GPI: New shareholder, new lease on life?

Grand Parade Investments reports that GMB Liquidity Corporation, about which little is known, has snatched a 27.8% stake in the group

Empowerment investment counter Grand Parade Investments — which now holds mainly gaming assets — has seen a significant shift in its shareholder register that might point to a new lease on life.

On Tuesday, GPI reported that GMB Liquidity Corporation has snatched a commanding 27.8% stake in the group. This follows unusually high volumes traded in GPI stock last week, a development that spurred the share price from 275c to about 330c...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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