SKC - Sky City

[BRICKS]

WELL , not the best news as Mark Goulopoulos of Tolhurst [SYD] says SELL as the speculation
of a potential takeover of SKY CITY fades and a disappointing 12 months performance and we are noting daily drops in price and as stated the Oz Price is 5 cents down on NZ so we had better hang fire for the MOMENT..

[Dr_Who]

SKC can go much lower from here. It does tell you how bad the economy is out there when a gambling company with a monopoly barks like a dog.

[bermuda]

SKC can go much lower from here. It does tell you how bad the economy is out there when a gambling company with a monopoly barks like a dog.

I am with you Dr Who.

I know that in recession casinos actually do quite well. But something about Sky City makes me twitch. Mostly because I think the suitors have gone away and the reason they went away was because Sky City are having trouble containing their overheads which of course means lower profits.

I would be careful with this one. Hope I am wrong. Cant talk my Bro into selling. Dont hold.

[Dr_Who]

Bermuda.

I was very excited early this year when I saw SKC sp at its low and was on my watchlist. I was more excited to see it was going to appoint a new CEO and selling the movie theaters.

After I heard that the only strategy the CEO had was to lure high net worth big gamblers from asia, I immediately took SKC off my watchlist. A CEO with little to no strategy and a lack of vision doesnt give me any confidence. I decided this was a sell and not a buy. I was verbally abused on ST when I mention this (refer to other threat). As it shows, I am right and the sp will reflect this in the long run.

Good luck to SKC shareholders. I am sure this pup will be a buy in the future, but not until we have a CEO that has a right mix of strategy to grow SKC.

[redzone]

I have to say, I think this now a dog ,with very active fleas....I sold a few weeks ago but bloodied my nose