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Re: Re: [sharechat] SKC

From: "G Stolwyk" <>
Date: Mon, 27 Jan 2003 19:05:06 +1300

And this one was written about an hour ago:
But sometimes the lag is too great. As you know if SKC say earns 20% next year and there are large positive events happening in Dec., then the market will take notice. Markets tend to work about 6 months ahead in a normal situation.

By the way, if it earns $105 mill. this year (last year $85.1 mill.), then the earning rate will be an excellent 23.3%. The prospective numbers based on a $9 share price are: Shares: 212 mill. Profit is say $105 mill. E/S=49.5 cents. Div: 44 cents and imputed yield: 7.4%. P/E: 18.2

Still very nice numbers and a good imp. yield. All we need now is for interest rates to come down-and there is a good chance- and the numbers would look better still!

I would think there is a very heavy demand from "LONGS", investors who want to keep the SKC shares for at least another 2 to 3 years. That will enable them to partake in the massive development phase now in progress.

So, there could be a scramble to get in "at the bottom" before we get to that price of $... at the opening of the new Convention Centre in Dec.
But we still have some legislation to meet however. There will be + and -, I would think".

At this rate, forget about the share buyback. Another positive coming up!

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