GPL

[kicc]

GPL released its annual results today and declared an ordinary dividend of 10 cents and proposed a special dividend of 50 cents once deal with Sun International approved by regulatory bodies. Also it seems to be on the up and sitting on a good cash pile of R800M. What does the forum think of this one at 300?

[#2]

Well, it means that they no longer have revenue generating companies, and their Grandwest operation is at risk because of exclusivity expiring, and the gaming licences being transferred to the Cape Town metropol (or something like that). Stopped tracking this some time ago, but I don't really see where their revenues will come from in the future, so you are sitting with a cash shell of sorts.