A stock likely to suffer when the JSE opens on Monday morning is Sun International, when the market reacts to a trading statement it issued at 5pm on Friday. The hotel and casino operator warned shareholders of a headline loss per share of up to R1.96 for the year to end-December from the prior year’s headline earnings per share (HEPS) of R3.82. It reports full-year results on March 19 . Reasons Sun International gave for falling into a loss included problems with its new Menlyn Pretoria operations, Sun Time Square Casino and The Arena. The group said Sun Time Square’s revenue for the nine months to end-December was R827m. "As a result of disappointing trading and a high interest charge, Sun Time Square has incurred a significant loss before tax. Due to the size of this loss we have not been able to justify the raising of the full deferred tax asset and consequently there was limited tax relief from the losses," Sun International said. Rand Merchant Investments — whose holdings incl...
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