A QUICK TURN­AROUND

Finweek English Edition - - SIMON SAYS -

What strikes me about Grand Pa­rade In­vest­ments’ re­cent re­sults is how it has changed the face of the busi­ness so quickly and ef­fec­tively. Once just a gam­bling house, it is now a hold­ing com­pany fo­cus­ing on con­sumers’ dis­pos­able in­come via quick-ser­vice restau­rants, gam­bling, ho­tel and con­fer­enc­ing, as well as some back­end func­tions via Mac Broth­ers and Tel­lumat. That all said, the re­cent re­sults were very good con­sid­er­ing the pres­sure con­sumers are cur­rently un­der, but the share price had got well ahead of it­self trad­ing at al­most 800c be­fore slip­ping back. Fur­ther weak­ness in the price will make for a great en­try point.

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