Forum Archive Index - March 2003

["Lazy Haggis" <lazyhaggis@hotmail.com>]

Sky City Entertainment depends heavily on tourism (particularly from Asia) 
for it's current business success and long-term growth opportunities. 
Clearly there is debate and differing opinions regarding the impact and 
outcome of the deadly mystery pneumonia virus, and the invasion of Iraq by 
the USA-Coalition forces, on how these will effect the SKC share price.

The following details "hot off the press today" helps put the effect on 
tourism into perspective for the time being. If you believe this will be 
short-term then do nothing, otherwise you would be best advised to sell some 
(if not all) of your SKC shares.

Personally, I expect SKC shares to tumble below the $5.00 mark within a few 
months.

The Deadly Virus: Airports and airlines around the world have begun barring 
passengers showing flu-like symptoms. The disease has taken a heavy toll on 
tourism in parts of Asia. Four more people died in Asia on Monday bringing 
the death toll worldwide to at least 22, with several thousand showing the 
flu-like symptoms. The virus, spread swiftly around the world by air 
travellers, has infected hundreds in Hong Kong, Vietnam, Singapore, Canada 
and Germany. Suspected cases have been reported in the USA, UK, Australia 
and New Zealand.

The Iraq War: Hopes fade for a very short war. Airline shares on a variety 
of exchanges eased significantly. The American Stock Exchange airline index 
closed down 10 percent on Monday. European airlines shares tumbled on Monday 
after US led forces met heavier resistance in Iraq, sending oil prices 
higher and carriers braced for war-related losses estimated at up to $10 
billion. Tourism worldwide is expected to be greatly affected.

Terrorism is expected to increase more than tenfold particularly against the 
USA, UK, and Australian targets worldwide. This will have a major impact on 
tourism in the months and years to come.

Once again, regarding SKC shares - you have been warned.

Lazy Haggis.

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