Skyline

[Southern Lad]

See attached presentation from the recent Skyline AGM:

https://media.skyline.nz.beingbui.lt...esentation.pdf

Slide 35 suggests that trading for the current year is well ahead of last year.

[Sideshow Bob]

See attached presentation from the recent Skyline AGM:

https://media.skyline.nz.beingbui.lt...esentation.pdf

Slide 35 suggests that trading for the current year is well ahead of last year.

Revenue looks to be almost right on budget.....

Yes, looks like they are up about $20m revenue 5 months into their year.

[Walter]

See attached presentation from the recent Skyline AGM:

https://media.skyline.nz.beingbui.lt...esentation.pdf

Slide 35 suggests that trading for the current year is well ahead of last year.

Did you attend the meeting? Due to issues with traffic, I arrived half an hour late. There were hundreds there, but everybody I spoke to was a plus one or had inherited their shares and was mainly there for the dinner. At the questions they said if they give out too much information their competitors use it. They hinted that was one reason they were not listed on the main board.

[Sideshow Bob]

https://www.therakyatpost.com/news/2...ers-milestone/

Bit old but their operation in Malaysia going well......

[Southern Lad]

Did you attend the meeting? Due to issues with traffic, I arrived half an hour late. There were hundreds there, but everybody I spoke to was a plus one or had inherited their shares and was mainly there for the dinner. At the questions they said if they give out too much information their competitors use it. They hinted that was one reason they were not listed on the main board.

Yes, the Skyline AGM is always well attended, especially given timing, venue and post match hospitality. Your read on the demographics of the shareholder base is pretty accurate. Also the 4,000 share minimum holding puts Skyline out of the reach of many younger shareholders.

The directors were reasonably bullish in their outlook statements, notwithstanding some difficult trading in the Casino sector. As Sideshow Bob notes the new Luge in KL is going well, and South Korea is trading better. The Queenstown redevelopment appears to be progressing OK and will be pretty impressive once finished.

[Walter]

Yes, the Skyline AGM is always well attended, especially given timing, venue and post match hospitality. Your read on the demographics of the shareholder base is pretty accurate. Also the 4,000 share minimum holding puts Skyline out of the reach of many younger shareholders.

The directors were reasonably bullish in their outlook statements, notwithstanding some difficult trading in the Casino sector. As Sideshow Bob notes the new Luge in KL is going well, and South Korea is trading better. The Queenstown redevelopment appears to be progressing OK and will be pretty impressive once finished.

Thanks.
Did they say anything about being prosecuted?
We shared the gondola on the way down with 6 80+ year olds who had inherited their shares. Their Dads were given them in lieu of payment when it was first starting. With the older shareholder base, it will be interesting to see if their estates sell them or they pass them on to the next generation.
Both times I have looked at the carpark they were forced to build there has been less than 20 cars in it. Perhaps in the summer peak it will contribute something towards its cost.
The Welsh gondola is fiercely opposed by many locals - imagine if they were trying to build the Queenstown one now. It will be interesting to see if they get the green light.

[Southern Lad]

Positive half year trading update from Skyline today:

674660539253ad396f077378.pdf

[Southern Lad]

Christchurch Casino’s Ltd in DIA’s firing line with a civil action commenced for AML/CFT breaches:

https://www.stuff.co.nz/nz-news/3605...tchurch-casino

[Walter]

The regulators know a cash cow when they see one. Auckland, Adelaide (and others in Aussie) and now Christchurch.

[Snoopy]

Positive half year trading update from Skyline today:

674660539253ad396f077378.pdf

I was wondering when the 'money laundering disease', or at least the suspicion of it, was going to hit Skyline, after it has been through all of the other 'down under' listed casinos. I see Skyline last traded at $16 per share, with offer bids today at $15.40. I can't remember what those share prices look like relative to the medium term past. It is a real pity that the charting facility seems to have been lost in the more recent USX platform upgrade.

But on the surface a share trading at $16 on a PE of 88.89, based on last years earnings of 18cps doesn't sound cheap......

SNOOPY