Forum Archive Index - September 2001

["Colin Ross" <ceejaynz@xtra.co.nz>]

There was something else I was going to say and I can't for the life of me
remeber what it was, I seem to be having this problem more and more, anyway
it may come to me later, you may just have to wait for it, I hope it will
be worth it

 

 

Join the club !!!!

 

Ceejay

 

(another happy punter)

 

 

----- Original Message -----

From: Philip Robinson <robph639@student.otago.ac.nz>

To: <sharechat@sharechat.co.nz>

Sent: Friday, September 28, 2001 11:46 AM

Subject: [sharechat] Skycity Entertainment Group Limited

> 
> SkyCity,
> 
> Must say 
that this stock is second only in my portfolio to FAP, as far as
> 
performance and me liking it. I really believe that this company has 
much
> potential, notice they gave out a 36cps dividend and THEN the price 
rose
> $1.30, so much for the people who say that the price has to drop by 
36cps.
> 
> If only Brierleys hadn't sold their huge stake they 
might have made a
> profit, but on the other hand, management/board etc 
would be completely
> different in that case and a proper comparison 
cannot be made.
> 
> About the sharespit thing, overseas buyers 
drive the price and they prefer
> more expensive shares, so I would not 
look to expect a share split. I would
> prefer that the company is valued 
on its fundamentals not on whether it
> trades for $3 dollars or $13 
dollars. As far as fundamentals are concerned
> it makes no 
difference.
> 
> I like the company, management, business and growth 
plans of Skycity and
> the recent namechange reflects the broader focus 
that the company has adopted.
> 
> I must note that some have 
commented on this company saying that it does
> not comply with ethical 
investing principles. I note their arguments and
> agree with some of 
them, but I also note that SKC contributes a lot of
> money to communities 
and sponsors many sports teams and community events.
> 
> For those 
of us with a small holding the chance to participate in a
> discounted DRP 
is also welcomed although it must be noted that this dilutes
> the shares 
and increases equity, although this may not be such a bad thing
> for a 
compnay like SKC who are constantly expanding.
> 
> Excellent 
dividend yield, fully franked for those of us earning under the
> 33c in 
the dollar means a small surpirse cheque from the old IRD at year end.
> 
> Although they must be careful about their speed of expansion and they 
they
> don't do a Warehouse and hurt growth, although WHS will obviously 
recover I
> think you know what I mean, kind of like MHI but not that 
slowly.
> 
> There was something else I was going to say and I can't 
for the life of me
> remeber what it was, I seem to be having this problem 
more and more, anyway
> it may come to me later, you may just have to wait 
for it, I hope it will
> be worth it
> 
> Cheers
> 
Phil
> (proud and loyal SKC holder)
> 
> 
> 
> 
> 
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