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  • Finweek - English

    Simon’s stock tips

    May 29, 2020 5 minutes
    By Simon Brown

    GRAND PARADE INVESTMENTS

    Burger King deal uncertainty

    Grand Parade Investments said on 21 May that it is “renegotiating the terms and conditions” of the disposal of Burger King. In other words, they are probably talking about a lower selling price for the business. We’re going to see a lot more deals delayed or cancelled, especially in the leisure space, as revenue has collapsed due to the economic lockdown and questions remain about when it will return to pre-lockdown levels.

    TENCENT

    Gaming boost to local indices

    Tencent’s results for the first quarter of its 2020 financial year saw a 19% jump in gaming subscriptions, while overall group revenue was 26% higher. Hardly surprising as we’ve seen gaming boom during the lockdown. The move in Tencent pushed Prosus and Naspers* to all-time highs. With these two

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