a few free shuttle buses from the suburbs should help get the punters in the door....:-)
What i found most disappointing recently was the following in relation to the sale of the cinemas.
""but ultimately failed to be concluded with the party unable to achieve a
satisfactory financing arrangement""
So your telling me that after all this time and effort the board was dealing with a flea with no dough???
Do they not do a bit of diligence on the buyer or what?
Don't tell me the proposed buyer was that "holy glory investments ltd""(or whatever)...the fella operating out of his basement in blockhouse bay who tried to take over RBD a few years back....??
shaking head unknowingly
Moi.
Having to cut staffing/overheads and selling the Crowne Plaza are enough for me to know that all's not well.
I thought it was pretty obvious I've been advocating shorting SKC. since about $5 actually. perhaps i need to be even more obvious.
You and me both bro. How can someone not make money from a gambling company with a monopoly? SKC goes from one bad management to another. What a dog.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
You and me both bro. How can someone not make money from a gambling company with a monopoly? SKC goes from one bad management to another. What a dog.
Makes it a prime takeover target for someone with a few clues then.
Maybe they are just sitting and waiting patiently for it to drop further and get a real bargain.
Makes it a prime takeover target for someone with a few clues then.
Maybe they are just sitting and waiting patiently for it to drop further and get a real bargain.
Na mate. Private equities have run out of money. The buyers have all looked at it and only one was interested. Even the interested party pulled out in the end. Maybe it will be a T/O target again in the future, but not at this stage.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
Na mate. Private equities have run out of money. The buyers have all looked at it and only one was interested. Even the interested party pulled out in the end. Maybe it will be a T/O target again in the future, but not at this stage.
Dosn't need to be private equities. What about a corporate raiders of old? The GPG's of this world??. Didn't they have a stack of cash from earlier capital raisings? Admittedly they have spent some on Tower and no doubt poured some into Coates. If I remember correctly Brierleys were involved with this at the beginning before selling out. Maybe there is some value to someone with the cashflows a casino business generates. But like you I agree it is more likely a future option once the management get it heading in the right direction
if it gets to 2.75 and our dollar drops after fridays numbers...yes this and fph and fpa could all be targets.....still plenty of money around ..it comes down to "I will only buy if its a steel"....like the housing market...and every other market ..then one day someone will blow the whistle and we will all be of to the races again...its just... who will blow the whistle.
If companies were willing to do the numbers on SKC at mid $4. Even though they decided against it, they must have really found something they didn't like to not reconsider at low $3
Originally Posted by moimoi
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