Tag Archives: Stock Focus

Stock Focus: City Lodge (CLH)

The City Lodge Hotel Group (CLH) is a multi-brand chain offering a variety of locations, features and budget choices to business and leisure travellers.

City Lodge has 54 hotels in sub-Saharan Africa and has just begun expanding into Africa. All the hotels are managed under the City Lodge brand, which is divided into (in descending order of luxury): Fairview, Courtyard Hotel, City Lodge Hotel, Town Lodge and Road Lodge.

The group has won numerous awards including: Four Trip Advisor 2014 certificates of excellence, Bets one and two star hotels in 2013 National Lilizela Accommodation Awards, Awards for energy efficiency and more.

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Stock Focus: Tsogo Sun (TSH)

Tsogo Sun is Southern Africa’s premier gaming, hotel and entertainment group, listed on the JSE.

Its key shareholders are Hosken Consolidated Investments Limited , a JSE listed investment holding company (47.6%); SABMiller plc, the London listed brewing company (39.7%); financial institutions and the general public (19%).

Gaming properties include: Monte Casino, , Gold Reef City, Silver Star, Mykonos, The Caledon, Sun Coast, Black Rock.

Hotels include: Palazzo, Sandton Sun, Sun Coast Towers, Sun Square, Sun1 (Budget)

Just under 80% of revenue and Ebitdar comes from gaming.

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Stock Focus: Sun International (SUI)

Sun International owns and operates casino, hotel and resort properties in South Africa, other African countries and Latin America. Their casino operations contribute the largest share of Group revenue. The Group is actively expanding its casino business into growth markets, particularly in Latin America, while optimising its existing portfolio in South Africa and other African countries.

With a market capitalisation of approximately US$1.4-billion, Sun International is the leading casino operator in the southern hemisphere and enjoys a 42.5% share of the South African casino market. As one of Africa’s most significant tourism and leisure groups, Sun International owns and operates internationally acclaimed tourism resorts, luxury hotels and urban entertainment operations in eight countries, including South Africa, Zambia, Nigeria, Botswana, Namibia, Lesotho, Swaziland and Chile. More than half of this portfolio has been developed in the last 15 years, with new projects having been launched in West Africa and South America.

Brands/properties include: Sun City, Carnival City, Maslow, GrandWest, SunBet, Carousel, Boardwalk, Fish River, Wild Coast Sun, Monticello (Chile) and Ocean Sun Casino.

Every day, over 50,000 customers from over 50 countries visit a Sun International property.

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Stock Focus: Harmony (HAR)

Harmony is a gold-mining and exploration company, with more than six decades of experience. Harmony has operations in South Africa and in Papua New Guinea, one of the world’s most well-known gold mining regions and one of the world’s premier new gold regions respectively. In 2014, Harmony produced 1.17Moz of gold and was the third largest producer of gold in South Africa and the eleventh largest in the world.

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Stock Focus: Accelerate (APF)

Accelerate is  a newly listed property fund offering investors the opportunity to own a portfolio of 51 well-established, high-quality properties across South Africa, including ownership of two prominent regional shopping centres. Exciting growth prospects include the right to own 50% in  a super-regional centre upon its completion.

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The Georgiou Group was founded by Nicolas Georgiou forty six years ago and has expanded into a successful national property company.

The Georgiou family’s long standing relationships with three of the largest five banks in South Africa has led to the creation of a premier

portfolio of properties having a national footprint including various iconic properties in prominent Nodes such as the Fourways/Sandton Node, the Charles Crescent/Sandton Node, the Parrow/Bellville Node, and the Cape Town Foreshore Node, amongst others.

In late 2012, a strategic decision was taken by Michael Georgiou to diversify the Georgiou family’s sources of funding and take advantage of the favourable legal and tax framework provided to qualifying property entities in terms of the REIT legislation amidst continued interest from institutional and retail investors to participate in the income and growth of the Georgiou family’s unique property portfolio and experience by bringing some of the underlying properties to market through a listing on December 12th 2013.Timeline

Prospects: Where is the growth potential?

Accelerate has a three-pronged strategy:

1. The Fourways development

The Fourways area has been earmarked as the next CBD by the local council. At this time, the pride of the Accelerate Property Fund assets lies in the heart of Fourways – Gauteng’s development node of the future.

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