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Cutting ties with Ian Dunstan is a good thing and shows...

  1. 271 Posts.
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    Cutting ties with Ian Dunstan is a good thing and shows something is happening behind closed doors, i dont know why the Hayaat group would need Ian Dunstan anyway as they would have "The Entertainer" management run the company either way.

    Lets not forget Mohammed Ikhlaq is in partnership with Donna Benton who is the old founder and current chairman of "The Entertainer".
    https://www.hayaatgroup.com/investments/direct-investments/entertainer/

    In 2018 GHF Financial group purchased an 85% stake in "The Entertainer" valuing the company at an estimated US$150Million. I presume Donna Benton and Hayaat have kept the raiming 15% interest as Abraaj has been stated to not hold any shares after the deal.
    http://www.tradearabia.com/news/IND_339983.html
    https://www.gfh.com/wp-content/uploads/GFH-Entertainer-Acqusition-FINAL.pdf
    https://www.gfh.com/wp-content/uploads/GFH-Al-Futtaim-Group_Entertainer_EngV2.pdf

    Of note is an article that i found which stated GHF is looking at spending another US$150Million dollars on global expansion and growth initiatives. Considering INP's Market cap is about US$10 million this is a cheap and straight forward acquisition for them and a no brainer IMO as they cannot launch "The Entertainer" in Australia or New Zealand due to our current stronghold and almost identical product thus an acquisition is there only way to access this region.

    "GFH will invest up to $150m in The Entertainer throughout the holding period."
    https://www.thenational.ae/business...-year-profit-rises-as-revenues-surge-1.824786

    In my opinion, there is a bit of funny buggers happening with the share price atm but its just noise and im very confident something will happen eventually and believe its just a matter of being patient.

    Also INP is quite undervalued fundamentally so I'm positioning my self as i win-win either way.

    GLTA
 
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