GO­ING FOR GAM­ING

Finweek English Edition - - GOING FOR GAMING INVESTMENT -

For in­vestors who like to fol­low the value-in­vest­ing theme at RE:CM, one of the in­ter­est­ing de­vel­op­ments to note is its in­creased ex­po­sure to JSElisted Grand Pa­rade In­vest­ments (GPI). In Novem­ber 2012, GPI moved into the top 10 stocks in the RE:CM Flex­i­ble Eq­uity Fund. RE:CM told clients: “Grand Pa­rade’s ma­jor as­set is a 25% in­ter­est in the GrandWest casino in Cape Town. The com­pany also holds a num­ber of lim­ited pay­out ma­chine li­cences and has been ex­pand­ing into this at­trac­tive mar­ket. Man­age­ment has am­bi­tious plans on other fronts as well – view­ing th­ese with more cir­cum­spec­tion than the core gam­ing busi­ness.”

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