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Re: [sharechat] Sky City Instalment Receipt (SKCCA)

From:	"Chris" <crodgers@globe.net.nz>
Date:	Wed, 2 Feb 2000 23:50:07 +1300

Hi there.

Im also a holder of SKCCA, for the same reasons you mentioned, having built up a chunk over the last couple of months. Im sitting on a 10% loss, much of which came about after the papers reported a delay in starting development on the Hamilton Casino, which should be started now, but may not start til April, when an appeal against the licence grant is to be heard. Im not worried, though, as I expect the result to be reported in a couple of weeks will be the best yet, due to Apec, America's Cup etc. which should help the share price.

David McEwen rated SKCCA a strong hold in his previous Q & A, citing the 'smart money' present amongst its investors. I doubt he has changed his outlook, since the company hasnt changed much in the meantime.

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