SKC - Sky City

[kiwico]

GLH........one of my rules - 'no gambling stocks.'
Crazy aye!?

You'd love Simplicity, I think they have the same view with their NZX fund. Me I've SKC plus CWN and SGR on the ASX. I don't partake myself as I can't even win on the slot machines in Las Vegas with the biggest payout percentage in the world...but luckily lots of other people do.

[Scrunch]

GLH........one of my rules - 'no gambling stocks.'
Crazy aye!?

In the current market I hope you have sold any shares in the NZX Ltd. I'm struggling to see the difference between them and the behaviour of the stocks they list and SKC and a casino table at present.

[kiora]

3.50 by next monday? i hope not...... please i havnt even set up my reflation portfolio thinking that the market would be terrified to invest... no so... i now feel by the shear scale of money flowing into the market we are going to have a new bull market and the proces will in 5 years be higher than the last bull market...DISC: own sky city in 2 portfolios and do not want this stock to recover until after the banks recover... This market is not even remotely following the GFC play book due to the fact that investors now realise that QE and the new QE to infinity means neither the banks nor businesses can go bust... in the next Global financial markey melt down the RBNZ will follow the feds lead and buy rated bonds of NZ companies? i hope im still trading to see it..this is not your grand parents depression. Roads packed in the southern districts of waipa.. You would not even know the tourists have gone...Except prehaps farther south in rotorua and tuapo..

& Waitomo?

[kiwico]

& Waitomo?

But that won't matter because hasn't the PM just given them $40m of our money for some reason.

[Waltzing]

Waitomo? Yes im afraid my comment were a little bit paper over the cracks? i mean large ravines in the new zealand business landscape. While the stock market has repriced at a rate im struggling to keep up with there are many main street businesses that wont see this repricing and tourism willl be one of them. But the market is already pricing in 2 years out.

[NOCASH]

Can someone tell me what is going with SKC, share prices has gone up 8.4%! I guess all investor that bought today reckons SKC is under price? I did see Morning Star report has SKC valued at $3.80. I am wondering should I sell now before the dip back to $2.XX?

[Waltzing]

if by some chance it drops to 2x ill buy more.... please...the market is a future pricing machine...

[bull....]

Banks, investors gear up for SkyCity funding plan


The equity deal, should it be finalised, is expected to take the form of a share placement, however sources said the board had yet to decide exactly how much

https://www.afr.com/street-talk/bank...0200611-p551i1

[Waltzing]

they probably got excited when the share price went up... can go down just as fast in the new la la land of QE infinity...2.50? But really in 5 years time its tops at easy 5 dollars?

[Waltzing]

A lot of traffic here in the mid central waikato over the weekend with no small towns having issues with statues being removed. Traffic very heavy in some towns and sky city hamilton busy through out the week. Movie going returned to hamilton at the LIDO with the french film festival attended by small numbers and staff returned looking happy to be back at work. Venues like the lido of course providing some student work.