SKC - Sky City

[skid]

How to perfect the art of lieing---Become a lawyer--politician--or Marketing executive...of course the list goes on....

[skid]

Well said Roger, I wonder how many people have taken their own lives through their involvement with this place and how many families have been ruined? One of the only stocks I will never touch, a place that's made out as fun when in reality as you say is just a den of iniquity.

He says as he looks for the next share to gamble on

[couta1]

"All modern commerce is a swindle" - George Orwell
Most I reckon. Wouldn't be many stocks left to pick if you left out the ones that lie for money.
Accept it and deal with it.

Everyone must stand up for their own intrinsic values, I for one have no desire to have any participation in adding to the misery of a fellow human beings life by promoting a highly addictive environment dressed up as being just harmless fun.

[couta1]

He says as he looks for the next share to gamble on

Even with all my losses both actual and on paper i have a balanced happy life and marriage even though the sharemarket has caused me much grief, but i view it as a challenge to master not a gamble even though it has that element

[Beagle]

Everyone must stand up for their own intrinsic values, I for one have no desire to have any participation in adding to the misery of a fellow human beings life by promoting a highly addictive environment dressed up as being just harmless fun.

Yep that's bang on the money mate. Pretty sure their harm mitigation "policy" is almost completely ineffective. Random audits / sting operations have shown that to be the case.

[Beagle]

Were SKC being arrogant or just trying to interpret the contract or agreement they had entered with the Crown?

sin=religious (or moral) transgression

SKC = gambling = possible addiction
AIR=Pollution possible disease and injury and oil demand which often leads to wars (ie killings)
HNZ= usury, depending on your interpretation & religion

etc.

Disc:Holdings in HNZ, AIR, SKC

SKC's harm minimisation policies are almost completely ineffectual. Just words ?
AIR - You are drawing an incredibly long bow there, (I presume you bike to work ?). For what its worth you'll know they're investing heavily in new fuel efficient aircraft. Other policies, they were the first in the world to pioneer the advanced winglets you see on the domestic A320's which cut fuel consumption by 4%.
HNZ - Usury ?? - Oh Please...lets get real. They're a million miles from being pay-day loan sharks.

[skid]

Even with all my losses both actual and on paper i have a balanced happy life and marriage even though the sharemarket has caused me much grief, but i view it as a challenge to master not a gamble even though it has that element

Despite my dig--I agree on the pokies---I remember coming in to do some painting and seeing those mothers with kids throwing their money away was just SAD

[skid]

SKC's harm minimisation policies are almost completely ineffectual. Just words ?
AIR - You are drawing an incredibly long bow there, (I presume you bike to work ?). For what its worth you'll know they're investing heavily in new fuel efficient aircraft. Other policies, they were the first in the world to pioneer the advanced winglets you see on the domestic A320's which cut fuel consumption by 4%.
HNZ - Usury ?? - Oh Please...lets get real. They're a million miles from being pay-day loan sharks.

And Air have smaller seats to encourage you to lose weight and save the earths food

[Snoopy]

Snoopy, you done heaps of work n Sky City over he years

Been stuff all / no earnings growth for some time now.

Do you ever think they will make more than $130m / $140m again. This year looks like $125m. In other words is current level of profitability, where it has been for a few years now, there lot in life.

All normalised earnings of course.

SKC is a company in transition Winner. Two very big spending projects on the table. Lot's of doubters about the execution. There were some good years when the America's cup was in town. So maybe more regular big events will help things along. Great idea! Why not build an international convention centre? Attract a few more of those big spending international professionals!

Adelaide OTOH has never really fired. But Adelaide was at a competitive disadvantage compared with the gaming laws operated in other Australian states. Great idea! Get the South Australian government to put their gaming laws on the level with other Australian states. Then we can build a new improved casino in partnership with the rest of the state capital spending on the riverbank development. Casino monopolies confirmed in South Australia and Auckland along the way.

I think we will have to wait until the Adelaide and Auckland construction projects are finished before we know if the grand plan will pan out. Looks like the SKC is 'priced to stumble' on the market today. Might look to reduce my holding if all was priced to perfection. Instead I will be looking to up my holding with any general market weakness during the year (did the same last year buying an additional parcel around $3.60) . This is my investment strategy with SKC for FY2015. Hoping for $3.60ish again.

SNOOPY

discl: hold SKC

[Bjauck]

SKC's harm minimisation policies are almost completely ineffectual. Just words ?
AIR - You are drawing an incredibly long bow there, (I presume you bike to work ?). For what its worth you'll know they're investing heavily in new fuel efficient aircraft. Other policies, they were the first in the world to pioneer the advanced winglets you see on the domestic A320's which cut fuel consumption by 4%.
HNZ - Usury ?? - Oh Please...lets get real. They're a million miles from being pay-day loan sharks.

AIR - every flight spews pollution - even the latest engines on the latest planes. I have SKC and AIR shareholdings. I own a car as I recognise that all legal human activity has a cost/benefit.

HNZ - Loan sharks they are not. However they loan money to others for interest -whether it is a "sin" depends on your ethical, religious and moral judgment. For you and me, it is presumably acceptable. Inability of borrowers to meet loan obligations is a great cause of family stress and personal suffering.

For me, rather than my SKC shares, I would be more likely to sell my RBD holding on my (personal) ethical grounds. I think processed foods high in salt, sugar and fat can be addictive and can cause very broad and severe suffering to families when consumed to excess. Processed foods, confectionery and takeaways and those people who supply them should be government controlled and taxed in the same way as the petrochemicals, gambling, alcohol and tobacco industries. Is it ethical to have sugary snacks at child height sometimes near cash registers? In pretty colourful wrappers advertised by celebrities and glamorous people? The display in shops is designed to be appealing so you come back for your next sugar rush or fatty satisfaction and buy the high margin treats that become necessities for some.

Anyway I do not wish to fall out with you and other posters. So I hope we can agree to disagree.