Sharp share price movements and an intriguing new face on the share register have heightened anticipation in the run-up to the reconvened extraordinary general meeting (EGM) of embattled empowerment group Grand Parade Investments (GPI). The EGM, which is calling for a radical board overhaul, is set for December 5 and so far there is no indication that the showdown might be headed off by a compromise agreement. But the uneasy lull was broken last Friday when the GPI share suddenly sparked into life, surging 15% to 255c on more than 1.3-million shares traded. By Monday, GPI had extended its gains to nearly 270c, again in decent volumes. There have been persistent rumours that turnaround specialist Value Capital Partners (VCP) — which has moved into Sun International, Altron, Novus, Adcorp, PPC and African Phoenix — has been sniffing around GPI. In an e-mailed response Sam Sithole, CEO of VCP, said it was not the company’s policy to make public comments about which shares it might or m...

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