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General  // Browsing posts in General

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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25 May 2015 General

REGULATIONS STYMIE DEVELOPMENTS, SAYS HCI

TRADE union-controlled empowerment giant Hosken Consolidated Investments (HCI) has bemoaned the significant regulatory challenges it faces in several of its key business holdings. HCI — worth about R16.5bn in market capitalisation — holds a mainstay investment in gaming and leisure group Tsogo Sun, but also has influential or controlling stakes in media (mainly e.tv), alternate […]

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11 May 2015 General

NEWS ANALYSIS: STATE MAKES RAPID BEE POLICY REVERSAL

THE Department of Trade and Industry has made one of the quickest reversals in government policy making to date. After casually introducing a “clarification” on Tuesday that dramatically altered both the substance and value of broad-based black economic empowerment (BEE), and which would have affected the standing of about 80% of deals done to date, […]

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7 May 2015 General

BEE RULE CHANGE MAY HURT TOP COMPANIES

Empowerment programmes benefiting community and special interest trusts and employees to contribute less compliance. Some of the biggest companies in South Africa could fall foul of regulations and lose business after the government changed how it scores their compliance with regulations compelling them to give shares to black people. The Department of Trade and Industry […]

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