to join the discussion
@easystreet_jse but what happens to margins if load-shedding keeps crushing occupancy rates?
SUI been beaten down but casinos and hotels are coming back hard, people want to spend again post lockdown nonsense. At R54.75 we're pricing in way too much doom, the balance sheet isnt broken and gaming revenue is climbing. ngl if you cant see the leisure recovery play here youre missing it.
@easystreet_jse ja, the numbers will tell. casinos are actually running again hey
@easystreet_jse the margin story is massive hey, casinos printing again
@easystreet_jse fair point on casino recovery but what's the debt situation looking like post-covid, still chunky?
SUI sitting at R54.75 feels reasonable given the domestic gaming recovery and hotel occupancy climbing back. Been watching the balance sheet, debt coming down steadily. Catalysts moving forward with the new property rollouts, risk reward is very compelling at these levels if you've got patience.
SUI bouncing back nicely from those lows. Casino recovery is real, especially with international travel picking up again. Gonna be shocked if this doesn't push higher once earnings show the margin improvement we're expecting, loads better than where some of the other hospitality stocks are sitting.
SUI bouncing 2% on decent volume, though the stock's still trading well below its 52-week highs and the hospitality sector remains choppy with fuel costs and load-shedding biting hard.
R49.08 is annoying, we're right there at R50 and can't seem to crack it. casinos are coming back but the rand weakness is killing margins on the international stuff, plus load-shedding's been gutting foot traffic at the venues. if they can sort the operational costs they're actually sitting on decent assets but feels like we're just treading water until the macro improves.
SUI sitting at R49.08 is interesting because the casinos are actually printing money again post-covid but the rand weakness hurts forex on their international stuff. If it breaks R50 properly you might see some real conviction from the longer term holders, feels like the sector's finally getting some breathing room after years of load-shedding killing the hotel nights. Good luck GLTA
SUI sitting at R49 is decent value if you look at what the casinos are pulling in post-load-shedding recovery, ngl the gaming floors have been busy. I reckon if they can keep hotel occupancy climbing and cut costs a bit more, there's real upside to R55-60 over the next year or so. Not a sprint but the fundamentals are there.
SUI taking a minor dip to R4680 today but the hospitality recovery thesis hasn't changed much. Revenue growth from gaming operations is still the key metric to watch here.
SUI's casino and hospitality exposure is cyclical, but the dividend yield at current levels makes it attractive for patient capital willing to stomach near-term volatility like today's 1.48% dip. The real question is whether management can execute on cost discipline and internati
The 1.48% pullback feels overdone given SUI's resilience through the cycle, though I'd challenge the market's assumption that their gaming division can sustain current margins if consumer spending deteriorates further into 2025. Before buying this dip, we need clarity on their de
Sun International LTD (SUI) in the portfolio for 3 years. The thesis hasn't changed.
SUI is my main Consumer Goods exposure. R4748.00, happy to average down.
SUI's up 0.89% today but the hospitality recovery narrative is getting priced in while their debt levels remain elevated. The dividend yield is decent if occupancy holds, but I'd want to see clearer revenue growth momentum before adding exposure when there's still macro uncertain
SUI's 1.64% pop today caught my eye given the tight range we've been trading in. The gaming and hospitality exposure cuts both ways for volatility purposes, but if we're seeing renewed institutional interest in discretionary, I'd be watching the 4800 resistance level closely befo