SKC - Sky City

[bunter]

You need to open your mind to the possibilities and not get too hung up on reality with Sky City. SNOOPY

Nicely put.
SKC have had well-below-average 'win rates' for the past two years - maybe longer. SKC normalise their profits to account for their 'bad luck' - i.e. restates them _as if_ they'd had the theoretical win rate.
I wonder if they are being robbed by professional gamblers or cheats.
How many years of low win rates would it take before SKC did something?
Is this company badly managed?

Notably, director Treacy sold 70,000 shares at $3.78 on 1/9/14, and the stock is weak in a rising market.

Might sell mine too - copying the directors' trades is a proven successful strategy.
BTW my dividend-flow valuation (c) is 3.63.

[winner69]

Huge volume still going through - looks like BlackRock is happy to stand there and take whatever the sellers are prepared to sell.

So who has the bigger pocket?

Blackrock been selling, not buying, over the last few months ....interesting

[Snoopy]

Nicely put.
SKC have had well-below-average 'win rates' for the past two years - maybe longer. SKC normalise their profits to account for their 'bad luck' - i.e. restates them _as if_ they'd had the theoretical win rate.
I wonder if they are being robbed by professional gamblers or cheats.
How many years of low win rates would it take before SKC did something?
Is this company badly managed?

The argument is that if enough gamblers gamble long enough, the return will revert to the statistical odds. However, your point is an interesting one Bunter. I must trawl back through the actual results and see how far behind SKC are in their theoretical win rate.

Lots of crowing about how good the 'normalised' performance of the Auckland casino is in the annual report. But if you add on the high roller earnings to the Auckland property (assuming most high roller activity is actually in Auckland) , the real performance is actually negative.

The other point that worries me is that SKC consistently seem to pay less tax than the 28% company tax rate would imply.

Sky City are transforming themselves from an 'income' play to a 'growth' play according to the annual report. So no worries, everything is on track. That is the message from 'our Nigel'.

SNOOPY

[klid]

Well, what's the answer to the question? Is SKC a bargin (sic) at present? $3.50! Hasn't been here since July 2012.

[skid]

I know an experienced TA guy who just sold out --if thats any help

[Beagle]

Doesn't look too bad. I guess the key is whether Blackrock continue selling.
https://nzx.com/companies/SKC/announcements/256534

[winner69]

Doesn't look too bad. I guess the key is whether Blackrock continue selling.
https://nzx.com/companies/SKC/announcements/256534

Good to see the high rollers are being screwed at last --- winning lot less than they can

Crowne et al in Aussie seem to be the targets of these big punters this time around

Hope they stay away for shareholders sake

PS = I take it we don't 'normalise' earnings when wins are ahead of theory

[Beagle]

Good to see the high rollers are being screwed at last --- winning lot less than they can

Crowne et al in Aussie seem to be the targets of these big punters this time around

Hope they stay away for shareholders sake

PS = I take it we don't 'normalise' earnings when wins are ahead of theory

LOL LOL That's Gold

[winner69]

Stupid woman, doesn't she realise that she is just a commodity and a resource that is needed to line the pockets of the rich. She needs to realise that SKC is not some benevolent society.

Fancy bringing her tears to a shareholders meeting, they wouldn't get it either. they only worried about earnings per share and managing resources like people is part of that equation.

Bet you Morrison and his mates just took this as a minor interruption and maybe even joked about over the champagne later on.

But one day they will get their comeuppance. The poor will one day continue their uprising against greedy corporates run by self centred fat cats with obscene pay packets who have no real sense of The real world. Maybe this brave lady might be that trigger

http://www.nzherald.co.nz/business/n...ectid=11344363

[mayday]

Nice bounce today