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Tsogo Sun Holdings Ltd (TSHJ.J)

TSHJ.J on Johannesburg Stock Exchange

2,426.00ZAc
6:35am EDT
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-24.00 (-0.98%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Tsogo Sun Holdings report FY adj HEPS of 207.6 cents
Wednesday, 24 May 2017 01:05am EDT 

May 24 (Reuters) - Tsogo Sun Holdings Ltd ::FY adjusted HEPS 207.6 cents, up 6 pct .Total 2017 dividend per share 104 cents, up 6 pct .Says "continued pressure on consumer due to weak macro-economic environment and consumer sentiment"."Trading is expected to remain under pressure".FY income 13.2 billion rand, up 8 pct.FY EBITDAR 5.0 billion rand, up 11 pct.  Full Article

Hospitality Property Fund acquires 29 hotels from Tsogo Sun for 3.6 bln rand
Thursday, 18 May 2017 04:07am EDT 

May 18 (Reuters) - Hospitality Property Fund Ltd :Entered into agreements with Cullinan Hotel Proprietary, Merway Fifth Investments and Southern Sun Hotels.Agreement for acquisition of portfolio of 29 hotel properties and each of hotel letting businesses conducted in respect of such properties.Deal for an aggregate purchase consideration of R3.6 billion.Hospitality's greater scale is expected to reduce its cost of funding whilst providing co with access to capital for future opportunities.Purchase consideration will be discharged by hospitality via cash payment to ssh of R1.03 billion on effective date.Purchase consideration will also be discharged via the issue to ssh by hospitality of 174mln hospitality ordinary shares.  Full Article

Tsogo Sun sees full-year HEPS up 12-14 pct
Monday, 8 May 2017 10:53am EDT 

May 8 (Reuters) - Tsogo Sun Holdings Limited :Fy revenue is expected to be between 7% and 9% higher (r860 million and r1,105 million higher).Fy heps is expected to be between 12% and 14% higher (22.6 cents and 26.3 cents higher).Fy adjusted heps is expected to be between 5% and 7% higher (9.8 cents and 13.8 cents higher).Fy ebitdar is expected to be between 10% and 12% higher (r454 million and r545 million higher).  Full Article

Niveus Investments proposes disposal of certain gaming businesses
Tuesday, 14 Mar 2017 01:05am EDT 

Niveus Investments: Proposed disposal by Niveus of certain gaming businesses and unbundling of Gameco . Says Niveus holds 460 mln ordinary shares in Gameco . It is anticipated that Niveus shareholders will receive 3.62 Gameco shares for every 1 Niveus share held on record date of unbundling . Tsogo has limited maximum aggregate consideration payable in respect of Gameco shareholders electing cash based alternative to 1.2 billion rand .Tsogo agreed with HCI to make a voluntary offer to all minority shareholders of Gameco to acquire shareholding in Gameco.  Full Article

Hospitality Property in talks to buy hotels worth 2.2 bln rand from Tsogo Sun
Friday, 10 Feb 2017 04:25am EST 

Hospitality Property Fund Ltd : Entered into negotiations with Tsogo Sun and/or subsidiaries over potential acquisition of a circa R3.3 billion portfolio of hotel assets . Proposed transaction will be implemented on an income-for-income basis and funded by hospitality through a debt and equity .Preparing to undertake an underwritten rights offer to raise about R1.8 billion at offer pricing based on then prevailing market price.  Full Article

BRIEF-Hospitality Property in talks to buy hotels worth 3.3 bln rand from Tsogo Sun
Friday, 10 Feb 2017 04:25am EST 

Corrects figure in headline to 3.3 bln rand from 2.2 bln rand.Hospitality Property Fund Ltd : Entered into negotiations with Tsogo Sun and/or subsidiaries over potential acquisition of a circa R3.3 billion portfolio of hotel assets . Proposed transaction will be implemented on an income-for-income basis and funded by hospitality through a debt and equity .Preparing to undertake an underwritten rights offer to raise about R1.8 billion at offer pricing based on then prevailing market price.  Full Article

Trematon Capital to sell WC Leisure stake for 190 mln rand
Monday, 14 Nov 2016 04:30am EST 

Trematon Capital Investments Ltd : Disposal of interest in Mykonos casino to Tsogo Sun Holdings Limited and withdrawal of cautionary announcement . Disposal will be effected by means of a share repurchase of CML's shares such that Tsogo will acquire all of issued shares in WC Leisure . Consideration will be utilised to grow current business operations as well as retain cash reserves . Entered into informal heads of agreement with Tsogo Sun to dispose of 29,640 ordinary shares in West Coast Leisure Proprietary Ltd .Disposal represents its 29.64 pct interest in WC Leisure, for an aggregate consideration of 190 mln rand.  Full Article

Hospitality Property declares dividend payment
Friday, 23 Sep 2016 08:32am EDT 

Hospitality Property Fund Ltd: Tsogo Sun to acquire control of Hospitality – clean out dividend and finalisation announcement . Declared dividend for period from 1 July to 31 Aug, payable to holders of a ordinary shares only, of 9.28911 cents (gross) per A share . No clean out dividend is payable to holders of B shares .Issued share capital at declaration of clean out dividend comprises 144 285 503 A shares, 144 285 503 B shares of no par value.  Full Article

Hospitality Property and Tsogo Sun confirm effective date of deal
Thursday, 1 Sep 2016 06:08am EDT 

Hospitality Property Fund Ltd :Tsogo Sun and Hospitality are pleased to confirm that effective date of transaction is 1 September 2016.  Full Article

Hospitality Property Fund - Competition Tribunal approves Tsogo Sun deal with conditions
Thursday, 11 Aug 2016 02:30am EDT 

Hospitality Property Fund Ltd : Tsogo Sun to acquire control of hospitality by vending a portfolio of hotels into hospitality in exchange for shares . Transaction has been approved by Competition Tribunal .Competition tribunal approval subject to conditions accepted by both parties.  Full Article

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BRIEF-Tsogo Sun sees full-year HEPS up 12-14 pct

* Fy revenue is expected to be between 7% and 9% higher (r860 million and r1,105 million higher)