SKC - Sky City

[carrom74]

There was some heavy trading in the last 30 minutes today.Sudden spurt of more than 2 million shares traded. 15 Cents gain(roughly 4%).Surely something is up...or just bargain hunting...

[limmy]

Regained the $4 mark today. Any good reasons ?

[carrom74]

Regained the $4 mark today. Any good reasons ?

I was there last Friday at the Auckland site and all i can say is that every restaurant/bar in Federal Street was pumping money....it was packed and bustling!...Not sure whether that can be a reason??

[limmy]

Lots of tourists too, plus a notable increase in gamblers?

[JeremyALD]

I was keen to buy back at 3.60 but after being at the casino a few times I'd feel to guilty making money out of people spending all their money gambling instead of feeding the kids

[winner69]

Pretty solid result from SKC with 8% increase in earnings

SKC could be a litmus test for how much the anticipated contraction PE could be (if it ever happens)

Currently a forward PE of about 14 (my calcs)

Wonder how low it could contract to? at 10 shareprice less than $3

Market 'corrections' / 'reratings' are brutal ...but fun

But no worries eh ....the turmoil is just big mistake

[Beagle]

Pretty solid result from SKC with 8% increase in earnings

SKC could be a litmus test for how much the anticipated contraction PE could be (if it ever happens)

Currently a forward PE of about 14 (my calcs)

Wonder how low it could contract to? at 10 shareprice less than $3

Market 'corrections' / 'reratings' are brutal ...but fun

But no worries eh ....the turmoil is just big mistake

LOL you're in good form today mate.

[winner69]

LOL you're in good form today mate.

What you reckon about even SKC PE contracting even though most would say at 14 on 8% growth is pretty reasonable

Stocks with good fundamentals can go down in a bear market just as stocks with bad fundamentals go up in the good times

[Beagle]

Almost all boats sink lower on an outgoing tide. That said I think their business model is fairly defensive although this hound is unlikely to partake in any of their buffet's anytime soon due to expansion of the waist line over the holidays Thing is mate you can't look at a one off 8% and say that's pretty good. Their track record in recent years has been anything but stellar and they have issues in Australia.

[flyer]

Anyone know what happened to this this avro, down 4% after 3.00pm? Someone selling to buy ATM?