SKC - Sky City

[hogie]

I think many larger companies will be streamlining. Despite the terrible job loss coming at least Skycity are being upfront and proactively realistic about what their future is looking like albeit grim .

Really sad ... but realistic ... I guess they held onto the staff as long as possible until things became more certain.
Downturn in International Travel/Tourism will hurt big time ... as well as the social distancing rules hitting Casino, Bars, Restaurants, Hotels.

[carrom74]

At the ASX - last hour trading( after NZX closed) saw a spike of almost 8%... interesting day tomorrow

[JohnnyTheHorse]

At the ASX - last hour trading( after NZX closed) saw a spike of almost 8%... interesting day tomorrow

Thanks for highlighting this. Got in first thing for an arb play.

[Balance]

Steady as she goes - one company which may not need to raise capital?

https://www.nzx.com/announcements/354062

SkyCity continues to have a strong liquidity position with around $330 million of cash and undrawn debt facilities currently available as at 31 May 2020. SkyCity does not expect to require any waivers for its 30 June 2020 debt covenants.

[Waltzing]

i hope no cap raise as i forgot to panic and sell... i will trade the relation in another portfolio specially set up for new trades..

[King1212]

Surprisingly great update. Even lockdown....its business managed to be profitable.

Plenty of cash....cost reduction...no need to capital raise.

Should see SKC back to $3.50 next Monday if the government announcement to level 1. Which is really promising...as uncle Peter is screaming loud as...

[Waltzing]

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..

[sb9]

Joined the fun here with very man and his dog pushing the markets higher and higher on back stimulus by various Central banks. Enjoy while its lasts

[Leftfield]

Joined the fun here with very man and his dog pushing the markets higher and higher on back stimulus by various Central banks. Enjoy while its lasts

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

[Waltzing]

Sky city packed to allowed limits last night in hamilton. That notice was marked NOT PRICE SENSITIVE.... please who is hiring these people... This stock is now one of the most tradable on the NZX and also investable in the long run.. BARGIN at who ever was lucky at the bottom..