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United Kingdom

Tsogo Sun Holdings Ltd (TSHJ.J)

TSHJ.J on Johannesburg Stock Exchange

2,037.00ZAc
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Change (% chg)

34.00 (+1.70%)
Prev Close
2,003.00
Open
2,050.00
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2,100.00
Day's Low
2,003.00
Volume
83,678
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703,157
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2,428.00
52-wk Low
1,801.00

Latest Key Developments (Source: Significant Developments)

Tsogo Sun Updates On Proposed Disposal And Proposed Division Of Tsogo Into Gaming, Hotel Management And Property Division
Thursday, 31 May 2018 

May 31 (Reuters) - Tsogo Sun Holdings Ltd ::NEGOTIATIONS ON PROPOSED DISPOSAL OF CERTAIN CASINO PRECINCT PROPERTIES TO HOSPITALITY PROPERTY FUND ARE PROGRESSING WELL.EXPECTS TO PUBLISH DETAILED TERMS OF PROPOSED TRANSACTION AND ANTICIPATED TIMETABLE SHORTLY.PROPOSED DIVISION OF TSOGO INTO A GAMING DIVISION, HOTEL MANAGEMENT DIVISION AND PROPERTY DIVISION.INTENDS TO UNBUNDLE SOUTHERN SUN HOTELS OPERATION INTO A SEPARATE JSE LISTING.SAYS PREVIOUS GROUP CHIEF EXECUTIVE OFFICER, MARCEL VON AULOCK, HAS AGREED TO JOIN HOTEL DIVISION AS CHIEF EXECUTIVE OFFICER WITH EFFECT FROM JUNE 1.  Full Article

Tsogo Sun Holdings FY Adjusted HEPS 197.8 Cents Down 5%
Wednesday, 23 May 2018 

May 23 (Reuters) - Tsogo Sun Holdings Ltd ::FY ADJUSTED HEPS 197.8 CENTS DOWN 5%.FY INCOME R14.0 BILLION UP 6%.FY FINAL DIVIDEND PER SHARE 70 CENTS UNCHANGED.FY EBITDAR R5.3 BILLION UP 4%.FY ADJUSTED HEPS 197.8 CENTS DOWN 5%.TRADING FOR YEAR IMPACTED BY DUE TO MACRO-ECONOMIC ENVIRONMENT, EXTREMELY WEAK SENTIMENT AND POLITICAL UNCERTAINTY.NET CASINO GAMING WIN FOR YEAR REDUCED BY 2% ON PRIOR YEAR.GIVEN WEAK STATE OF SOUTH AFRICAN ECONOMY, MANY COMMODITY FOCUSED COUNTRIES IN WHICH GROUP OPERATES, TRADING TO REMAIN UNDER PRESSURE.GROUP CONTINUES TO IMPLEMENT A VARIETY OF PROJECTS AND ACQUISITIONS INCLUDING INTERNAL RESTRUCTURING AND NEGOTIATIONS WITH HPF.  Full Article

Tsogo Sun To Sell Casino Precinct Assets To Hospitality Property Fund
Friday, 2 Mar 2018 

March 2 (Reuters) - Tsogo Sun Holdings Ltd ::TSOGO SUN HOLDINGS LTD - - PROPOSED DISPOSAL TO HOSPITALITY PROPERTY FUND LIMITED, UNBUNDLING AND CAUTIONARY ANNOUNCEMENT.TSOGO SUN HOLDINGS LTD - TSOGO AND HPF HAVE AGREED TO ACQUISITION BY HPF OF CERTAIN OF CASINO PRECINCT PROPERTIES CURRENTLY OWNED BY TSOGO GROUP.TSOGO SUN HOLDINGS LTD - INITIAL AGGREGATE BASE RENTAL PAYABLE BY TENANT FOR PROPERTIES WILL BE R1.9 BILLION PER ANNUM.TSOGO SUN HOLDINGS LTD - WILL RESTRUCTURE TSOGO GROUP INTO A PROPCO (HPF) AND OPCO (TSOGO).  Full Article

