Wow, hiyo ni maendeleo!

@Cde and @Nabwire you guys need to differentiate between long term investing and getting married to a stock...@Cde you new the 2010 WC was a once of event so stop complaining...

Frankly, I fell for that line that the WC was a good enough promo for return bizna going forward. I was happy that Afsun spent some money sprucing up the property in Sandton and the other in JNB but it turned out bad and so i'm glad those leases were terminated.

Najaribu kusoma annual report but wapi?? Whats with the really small print. So are you a shareholder or a part owner? What are your numbers? Net profit/loss, EPS, PE, ROI, sioni at all??

A part owner = share-holder. (i'm a long-term investor and not a speculator).

In summary, the group is coming out of losses and will spring back to profitability with the clipping of the SA biznas.

To me, as all my holdings in Zim, Afsun is a recovery/turn-around play i.e from losses to profits so as to "guarantee" me a return.

The hotels portfolio has resort and city hotels and my primary reason for buying into Afsun is for the city hotels as I expect a boom in business-travel into Sub-Saharan Africa (SSA) and Afsun is the best company I have access to right now as it holds licenses to manage/operate Crowne Plaza, Best Western and Holiday Inn brands i.e renowned Intercontinental hotels brands which will attract high-value clients.

The group's focus is to diversify away from Zim which currently contributes the bulk of revenue by focusing expansion into West Africa (Ghana & Nigeria) and in Botswana.