I have seen the rich and famous gamble at Monte Carlo.
They will gamble at Queenstown.Great destination sumer or winter.
Macau,LasVegas,Queenstown.
People will go the extra distance for somewhere special such as Queenstown.
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SKC that is.. Not your sightings :-)0
Pretty ho hum announcement really drongo
I always have a laugh at the treatment of the high rollers take ..... like if they win or lose than a specified %age the difference is abnormal ...... maybe it is abnormal ..... like last year these punters lost more than the house thought but this year they made more
Question for you drongo then .... in this context .... what is a normal shareprice for SKC at the moment
before somebody else asks is drongo the new bongo
If so welcome back
Finally !!! AG report tomorrow.
The sell side is looking a bit thin today. I don't recall the last time i saw it so empty.
I guess everyone is holding and waiting for the convention centre deal details.
Mini breakout coming maybe?
I'm not so sure, at a glance the deal looks more expensive and delivers less than what was being anticipated. The cost seems to have increased to $400m+ from $350m and the number of extra pokies has dropped from 300-500 range to 230.
Or am i just pissed that i sold my holding that i had held for 3 years, 2 weeks ago to buy MRP??? :-)
Share market:
I'm surprised the share price is up so much. Surely anyone could see the deal would be approved so that should have been factored into the shareprice. 230 machines is lower than expected so should really decrease the share-price. The 35 licence is a good bonus but again, it would be very bad for a licence not to be renewed so the renewal now just means they dont need to horse trade in the future.
Politics:
Greens are outraged which means... actual it doesn't mean much at all as they are diametrically opposed to anything National did even if it was funding a environmentally friendly tofu factory.
The fact is there is much more control over problem gambling in a casino that a local pub. More can be done which is why new proposals/conditions have been put in place. The casino is so crowded that problem gamblers cant get a seat already so more machines isn't going to do much.
I agree, PE ratio for a very modest growth stock makes this company look fully priced, (mind you its far from the only one on the New Zealand exchange). I'm also surpised there was a bounce...and am sure this will prove to be a catalyst for some holders to take a profit.