Monday, July 27, 2020

Sky City: Covid-19 The Aftermath

The Sky Tower, Auckland - License, download or print for £12.40 ...


I have been a holder of Sky City shares for 20 years. 

In that time I have seen the company expand and grow with profit and revenue steadily increasing but not to the extent it did in the early noughties.

In the same time there were a lot of red hearings in terms of investments; The cinema, Darwin and a whole host of other failed experiments - some of them big some of them not so big.

I believe currently they have the mix about right. With their two sites in Adelaide and Auckland and a commercial - currently - online business.

HOWEVER, they have this #covid19 business to deal with also.

I believe that once again this remains on track and that all business will come back to #precovid19 levels. When is another question. We wont cover that here because there are far too many variables AND it will take a long time. 2 plus years.

In the mean time I believe that management are talking about a "much smaller" localized versions on both sides of the Tasman. That is, largely free from the tourist trade at the beginning. That means down on the tourist sector dollar from their hotels to their hospitality. 

But this means targeting a "new" punter, the local. 

AND that's easy. You just give the local punter enough incentive to get out there and spend. AND they will. Even with the coming recession. 

Their coming announcement out yest for the 2020 profit has been delayed approx 1 month and will be announced at the beginning of Sept. 

In it expect the usual #covid19 response that other companies will announce but in it also will be the nuggets of truth around what direction SKC will take us over the next few years of rebuilding. 

Just as an addendum: I believe you - businesses - have to treat #covid19 as another business. With all its competitive natures currently to the fore. Only then will you begin to spud off new shoots and grow again. 




Sky City Entertainment Group @ Share Investor

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Discuss SKC @ Share Investor Forum









Wednesday, April 15, 2020

Why Hallensteins has the Advantage over Everyone Else





Hallensteins Glassons - HLG.

You know it's a well run company - I'd say the best company of its type anywhere in Australasia.

It does not have any debt and has cash in the bank. Whatever challenge it faced up to in its over 140 years of existence it has overcome that. Covid 19 will be no different.

In the area it operates in one thing is clear. The weaker competition is falling - including the recent influx of overseas brands.

Once a couple of these have got the tail between their legs and scuppered, from this part of the world or entirely - they all hold far too much debt. Hallensteins will be there to mop up the peices AND have far less competition!!

So Hallensteins will be planning right now to change, just how much change is up to conjecture but they will probably change anyway. Their online store is just one feature. The only change down at Hallensteins HQ will the fact that Covid 19 is just another one of those changes of a long list they been through before. 

One thing I constantly am appalled about and that is the comparions made between the economic fallout  from Covid 19 and the Great Depression.  It is by no means as serious as the Great Depression and is not likely to be unless something goes horribly wrong - that whole Great Depression/Recession thing annoys me. We have got a long way to go before we stoop to the depths of depravity those poor souls had to suffer - So Hallensteins passed the Great Depression.

Hallensteins will come out of this - Covid19 - in the same way. The way they have come out of the rest of the calamities than have befallen them. With a new approach to doing business.

For without that new approach combined with the old fashioned attitude towards debt Hallensteins Glassons Group would be yesterdays toast.




Now im no expert at share prices. I just know a great company when i see one. This little puppy plumbed the depths of about $1.80c just a couple of weeks ago. Right now its up on hope - its doubled in price to about $3.60c - hope that things will get started again - soon.

You could buy today or take your chances and buy on the bad news. Because there is more bad news - none moreso than any other stock on the nzx.com - to come with this stock.

DYOR.

  

Hallenstein Glasson @ Share Investor


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Discuss HLG @ Share Investor Group 



Share Investor 2020