SKC - Sky City

[winner69]

Can you please explain IB?

International Business

The high rollers who get the special treatment to lose heaps

Decent chunk of their overall business

[carrom74]

Up 3%..It seems to be an overreaction in terms of last week's fall(China's raids helped the cause).

[stevevai1983]

very very bad month for me.
my 3 large holdings : SKC TIL SUM
TIL: big drop from 4.8 to 3.8
SUM: big drop from peak
SKC: big drop from 4.6 to 3.8

[NZSilver]

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

[carrom74]

Can anyone clarify with this SSH Notice. Thanks

https://www.nzx.com/companies/SKC/announcements/291710

Is Nigel Morrison selling SKC or Buying it?(of late)

[macduffy]

Can anyone clarify with this SSH Notice. Thanks

https://www.nzx.com/companies/SKC/announcements/291710

Is Nigel Morrison selling SKC or Buying it?(of late)

Buying and selling - but the net result is an increase in his direct and indirect holdings.

[macduffy]

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?

[Hectorplains]

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.

[NZSilver]

Hectorplains - could you please flick me a copy. Thanks in advance

[winner69]

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?