Edition:
United States

Sun International Ltd (SUIJ.J)

SUIJ.J on Johannesburg Stock Exchange

7,264.30ZAc
28 Apr 2017
Change (% chg)

101.30 (+1.41%)
Prev Close
7,163.00
Open
7,163.00
Day's High
7,301.00
Day's Low
7,162.00
Volume
136,372
Avg. Vol
249,069
52-wk High
9,599.00
52-wk Low
6,875.00

Latest Key Developments (Source: Significant Developments)

Sun International says FY revenue from cont ops up at 7.67 bln rand
Monday, 27 Mar 2017 02:14am EDT 

Sun International Ltd : Fy revenue from continuing operations of 7.670 billion rand versus 5.837 billion rand a year ago . Fy diluted adjusted headline earnings per share 223 centsper share versus 343 centsper share year ago . Expects gaming revenue in south africa to remain under pressure . Opening of casino at time square in april 2017 is expected to have a positive impact on group's performance going forward .Sun international - primary focus for foreseeable future will be to reduce debt and ensure successful implementation of recent acquisitions.  Full Article

Sun International names Norman Basthdaw as new CFO
Friday, 24 Mar 2017 10:30am EDT 

Sun International Limited : Appointment of chief financial officer .Agreed to appoint Norman Basthdaw as new CFO and finance director of Sun International, with effect from March 24, 2017.  Full Article

Sun International says HY AHEPS likely to 189 cents-223 cents
Wednesday, 15 Mar 2017 03:15am EDT 

Sun International Ltd : South african casino operations continue to be affected by difficult trading conditions . South African casino revenue declined by 2.7% following weaker than expected december trading . Headline earnings per share for 6 months ended 31 december 2016 is likely to be between 260 cents and 305 cents per share . HY earnings per share is likely to be between 75 cents and 120 cents per share . Expected difference between HY EPS and HEPS is primarily due to impairment charges of r208 million of carousel assets . Opening of Time Square Casino In Menlyn, Pretoria remains on track for 1 april 2017 .Diluted AHEPS for 6 months ended 31 december 2016 is likely to be between 189 cents and 223 cents per share.  Full Article

Sun International says Anthony Leeming takes over as CEO
Wednesday, 1 Feb 2017 01:35am EST 

Sun International Limited : Appointment Of Chief Executive And Changes To Executive Directors . Bring forward appointment of Anthony Leeming as new chief executive of sun international . Stephens stepped down as chief executive of company and was succeeded by Anthony Leeming as new chief executive .Company has initiated a search for a new chief financial officer for sun international to succeed mr leeming.  Full Article

Sun International appoints new group Company Secretary
Wednesday, 16 Nov 2016 04:40am EST 

Sun International Ltd : With effect from 16 Nov, AG Johnston assumed permanent role as group company secretary of Sun International .AM Leeming stepped down as interim company secretary with effect from Nov. 16.  Full Article

Sun International FY diluted adjusted HEPS falls 20 pct
Monday, 22 Aug 2016 02:31am EDT 

Sun International Ltd : FY revenue increased 15 pct to R12.2 billion . FY diluted adjusted HEPS decreased 20 pct to 628 cents . Final gross cash dividend of 135 cents per share . With opening of Time Square at Menlyn in April next year Morula Casino will be closed and carousel will be severely impacted . All options, including disposal are being considered for Carousel which will need to be downscaled when time square opens . Started talks with Western Cape Gambling Board, Gauteng Gambling Board regarding tax concessions for international VIP programme to be viable . In South Africa, economic environment remains a serious concern . Despite a slowdown in Chilean economy we expect continued growth from our portfolio of properties in that country . Anticipate a slight improvement in performance from existing business during current 6 month period .Sun with opening of Time Square Casino in April next year we anticipate meaningful growth in revenue and EBITDA for full period.  Full Article

Sun Intl sees FY headline loss per share down 159 pct-167 pct
Wednesday, 17 Aug 2016 03:30am EDT 

Sun International Ltd : Says FY headline loss per share ("HLPS") is likely to be between 370 to 420 cents per share (down 159-167 pct) . Says FY loss per share ("LPS") is likely to be between 400 to 447 cents per share (down 142-147 pct) . Says FY 2015 950 cents earnings . Says diluted AHEPS likely to be between 608 and 647 cents per share (18-23 pct) lower than last year's 789 cents .Says HLPS impacted by expense of 748 mln rand(579 mln rand attributed to company) for settlement of time square note.  Full Article

Sun International Ltd says receives 239.4 mln rand from Zambia disposal
Thursday, 30 Jun 2016 11:00am EDT 

Sun International Ltd : Been entered into between subsidiaries of each of Sil and Minor International Public Company Limited . SIL will dispose of its remaining minority interests in various entities to mint .Parties have now implemented zambia disposal with SIL receiving a net consideration amount of 239.4 million rand.  Full Article

Sun International says merged Latin American assets with Dreams S.A.
Wednesday, 1 Jun 2016 02:30am EDT 

Sun International Ltd : Merger results in creation of latin america's largest gambling group ("Sun Dreams") . Merger of the Latin American assets of SIL with Dreams S.A. .Parties have now implemented merger.  Full Article

Sun Intl says to sell stakes in various entities to MINT for 394 mln rand
Monday, 9 May 2016 11:00am EDT 

Sun International Ltd : Will sell its minority interests in various entities in Zambia, Botswana, Namibia, Lesotho and Swaziland . Will dispose its interests in various entities to Minor International Public Company Limited .Sale proceeds of approximately 394 million rand from proposed transaction will be used to reduce group debt..  Full Article

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UPDATE 2-South Africa's Sun International scraps dividend after profit fall

* Expects gaming revenue to remain under pressure (Adds details, CEO comments about Latin American business)