Forum Archive Index - February 2001

["Philip Robinson" <pcr@ihug.co.nz>]

Sounds excellent, Matthew, you just keep putting those $2 coins into the
machines.........

Phil
(hold SKC)

----- Original Message -----
From: "Matthew Van Veen" <mattvanveen@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, February 08, 2001 10:54 PM
Subject: Re: [sharechat] Sky City


> ... 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.
>


----------------------------------------------------------------------------
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.