A moot point, benjitara. The market will be most interested in the yield at the current SP and, of course, prospects for the future. Commentators will focus on that. Not a great result but clearly the market was expecting something worse.
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A moot point, benjitara. The market will be most interested in the yield at the current SP and, of course, prospects for the future. Commentators will focus on that. Not a great result but clearly the market was expecting something worse.
Yes, well I am aware that the dividend will be paid after that point obviously but for their own "goodwill" businesses should surely be open to portraying the most accurate information. sigh ..
A funny company to assess for mine. A few "moat" aspects to the business but what sort of premium should we put on that. I'd be keen on seeing the sp down towards $3 before my money goes on...
Huge volume still going through - looks like BlackRock is happy to stand there and take whatever the sellers are prepared to sell.
So who has the bigger pocket?
Another big volume day with sp steadily recovering lost ground.
Very clear buyer (s) are very happy to take out all sellers around current levels.
Watch the institutions back off selling as a recovering sp will hurt their performances if they are underweight the stock.
It makes sense to me given they're in the gambling industry - they're going to be prone to statistical variance. Normalizing for win-ratio (expected value) is sensible for mid-long term profit projections.
It would be interesting to see if they exceed their expected win ratio, whether they normalize profit downwards too. If not, then it's definitely convenient and creative accounting.
It's a nonsense, maknz, as far as I am concerned because normalization is to take out one-offs (used to be called abnormals) to show underlying performance.
Presumably the accounting standards these days allow this nonsense but as they say, an accountant will ask you what profits you want to report and adjust accordingly to achieve!
I think you have it wrong Winner.
Rather than implicitly criticising Nigel Morrison, you should be praising the theoretical Nigel Morrison. I am talking about the one that booked the theoretical high roller win rate for Sky City IF those dice had landed according to how statistics said they should have landed. In theory those high roller profits should have been real. And the least you could do is give some theoretical praise for the theoretical Nigel Morrison who did book those statiscally expected 'normalised profit's if the dice had landed the right way, at least in theory.
SNOOPY
As I predicted the share price did bounce on the profit announcement. Ok at $3.62, it is still a few cents below the $3.65 I paid last week. But a few cents is neither here nor there taking the long view. Dividend is steady. The real engine of the company, the Auckland casino, probably going a little better than expected. Good luck to those waiting for a $3 entry price.
SNOOPY