Wednesday, December 10, 2008

Long vs Short: Sky City Entertainment

http://chart.bigcharts.com/custom/fairfax-com-nz/chart.asp?rnd=0.3338466193181723&style=2242&symb=SKC&size=1&type=64&time=10yr&freq=1dy&comp=&compidx=NZ50G%7E1392984&ma=&maval=&lf=&lf2=&lf3=&uf=16384&arrowdates=&arrowlegend=&country=NZ&sid=162937


In this second of the Long vs Short series I am once again going to take look at the chart comparisons for a stock from the Share Investor Portfolio and compare the 10 year return (above) to the turmoil of the last year with a 1 year return chart (bottom of post).

In this series I want to show the merits of investing, using charts, for the long-term vs short term gains or losses. I will use the longest available data to me for the long-term view and will compare against the NZX50.

The second stock in the series will be Sky City Entertainment [SKC.NZ] which I have held for 6 years, the longest of any stock of the 17 that I currently own.



My Portfolio

Symbol
Price
Value
Earned
$2.94
$102900
$30800
You own 35000 [SKC.NZ] shares
purchased at $2.06 [$72100] *













As I said above I have held Sky City for 6 years and my current return (see small chart above)* is around 42%. Not good considering it is 6 years but when you look at the current market situation not bad.

If however you had held Sky City for the full ten years(see large chart at top) your return would have been a staggering 350%.

Taking a look at the short term outlook for the last year your loss would have been almost 35%.

As in the first Long vs Short installment the long-term portfolio wins again.



http://chart.bigcharts.com/custom/fairfax-com-nz/chart.asp?rnd=0.3338466193181723&style=2242&symb=SKC&size=1&type=64&time=1yr&freq=1dy&comp=&compidx=NZ50G~1392984&ma=&maval=&lf=&lf2=&lf3=&uf=16384&arrowdates=&arrowlegend=&country=NZ&sid=162937



Long vs Short series


Mainfreight Ltd
The Warehouse Group


Sky City @ Share Investor

2008 Sky City profit analysis
Sky City Entertainment 2008 Full Year profit results , NZX release, 2008 full year presentation, result briefing webcast, financial statements
Sky City 2008 profit preamble
Sky City outlines a clear future plan
As recession bites Sky City bites back
Sky City Assets: Buy, sell and hold
Why did you buy that stock? [Sky City Entertainment]
Sky City Share Volumes set tongues wagging
Sky City half year exceptional on cost cutting
NZX Press release: Sky City profit to HY end Dec 2007
Sky City Cinemas no Blockbuster
Sky City Entertainment share price drop
New Broom set to sweep
Sky City Management: Blind, deaf and numb
Sky City sale could be off
Opposition to takeover
Premium for control
Sky City receives takeover bid
Sky City Casino Full Year Profit to June 30 2007
Setting the record straight
Sky City CEO resigns
Sky City Casino: Under performing
Sky City Casino 2007 HY Profit(analysis)
Sky City Casino 2007 HY Profit

Share Investor Forum-Discuss this topic


Related Links

Sky City Financial Data


Related Amazon reading

Using Technical Analysis: A Step-by-Step Guide to Understanding and Applying Stock Market Charting Techniques, Revised Edition

Using Technical Analysis: A Step-by-Step Guide to Understanding and Applying Stock Market Charting Techniques, Revised Edition by Clifford Pistolese
Buy new: $26.97 / Used from: $1.99
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c Share Investor 2008