Thursday, August 31, 2017

Sky City Entertainment: Starting to Look Cheap




Sky City Entertainment Group Ltd [SKC.NZX]is starting to look cheap again.

You don't have to be Einstein to figure out that there's at least 20% in it.

It recently reported a 2017 full year profit.

Combine this with a probable big pay off in 2019/2020 when all their various developments come on-stream and you have a possibility of making more than that if you hold until then.

Until then you get all sorts of nervous Nellie's getting in and out of this company, when they actually go down and visit - like the rest of Auckland it is a construction zone.

There is crap everywhere.

And like the rest of Auckland it is a mere blip in the road until the building is finished.

Until that time there is going to be disruption - not in the new sense of this word but the old meaning of disruption.

Disruption is only going to be temporary.

Then we can truly see the magnificence of Auckland growing and the casino in Auckland growing as well.

It has been 20 years since the casino opened and more than half a million more Aucklanders living here.

The future looks bright.

Possibly you can buy this company cheaper than it is today but anytime between now and Feb 2018 is a good time to buy.

I can see some of those nervous Nellie's starting to struggle.

Give them a hand, offer them $3.50!!







Sky City Entertainment Group @ Share Investor

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Share Investor 2017