Thanks Beagle, the expansion costs have certainly rocketed without any satisfactory explanation. I'll report back with any answers I can get. It looks like lunch is off, but there may be a few after match drinks (if only tea).
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Thanks Beagle, the expansion costs have certainly rocketed without any satisfactory explanation. I'll report back with any answers I can get. It looks like lunch is off, but there may be a few after match drinks (if only tea).
Nearly 45,000 Skyline shares traded so far today, nearly 40,000 of which have gone through at $16.80. These volumes are pretty high compared with normal trading, as the stock is historically tightly held.
Someone(s) with deep pockets has spent $573,500 betting that there is a bit of upside from here!
Maybe the lack of a AGM eat and drink up this year is bringing some shareholder loyalty into question and shaking a few sellers loose.
Has so far,but with no announcements due until next March it may drift a bit.
I have been pleasantly surprised that all my Unlisted shares have held up well. ie PAZ,SFF,and SYF .
Over the past year PAZ has bolted from 20 cents to 53 cents.Did hit 60 cents for a time.Yet I feel next year we will see the real fun.lol.
Yes I have settled in very comfortably for the long haul with PAZ. There is the possibility of upgraded guidance but I am content to go to sleep on that one for a while.
Rome wasn't built in a day but one thing I know for sure is that companies growing their eps at around 100% year on year normally attract a much higher forward PE than 23.
There was no in person AGM so question time was somewhat restricted.
They are budgeting for two years to return to normal.
The reasons that they gave for the gondola project blowout were increased seismic requirements and the requirement for a car-park. The car-park alone is budgeted at $50 million.
There was no comment on the accounting question Beagle mentioned.
LUGE
Busan is all go, Interestingly they had to completely build the hill that they are putting the luge on. They are confident it will be a good investment, it is expected to be in operation June 2021.
Korea is going well, but there are copycat operations. They opened some new tracks in July.
Canada and Rotorua are going ok, Queenstown down abit.
KL and Sheffield luges are on hold, but they have high expectations.
They are supporting their tenants in their commercial properties.
Christchurch casino is doing ok, they have scaled back hours.
The directors took a 20% pay cut for a few months, but are back to normal in October.
https://www.usx.co.nz/uploads/paperc...pdf?1604892701
Better than expected, EBIT positive but down 70%. Still not for me....
Still working on their upgrade in Queenie.
Gondola upgrade groundwork progressing | Otago Daily Times Online News (odt.co.nz)
A generally positive shareholder update issued by Skyline earlier this week:
https://www.usx.co.nz/uploads/paperc...pdf?1617059214
*. FY21 trading better than forecast (without shareholders ever knowing what the forecast was, so taken with a grain of salt);
*. Deal with DFS for leasing space in the redeveloped O’Connells Pavilion (the timing of the development has been great in terms of opportunity cost);
*. Queenstown gondola redevelopment about to go to tender;
*. Accomodation and Queenstown operations and commercial properties been a bit slow;
*. Christchurch Casino trading OK;
*. New luge development signed up for Kuala Lumpa; and
*. Sheffield and Swansea luge projects about to be revisited
Tuesday’s announcement of a trans Tasman travel bubble start date (assuming it comes soon) will be positive for Queenstown operations