re: chart help...looking good Date: 25/7/2003
Author: Mathew Chandler
Source: The Australian Financial Review --- Page: 75
"Speculation is mounting that Australian hotel operator Touraust has joined forces with a US hedge fund to purchase Grand Hotel Group (GHG) shares. While Touraust concedes that it has negotiated with the US's Parker Global Strategies (PGS), it refuses to confirm its involvement in a massive buy-up of shares. PGS's first move on GHG was in April 2003, when it increased its stake in the hotels company to 9.31 per cent. The US company now owns over 10 per cent of GHG. Further adding credence to the PGS/Touraust joint effort theory is the fact that PGS acquired Touraust's stake in GHG in early July 2003. "
Touraust also owns 10% ..........
Over the last few months they have sold off 3 propeties at prices way above their book value. Makes you wonder what the true value of their total Assets really is.
Anyone with a spare few million can make an absolute killing by taking over the company and then selling off the assets. Greeds Good .....
GHG
grand hotel group
