Grand Parade a rare breed as share price exceeds NAV
Interim profit soars as the company renews its focus on cash-generating gaming assets and reducing debt
24 March 2023 - 14:11
UPDATED 26 March 2023 - 17:32
A reinvigorated Grand Parade Investments (GPI) finds itself in a rare position for an investment company — trading at a premium to its net asset value (NAV).
The group, which is now controlled by investment banker Greg Bortz’s GMB Liquidity Corporation (GMB), said on Friday that its shares are trading at a 27% premium to NAV — a stark contrast to just three years ago when the shares offered a more than 30% discount...
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