Forum Archive Index - February 2001

["Matthew Van Veen" <mattvanveen@hotmail.com>]

... and the fact that I won $62 last Monday from my $2 coin. Last of the big 
spenders and all that - winnings managed to pay for lunch and parking.

>From: "G Stolwyk" <stolwyk@wave.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: "sharechat.co.nz" <sharechat@sharechat.co.nz>
>Subject: Re: [sharechat] Sky City
>Date: Thu, 8 Feb 2001 19:52:36 +1300
>
>
>
>Philip,
>
>SKC < www.skycity.co.nz > is one of my picks in the " Working at the coal 
>face " series.
>
>Reasons for the rise:
>
>1. The stock has been undervalued for years and the market finally realizes 
>its worth. Actually its price should be close to that of Tabcorp- $A10.40!
>
>2. The Hamilton casino can now be built.
>
>3.The court case re Hamilton's license has benefitted SKC: there won't be 
>another casino built in NZ for years to come!
>
>4. Reports indicate that SKC is making good progress with their Adelaide 
>casino: Australians are very keen to work with SKC!
>
>5.It originally had a 6.8% stake in Canbet, an online Australian betting 
>company and increased it to a third last December.
>
>Canbet just reported a large increase in turnover and suggested that it 
>will soon be able to report a profit. Betting on US sports is their 
>mainstay.
>
>6. SKC has a high dividend yield coupled with good growth prospects.
>It also has an excellent Board who's abilities mirror those needed!
>
>7. It is now heavily tipped by brokers: There are not that many desirable 
>investments leftl
>
>8. Tourist numbers have been increasing at a high rate. The lower dollar 
>would also induce locals to spend their holidays in NZ.
>
>Finally, SKC will report on Feb.19; they will have some heavy borrowing due 
>to expansion.
>There will be some money spent in Adelaide but normally their cashflow is 
>very strong!
>
>They now have a high but well planned expenditure on many projects: Spend 
>first, then derive the benefits!
>
>Gerry
>( foundation shareholder )
>

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join now.
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.