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SUI down half a percent today but the stock's been range-bound around 50-52 for weeks now. Until we see either a catalyst on the gaming side or meaningful progress on their property portfolio, hard to get excited at these levels.
SUI down 1.52% today to R51.22, but the casino operator's dividend yield is still hovering around 8% which beats most of the consumer discretionary peers trading on the JSE. The weakness looks more like profit-taking than fundamental deterioration, especially compared to the reta
Grabbed some SUI at 53.35 this morning, the uptick suggests some institutional buying in dark pools and the dividend yield's still respectable at 5.8% even with the recent pressure on gaming stocks.
SUI popping 2.74% today on what looks like bargain hunting after that rough patch. The dividend yield is starting to look interesting again at these levels, but am I missing something on the hospitality recovery or is this just technical noise?
sui bouncing around the mid 50s because nobody can work out if the casinos are actually printing money or just burning through capex. balance sheet's still chunky but at least they're not issuing new shares every quarter like some of these clowns. long game is simple, if sa tourism picks up and load shedding doesn't kill the whole vibe they'll catch the express train, but that's two big ifs.
sui bouncing off 53 but casinos been under pressure ngl. hotels doing ok but gaming revenue is where the money is and thats been choppy. if load shedding eases and the rand stays steady could be lekker upside here, r150 minimum this year imo mark it
Good day to top up, SUI at R53.39 is decent value if you look at the casino recovery and the hotel portfolio. Spread across the country means load-shedding doesn't crush them like it does retail, and punters keep coming back. Not selling at these prices, the gaming revenue is coming back proper.
SUI's been under pressure but the casino recovery story is real, especially once travel normalizes post loadshed noise. R53.39 is giving decent risk reward on the gaming side, you've got Sandton and the regional properties still throwing off cash. Patience looks like a good idea here, catalysts moving forward with international visitor numbers ticking up.
@easystreet_jse but what happens to margins if load-shedding keeps crushing occupancy rates?
@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 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.
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 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 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
Current R 52,52 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.