SKC - Sky City

[Ggcc]

https://www.stuff.co.nz/business/111...upset-minister

NZ laws on hold while government fiddles with all kinds of nonsense except progress.

I think people who want to gamble online will find a way. I does not interest me in the slightest, but if it could benefit SKC and the government they should work together to work out a solution. SKC pay their fair share of tax and people always want to have fun (some people more than fun and no matter how much you try to help them they will not change).

[share4eva]

There has been talk for years of a possible takeover bid for Sky City. Anyone see this coming this year, and if so, who is the likely bidder?

Cheers

[Snoopy]

There has been talk for years of a possible takeover bid for Sky City. Anyone see this coming this year, and if so, who is the likely bidder?

Cheers

Bring back founder CEO Evan Davies and roll him out to create some new takeover rumours. IIRC Evan was not shy about Sky City being a takeover target any time the share price looked soft!

SNOOPY

P.S. (To answer the question). Perhaps you should look at the immediate previous CEO Nigel Morrison. IIRC he reckoned that SKC shares could get to ten bucks. Nigel must be salivating now the share price has seemingly retreated below $4 on a permanent basis!

[iceman]

The Herald reporting that SKC has sold its Auckland carparks for a cool $230M. Nice bit of cash for hotel developments.

[winner69]

Bring back founder CEO Evan Davies and roll him out to create some new takeover rumours. IIRC Evan was not shy about Sky City being a takeover target any time the share price looked soft!

SNOOPY

P.S. (To answer the question). Perhaps you should look at the immediate previous CEO Nigel Morrison. IIRC he reckoned that SKC shares could get to ten bucks. Nigel must be salivating now the share price has seemingly retreated below $4 on a permanent basis!

Does SKC have enough ‘strategic’ value for anybody to pay $4 billion for them .....and get $300m of Cash Flow (before capex) a year

[bull....]

re invest the proceeds in queenstown hopefully

[Balance]

Does SKC have enough ‘strategic’ value for anybody to pay $4 billion for them .....and get $300m of Cash Flow (before capex) a year

Why think of takeover to drive up value?

That may give a short term gain but after that, there is no opportunity to participate in what is actually a great monopolistic business.

Think of AIA - best thing that ever happened was Michael Cullen scuttling the Canadian takeover deal - $3.60 looked great at that time and there was much aggro about the government stopping the deal.

I believe SKC under Rob Campbell is doing all the right thing (getting rid of non-strategic assets, dead wood executives, putting funds into core businesses rather than peripheral assets/businesses) and it really is a matter of time when the strategic moves pay huge dividends in the future.

Happy to keep accumulating whenever the sp dips below $3.65 - great dividends and future growth potential.

[Balance]

https://www.nzx.com/announcements/333140

Share buyback kicks in.

34m more to buy.

[bull....]

https://www.nzx.com/announcements/333140

Share buyback kicks in.

34m more to buy.

nice , see in the afr today there was speculation crown resorts was subject takeover by wynn resorts

[Balance]

nice , see in the afr today there was speculation crown resorts was subject takeover by wynn resorts

https://www.smh.com.au/business/comp...09-p51c8q.html

A$10 billion takeover bid under negotiations - sp has soared 22% since market opened.

Guess a few $$$ of the money released will find its way into SKC shares.

Here's hoping that SKC will be like AIA, and not get taken over.

Enjoying the dividends and the steady capital growth from a monopolistic stock.