SKC - Sky City

[Waltzing]

thats always been the case with sky city. It never used to do anything until well into the afternoon with HK coming on line ... silly aussie punters did not read the bottom line.... the profits will stay down for another 6 months at least..

the hamilton sky city champagne bar is shut except for special hired events.. there are no champagne drinker in hamilton , best bar ever built in hamilton and its basically always shut or empty..

used to be a great place to take your german or swedish french visitors... well there are still some nice outdoor country places... hamilton gardens cafe looking a bit sad these days..

[sb9]

Investors Mutual Fund were busy buying y'day....

https://www.nzx.com/announcements/359269

[Waltzing]

Aussi looks to open lower.. the local sharies people probably dont know the price is set from this point on from the overseas exchanges

big dif today between NZ and AUS /250 over and 2.76 here

should have bought there and sold here..

sharies people driving it up here? amazing

[sb9]

Does not seem to have much impact though, currently NZ 2.75..

[Balance]

Does not seem to have much impact though, currently NZ 2.75..

Have a read of the outlook commentary. It becomes clearer then I suspect as to why institutions are buying back in.

[Balance]

Have a read of the outlook commentary. It becomes clearer then I suspect as to why institutions are buying back in.

Powering ahead - looks like market pricing in resumption of dividends next year and SKC's status as a high yielding stock.

[Waltzing]

yes very disappointing it did not sell off... still our other holdings will benefit when div resume..a 2025 story for return to 4.50 prehaps or sooner.

DISC: holding well under that thank goodness... never hold a casino for long... its a trading stock.

[dubya]

I'm not much of a chart follower, and it's probably a pretty simplistic view. but the 5 year chart excluding covid is pretty damn steady. Plus the dividends along the way.

I think it'll get back up there, maybe not super quickly, but I've been wrong many times before.

It's got to be a good yield stock going forward (surely?) and the company finances are in great shape following the capital raise(s) and the insurance payouts coming to some fruition.

Attachment 11923

[Baa_Baa]

That chart says this is not a growth share but a reliable cash engine, Casino's aren't going out of fashion and should return to normal SP in what, a year or so? The yield is on offer now, for those who don't mind the ethical investment thing, or the long burn no growth with reliable returns. Personally I wouldn't buy a sideways forever share, even for the dividend. Not sure about the ethics of investing in peoples frailty either.

[Waltzing]

"no growth" i think with the new developments they have slow growth!

If the get back to 3-50, 4 dollars in 24 months its a range trade.

If you rebought at 2 dollars well done.

Yes it has certain ethic questions but it not weapons development and its similar to horse betting i think.

we only trade this one , when it returns to our cost price..we will be selling as usual. Banks also are trading stock always. air line as well now unfortunately...

in the mean time we will be extending the back office software its a time to develop for the new future.