SKC on fire....Out from it's lows...I suppose the market liked the way Skycity got its profit pretty close YOY despite a sizable drop from its International business of high rollers...Adelaide and Darwin are still a worry
Good they changed their payout policy, in the years ahead P+L is not going to be similar to cash flow due to the huge capitalised interest. Will also need to adjust my forecasted P/E ratio calculations accordingly.
AKL still the jewel and associated concentration risk will need to be included in a price valuation. Also I note some hints around CNY performing well for the 3 months to March 17 which could have influenced the price as well today.
Bookmarks