SKC - Sky City

[Biscuit]

SIN CITY looking a buy here and maybe with the big sick even better prices....

But if the country is triple boosted this might be it... slow accumulate more.

could be a bargain shortly AGAIN!!!

4 years time a cash machine...SIN CITY!!!

Aucklands got nothing on those 1920's roaring party cities...

https://www.youtube.com/watch?v=7heXZPl2hik

I picked up a few more, but I wonder if it hasn't got further to fall as the game with omicron has a long way to play out IMO.

[Sideshow Bob]

INTERIM RESULT FOR THE SIX MONTHS ENDED 31 DECEMBER 2021 - NZX, New Zealand’s Exchange

SkyCity Entertainment Group Limited 2022 Interim Result
Summary of six months to 31/12/21

Reported: Net Profit After Tax: -$33.7m (-$111.6m) -143.3%
Normalised: Net Profit After Tax: -$19.5m (-$62.7m) -145.3%

Name of Listed Issuer: SkyCity Entertainment Group Limited
CONSOLIDATED OPERATING STATEMENT
Current Interim Period NZ$: Up/Down %: Previous Corresponding Period NZ$

REPORTED REVENUE (excl GST) FROM CONTINUING OPERATIONS
$289.8m: down 35.6%: $449.9m

TOTAL REPORTED REVENUE (excl GST)
$289.8m: down 35.6%: $449.9m

REPORTED NET PROFIT FROM CONTINUING OPERATIONS
-$33.7m: down 143.3%: $77.9m

TOTAL REPORTED NET PROFIT
-$33.7m: down 143.3%: $77.9m

EARNINGS PER SHARE (REPORTED)
-4.5cps: down from 10.3cps

NORMALISED REVENUE (incl GST)
$260.8m: down 32.6%: $386.9m

NORMALISED NET PROFIT
-$19.5m: down 145.3%: $43.2m

EARNINGS PER SHARE (NORMALISED)
-2.6cps: down from 5.7cps

INTERIM DISTRIBUTION
There will be no interim FY22 dividend paid

[Waltzing]

as expected.

[winner69]

as expected.

A casino losing money - that's funny

[alokdhir]

A casino losing money - that's funny

Casino needs people to make money ...they didn't have but now onwards they will always have ...so they will make big money ahead ...reason why its brokers pick

[Waltzing]

It was all forecast back here...

love it when companies lose money for a while...opportunities.. but it throws the stats off and that poses a math problem with event smoothing... sometimes you have to get the Quants in..

Lockdown hit: SkyCity Entertainment Group profits forecast to sink into loss - NZ Herald

some buying oppo's coming up...

[winner69]

Good that the dens of iniquity can now operate with hardly any restrictions

Shareholders should be happy

Talking of gambling might see a $4 share price soon

http://nzx-prod-s7fsd7f98s.s3-websit...586/368793.pdf

nothing like taking the weekly benefit money down to the casino and hoping you can win enough to overcome the cost of living crisis

[Waltzing]

SIN CITY is still operating without the international business gambler from China unless they flee MOA's china.

3 dollars is still good value .

suppose the Racing public will gamble it up though.

Vegas is packed apparently according to CNBC. Winners fav channel to not whatch.

No actual numbers given.

"The Group has remained EBITDA and cashflow positive over the period, even
during periods of peak disruption in February and early March 2022."

[Waltzing]

Winner() this is probably the most undervalued stock on the exchange.

Its a Bargain!!!

[Rawz]

Winner() this is probably the most undervalued stock on the exchange.

Its a Bargain!!!

The trend doesnt look too good thou. Might just wait to see a bottom formed here.