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2014  // Posts published in 2014

10 Dec 2014 SENS Announcements

MONTAUK HOLDINGS LIMITED UNBUNDLING – APPORTIONMENT RATIO FOR SOUTH AFRICAN

1. Introduction CI ordinary shareholders (“HCI Shareholders”) are referred to the SENS announcement dated Wednesday,    19 November 2014 (the “Announcement”) relating to the unbundling of HCI’s ordinary shares in Montauk    Holdings Limited (“Montauk”) to HCI Shareholders (“the Unbundling”) in the ratio of 120.03411 Montauk    ordinary shares (“Montauk Shares”) for every 100 HCI ordinary shares (“HCI […]

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3 Dec 2014 Niveus Investments

NIVEUS MAKES INVESTMENT IN BET.co.za

Online sports betting site BET.co.za’s form has attracted attention from serious players in the industry. Listed company Niveus Investments, a focused investment entity that controls, among others, Vukani Gaming Corporation and Galaxy Bingo, has proposed taking a significant share in the company. BET.co.za rapidly gained traction soon after launching into the world of online sports […]

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2 Dec 2014 General

HCI TO BUY BACK SHARES FROM MANAGEMENT

HOSKEN Consolidated Investments will buy back shares worth $27m from management, the investment firm said on Monday, giving the executives funds to buy out its biggest shareholder from an HCI spin-off investment. HCI, whose interests span broadcasting, textiles and hotels, said it will buy back shares worth R300m from entities controlled by its chief executive, […]

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1 Dec 2014 Uncategorized

PROPOSED SPECIFIC REPURCHASE OF HCI SHARES

R1. INTRODUCTION HCI has concluded agreements (“Repurchase Agreements”) with certain directors of HCI, directors of HCI subsidiary companies and/or associates of such directors (“the Parties”) in terms of which HCI will acquire 2,000,000 HCI ordinary shares (“HCI Shares”), subject to the terms and conditions referred to below, at a price of R150 per HCI Share […]

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28 Nov 2014 KWV Holdings

WHEN SHOULD A COMPANY BUY BACK ITS SHARES?

KWV’s share buy-back exercise will reignite the debate about whether shareholders really benefit from open market forays. SHARE buy-backs remain a most contentious issue among discerning investors. Some companies, like commodities giant Glencore and British American Tobacco (BAT), have until very recently applied blanket buy-back strategies, effectively mopping up shares on the open market every […]

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24 Nov 2014 Tsogo Sun Holdings

TSOGO SUN TO PUMP UP ITS CASINO INVESTMENTS

Tsogo Sun Holdings (TSH), already the largest hotel and casino operator in South Africa, is set to make major inroads into the market by upping its casino investments. The gaming and hotels group is making a substantial long-term bet by looking past the prevailing dour trading environment and committing more than R5bn of investment to […]

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23 Nov 2014 Tsogo Sun Holdings

GOVERNMENT’S BELT TIGHTENING HITS TSOGO SUN

SOUTH Africa’s biggest hotel and gaming group, Tsogo Sun, had a tough six months. Its share price was 7% down by the close of trade on Thursday when results were released. “The consumer is under more pressure than we anticipated at this stage,” said CEO Marcel von Aulock. “Current trading is difficult. You’ve got to […]

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21 Nov 2014 General

BUS DIVISION GIVES HCI EARNINGS SURPRISE LIFT

INVESTMENT conglomerate Hosken Consolidated Investments (HCI) received an unexpected boost from one of its unsung assets in the six months ended September. Interim numbers released on Thursday showed that Golden Arrow Bus Services, acquired for R250m in 2004, more than doubled its contribution to HCI’s headline earnings to R68m. The performance comes off a low […]

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20 Nov 2014 SENS Announcements

UNAUDITED CONDENSED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2014

Click here to download the SENS announcement

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20 Nov 2014 SENS Announcements

UNAUDITED CONDENSED CONSOLIDATED RESULTS

Please see pdf under the financial section of the website

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