Or you could see the positive - a handy month if you wanted to top up or re-enter positions. I topped up on til last week and got back in sky city today. Note SKC still moving up on ASX so we should see another rise tomorrow
The AFR carried a story last week speculating about a possible merger between SKC and Star Entertainment following the actions in China recently against Crown Casino employees. Reckoned that SKC's Auckland, Adelaide and Darwin casinos would make a nice fit with Star's Sydney, Brisbane and Gold Coast operations. Does anyone have access to that article?
The AFR carried a story last week speculating about a possible merger between SKC and Star Entertainment following the actions in China recently against Crown Casino employees. Reckoned that SKC's Auckland, Adelaide and Darwin casinos would make a nice fit with Star's Sydney, Brisbane and Gold Coast operations. Does anyone have access to that article?
Basically, it's about synergies of $50 million a year from a merger. At 10-times EBITDA, instantly $500 million value for shareholders. I'll message you the full text - I got knuckle wrapped for a previous paywalled site cut and paste.
The AFR carried a story last week speculating about a possible merger between SKC and Star Entertainment following the actions in China recently against Crown Casino employees. Reckoned that SKC's Auckland, Adelaide and Darwin casinos would make a nice fit with Star's Sydney, Brisbane and Gold Coast operations. Does anyone have access to that article?
Same old story that's churned out every time the share prices take a hit ......but one day it just might happen, one never knows
SKC market cap $2.6 billion - for anybody to get your shares say it cost $3.0 billion ....plus $0.4 billion debt ....total cost $3.4 billion .....a lot to get SKC ebitda of just over $0.3 billion
And what about government approvals re licences - that's a political hot potato
Aren't synergies a great thing .....why doesn't everybody merge with everybody else?
”When investors are euphoric, they are incapable of recognising euphoria itself “
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