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General  // Browsing posts in General

1 Jun 2017 General

HCI: DEALS, DEBT AND DIVIDENDS

Though the diversified company is cash constrained, jittery investors can take heart from its sensible approach Hosken Consolidated Investments (HCI) needs to be regarded a little differently from the JSE’s other large diversified investment counters. Unlike Remgro, PSG, Brait, Brimstone, AEEI and even recently listed Universal Partners and Long4Life, there is a substantial dollop of […]

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2 Nov 2016 General

SHARP FOCUS ON HUGE HCI DISCOUNT

The sizeable discount the market places on the sum-of-the-parts (SOTP) value of Hosken Consolidated Investments (HCI) was the big discussion point at the empowerment company’s annual general meeting on Tuesday. HCI is anchored by its controlling stake in gaming and hotel group Tsogo Sun but also holds influential stakes in alternative gaming group Niveus, industrial […]

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29 Jul 2016 General

HCI DISPELS LINGERING PRECEPTIONS

Last week’s general meeting of empowerment conglomerate Hosken Consolidated Investments (HCI), convened to vote on a specific share repurchase proposal, could have been subtitled “Perceptions and Reality”. Events certainly reinforce the notion that more shareholders should make an effort to attend AGMs and company meetings. As it turned out, only a handful of shareholders attended […]

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1 Jul 2016 General

INVESTMENT BRIEFS: ALL SEWN UP

All sewn up Whatever is the investment arm of the SA Clothing & Textile Workers Union (Sactwu) up to? Sactwu is the biggest shareholder in Hosken Consolidated Investments but has lately shown a distinct lack of appetite for certain of the subsidiaries and offshoots of the empowerment investment giant. In 2014 Sactwu sold out of […]

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24 May 2016 General

HOSKEN CONSOLIDATED INVESTMENTS WARNS OF FALL IN EARNINGS PER SHARE

BLACK empowerment investment holding company, Hosken Consolidated Investments (HCI), expects its earnings per share to have fallen between 65.2% and 75.2% when it reports its financial results for the year to March 31 2016. The company advised shareholders on Monday it was likely to report basic earnings per share of between 1,169.8c and 833.6c, compared […]

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29 Apr 2016 General

COPELYN TAKES BET ON HCI’S AUSTRALIAN ASSET

JOHNNY Copelyn, the former trade unionist turned prime mover at empowerment investment giant Hosken Consolidated Investments (HCI), is taking a R325m bet on Australia. A transaction announced on Thursday proposes that Mr Copelyn — through corporate entity Rivetprops — swap a portion of his HCI shareholding for the company’s entire shareholding in HCI Australia, which […]

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20 Nov 2015 General

COPELYN SAYS RED TAPE CHOKING HCI

INVESTMENT giant Hosken Consolidated Investments (HCI), headed by canny deal maker and former trade unionist Johnny Copelyn, has taken a swipe at “regulatory inhibitions” hindering growth and expansion of the group’s underlying subsidiaries. In comments accompanying HCI’s interim report released on Thursday, Mr Copelyn highlighted impediments to its investments in gaming, broadcasting, leisure, and the […]

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19 Nov 2015 General

BRIEF-HOSKEN CONSOLIDATED SAYS H1 HEPS RISES 29 pct

* Unaudited condensed consolidated interim results for the six months ended Sept. 30, 2015 * Revenue, including net gaming win, increased by 87.5 pct to 11.16 billion rand * H1 EBITDA for group increased by 139.9 pct to 2.68 billion rand * Have resolved to declare an interim ordinary dividend of 40 cents (gross) per […]

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30 Sep 2015 General

COMPANY COMMENT: HOSKEN

TRADE union-controlled conglomerate Hosken Consolidated Investments (HCI) may have lost earnings power from its core casino and media engines, but the group is making a concerted effort to boost energy levels despite unbundling US-based waste-to-gas producer Montauk last year. HCI’s annual report shows a new investment in Karoshoek Solar One — a concentrated solar energy […]

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9 Jun 2015 General

COMPANY COMMENT: HCI’S WHITE KNIGHT TO CHECK ITHUBA’S WOES

EVERYONE knows that empowerment conglomerate Hosken Consolidated Investments (HCI) is dead keen on the local gaming sector. HCI owns the biggest shareholding in casino giant Tsogo Sun, as well as a controlling stake in alternative gaming specialist Niveus, which has limited payout machines, electronic bingo, sports betting and a share of the new Kuruman casino. […]

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