SKC - Sky City

[winner69]

Results out - dividend of 10 cents with imputation credits ......yippee

[percy]

Results out - dividend of 10 cents with imputation credits ......yippee

Yippee..?????
The share price is down a dollar from a year ago.?

[winner69]

Yippee..?????
The share price is down a dollar from a year ago.?

Only 78 cents (NZX) including today's 15 cent fall

But somebody will be happy as dividend imputed

[winner69]

Wonder if Metiria has been to Sky City - many of those she's standing up for are regulars I believe

One quick visit to this den of iniquity was enough for me.

[percy]

Only 78 cents (NZX) including today's 15 cent fall

But somebody will be happy as dividend imputed

Yippee indeed.???????????????????

[winner69]

Yippee..?????
The share price is down a dollar from a year ago.?

Share price seems to follow the form of the Warriors and the Blues - proud to be sponsors they say

Good at supporting losers both on and off the field aren't they

[JoeGrogan]

Wonder if Metiria has been to Sky City - many of those she's standing up for are regulars I believe

One quick visit to this den of iniquity was enough for me.

So you can make that claim after only visiting the casino once? seems fair lol

[Snoopy]

Only 78 cents (NZX) including today's 15 cent fall

I made the call that things were looking fully valued a few weeks ago but didn't sell. Foolish? Now we are back under $4-, my $3.50 target price is looking more realistic.

But somebody will be happy as dividend imputed

Yes very happy to see $52.034m in the imputation account at the 30th June balance date. That means Sky City can pay a fully imputed dividend of:

$52.034m /0.28 = $185.836m

$185.836m / 667.377m =27.8cps

So why is the dividend going to be only a measly 10.0cps on 15th September 2017?

Too much? Too little? What a fussy dividend hound I am.

SNOOPY

[percy]

Share price seems to follow the form of the Warriors and the Blues - proud to be sponsors they say

Good at supporting losers both on and off the field aren't they

Luckily I don't share that sort of problem,being a Crusaders fan.

[Beagle]

I made the call that things were looking fully valued a few weeks ago but didn't sell. Foolish? Now we are back under $4-, my $3.50 target price is looking more realistic.



Yes very happy to see $52.034m in the imputation account at the 30th June balance date. That means Sky City can pay a fully imputed dividend of:

$52.034m /0.28 = $185.836m

$185.836m / 667.377m =27.8cps

So why is the dividend going to be only a measly 10.0cps on 15th September 2017?

Too much? Too little? What a fussy dividend hound I am.

SNOOPY

Its not what's in the ICA, (Imputation credit account) that matters its what this sin company can pay out of its slightly reduced EPS winnings.
Disc: This hound finds eating food off the plate of addicted gamblers to be a distasteful experience