To cover losses on ATM shorts? :D
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Three days left to buy for the divie hunters. Sky City Casino is paying 10c:). Ex div= 1/3/18 and p day 16/3/18.
Too many cappuccino's with A2 milk there See Weed!
Looks like not many are keen for the dividend... has been down, down and down after the results...Fletcher's ghost is catching up on this one...I suppose... (a big gap of $300m on NZICC's budget will drive both FBU and SKC all the way to the courts and may be that is also a factor on the downtrend).
hmmm not looking good heading into ex-div, down to mid 3.80s.
I bought some SKC in late 2010 at around $3 and have held till today. A bit over 7yrs later, they haven't really gotten anywhere, currently in the 3.80s.
I've visited most of the casinos. Auckland, the ones in Queenstown, Hamilton and Adelaide. The Auckland one is the busiest of the lot by a fair margin. Other ones are pretty quiet, even in the evening. Impressive casinos, hotels and restaurants, but despite all this talk of growth in every interim and annual report, hardly any actual earnings growth. Still, a decent dividend earner over the years.
I'm holding on for a temporary 2021 America's Cup earnings boost, which might push it up to $5+ and I'll flick em away, unless my patience runs out between now and then.
I wasn't thinking of selling back then. It's about 1% of my portfolio so I'm not too fussed.
Back in 2016, I thought things were looking good when it was over $5. Then there was the whole fiasco where Crown Resort employees were arrested in China, combined with average trading updates, sending SKC shares down to $3.60 in the space of a few months.
7+ years holding this stock, share price and earnings growth average at best.
But I'm willing to hold on till America's Cup 2021 and completion of the National Convention Center, which will bring in the big bucks :t_up: