SKC - Sky City

[Snoopy]

Glad to hear you've done well, Snoopy. My own small holding of SKC has been a bit of a disaster. Being my first stock purchase (before the GFC) I've watched it's value slowly slip away on account of it's small size (making selling a difficult decision given commission's relative size) and my lack of experience.

You didn't take advantage of the 2009 shareholder top up opportunity then, where no matter how many shares you held you sent in some money and they issued you some shares at $2.61? As Charlie Brown would say Arrrrgh!

The SP seems to just be tracking sideways - what's your take on it at present? Worth holding?

I am expecting an earnings boost from the World Cup and the Australian operations to keep getting better. Even tracking sideways, you are getting a gross yield of 6.8%. Compare that with what you get at the bank. Looks like a solid hold from where I sit.

SNOOPY