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It's called a "Senior Moment" and the more
senior the more moments!!!!!!! Phyllis
----- Original Message -----
Sent: Friday, September 28, 2001 12:52
PM
Subject: Re: [sharechat] Skycity
Entertainment Group Limited
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 -----
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)
>
>
>
>
>
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