel. The Company provides its guests with the gaming and non-gaming entertainment facilities. The Company, through Worcester Casino (Pty) Ltd, owns and operates Golden Valley Casino. The Company holds interests in Cape Town International Convention Centre, Grand Gaming Slots, Grand Play and Mac Brothers Catering Equipment (Pty) Ltd.

See profile

ZAE000119814 Johannesburg Stock Exchange South Africa

Provider

Primaresearch

Primaresearch is an independent, sell-side, equity research firm based in Cape Town, South Africa. We focus our research on consumer-facing companies as we have credible experience in this space. The name “primaresearch” invokes both high quality (prime) as well as “primary” research – being novel and offering value-add investment insights for our clients.

Our Vision

Our vision is to be the leading independent sell-side research firm in Africa. While we start with South Africa, we are looking into providing our clients with comprehensive, Africa-wide consumer-facing company and market research. Africa is poised to emerge as a significant consumer market, for which investors in South Africa and abroad will require thorough research and insights on. We aim to be the “go-to” research firm for these investors.

Our Culture

See profile

Analysts

Jasmine Lin

Other Reports on these Companies

SmartInsider

2 directors bought/sold

Two Directors at Grand Parade Investments Limited bought/sold 20,039,500 shares at between 2.510ZAR and 3.000ZAR. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is re...

Free Trial

April 10, 2019 April 10, 2019 1 EN

Primaresearch

Grand Parade Investments (GPL) - All eyes on Burger King

Given Burger King’s importance to the group, we break down its performance to fully understand the potential growth of this brand. We highlight where we think there is opportunity to improve Burger King's margins. We also high the risk the Dunkin' Donuts could face with its store roll-out requirements.

EUR 842.24

October 4, 2017 October 4, 2017 11 EN

Blue Label Telecoms (BLU) â€“ Building an ecosystem

Summary We initiate coverage on Blue Label Telecoms with a BUY recommendation The SA Distribution segment remains the core of the business. We believe that regulatory developments in India and a resurgence in cash usage have negatively impacted on the growth potential of the Oxigen business. Despite the significant potential of Mexico’s airtime market, stubbornly high market concentration threatens to persist and smother growth. The Mexican business is subscale, in our view. On its own, the growth prospects for Cell C seem weak. However together with 3G Mobile, Reware, BLU’s existing ecosys...

EUR 1739.58

February 13, 2018 February 13, 2018 41 EN

Anton Solomons

Anton Solomons

Novus Holdings - Overvalued

We view Novus Holdings as overvalued at current levels. The print industry appears to be in a consolidation phase and for Novus, the impact on volumes, prices and operations has already contributed to margin pressure and some mothballing. We expect these trends to continue over the forecast period. We see the use of the internet to consume media as a threat to print media consumption.

EUR 86.16

February 12, 2018 February 12, 2018 11 EN

Jasmine Lin

Jasmine Lin

Steinhoff (SNH) ; Price Discovery - How we value Steinhoff

Summary In the wake of the developments at Steinhoff (SNH), shareholders have found it difficult to assess the fair value of SNH. The FY17 financials are still outstanding, and prior year financials are also under review. Without reliable financial information and increasing risk of litigation, investors have found it challenging to assign a value to the share with some degree of comfort. The consequence of this breakdown in the market price discovery mechanism is share price movements that are highly volatile, with swings of more than 10% on some days. We performed a detailed analysis of t...

EUR 1740.46

January 15, 2018 January 15, 2018 13 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Grand Parade Investments (GPL) - Betting on Burgers

2 directors bought/sold

Grand Parade Investments (GPL) - All eyes on Burger King

Blue Label Telecoms (BLU) â€“ Building an ecosystem

Novus Holdings - Overvalued

Steinhoff (SNH) ; Price Discovery - How we value Steinhoff

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe