2018 has been a brutal year for South African investors focused on the JSE with many highly-regarded “blue-chips” finding the going particularly tough.
Asset management group Anchor however believe that Tsogo Sun may be a share to consider and they have prepared the below video to outline their investment case.
A high level view of Tsogo Sun shows a share trading on a price to earnings multiple of around 8.6 times earnings and offering a 5% dividend yield.
The company is stripping out its property assets into the Hospitality property fund leaving investors with a clean gaming assets business:
