-
13-03-2021, 10:21 AM
#1061
big move of 2.90 to 3.30 , well the market is buying now for 2023 and beyond. Glad we got some more at 2.94 last week. This stock is always a bit of a coin toss. But a lot of people will want to party soon. Its anyone's guess where this stock goes for the next 12 months.
But we are looking to increase over seas travel stocks that are now firm in profit for us and we dont have enough of them.
Last edited by Waltzing; 13-03-2021 at 10:23 AM.
-
16-03-2021, 12:27 PM
#1062
The way its going, could well be onto 4 handle very shortly.
-
16-03-2021, 02:00 PM
#1063
-
16-03-2021, 02:22 PM
#1064
Member
Nearing pre covid levels, where the stock had been for years. The upside is surely fairly limited from here? Or does SKC now have a growth runway?
-
16-03-2021, 02:56 PM
#1065
Worst affected negatively due to COVID are travel, tourism, hotel and entertainment sectors. Obviously they're bound to be big beneficiaries when things looking to return to normal in the medium term.
My pick is its got few legs past $4 mark this time around, like most recovery stocks have zoomed past pre-covid levels.
-
16-03-2021, 03:05 PM
#1066
Originally Posted by daveypnz
Nearing pre covid levels, where the stock had been for years. The upside is surely fairly limited from here? Or does SKC now have a growth runway?
Looks like 4.00 about the max, unless you can make a case that they used covid to trim all the fat, and accelerated their online activities. If so they could emerge leaner and meaner.
On the other hand it maybe getting ahead of itself
-
16-03-2021, 03:30 PM
#1067
Originally Posted by ratkin
Looks like 4.00 about the max, unless you can make a case that they used covid to trim all the fat, and accelerated their online activities. If so they could emerge leaner and meaner.
On the other hand it maybe getting ahead of itself
Precisely what SKC & many companies were doing - trimming that fat (as in highly paid staff who could be replaced with cheaper staff), renegotiating supply contracts and streamlining operations.
Meanwhile, the substantial capital spend on ICC and Adelaide lays the platform for the next phase of earnings growth for the company.
-
16-03-2021, 03:46 PM
#1068
Been to Orbit 360 for anniversary night dining with Mrs last week under level 2, super impressed with their protocols and new attractions they've in place like All Black Exp etc.
Not a gambling person, so didn't check out Casino, but from up above looks like ICC coming along nicely.
-
16-03-2021, 08:01 PM
#1069
Rob Campbell on the ethics of chairing SKC
Originally Posted by Waltzingironmansinlgescul
big move of 2.90 to 3.30 , well the market is buying now for 2023 and beyond. Glad we got some more at 2.94 last week. This stock is always a bit of a coin toss. But a lot of people will want to party soon. Its anyone's guess where this stock goes for the next 12 months.
But we are looking to increase over seas travel stocks that are now firm in profit for us and we don't have enough of them.
Originally Posted by Waltzingironmansinlgescul
we picked up SKC... yes i know MR B not a clean stock.
Article on Rob Campbell where he discusses the ethics of managing SKC.
https://businessdesk.co.nz/article/l...rate-socialist
"He’s fully aware about issues plaguing both the corporate world wider society and knows that change is necessary and inevitable."
"The incongruence of chairing a company that profits from gambling, while advocating for social well being is not lost on Campbell, who says “it’s hard to find that balance” at SkyCity. However, he says the company has a constant vigilance about its potential role in causing social harm; reminders about the host responsibility to mitigate problem gambling have been placed throughout the company’s structure; from the board table to the website and every employee’s key cards."
" “How many other businesses have that level of focus on the potential harm that they can cause?” Campbell asks. “How many petrol companies have that level of focus on the climate damage their products are doing, or fast food companies on the health issues they cause?"
" “The answer is, there’s none I’ve ever come across that has anything like the ongoing focus on wider stakeholder issues that SkyCity has.” "
SNOOPY
Last edited by Snoopy; 16-03-2021 at 08:04 PM.
-
17-03-2021, 07:47 AM
#1070
This should move back to pre covid levels, once reopening occurs abd ICC is up and running it will be spitting out a lot of cash, at which point it will be 4.50-5
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks