Tuesday, January 5, 2016

Sky City: Time to Show Your Hand - and Our Money.

Image result for sky city hotel

Nigel Morrison must be in two minds at the moment.

On the one hand we are doing well, on the other he is about to change the look of the company forever.

What is he doing with our money?

I say our money because it is our money.

Shareholders.

Their hand has been pretty much shown in the fact that 1 billion plus has been laid out and the first of the returns from it are about to come in this reporting period of Feb 11 2016.

I was reading the 3 quarters year about revenue and profit in October 2015 (cant remember where but I read it) and I read that Nigel Morrison was "extremely satisfied" with results. That's accountant speak for seriously happy - so were in for a good result.

What well look for is some serious revenue increases in Adelaide, Auckland, Hamilton, Queenstown and perhaps Darwin.

The accompanied figures will be the profits. They must show an increase and a propensity to increase as money is spent (the part I mentioned above - 1 billion).

They should continue to increase from here (with a few ups and downs).

I'm not sure were the additional tables games and slots come into play - they could be there already - so we could just start in the new year.  



Sky City Convention Centre @ Share Investor

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SKC Convention Centre power-point slide illustrations & SKC submission to Auckland City Council

Sky City Entertainment Group @ Share Investor


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Download SKC Company Reports






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