Tsogo Sun Holdings HY ‍income 6.4 bln rand
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Tsogo Sun Holdings Ltd ::HY ‍INCOME R6.4 BILLION UP 1%​.‍HY ADJUSTED HEPS 78.8 CENTS DOWN 10%​.‍INTERIM DIVIDEND PER SHARE 32.0 CENTS DOWN 6%​.TSOGO SUN HOLDINGS LTD - ‍EXCEPTIONAL LOSSES FOR SIX MONTHS OF R73 MILLION RELATE MAINLY TO PREOPENING COSTS OF R21 MILLION​.TSOGO SUN HOLDINGS LTD - ‍GROUP ADJUSTED HEADLINE EARNINGS FOR SIX MONTHS AT R754 MILLION ENDED 10% DOWN ON PRIOR PERIOD​.  Full Article

Tsogo Sun says ‍Gameco shareholders to get Tsogo share for every 2.875 Gameco shares​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Tsogo Sun Holdings Ltd :TSOGO SUN HOLDINGS LTD - ‍JOINT ANNOUNCEMENT OF FIRM INTENTION OFFER BY TSOGO TO ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF GAMECO​.TSOGO SUN HOLDINGS LTD - ‍GAMECO SHAREHOLDERS WILL RECEIVE: - 1 ORDINARY TSOGO SHARE FOR EVERY 2.875 GAMECO SHARES​.TSOGO SUN HOLDINGS LTD - ‍GAMECO SHAREHOLDERS WILL RECEIVE 20% IN CONSIDERATION SHARES AND 80% OF R9.796 PER GAMECO SHARE IN CASH​.  Full Article

Tsogo Sun Holdings ‍expects HY HEPS to be between 22-24% higher compared to year ago
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Tsogo Sun Holdings Ltd :HY ‍REVENUE IS EXPECTED TO BE BETWEEN 0% AND 2% HIGHER COMPARED TO PRIOR COMPARATIVE PERIOD OF R6,294 MILLION​.‍HY HEPS IS EXPECTED TO BE BETWEEN 22% AND 24% HIGHER ( 18.8 CENTS AND 20.5 CENTS HIGHER) COMPARED TO PRIOR COMPARATIVE PERIOD HEPS OF 85.6 CENTS​.  Full Article

S.Africa's Competition ‍tribunal says Tsogo Sun’s application on Niveus deal dismissed
Wednesday, 13 Sep 2017 

Sept 13 (Reuters) - South Africa's Competition Tribunal::S.AFRICA'S COMPETITION ‍TRIBUNAL DISMISSES HCI AND TSOGO SUN'S APPLICATION REGARDING NIVEUS TRANSACTION​.COMPETITION TRIBUNAL- ‍HAS DISMISSED APPLICATION BROUGHT ON 12 SEPTEMBER 2017 AND ITS REASONS FOR DOING SO ARE TO FOLLOW IN DUE COURSE​.  Full Article

Tsogo Sun updates on Hospitality Property Fund rights offfer
Tuesday, 18 Jul 2017 

July 18 (Reuters) - Tsogo Sun Holdings Limited::Southern Sun Hotels provided irrevocable commitment to Hospitality Property Fund of r510 million to follow rights in terms of Hospitality Rights Offer .SSH entered agreement with hospitality property fund to underwrite further r235 million of hospitality rights offer .Agreement with ssh for subscription of 16.7 million hospitality rights offer shares at r14.00/ share .  Full Article

Tsogo Sun says completed due diligence investigation of Gameco
Tuesday, 27 Jun 2017 

June 27 (Reuters) - Tsogo Sun Holdings Ltd ::Hereby advised that Tsogo has completed a due diligence investigation in respect of Gameco.Offer by Tsogo to acquire all of ordinary shares in Gameco will be settled 80 pct in cash (at r9.739 per Gameco share).Offer by Tsogo to acquire all of ordinary shares in Gameco will be settled 20 pct in shares; 1 Tsogo share for every 2.875 Gameco shares.  Full Article

UPDATE 1-S.Africa's Tsogo Sun CEO to retire, hotel business spin-off to go ahead

JOHANNESBURG, March 15 South African hotelier and casino operator Tsogo Sun said on Friday it is going ahead with the spinoff of its hotel business, as it announced its chief executive would retire in June.