Monday, August 2, 2010

Chart of the Week: Sky City Entertainment Group Ltd




The rise of the Sky City Entertainment Group Ltd [SKC.NZ] share price over the last month (see 1 month SKC chart above) by just over 5% is a move this stock has always made before its August full year result. On good news insiders have pumped up the share price and the inverse is also the case.

I am a shareholder and was hoping to pick up some more as the stock seemed to lose support and start to test levels of around $2.50 last seen in late 2009 (see two year SKC chart below).




As the SKC price history chart shows (see full share price data below - adjusted for share splits & other relevant data) the current share price is close to that of the share price it traded at in 2002 when profit levels were lower than they are currently and prospects for growth were looking poor and have indeed been flat for the last 6 of 8 years.

My point?

If you are looking at this stock for a short term gain things look promising for a good rise from here (depending on overall market sentiment) and longer term investors should look for possible shareprice weakness after the August 17 release of the 2010 full year result for an opportunity to buy.

The dividend for the fully year will be more than 7.5c per share, more than 10% more than last years result and possibly one impetus for the increase in share price.




Disclosure: I own SKC shares in the Share Investor Portfolio


Sky City @ Share Investor

Sky City Entertainment Group 2010 Full Year Profit Preview
Share Investor discusses Convention Centre proposal with CEO Nigel Morrison
Share Investor Q & A: Sky City CEO, Nigel Morrison
Sky City Entertainment: CEO Nigel Morrison discusses 2010 HY
Sky City Convention Centre Expansion a Money Loser: Part Two
Sky City Convention Centre Expansion a Money loser
Sky City Entertainment Group Ltd: Download full Company analysis
Sky City 2010 full year profit looking good
Long Term View: Sky City Entertainment Group Ltd
Sky City Entertainment: CEO Nigel Morrison discusses 2010 Half Year
Sky City Entertainment Group 2010 Interim Profit Review
Sky City to focus on Gaming
Sky City debts levels now more manageable
Insider Trading on Sky City shares
Sky City Profit Upgrade: Always on the Cards
Sky City's Current Cinema "Boom" a Horror Story in Disguise
Stock of the Week: Sky City Entertainment Group
Are Insiders selling Sky City Stock?
Sky City Entertainment 2009 Interim Result Preamble
2008 Sky City profit analysis
Sky City share offer confusing and unfair for smaller shareholders
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

Discuss SKC @ Share Investor Forum

Download SKC Company Reports


Buy Toughen Up: What I've Learned About Surviving Tough Times

Toughen Up: What I've Learned About Surviving Tough Times

Toughen Up - Fishpond.co.nz


c Share Investor 2010

No comments:

Post a Comment

Comment on Share Investor Stuff

Post a Comment