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[sharechat] SKC

From:	"Steven Link" <seechoke@hotmail.com>
Date:	Wed, 22 Aug 2001 06:30:32 +0000

Oops ... sent it b4 I finished the message.

Check out SKC's track record outside of the Auckland Casino :

Force       Disaster   (and the exposure continues to grow - from an initail 
$20m to $25m to $55m? - good $ after bad to save the directors' faces)

Canbet      Disaster   (and the exposure will continue to grow as well 
courtesy of scheduled payments to go)

Queenstown Casino   Performing well below expectations

Adelaide Casino     Earnings half that of the last financial period (sure - 
promises of better to come in future years but ... anybody ever wondered why 
the Australians happily let SKC outbid them?)

All a case of a great asset (Auckland Casino - monopoly, licence bought free 
from the govt) providing cash flow for the Brierley-led clowns to slowly 
blow away ...

Watch this space - more bad news to come ....

Disc.  Had SKC - sold out recently at around $11.70 when my broker rang me 
up re Force.



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