SKC - Sky City

[paul29]

i think sky city is a good buy at the moment

Aspect Huntley has a Recommendation and Valuation Price of $3.40

but an unfavorable economic environment in NZ and Australia will impede earnings growth in the medium term.

[buns]

SKC has been a solid peformer since this post was last visited.

Grown around 10% on some very nice volumes, and on the back of no news (that I'm aware of).. Can charts help us understand if this has peaked or whether it is worth an entry? As most still rate this as undervalued..

[ratkin]

Very solid volume last two trading days. Most encouraging , something has sparked some heavy interest

I dont make decisions based on charts , but if you look at a five year chart for this stock you can see that the stock has for the first time during the entire five year period built a solid base between april and july

All the debt related hammerings / hysteria / fear has dissapeared , helped by the capital raising , as was pointed out in yesterdays sunday star times. Once confidence comes back to world markets you would have to say the price must increase otherwise the stock will sooner or later become a target for takeover

[buns]

Did not expect this - NPAT up on forecast..

The market has reacted to - Up 20 points...

[moimoi]

and therein lies the reason for the past 2 days of increase in volume and price.

[Lego_Man]

Cursing my slowness.

This will make the market take notice - if the global recovery cements we could see some great action.

[ratkin]

Timed that one well, for a change

[JoeBlogs]

Yep, that'll do me for a 1 week trade! Time to take some off the table (so to speak)

[ratkin]

Could be a long uptrend , price has lots of ground to make up , sentiment has now changed for this one

[Lego_Man]

Could be a long uptrend , price has lots of ground to make up , sentiment has now changed for this one

Some comfort - cant always be a bottom picker. This will be on the radar for more folk now and i'll be looking hard to find a good entry point.