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General  // Browsing posts in General

24 Mar 2014 General

S.AFRICA’S HCI TO SPIN OFF U.S. ENERGY UNIT, LIST IT ON JSE

(Reuters) – South Africa’s Hosken Consolidated Investments (HCI) said on Monday it would spin off its interest in private U.S. alternative energy company Montauk and list it separately on the Johannesburg Stock Exchange. HCI’s share price rose over 3 percent to 145.75 rand on the news. The listing is expected to take place in the […]

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24 Feb 2014 General

CORONATION FUND MANAGERS: OMNIA PROFIT USED TO BUY MORE OF HCI

Coronation Fund Managers’s small cap fund is buying more shares in Hosken Consolidated Investments (HCI) after the manager profited from its stake in Omnia Holdings, which more than tripled in four years. “HCI was already a big position in our fund,” Siphamandla Shozi, who helps oversee Coronation’s small-cap fund, said last week. “We’ve added more […]

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21 Feb 2014 General

CORONATION BETS OF HOSKEN AFTER OMNIA RIGHTS OFFER PAYS OFF

Coronation Fund Managers Ltd.’s small-cap fund is buying Hosken Consolidated Investments Ltd. (HCI) as the money manager profited from its stake in Omnia Holdings Ltd., which has more than tripled in four years. “HCI was already a big position in our fund,” Siphamandla Shozi, who helps oversee the Coronation Smaller Companies Fund (CORSPEG), said by […]

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21 Nov 2013 General

HCI’S SMALLER INVESTMENTS ARE ‘STARTING TO SHOW PROMISE’

CAPE TOWN — Hosken Consolidated Investments (HCI), the R17.6bn investment company, continues to draw strength from its casino and media interests. But several smaller investments — most notably coal and property — are starting to show promise. Interim results to end September released on Thursday showed that HCI’s holding in casino and hotel group Tsogo […]

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29 Oct 2013 General

HCI’S TIGHT-FISTED APPROACH TO REMAIN

HOSKEN Consolidated Investments, the R17bn investment conglomerate, won’t be giving much away … no matter how investors look at it. Speaking at the HCI annual general meeting on Monday, CEO Johnny Copelyn ruled out a more generous dividend policy and reiterated a determination not to dilute current shareholders by issuing new scrip for acquisitions. Shareholder […]

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OUT INTO THE LIGHT

By freeing its investment in e.tv, Hosken Consolidated Investments (HCI) has showed reassuring determination not to bury its top-quality assets. The problem with an investment company holding one huge and successful investment is that it can – as HCI appears to have acknowledged – completely overshadow other interests. And this is a real concern when […]

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24 Jan 2013 General

DEAL OF THE WEEK – CORONATION’S HCI PUNT

CFM increased its stake in HCI One of SA’s largest asset management companies, Coronation Fund Managers (CFM), has taken a sizeable punt on empowerment conglomerate Hosken Consolidated Investments (HCI). Last week CFM increased its stake in HCI from 1,07% (excluding a 0,35% stake held through Coronation Life) to 5,48%. That increases the value of CFM’s […]

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19 Nov 2012 General

UNAUDITED GROUP INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2012

– Headline earnings per share +38,7% – Earnings per share +33,5% – Profit before tax +21,2% ABRIDGED CONSOLIDATED STATEMENT OF FINANCIAL POSITION See PDF under Annual Financial Section ABRIDGED CONSOLIDATED INCOME STATEMENT See PDF under Annual Financial Section ABRIDGED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME See PDF under Annual Financial Section ABRIDGED CONSOLIDATED CASH FLOW […]

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31 Oct 2012 General

WHAT WILL HCI DO TO UNLOCK SHAREHOLDER VALUE?

More focused on developing property assets. CAPE TOWN – Diversified investment holdings company HCI is increasingly including property among its portfolio of business interests. Though it has always been a property owner by virtue of its investment in clothing factories, bus terminuses, TV & film studios, it is now actively commercialising some of this property. […]

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22 Aug 2012 General

THE RISING SUCCESS OF HCI ASSETS

Hosken Consolidated Investments (HCI) is without doubt a trailblazer among trade union investment companies. Its portfolio of assets and returns are the stuff of envy not only among its peers in the trade union sector but in the broader black economic empowerment space. HCI interests straddle gaming hotels and leisure, media and broadcasting, transport, energy, […]

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