Luxuriated enough to buy my first house with about an 80% deposit.
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think this is a cross purposes discussion though Kiwi. wasn't talking market cap, divie return, shares on issue, trailing or future EPS or overall value. I'm inciting a playful discussion, under an assumption that $1 buys you 1 share in 1 of those companies; based on an assumed parity.... not for example $0.94ARV vs $1.08WHS; but.... exactly 1:1. yes some, have been trading slightly higher or lower, yes some are trading up down or sideways at the moment, but all within a rough range, so $1 for.... 1 share. so which would you 'back' to reach $2 a share first, not which is the cheapest, biggest, best yield etc. seems to have been lost on some folk.... but hey ho. Brierley was one of my first shares too - what a trip down memory lane that is!
Back in March, I posted in this thread that it looked like they were delaying their opening of Horizon Hotel - https://www.sharetrader.co.nz/showth...=1#post1045670
Skycity knew about it then and kept kicking the can down the road, yet they are only telling the market now... remember this is one of three "key drivers" to a profit downgrade so they are telling us.
If this was so material why have they not advised their shareholders earlier? Is it malicious or they are just asleep at the wheel? Either way it is blasphemous to their shareholders intelligence.
I was traveling today so wasn't able to jump on the call - did anyone take any notes? I can't listen to it from their website because Skycity's website links to a image file not the audio file - I guess that's what we get when they hired Andrew McPherson as their "IT guy" - the same person that ruined the stuff website and called it a success.
Yes, I listened to the call,
Just your usual analyst questions, but some of them were critical towards management, which is fair
The die is cast imo.
Sky City unlikely to be a listed NZX stock by year's end.
Amen.
Where did you listen to the call? Can't seem to get the link to work.
Thank you, I'm currently overseas at the moment so can't use that option. I'll have to wait until the site link works for the download audio file or for them to reply my email.
Do you happen to remember if they mentioned anything regarding their creditors asking for them to take this course of action or if they are willingly doing it to remain prudent?
SKC has been in a bad news down cycle since covid. Poor fellas.
Balance sheet too weak to sustain the div. Hmmm.