Edition:
India

Sun International Ltd (SUIJ.J)

SUIJ.J on Johannesburg Stock Exchange

3,698.00ZAc
12 Nov 2019
Change (% chg)

-2.00 (-0.05%)
Prev Close
3,700.00
Open
3,700.00
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3,670.00
Volume
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150,854
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6,564.00
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3,600.00

Latest Key Developments (Source: Significant Developments)

Sun International Says Negatively Impacted By Chile Protests
Friday, 1 Nov 2019 

Nov 1 (Reuters) - Sun International Ltd ::JSE: SUI - UPDATE REGARDING CERTAIN TRANSACTIONS AND ACTIVITIES IN LATAM.SUN INTERNATIONAL - PROPOSED MERGER BETWEEN SUN DREAMS S.A. AND CERTAIN GAMING ASSETS OF CLAIRVEST CHILE LIMITADA AND INVERSIONES SAN ANDRES LIMITADA.SUN INTERNATIONAL - PARTIES FAILED TO CONCLUDE PROPOSED MERGER AS ENVISAGED IN MOU BY CLOSE OF BUSINESS ON 31 OCT AND CONSEQUENTLY MOU HAS LAPSED.SUN INTERNATIONAL - SUN DREAMS AND CERTAIN GAMING ASSETS OF MARINA AGREE TO CONTINUE TO CONSIDER POTENTIAL MERGER AT A LATER STAGE.SUN INTERNATIONAL - PARTIES NOT YET GOT APPROVAL FOR PROPOSED DISPOSAL FROM SUPERINTENDENCIA DE CASINOS DE JUEGO BY LONG STOP DATE OF 31 OCTOBER 2019.SUN INTERNATIONAL LTD - SUN INTERNATIONAL IS ENGAGING WITH PACIFICO REGARDING AN EXTENSION TO LONG STOP DATE.SUN INTERNATIONAL- PROTESTS IN CHILE HAVE IMPACTED TRADING LEVELS WHICH HAVE BEEN RUNNING BELOW NORMAL LEVELS FOR PAST 12 DAYS.SUN INTERNATIONAL - SUN DREAMS PROPERTIES NEGATIVELY IMPACTED BY CHILE PROTESTS.SUN INTERNATIONAL LTD - ENVISAGES THAT PROTESTS WILL HAVE A NEGATIVE EFFECT ON SUN DREAMS' FINANCIAL RESULTS FOR YEAR ENDING 31 DEC 2019.SUN INTERNATIONAL LTD - THERE HAS ALSO BEEN SOME DAMAGE TO CERTAIN OF SUN DREAMS' PROPERTIES AS A CONSEQUENCE OF CHILE PROTESTS.  Full Article

Sun International Says Parties Not Been Able To Sign Definitive Agreements
Wednesday, 23 Oct 2019 

Oct 23 (Reuters) - Sun International Ltd ::PROPOSED MERGER BETWEEN SUN DREAMS SA AND MARINA.SUN DREAMS S. A., MARINA REMAIN IN TALKS, NEGOTIATIONS REGARDING CERTAIN KEY TERMS AND CONDITIONS PERTAINING TO PROPOSED MERGER.SUN INTERNATIONAL WILL NOT BE IN A POSITION TO POST A CIRCULAR TO ITS SHAREHOLDERS BY 31 OCTOBER 2019.SHOULD PARTIES FAIL TO REACH AGREEMENT BY 31 OCT 2019, MEMORANDUM OF UNDERSTANDING ENTERED INTO BETWEEN PARTIES WILL LAPSE.PARTIES REMAIN IN DISCUSSIONS, CONSEQUENTLY HAVE NOT BEEN ABLE TO FINALISE DUE DILIGENCE EXERCISE AND SIGN DEFINITIVE AGREEMENTS.  Full Article

Grand Parade To Sell Interest In Sun Slots For R504.3 Mln
Friday, 30 Aug 2019 

Aug 30 (Reuters) - Grand Parade Investments Ltd ::DISPOSAL OF INTEREST IN SUN SLOTS (RF) PROPRIETARY LIMITED.PROPOSED DEAL FOR CONSIDERATION OF R504.3 MILLION.ENTERED INTO REPURCHASE AGREEMENT WITH SUN SLOTS PROPRIETARY LIMITED IN TERMS OF WHICH GCI WILL SELL ALL SHARES IT HOLDS IN SUN SLOTS.PROCEEDS FROM DISPOSAL WILL BE USED TO REDUCE DEBT ASSOCIATED WITH ASSET.GPI'S INTENTION TO PASS ON A PORTION OF PROCEEDS BACK TO SHAREHOLDER'S IN FORM OF A SPECIAL DIVIDEND AND/OR SHARE BUYBACK.SALE REPRESENTS 30% ANNUALISED RETURN, BASED ON INITIAL CAPITAL INVESTED, 46% PREMIUM ON CURRENT CARRYING OR BOOK VALUE OF ASSET.  Full Article

Sun Internations Sees HY HEPS Profit Between 121 Cents/Share To 134 Cents/Share
Friday, 23 Aug 2019 

Aug 23 (Reuters) - Sun International Ltd ::JSE: SUI - TRADING STATEMENT AND CHANGE IN TRANSFER SECRETARY.SUN INTERNATIONAL - BASIC EPS FOR HY ENDED 30 JUNE 2019 IS EXPECTED TO BE A PROFIT OF BETWEEN 126 CENTS PER SHARE (16%) AND 137 CENTS PER SHARE.SUN INTERNATIONAL - HEPS FOR FINANCIAL HY IS EXPECTED TO BE A PROFIT OF BETWEEN 121 CENTS PER SHARE (-2%) AND 134 CENTS PER SHARE (9%).SUN INTERNATIONAL - SEES HY ADJUSTED DILUTED HEPS TO BE A PROFIT OF BETWEEN 131 CENTS PER SHARE (25%) AND 142 CENTS PER SHARE (35%).  Full Article

