Looks like a reporting error to me Blackcross. SKC is in the top ten by market capitalization in the NZX. It is definitely not small cap. I think they must be referring to some other MCSI index that is not solely NZ based.
SNOOPY
Printable View
I agree with that Surfersteve. I would have said that SKC has a 'wide moat' protecting its business rather than saying it was 'asset rich' to make the same point.
If however Labour /Greens reneged on the convention centre more pokie agreement and let Sky City's casino licence expire at the end of the current licence agreement, I reckon the share price would dive though.
SNOOPY
Some more index rebalancing over the rest of the month perhaps?
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SKC
06/12/2013 11:15
GENERAL
REL: 1115 HRS SKYCITY Entertainment Group Limited (NS)
GENERAL: SKC: SKYCITY Entertainment Group Confirmed in ASX 200
Standard & Poors today announced the inclusion of SKYCITY Entertainment Group
Limited in the S&P/ASX 200 index, effective after the close of trading on
December 20, 2013.
The inclusion comes as a result of the December quarterly review. SKYCITY
Entertainment Group Limited will continue to trade under the code SKC.
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To be honest, I thought SKC was in the ASX 200 already. But with index guys buying in this time, it isn't hard to work out which way the share price will go short term.
SNOOPY
I don't trade Surfersteve, but I did put a cheeky bid in the market at $3.50 which will probably expire unfilled. Never mind. I do have a good holding in SKC already with an average acquisition price that has a 2 in front of it. So I can't really complain.
SNOOPY
Profit downgrade
https://www.nzx.com/files/attachments/187076.pdf
Some of you guys did sort of suggest that things not that bright
Almost becoming like the thl of old ......always something going wrong that holds them back
No damage today ....still above where it was last week
Punters see it business as usual ......little earnings growth but a solid dividend
What will happen when punters can get 8% to 9% from the bank