Stock up

Finweek English Edition - - GOING FOR GAMING INVESTMENT - GE­ORGIE EN­GEL­BRECHT

IT’S OF­FI­CIALLY the hol­i­day sea­son and most busi­nesses across the coun­try will be clos­ing up shop or down­siz­ing to skele­ton staff as the mass ex­o­dus to hol­i­day des­ti­na­tions be­gins. It is a time when ho­tel oc­cu­pancy rises and peo­ple spend with a friv­o­lous Christ­mas cheer that can be likened to gay aban­don.

Both of th­ese bode very well for ho­tel and gam­ing group Tsogo Sun Hold­ings. Not only did Africa’s big­gest ho­tel and casino op­er­a­tor report a very im­pres­sive set of re­sults but the space in which they op­er­ate seems to be go­ing from strength to strength. The ho­tels side of the group gets car­ried by the gam­ing some­what but the hang­over from the 2010 Soc­cer World Cup seems to be a thing of the past, and ho­tel oc­cu­pancy rates are sta­ble.

With good cash f low, a solid bal­ance sheet and a strong brand how­ever, it might be worth adding some Tsogo Sun shares to your Christ­mas stock­ing.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.