This is starting to look pretty good price wise. Currently on p/e of 9 or 10, coming out of a huge capex cycle (Horizon Hotel, Conference centre), and having paid some serious wedge to settle fines. These new facilities will all start to print money when they go live, I think the latest on the hotel is August, not sure about ICC. Hopefully the company has taken action to ensure no further breaches of regulations etc.
I would press the buy button, but we are only mid way through the epic series of punishing regulatory actions. Still got Adelaide casino review (is SKC ok to keep holding the license) and the NZ govt (DIA) smack down to come...
So currently $1.50 share price. I am very confident this will work out well in the long term. However I think this goes down further when these next regulatory actions hit. Just a waiting game now... trying not to go too early... Crazy that this could go lower still....