Sharechat Logo

Forum Archive Index - September 2001

Please note usage of the Forum is subject to the Terms & Conditions.

 
Messages by Date [ Next by Date Previous by Date ]
Messages by Thread [ Next by Thread Previous by Thread ]
Post to the Forum [ New message Reply to this message ]
Printable version
 

Re: [sharechat] Skycity Entertainment Group Limited


From: "Colin Ross" <ceejaynz@xtra.co.nz>
Date: Fri, 28 Sep 2001 12:52:52 +1200


There was something else I was going to say and I can't for the life of me
remeber what it was, I seem to be having this problem more and more, anyway
it may come to me later, you may just have to wait for it, I hope it will
be worth it
 
 
Join the club !!!!
 
Ceejay
 
(another happy punter)
 
 
----- Original Message -----
From: Philip Robinson <robph639@student.otago.ac.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, September 28, 2001 11:46 AM
Subject: [sharechat] Skycity Entertainment Group Limited

>
> SkyCity,
>
> Must say that this stock is second only in my portfolio to FAP, as far as
> performance and me liking it. I really believe that this company has much
> potential, notice they gave out a 36cps dividend and THEN the price rose
> $1.30, so much for the people who say that the price has to drop by 36cps.
>
> If only Brierleys hadn't sold their huge stake they might have made a
> profit, but on the other hand, management/board etc would be completely
> different in that case and a proper comparison cannot be made.
>
> About the sharespit thing, overseas buyers drive the price and they prefer
> more expensive shares, so I would not look to expect a share split. I would
> prefer that the company is valued on its fundamentals not on whether it
> trades for $3 dollars or $13 dollars. As far as fundamentals are concerned
> it makes no difference.
>
> I like the company, management, business and growth plans of Skycity and
> the recent namechange reflects the broader focus that the company has adopted.
>
> I must note that some have commented on this company saying that it does
> not comply with ethical investing principles. I note their arguments and
> agree with some of them, but I also note that SKC contributes a lot of
> money to communities and sponsors many sports teams and community events.
>
> For those of us with a small holding the chance to participate in a
> discounted DRP is also welcomed although it must be noted that this dilutes
> the shares and increases equity, although this may not be such a bad thing
> for a compnay like SKC who are constantly expanding.
>
> Excellent dividend yield, fully franked for those of us earning under the
> 33c in the dollar means a small surpirse cheque from the old IRD at year end.
>
> Although they must be careful about their speed of expansion and they they
> don't do a Warehouse and hurt growth, although WHS will obviously recover I
> think you know what I mean, kind of like MHI but not that slowly.
>
> There was something else I was going to say and I can't for the life of me
> remeber what it was, I seem to be having this problem more and more, anyway
> it may come to me later, you may just have to wait for it, I hope it will
> be worth it
>
> Cheers
> Phil
> (proud and loyal SKC holder)
>
>
>
>
> ----------------------------------------------------------------------------
>
> Interested in learning more about the sharemarket and investing?  Check out
> the upcoming ShareChat Investor Education Seminars - please visit
> http://www.sharechat.co.nz/services/seminars/ to find out more.
>
> ----------------------------------------------------------------------------
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/chat/forum/

Replies

References

 
Messages by Date [ Next by Date: [sharechat] TLS Chart Phaedrus
Previous by Date: RE: [sharechat] CEN Chart Ian Rawnsley ]
Messages by Thread [ Next by Thread: Re: [sharechat] Skycity Entertainment Group Limited Phyllis Bergquist
Previous by Thread: [sharechat] Skycity Entertainment Group Limited Philip Robinson ]
Post to the Forum [ New message Reply to this message ]