Forum Archive Index - August 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

Nick,

 

Re your question: Will SKC test $ 11.50?

 

Yes, it was $ 11.55 today. Will move to $12, given a short period and it would help if a share split were announced.

 

There is an excellent 9.0 % gross dividend yield on the June 30, 2002 result and there is some takeover talk as well!   

 

1.The FOR adventure is not a total write-off! SKC could benefit by showing films in their own theatre and by the supply of staff and food to some of FOR's outlets at a fee.

 

Therefore, although FOR may perhaps show some losses, SKC could do reasonable well. 

 

However, there is an opportunity cost to pay and FOR will make additional demands on management.  

 

Rest assured that SKC will be concerned if any of the FOR's facilities would have a loss for some time. It is not one of SKC's better investments! 

 

2. The proposed new conference centre with gaming facilities to be built on their unused land, together with the development of the Hamilton casino will also make demands on capital.

 

I suggest that the prospective benefit of these two facilities has as yet not been factored into the SKC share price.   

 

Gerry

Holds SKC