PICK of the MONTH

City Lodge is down 15% year to date, which means it has severely underperformed a JSE Top 40 ETF that would've delivered more than 36% over that period. That's not a great benchmark, as the Top 40 is severely skewed by gold, platinum group metals and international giants. City Lodge sits firmly in the South Africa Inc bucket where many companies have been struggling this year. But even so, this hotel group is well off the pace.

The shares are trading at 420c as at time of writing. The 52-week low is 353c and the 52-week high is 520c, so that's 16% down to the low and 24% up to the high. This means City Lodge is somewhat in no-man's land at the moment. Recent momentum is encouraging though, with the share price up 5.5% over 30 days.

There are good reasons for this positive momentum. There are also compelling arguments to be made that the 52-week high (and beyond) is a believable outcome here.

Read the full article in the Financial Mail here: https://www.financialmail.businessday.co.za/fm/investors-monthly/2025-10-30-check-in-time-at-city-lodge/