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Sun International Limited

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Our opinion on the current state of SUNINT(SUI)Sun International (SUI) is a casino and hotel operator with interests in South Africa, Chile, Peru, and recently, Argentina. The depressed economy in South Africa impacted the performance of South African casinos and hotels even before COVID-19. The company increased its stake in Sun Dreams in Peru by 10% to 65%. It also bought a hotel and casino in Argentina for $25,5m. The company invested R4bn in the Time Square casino near Pretoria, which was beginning to perform before COVID-19. The group also owns well-known South African casino/hotel operations like Sun City, Carnival City, and Grand West. The share has fallen from a high of R142 in February 2015 to current levels around R40. At this level, its debt was close to double its market capitalisation. The company plans to sell its Nigerian interests and has received a number of offers. It has not paid any dividends in the past two years and only expects to resume dividends in a further two years or so. The company retrenched 2,195 staff, and its debt fell sharply. In its results for the year to 31st December 2024, the company reported income up 5,1% and headline earnings per share (HEPS) up 17,4%. The company said, "Sunbet maintained its impressive upward trend, with income increasing by 60.6%, once again exceeding its ambitious growth targets. The rapid expansion of online gaming, fuelled by technological advancements, evolving social attitudes, and several other challenges, necessitates enhanced compliance monitoring." Technically, the share has been in a volatile upward trend since its low point in May 2020. It should continue to recover.
JSE:SUI
by PDSnetSA
Our opinion on the current state of SUNINT(SUI)Sun International (SUI) is a casino and hotel operator with interests in South Africa, Chile, Peru, and recently, Argentina. The depressed economy in South Africa impacted the performance of South African casinos and hotels even before COVID-19. The company increased its stake in Sun Dreams in Peru by 10% to 65%. It also bought a hotel and casino in Argentina for $25,5m. The company invested R4bn in the Time Square casino near Pretoria, which was beginning to perform before COVID-19. The group also owns well-known South African casino/hotel operations like Sun City, Carnival City, and Grand West. The share has fallen from a high of R142 in February 2015 to current levels around R18.24. At this level, its debt was close to double its market capitalisation. The company plans to sell its Nigerian interests and has received a number of offers. It has not paid any dividends in the past two years and only expects to resume dividends in a further two years or so. The company retrenched 2195 staff and its debt fell sharply. In its results for the six months to 30th June 2024, the company reported income up 5% and adjusted headline earnings per share (HEPS) up 9,1%. The company said, "The group's 5.0% increase in income, combined with effective cost control, yielded a continuing adjusted EBITDA margin of 27.3% which was in line with the prior period. This consistency highlights the effectiveness of cost optimisation initiatives implemented by the group and lower diesel costs following the reduction in load shedding. The group is in a strong financial position with South African debt (excluding IFRS 16 lease liabilities) at R5.4 billion." In a trading statement for the year to 31st December 2024, the company estimated that HEPS would increase by between 14,1% and 19,8%. The company said, "Sun International retains a strong financial position as it continues to de-gear, with debt (excluding IFRS 16 lease liabilities) decreasing from R5.7 billion in FY23 to R5.2 billion as at 31 December 2024." Technically, the share has been in a volatile upward trend since its low point in May 2020. It should continue to recover.
JSE:SUI
by PDSnetSA
Our opinion on the current state of SUNINT(SUI)Sun International (SUI) is a casino and hotel operator with interests in South Africa, Chile, Peru, and recently, Argentina. The depressed economy in South Africa impacted the performance of South African casinos and hotels even before COVID-19. The company increased its stake in Sun Dreams in Peru by 10% to 65%. It also bought a hotel and casino in Argentina for $25,5m. The company invested R4bn in the Time Square casino near Pretoria, which was beginning to perform before COVID-19. The group also owns well-known South African casino/hotel operations like Sun City, Carnival City, and Grand West. The share has fallen from a high of R142 in February 2015 to current levels around R18.24. At this level, its debt was close to double its market capitalisation. The company plans to sell its Nigerian interests and has received a number of offers. It has not paid any dividend in the past two years and only expects to resume dividends in a further two years or so. The company retrenched 2,195 staff, and its debt fell sharply. In its results for the six months to 30th June 2024, the company reported income up 5% and adjusted headline earnings per share (HEPS) up 9,1%. The company said, "The group's 5.0% increase in income, combined with effective cost control, yielded a continuing adjusted EBITDA margin of 27.3% which was in line with the prior period. This consistency highlights the effectiveness of cost optimisation initiatives implemented by the group and lower diesel costs following the reduction in load shedding. The group is in a strong financial position with South African debt (excluding IFRS 16 lease liabilities) at R5.4 billion." Technically, the share has been in an upward trend since its low point in March 2020. It should continue to recover.
