Forum Archive Index - August 2001

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

> 
> SKC delivered a NPAT: $ 70.1 mill., up 16% from last year.
> 
> A 35 cent fully imputed dividend to be paid on 5 October.
> 
> <snip>
> This  increase is less than the increase in profit and would be as a
> result of high capital expenditure ( Hamilton, Adelaide,
> Queenstown). 
> 
>
...and Force (cash issue coming)!
>
> 
> As to FOR, Stockness refers to an upcoming cash issue of some $ 30
> mill. dollars, to be underwritten by SKC. 
> 
>
SKC seems to be a machine Gerry.   They seem to be able to crank out 
the profits at will!   Now that the 'competition' from "Baycorp 
Advantage" is going offshore, is Sky City NZs best share?

I suppose when a company looks like it can do no wrong, we must be a 
little vigilant.   Was there any specific comment on the Queenstown 
casino?    That is the one town where they have real competition 
(from the Skyline Casino).

The Casino workforce in Auckland looks to be getting a bit militant, 
seeing big profit increases rolling in for the shareholders, yet 
constraned to relatively modest wage increases themselves.   How do 
the working conditions/pay at Sky City Casino compare with other 
hospitality industry jobs in Auckland?  Anyone like to comment?
SNOOPY

Disclosure:  Hold SKC




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