Forum Archive Index - August 2001

["i_claudius" <i_claudius@xtra.co.nz>]

I'm satisfied but not delighted by today's result announcement.
It seems to me SKC is a very good casino operator cranking good money out of
Auckland with bumper profits to come out of Adelaide in the next
period.Queenstown a bit disappointing but it's minor and SKC will get it
right.Surely Queenstown can only support one casino and the survivor will be
the one with the deepest pockets.
I'm not quite so happy about SKC's non casino activities.Force and Canbet
aren't sharekillers but they don't appear to have been skillful
investments.Quite right to look for growth through diversity but it's a
different game to managing a casino.For me the board's crediblity in non
core acquisitions is a little questionable at this stage.
The other coldspot for me was no mention of the rumoured 3 for 1 share
split.I think SKC would benefit hugely from the increased liquidity.
But putting all this in context,it's a solid result.And the next interim
will be even better.
Discl:long & wealthy


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