Forum Archive Index - February 2000

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[sharechat] Sky City Instalment Receipt (SKCCA)

From:	"Rini H" <the4rs@ihug.co.nz>
Date:	Wed, 2 Feb 2000 23:21:16 +1300

I didn't attend McEwen's live sharechat.

Pity no one ask question about Sky City Instalment Receipts.

Sky City will soon expand to Queenstown, and partially owned the casino at Hamilton.

Sky City share price $6.55 - EPS 46.8 - NTA $1.55 - PE Ratio 14.2 - Gross div 9.6%

I can't understand why Sky City I/R price tumble down from $4 issue price (March 1999) to $3.00 today??

Any thought ???????

Rini

Disclosure:

I am a long term investor in SKCCA, my investment valuation is now down 25%!!!

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