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08-09-2020, 09:05 AM
#991
 Originally Posted by Baa_Baa
That chart says this is not a growth share but a reliable cash engine, Casino's aren't going out of fashion and should return to normal SP in what, a year or so? The yield is on offer now, for those who don't mind the ethical investment thing, or the long burn no growth with reliable returns. Personally I wouldn't buy a sideways forever share, even for the dividend. Not sure about the ethics of investing in peoples frailty either.
Chart reflects long term financials
Revenues flat best over the last year ...even before virus ...and so is eps
So yes, not a growth company
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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08-09-2020, 09:14 AM
#992
Originally Posted by winner69
Chart reflects long term financials
Revenues flat best over the last year ...even before virus ...and so is eps
So yes, not a growth company
It’s a yield play.
Then there’s the long delayed NZCC and Adelaide Casino developments to kick in.
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08-09-2020, 01:16 PM
#993
Member
Originally Posted by Baa_Baa
Personally I wouldn't buy a sideways forever share, even for the dividend. Not sure about the ethics of investing in peoples frailty either.
Fair enough. A lot of punters seem happy to tie money up for 7 years in a low yield, no growth bond (that is not risk free) these days. If I were inspired to put a few k away for 7 years to generate a little revenue I'd prefer something whose yield might at least match inflation (and that is easy to trade). Not sure if SKC is ideal but would prefer it to latest SUM bonds.
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08-09-2020, 04:36 PM
#994
Originally Posted by Waltzingironmansinlgescul
...we only trade this one , when it returns to our cost price..we will be selling as usual.
As a trading strategy that seems ... pointless?
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08-09-2020, 04:44 PM
#995
Originally Posted by Biscuit
As a trading strategy that seems ... pointless?
I'm glad I'm not the only one a bit bemused with that strategy ......probably misunderstanding
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08-09-2020, 05:17 PM
#996
Member
Originally Posted by winner69
I'm glad I'm not the only one a bit bemused with that strategy ......probably misunderstanding
Yeah think he means target price  . I had a bit of a chuckle too.
Up another 4.2 % today tho. Good rises over the last couple of trading days.
Last edited by dubya; 08-09-2020 at 05:19 PM.
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08-09-2020, 07:05 PM
#997
Member
Originally Posted by Norwest
Good result all things considered.
Interesting to note that SKC temporarily crossed over the 50% fib level in intra-day trading, this is first break in over 2 months, last time this happened it went to $3 pretty quick.
It should be noted that it did close under 50% so it may be a false break out, will be interesting to see what happens tomorrow.
Stellar 3 trading days since I posted this, almost at $3 as expected, ending at $2.96 today.
Last edited by Norwest; 08-09-2020 at 07:06 PM.
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08-09-2020, 09:58 PM
#998
nasdaq about to start selling off.. the market will go down on options the DOW and SP will get downward pressure. It should provide some vol in all stock indexs including the NZX..
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10-09-2020, 12:16 PM
#999
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10-09-2020, 10:44 PM
#1000
Stock is pricing next years dividend. If you study this stock over a long period of time and i mean long you will see its one of the most tradeable stocks on the NZX.
last 5 months has been the best trading market in living memory.
The 3 weeks fabulous, yesterday perfect and today well , it just cant get any better than this can it?
Last edited by Waltzing; 11-09-2020 at 08:26 AM.
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