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Hospitality

Are the Dominoes about to fall?December 2022 saw Domino's reaching a high of $567.57 before reaching a base of $285.84, a drop of 50% from the highs. Since then, DPZ has rallied with the rest of the market, up 22% YTD aat press time, seeing a level of sell pressure as it dances around the $500 mark. Looking at the daily timeframe below... ...you can see a topping out structure as the C wave of a larger wave B approaches the 1.272 fib . This, I suggest will be followed by a Wave C of your larger A-B-C corrective pattern, targetting the 1.272 or 1.618 extensions of the wave A ($567.57 to $285.84). The targets are as follows: - 1.272: $209.03 (-58.37%) - 1.618: $164.87 (-66.93%) Looking at reasons for this, I can't find much. The one thing I do find worrying is the company's nagative equity situation. In their Balance sheet for the year end 2023, Domino's reported $1.77bn in total assets and $5.84bn in liabilities. A worsening of this situation would definitely be a cause for concern. Since much of this is most likely property debt, with a slowing down of the housing market, and potential reversal on the cards(?), my thesis would be that Domino's would no longer be able to afford their properties. Anyway, let me know what you think....and if you'd choose Domino's over pizza Hut. Cheers for reading
NYSE:DPZShort
by joshuashepherd877
UPDATE: Will be get our long awaited breakout yet?Sun International has been a roller coaster of a ride. Been swinging between R38.00 and R42,50. Well, lately we've seen higher lows, and the price keeps touching the top. It's like hitting thin ice. Eventually it'll break up and out. So, let's see what it does. UPDATE: Over the past year, the most notable insider purchase was made by CEO & Executive Director Anthony Leeming, who bought shares valued at R2.2 million, priced around R36.42 each. While insider purchases are generally a positive sign, it's important to note that this significant buy was made at a price considerably lower than the current price of R41.70. This lower purchase price suggests that it may not provide much insight into whether insiders currently see the stock as a good value. During the last year, insiders at Sun International have been buying shares but haven't sold any. The insider transactions for the past year, including purchases by both companies and individuals, are illustrated in the provided chart. For detailed information on the transactions, including specifics on who sold shares, the sale amounts, and the timing, you're encouraged to check the chart directly.
JSE:SUILong
by Timonrosso
UPDATE City Lodge - Odd Lot Offer and will this be GOOD to buyCity Lodge, has been in this tiresome Symmetrical Triangle since October 2022... However, recently it's broken above which is showing positive signs that there is upside to come.. However, in the most recent SENS update there was a mention about the Odd Lot Offer. So let's break it down and what it means. 1. What's Going On: As of October 16, 2023, there were a bunch of small-scale shareholders in City Lodge, each holding fewer than 100 shares. These investrs are referred to as "Odd-lot Holders," which make up 58.22% of all City Lodge shareholders. However, when you look at the total shares they own, it's just a tiny 0.06% of the market. Now, managing these tiny portions costs a lot, creating a headache for everyone. 2. The solution To solve this issue, at City Lodge's board of directors are suggesting an Odd-lot Offer. This means they want to buy back the small amounts of shares from these Odd-lot Holders, making life simpler for everyone involved. 3. So what do these Odd-lot holders get? If you're one of these Odd-lot Holders, you get a chance to cash at a price that's 5% more than the average value of City Lodge shares over the past 30 days. It's like a special deal, and you won't have to pay any fees to make the transaction. 4. How it works To make this happen, City Lodge needs approval from its shareholders. They discussed it at the Annual General Meeting on November 23, 2023. If the plan gets a green light, Odd-lot Holders can decide to sell their shares at the offered price or keep them. 5. The tax story They considered the Odd-lot Offer isn't a dividend but more like a return of capital. This decision has some tax implications, so they suggest you chat with your tax expert for the details. City Lodge wants to simplify its shareholder list, and if you're an Odd-lot Holder, you have a choice to make – take the deal or keep riding the City Lodge wave.
JSE:CLHLong
by Timonrosso
Sun International ready to fly to R47.31Similar to the previous analysis with City Lodge I just did, Hospitality, Hotels and entertainment sectors are showing strong upside to come. Whether it's because of the strong earnings, pause of interest rates, more foreign investments with the weakening dollar - Who knows. But the charts, are showing upside to come. We have the Cup and Handle formation, a small one, but solid nevertherless. The price has broken above the brim level, but it's not convincing enough yet. We need one more stronger push to really get this going. Other upside indicators show . 7>21>200 RSI>50 My first target will be at R47.31
JSE:SUILong
by Timonrosso
UPDATE: City Lodge chose a direction and it's a skyscraper!The last update with City Lodge was the market was moving in a very large Symmetrical Triangle. It was luck of the dice whether the makret was going to break up or down. But there were certain signs showing an uptrend was more evident. The support level was making higher lows. The price did not crash down when it went below 200MA> And now with the 7>21 and with the Price above the 200MA, it's looking good. We could easily see the price move from R4.77 to R5.44.
JSE:CLHLong
by Timonrosso
City Lodge Symmetrical Triangle getting closer to the breakoutWhich way? Symmetrical Triangles are generally known as Continuation patterns. This means, when the price breaks out it normally moves in the trend of the prior direction... However, the trend has been sideways before this. It's been in the Twilight Zone for over a year. And it gets worse. When the price oscillates up and down in between the 200MA - You know it's in complete indecision. Many lessons to learn from this chart and this market. Many technical analysis tips you can add to your acumen and arsenal. And as City Lodge is in the Hospitality sector, things haven't gone up since Covid... The prices have become more expensive. The seasonal pricing are vastly different and most people just don't have the money like they used to. It's what I call the slight depression. The rich are getting ridiculously richer and the poor are struggling to even afford Lotto tickets. And this will get worse and worse. It's time to think above and beyond the system and mentality of the sheeple. And break away. So there is not much we can do with CLH other than wait for a break up. But if it breaks down, we can only watch it fall further. My two targets are in place and my humility is intact because I have NO idea which direction it wants to break.
JSE:CLH
by Timonrosso