SKC - Sky City

[gbogo]

Just to be clear--The initial $240 bill had the same food and quantity you ordered? -if yes then it could be a totaling mistake by the machine and is not human error...

Skycity uses or used to (not sure now)one of the top of the line billing systems which is used in restaurants and hotels all over the world(micros-fidelio)...My wildest guess would be a programming error..I doubt Skycity would do it deliberately.

The initial bill had eg 10 line items of $18 each = $180, but a “Total” of $240. I wish I had taken a pic before they whisked it away.

[NZSilver]

Buy today and take the div. Strong cashflows will see this business through the corona downturn.

[hogie]

SCAM or ERROR?

People, this is not quite the usual forum for such a post but I would like some local educated opinion on my recent experience.. dined at one of Sky City’s flagship restaurants on Sunday night. $240 bill seemed a bit steep given what we had ordered. Checked the math, as is my habit - and it only added up to $180..

Expressed my puzzlement to front of house staff who (too) quickly apologised and said it was the waiter’s error and that he had put “meal 2” (??) in by mistake. I said “ok but it looks like your machine doesn’t add up the amounts correctly... that must be programmed in deliberately...??” and so they quickly took some wine off the bill as well..

To be clear, this wasn’t adding in an extra bottle of wine. It was purposeful mis-adding. So, wise and savvy investor peoples, has anything like this happened to you? Is it a scam? A way to boost profits?? Or is the error explicable?

answers please...

Likely human error of some sort .. definitely not a scam ... SkyCity doesn't care about your extra $60 when they make thousands of dollars per minute in the casino

[see weed]

Buy today and take the div. Strong cashflows will see this business through the corona downturn.

Yes, did that this afternoon on close at $3.49c just for the dividend. This is the start of the dividend stripping month for me. I expect the sp will drop a bit tomorrow, by how much I don't know, but am not to concerned.

[MauroNZ]

Yes, did that this afternoon on close at $3.49c just for the dividend. This is the start of the dividend stripping month for me. I expect the sp will drop a bit tomorrow, by how much I don't know, but am not to concerned.

And you are very right mate, shame I didn't read this on time. BTW what made you think this? some TA indicators? Thanks in advanced.

[Biscuit]

First bought SKC for 3.25 in 2009. Now it is nearly back there. Starting to look a little tempting. Company never seems to achieve very much, but they should be recession-proof if that is where we are heading.

[RGR367]

And you are very right mate, shame I didn't read this on time. BTW what made you think this? some TA indicators? Thanks in advanced.

If you've been a follower or better still a long time holder of this stock, it normally goes down by the dividend amount on the day after it goes ex-div date. Which is a normal thing for a stock to do and the timing you need if you need to accumulate at a lower price. But SKC is no longer a growth stock so it acts as just boring dividend paying company now. Its going down terribly today could be just the realization that it may not hover back to its safe price range of 390-410 of old. And Sars Cov 2 scare effect is affecting it too.

[MauroNZ]

If you've been a follower or better still a long time holder of this stock, it normally goes down by the dividend amount on the day after it goes ex-div date. Which is a normal thing for a stock to do and the timing you need if you need to accumulate at a lower price. But SKC is no longer a growth stock so it acts as just boring dividend paying company now. Its going down terribly today could be just the realization that it may not hover back to its safe price range of 390-410 of old. And Sars Cov 2 scare effect is affecting it too.

Thank you, I have been a holder for over 6 years and joined 2 years ago to the DRP. The idea was originally to hold a monopoly long term, after Nigel left I started to consider selling but then I thought better to wait and see how the conventions centre goes.

You are right about the ex-div date I just forgot the date. Now is at a price that I haven't seen before.

[Marilyn Munroe]

The initial bill had eg 10 line items of $18 each = $180, but a “Total” of $240. I wish I had taken a pic before they whisked it away.

Was the bill printed on a roll printer. Did you watch it being printed or was it brought to the table. Was there page header stuff printed on the top of the bill you were presented with?

An old fiddle is to enter an item you have not ordered at the top of the bill and then trim the bill below that item. Most people will check to see if there is a stray item but won't add the items to check the total. Any time this is detected they will offer profuse apologies and correction but that doesn't happen often.

Time for SKC security to do some investigating to reassure themselves all is well.

Boop boop de do
Marilyn

[bull....]

some countries are making casinos close , a risk to be aware off.