SKC - Sky City

[King1212]

My gut feeling said....SP will stay at current level or even lower...till at least early next year. As we don't see any international tourism....as Qantas cancelled all international flights till March 2021.

The only revenue stream is from casino depand on locals n online. F n b....just to cover or break even. Hotel... mostly school holidays...events...all companies are cutting Costs.

Recent headline said.... redundant staffs are angry because SKC applied extended wage subsidy.


So yeahh....long journey ahead

[NOCASH]

My gut feeling said....SP will stay at current level or even lower...till at least early next year. As we don't see any international tourism....as Qantas cancelled all international flights till March 2021.

The only revenue stream is from casino depand on locals n online. F n b....just to cover or break even. Hotel... mostly school holidays...events...all companies are cutting Costs.

Recent headline said.... redundant staffs are angry because SKC applied extended wage subsidy.


So yeahh....long journey ahead

Hi King,

What do you think the share price will be in 5 years (2025) time?

[King1212]

Well....if one can storm it up n put it on the drawer then would be fine......

but how how many can do that....looking at your stock under the water....especially the world is uncertain

[Waltzing]

in 2025? im expecting well over 4 dollars. If you look at eh GFC graph SKC i think was one of the slower climbers out of the great recession. Im expecting a very slow climb back. But there were plently of people on the first nights of level one in hamilton enjoying the food and the bar for a night out.

[King1212]

I was in hospitality sector before....let me tell u....the margin of hospitality business is little....u might see busy but making little 2 to 4 percebt of total revenue if u lucky

[Waltzing]

I agree with KING , the climb for skc will be even slower than GFC due to the big spending international party crowd for auckland and tourism is not there for the next 24 months?

[Balance]

My gut feeling said....SP will stay at current level or even lower...till at least early next year. As we don't see any international tourism....as Qantas cancelled all international flights till March 2021.

The only revenue stream is from casino depand on locals n online. F n b....just to cover or break even. Hotel... mostly school holidays...events...all companies are cutting Costs.

Recent headline said.... redundant staffs are angry because SKC applied extended wage subsidy.


So yeahh....long journey ahead

Did not stay down long?

[peat]

looks like it could rise a bit here from that wedge
but the pattern is overbearing on it

Attachment 11784

[NOCASH]

Thanks for the graph, I got out at 2.55 today. Uncertainly times brings uncertain sell, I hope i don't regret it when Xmas comes around.. if the share prices goes over $3.00 before during or before Xmas Silly Season, i will be sad

[King1212]

I think you made a good decision Nocash. Refer to SKC chart.even during the tourism booming n dividend paying ....the SP was hoovering around $3.80 to $4.

I am really tempted to buy on too...but considering with bleak forecast tourism sector .....I don't think SKC is a good place to put your money