JSE:SUI
by PDSnetSA
Our opinion on the current state of SUNINT(SUI)Sun International (SUI) is a casino and hotel operator with interests in South Africa, Chile, Peru, and recently Argentina. The company has been impacted by the depressed South African economy, which affected the performance of its South African casinos and hotels even before the onset of COVID-19. Despite these challenges, Sun International increased its stake in Sun Dreams in Peru by 10% to 65% and expanded its portfolio by purchasing a hotel and casino in Argentina for $25.5 million. Additionally, the company invested R4 billion in the Time Square casino near Pretoria, which was beginning to show promise before the pandemic hit. The group also owns several well-known South African casino/hotel operations, including Sun City, Carnival City, and Grand West. The share price has fallen significantly from a high of R142 in February 2015 to current levels around R18.24. At this level, the company's debt was nearly double its market capitalization. Sun International has been working on reducing its debt, including by retrenching 2,195 staff and considering the sale of its Nigerian interests, for which it has received several offers. The company has not paid any dividends in the past two years and does not expect to resume dividend payments for another two years. In its results for the year ended 31st December 2023, Sun International reported a 7% increase in income and an 88.1% rise in headline earnings per share (HEPS). The company noted that the South African gaming market grew for a third consecutive year to R55.8 billion in gross gaming revenue. Gaming income, which constitutes 76.8% of the group's total income, showed sustained growth, with an overall increase of 3.3%. However, casino income decreased slightly by 1.0%, and Sun Slots' operations were negatively impacted by load shedding. In a trading statement for the six months to 30th June 2024, the company estimated that HEPS would increase by between 5.4% and 12.4%. Sunbet, the company's online gaming division, has maintained exceptional growth and is exceeding its targets. Urban casino income from larger properties has continued to grow and protect margins, while resorts and hotels have shown robust growth in income and a significant improvement in the adjusted EBITDA margin. Technically, the share has been in an upward trend since its low point in March 2020 and is expected to continue recovering as economic conditions improve.
JSE:SUI
by PDSnetSA
UPDATE: Will be get our long awaited breakout yet?Sun International has been a roller coaster of a ride. Been swinging between R38.00 and R42,50. Well, lately we've seen higher lows, and the price keeps touching the top. It's like hitting thin ice. Eventually it'll break up and out. So, let's see what it does. UPDATE: Over the past year, the most notable insider purchase was made by CEO & Executive Director Anthony Leeming, who bought shares valued at R2.2 million, priced around R36.42 each. While insider purchases are generally a positive sign, it's important to note that this significant buy was made at a price considerably lower than the current price of R41.70. This lower purchase price suggests that it may not provide much insight into whether insiders currently see the stock as a good value. During the last year, insiders at Sun International have been buying shares but haven't sold any. The insider transactions for the past year, including purchases by both companies and individuals, are illustrated in the provided chart. For detailed information on the transactions, including specifics on who sold shares, the sale amounts, and the timing, you're encouraged to check the chart directly.
