Your "point" was about Sydney. Now it's about Adelaide?
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https://www.nzherald.co.nz/nz/man-cl...EW6OEPXY7IGAA/
Mother hell....bad news after another
https://fortune.com/2023/09/13/mgm-c...ed-ransomware/
Not anything that may affect Skycity right now, but it’s a question of when will it. MGM casino apparently losing up to 30 million a day in lost revenue. SKC is small fry in comparison.
SKC will keep falling until $1.00, theres just too much bad sentiment about it and from a ESG perspective,
Fund managers won't go near it, it's not cool
Would love to here how you came up with that magical figure... why don't you endow the rest of us with your magical analysis of one whole, round NZ dollar price estimate rather than just blatant downramping.
Stop spreading disinformation
International Fund Managers have a massive stake in SKC, e.g. Citicorp, JP Morgan, HSBC, BNP Paribas etc.
NZ Fund Managers do too, e.g. ANZ, Accident Compensation Corporation, Forsyth Barr etc
End of the day, why wouldn't it be worth $1? Why's it worth anything ?
It's a casino without a license !
I think you're in for some more negative shocks my friend
shareman you are once again factually incorrect. Why don't you try adding some actual intellect to the thread rather than lies, lies and more blatant lies?
Here are the five casino licenses that Skycity owns:
1. Auckland Casino - valid until 30th June 2048, with renewal until 2063
2. Hamilton Casino - valid until 18 September 2027, with renewal until 2042
3. Queenstown Casino - valid until 6 December 2025, with renewal until 2040
4. Queenstown Wharf Casino - valid until 11 September 2024, with renewal until 2039
5. Adelaide Casino - valid until 20th June 2085
Read the news, 4 of those casinos are under threat of losing their license,
If anything this is a body blow to the confidence of SKC which is my point,
SKC is trading under book value now. Pretty good value here