Forum Archive Index - January 2003

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

The other channel got SKC truly covered. Here is a post from that site, dated 24 Jan., 8.11 pm.:

 

"Alright guys, there will be some positive/and or negative legislation to come. If SKC can jump that hurdle-and there are $60 mill. available for any share buyback and possible buying by Dr Cullen for the superfund-no guarantee- then the opening ceremony in Dec will be a good one.

In that case I am upgrading but nor quaranteeing this year's profit guidance to $105 mill. and add 20% for the year after.

We could then be looking at a prospective 2004 year's P/E of 18.5 with a share price of $11 in Dec. 2003 and there could be a share split as well at the opening of the Convention Centre in Dec.

An imputed div yield of about 7.3% could be the outcome. Hopefully interest rates will continue to decline.

Now all this is only possible in normal circumstances with no real negatives involved. Please consult your financial advisor before making any decision involving holding, buying or selling SKC or any other shares.

Forget about the buyback, I think".

Gerry
Originally the holder of unlisted SKC shares(1995)