JSE:SUILong
by Timonrosso
Sun International ready to fly to R47.31Similar to the previous analysis with City Lodge I just did, Hospitality, Hotels and entertainment sectors are showing strong upside to come. Whether it's because of the strong earnings, pause of interest rates, more foreign investments with the weakening dollar - Who knows. But the charts, are showing upside to come. We have the Cup and Handle formation, a small one, but solid nevertherless. The price has broken above the brim level, but it's not convincing enough yet. We need one more stronger push to really get this going. Other upside indicators show . 7>21>200 RSI>50 My first target will be at R47.31
JSE:SUILong
by Timonrosso
Our opinion on the current state of SUISun International (SUI) is a casino and hotel operator with interests in South Africa, Chile, Peru and recently, Argentina. The depressed economy in South Africa impacted on the performance of South African casinos and hotels even before COVID-19. The company increased its stake in Sun Dreams in Peru by 10% to 65%. It also bought a hotel and casino in Argentina for $25,5m. The company invested R4bn in the Time Square casino near Pretoria which was beginning to perform before COVID-19. The group also owns well-known South African casino/hotel operations like Sun City, Carnival City and Grand West. The share has fallen from a high of R142 in February 2015 to current levels around R18.24. At this level its debt was close to double its market capitalisation. The company plans to sell its Nigerian interests and has received a number of offers. It has not paid any dividend in the past two years and only expects to resume dividends in a further two years or so. The company retrenched 2195 staff and its debt fell sharply. In its results for the six months to 30th June 2023 the company reported income up 11,7% and adjusted headline earnings per share (HEPS) up 10,1%. The company said, "Gaming income, which makes up 78.0% of group income, showed continued sustained growth with income up 6.6%. Despite the difficult economic climate and increased competition, casino income proved resilient and increased by 3.2%. Sun Slots’ operations were impacted by load shedding with income slightly behind the prior comparative period. SunBet generated record income during the review period, up 138.4% on the first half of 2022". Technically, the share has been in an upward trend since its low point in March 2020. It should continue to recover.
JSE:SUI
by PDSnetSA
Sun setting down for Sun Int - Inv C&HInverse Cup and Handle has formed for this stock since 17 March 2023. The price breakdown took place on 23 June 2023. Momentum is showing downside to come with the next support to R28.00 Price<200 21>7 RSI <50 lower highs Target R27.38 ABOUT THE COMPANY Sun International is a South African-based company primarily involved in the gaming and hospitality industry. Sun International was established in 1969. The company started as a small hotel chain but grew to become one of South Africa's leading hotel and entertainment groups. The company operates more than 25 hotels, resorts, and casinos in eight countries including South Africa, Nigeria, and Chile. Sun International is known for its Sun City Resort, one of the most famous in South Africa. It's a luxury resort and casino, situated in the North West Province and surrounded by Sun City Resort was once considered the Las Vegas of South Africa due to its high-profile entertainment events, casinos, and luxury accommodations. The company's Boardwalk Casino in Port Elizabeth was the first licensed casino in South Africa's Eastern Cape province. Sun International has hosted various high-profile international events.
JSE:SUIShort
by Timonrosso
SUI: steep trend might correctA price action below 4190 supports a bearish trend direction. Increase short exposure for a break below 4120. The target price is set at 3970. The stop-loss price is set at 4310. Negate also the bearish stance for a break above this level. Corrected from overbought territory recently. If the angle of the trend is too steep, it means that the price is increasing or decreasing at a rate that is unsustainable in the long term. This is because, eventually, buyers or sellers will exhaust themselves and the price will begin to correct. The trend is at an angle of 71 degrees. A healthy trend is at an angle of 45 degrees.
JSE:SUIShort
by Peet_Serfontein
SUN INTERNATIONAL Ltd (SUI)"JSE-listed hotel and resort group Sun International is anticipating that its Sun City resort will have one of its best years ever in terms of operating cash flow in the current financial year following the disruption caused by the Covid-19 pandemic." - Moneyweb - 13 Oct 2022 Potential buy/long. Looking for confirmation via candle strong structure. - Bullish ascending triangle formed on 1 Day Chart with higher lows and flat upper trendline. - Price at lower boundary of support line. Target 1 - R33.95 If we find a break above R33.95 and confirmed support Target 2 - R50.51
JSE:SUILong
by MarketMeistersTrading