SKC - Sky City

[NOCASH]

I think you made a good decision Nocash. Refer to SKC chart.even during the tourism booming n dividend paying ....the SP was hoovering around $3.80 to $4.

I am really tempted to buy on too...but considering with bleak forecast tourism sector .....I don't think SKC is a good place to put your money

King, what stock will you put money in at the moment? term deposit is only paying 1.75%...

Z energy will be dying when EV cars takes off..

FBU looks solid back to normality, but unsure...

[King1212]

King, what stock will you put money in at the moment? term deposit is only paying 1.75%...

Z energy will be dying when EV cars takes off..

FBU looks solid back to normality, but unsure...

Me....i am at $5 love you long time....

any stocks that down, buy...up ....sell.

But OCA is long love. Too volatile at the moment to hold any for long

[tango]

Updated guidance from SKC

https://www.nzx.com/announcements/358329

“ SkyCity’s normalised earnings results for FY20 are expected to remain within, and be at the upper end of, the previous guidance ranges.

Reported earnings will be higher than previous guidance as a result of higher estimates for the insurance proceeds for the damage to and reinstatement costs for the New Zealand International Convention Centre and Horizon Hotel arising from the fire. Offsetting this increase in reported earnings, and as previously advised, SkyCity proposes to recognise an impairment of Adelaide Casino’s book value of A$150 million (NZ$161 million).

SkyCity will release its full FY20 financial results on 3 September 2020.

FY20 Results ($m) Previous Guidance
Reported EBITDA 440-480(1)
Reported NPAT 330-360(1)
Normalised EBITDA(3) 185-205
Normalised NPAT(3) 52-67

FY20 Results ($m) Updated Guidance
Reported EBITDA 346-349(2)
Reported NPAT 234-236(2)
Normalised EBITDA(3) 199-202
Normalised NPAT(3) 65-67

(1) Before any potential impairment of Adelaide Casino’s book value.
(2) Includes the proposed impairment of Adelaide Casino’s casino licence value.
(3) For an explanation on SkyCity’s approach to non-GAAP adjustments, refer to SkyCity’s result presentations at https://www.skycityentertainmentgrou...esentations/.”

[peat]

surely you cant give guidance with an estimated insurance claim?? insurers are notorious for whittling away unsettled claims

[Scrunch]

surely you cant give guidance with an estimated insurance claim?? insurers are notorious for whittling away unsettled claims

You could if you had a multi part claim and the insurers had only accepted some parts of the claim then accept another element of the claim.

[dubya]

A good solid rise today, up almost 9%.

Great to see. Hopefully the start of the long haul back towards $4.

http://nzx-prod-s7fsd7f98s.s3-websit...193/330024.pdf

[sb9]

A good solid rise today, up almost 9%.

Great to see. Hopefully the start of the long haul back towards $4.

http://nzx-prod-s7fsd7f98s.s3-websit...193/330024.pdf

Yep, top of leader board so far, market seem to like the result. First target is to break $3 mark in the medium term..

[Norwest]

Good result all things considered.

Interesting to note that SKC temporarily crossed over the 50% fib level in intra-day trading, this is first break in over 2 months, last time this happened it went to $3 pretty quick.

It should be noted that it did close under 50% so it may be a false break out, will be interesting to see what happens tomorrow.

[Scrunch]

Good result all things considered.

Interesting to note that SKC temporarily crossed over the 50% fib level in intra-day trading, this is first break in over 2 months, last time this happened it went to $3 pretty quick.

It should be noted that it did close under 50% so it may be a false break out, will be interesting to see what happens tomorrow.

Particularly after mid-day.

Before the Australian market opened at mid-day, SKC looks to have traded in a tight range around 255-258, up slightly on recent trading and yesterday's close but nothing particularly unusual. Between mid-day and 1pm the price took off and reached 275 before slowly heading down for the rest of the day and getting down to around 263 then closing at 267. Certainly looks like those over the ditch liked the result more than their kiwi counterparts. Where the price goes may depend on which market has more price setting power.

[Balance]

Particularly after mid-day.

Before the Australian market opened at mid-day, SKC looks to have traded in a tight range around 255-258, up slightly on recent trading and yesterday's close but nothing particularly unusual. Between mid-day and 1pm the price took off and reached 275 before slowly heading down for the rest of the day and getting down to around 263 then closing at 267. Certainly looks like those over the ditch liked the result more than their kiwi counterparts. Where the price goes may depend on which market has more price setting power.

NZX is a non-event when it comes to NZ dual listed stocks. ASX now determines where their sp go.

Just have a look at the anaemic turnover on the NZX until the ASX opens at noon (NZ time).