Sun International Says PSG Asset Management Now Holds 10.02 Pct Of Total Issued Ordinary Share Capital Of Co
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Sun International Ltd ::PSG ASSET MANAGEMENT LTD NOW HOLDS 10.02% OF TOTAL ISSUED ORDINARY SHARE CAPITAL OF COMPANY.  Full Article

Sun International FY HEPS Between 190 Cents And 225 Cents
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Sun International Ltd ::SUN INTERNATIONAL - BASIC FY EPS EXPECTED TO BE A LOSS OF BETWEEN 5 CENTS PER SHARE AND 7 CENTS PER SHARE.SUN INTERNATIONAL- HEPS FOR FINANCIAL YEAR ENDED 31 DECEMBER 2018 IS EXPECTED TO BE A PROFIT OF BETWEEN 190 CENTS PER SHARE AND 225 CENTS PER SHARE.SUN INTERNATIONAL- FY ADJUSTED DILUTED HEADLINE EARNINGS PER SHARE IS EXPECTED TO BE PROFIT OF BETWEEN 275 CENTS PER SHARE AND 330 CENTS PER SHARE.  Full Article

Sun International Says Will Not Declare Dividend For Year Ended Dec. 31​
Monday, 19 Mar 2018 

March 19 (Reuters) - Sun International Ltd ::‍BOARD HAS DECIDED NOT TO DECLARE A DIVIDEND FOR YEAR ENDED 31 DECEMBER 2017.​.FY REVENUE OF ‍15.61 BILLION RAND VERSUS 13.88 BILLION RAND YEAR AGO.FY ‍DILUTED ADJUSTED HEADLINE EARNINGS PER SHARE 298 CENTS VERSUS 503 CENTS​.FY PROFIT BEFORE TAX FROM OF 535 MILLION RAND VERSUS 542 MILLION RAND YEAR AGO.‍WHILE SOUTH AFRICAN OUTLOOK HAS IMPROVED, DO NOT ANTICIPATE THAT IT WILL BE IMMEDIATELY FELT IN DISCRETIONARY EXPENDITURE ​.‍WITH PROCEEDS FROM RIGHTS OFFER, CO WILL SETTLE DEBT AND CAPITALISE TIME SQUARE WHICH WILL SIGNIFICANTLY REDUCE INTEREST COST​.‍ALTHOUGH TRADING HAS IMPROVED MARGINALLY AT TIME SQUARE, GROUP MET ITS DEBT COVENANTS AT DEC 31, DEEMED IT PRUDENT TO EMBARK ON CAPITAL RAISE EXERCISE.‍PROCEEDS FROM RIGHTS OFFER WILL BE USED TO REPAY DEBT, THEREBY CREATING HEAD ROOM IN RELATION TO RELEVANT DEBT COVENANTS​.‍RIGHTS OFFER WILL REDUCE SUN INTERNATIONAL'S INTEREST CHARGE AS RATES ARE BASED ON SUN INTERNATIONAL'S PREVAILING DEBT METRICS​.‍GROUP CONTINUES TO GENERATE STRONG CASH FLOW FROM OPERATIONS, WHICH HAS RESULTED IN GROUP TRADING WITHIN DEBT COVENANT LEVELS.​.ON DIFFICULT TRADING CONDITIONS, TIME SQUARE PRODUCING DISAPPOINTING RESULTS, RENEGOTIATED SOUTH AFRICAN DEBT COVENANT LEVELS FOR JUNE, DEC 2017​.  Full Article

Sun International Sees FY Headline Loss Of Between 161-196 Cents Per Share ​
Friday, 9 Mar 2018 

March 9 (Reuters) - Sun International Ltd ::SUN INTERNATIONAL - HEPS FOR FINANCIAL YEAR ENDED 31 DECEMBER 2017 IS EXPECTED TO BE A LOSS OF BETWEEN 161 CENTS PER SHARE AND 196 CENTS PER SHARE​.SUN INTERNATIONAL - ‍FY ADJUSTED DILUTED HEADLINE EARNINGS PER SHARE IS EXPECTED TO BE A PROFIT OF BETWEEN 268 CENTS PER SHARE AND 328 CENTS PER SHARE​.SUN INTERNATIONAL - ‍EARNINGS WERE IMPACTED BY NOT ACCOUNTING FOR FULL DEFERRED TAX ASSET ON LOSSES OF SUN TIME SQUARE.SUN INTERNATIONAL LTD - ‍ EARNINGS ALSO WERE IMPACTED BY GROUP HAVING TO CONSOLIDATE BEE TRUSTS' 10% INTEREST IN SUN TIME SQUARE​.SUN INTERNATIONAL LTD - ‍BOARD HAS DEEMED IT PRUDENT TO EMBARK ON A CAPITAL RAISE EXERCISE OF R1.5 BILLION IN ORDER TO DE-RISK COMPANY'S BALANCE SHEET​.SUN INTERNATIONAL - ‍PROCEEDS FROM PROPOSED RIGHTS OFFER WILL BE USED TO REPAY DEBT, THEREBY CREATING HEADROOM IN RELATION TO RELEVANT DEBT COVENANTS​.  Full Article