Share Investor: Profit result

Showing posts with label Profit result. Show all posts

Thursday, January 17, 2019

Sky City: Buy

Sky City Entertainment is a strong buy at the moment.

Going down to $3.41c last week, its currently trading at $3.61c today.

It may go below the 52 week low of $3.41c it reached last week but if you want to load up on this stock before it sets records in 2020 you better get in now.

Reporting its profit result on the 14th Feb.

Sky City Entertainment Group @ Share Investor

Sky City: Turmoil in Market Brings Bargains

Friday, August 12, 2011

Mainfreight Ltd: 1st Quarter to June 2011 Profit Review

Mainfreight Ltd [MFT.NZX] 1st quarter results to June 30 2011 have been nothing short of spectacular, even if you strip out the contribution from the Wim Bosman Group

Not only has the recent acquisition of Wim Bosman Group proven to be a winner but the company has also grown organically across most geographical areas of operation.

The company booked a net profit of $14.22 million for the first three months of the 2012 financial year; an increase of 109% on the previous year’s result of $6.82 million (excluding abnormals the increase was 115%). This was on revenue of $449.86 million up 43% from $315.25 million in the comparable quarter last year. Revenue excluding Wim Bosman contributions saw sales improve 5% to $331.04 million.

The fact that the company did so well during a global economic downturn is once again down to good cost controls and great management of the business from the top down to be able to grab the extra business that they have.

Key Points

* Net profit of $14.22 million for the first three months of the 2012 financial year, an increase of 109% on the previous year’s result of $6.82 million (excluding abnormals the increase was 115%)

*Revenue increased by 43% to $449.86 million, from $315.25 million in the comparative period last year. Excluding Wim Bosman contributions, sales improved 5% to $331.04 million.

* With the exception of Asian operations Mainfreight has experienced growth momentum for all their business operations.

* Wim Bosman Group acquisition proven a good fit in the first 3 months of inclusion within the Mainfreight group and management confident of building on the gains made for this quarter compared to the 2010 comparable period.

The company has given a nod to the market that this first quarter result is in line with their expectations and the commentary provided at the MFT AGM in late July.

July and August have continued to trade well and management expect the 2012 financial year to be an improvement on 2011.

You can not get much better than this.

9.8 out of 10

Disc I own MFT shares in the Share Investor Portfolio

Mainfreight @ Share Investor

Read the MFT 2011 FY Profit Presentation

Mainfreight Ltd: Top returns for the last 10 years
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Stock of the Week: Mainfreight Ltd
Mainfreight Ltd: 2011 1st quarter Profit Analysis
VIDEO: Don Braid with Paul Homes on the Economy
Mainfreight Ltd: Full Year 2010 Profit Analysis
Long Term View: Mainfreight Ltd
Share Investor Interview: Mainfreight's MD Don Braid
Stock of the Week: Mainfreight Ltd
Questions to Mainfreight's MD Don Braid
I'm Buying: Mainfreight Management delivers the goods
Mainfreight Annual Report Packs a Punch
Analysis - Mainfreight Ltd: FY Profit to 31/03/09
Mainfreight VS KiwiRail: The Sequel
Long VS Short: Mainfreight Ltd
Why did you buy that stock? [Mainfreight Ltd]
Mainfreight 2008 Annual report worth reading
KiwiRail will cost Mainfreight
Mainfreight keeps on truckin
A rare breed
Share Investor's 2008 stock picks

Discuss MFT @ Share Investor Forum
Download Mainfreight Company Reports

From Fishpond.co.nz - Every Bastard Says No: The 42 Below Story

c Share Investor 2011

Tuesday, May 11, 2010

Sky City 2010 full year profit looking good

Come late August 2010, Sky City Entertainment Group [SKC.NZ] look set to announce a record profit of between $126-132 million and that has been forecast by SKC management itself.

I think they could well surprise on the upside though.

This is why.

In addition to the continued cost savings through paying down debt and other business costs there will be $60-70 million from the proceeds of the sale of their cinema business which will be an approximate $10 million straight to the bottom-line. This would already be accounted for but the contribution to the 2010 full year is unclear because there is additional disposal of associated cinema assets that may not be sold before the June 30 financial year end.

One big determinant for the full year profit figure will be the Australian/Kiwi dollar cross. Back in August 2009 the Kiwi was buying over 81c Australian and over the last half has been trading well below 80c. Its Australian casino assets in Darwin and Adelaide have been trading well and the currency swap from revenue exported to head office in Auckland should give a good boost.

A solid 2010 result will continue a good run for SKC since its $NZ115 million 2009 full year result and will mean an increased dividend of at least 7.5c on the 6.5 paid out last year.

Sky City Entertainment shares have been savaged over the last few weeks dropping from a range trading between $3.25- $3.30 to trade last today up 4c to $3.04.

Disclosure: I own SKC shares in the Share Investor Portfolio

Share Investor Interview

Share Investor Interview: Sky City CEO, Nigel Morrison - November 2009
Sky City Entertainment: CEO Nigel Morrison discusses 2010 Half Year

Sky City @ Share Investor

Sky City Entertainment Group Ltd: Download full Company Analysis
Sky City Entertainment: CEO Nigel Morrison discusses 2010 Half Year
Sky City Entertainment Group 2010 Interim Profit Review
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

Recommended Amazon Reading

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
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c Share Investor 2010

Monday, February 23, 2009

Sky City Entertainment 2009 Interim Profit Review

One of the best results by a long shot this reporting season was the interim 2009 profit for the six months ended 31 December 2008 for Sky City Entertainment Ltd [SKC.NZ] which was revealed this morning.

While most companies that have already reported in February have recorded slumping profits, Sky City has delivered net profit of $54.8 million for the half year, compared to $55.9 million for the first half last year-that profit was before a writedown of $60 million due to the money losing cinema division.

A drop of $1.1 million during the current economic slowdown is nothing short of breathtakingly spectacular to this shareholder. (see chart)

Of particular interest to me was that this profit was produced on revenue that was dead flat but on lower tax paid and due to around $9 million in extra operating costs.

Labour and energy costs would have taken the bulk of that and the lower tax rate attributed to the lowering of corporate taxes from 33 to 30%, so it looks like much of the vaunted cost savings that were launched around 16 months ago have come to an end.

A very pleasing turn of events was the announcement of a dropping of dividends from 90% of profit payout to 60-70%.

This is something that I have advocated and wrote about just last week.

This will enable the company to pay down more debt than the $24 million that they have in the last 6 months and a wise move considering the current credit squeeze.

The focus by Nigel Morrison in his first nearly full 12 months as CEO, on keeping down costs, efficient use of capital and maximising returns on existing assets is a good move away from the previous CEO Evan Davies and his expensive expansionist ways.

Once again Sky's Cinema division is still losing money even though it has improved revenues by 15%-mainly due to more cinema screens and higher ticket prices.

Once again I must say it is a turkey and it needs its neck wrung.

As I mentioned in the Sky City Preamble published last Saturday the erratic "high rollers" revenue, was well, erratic. Down substantially this year and the win rate fell on the average for the casino, rather than last years favourable one.

Company indications for the next 6 months of operations was pretty vague, as one might expect in the current environment. Nobody is giving clear forecasts for profit or revenue and that is wise should the company disappoint the rabid market.

Sky City shares finished today even.

Sky City @ Share Investor

Sky City Entertainment 2009 Interim Result Preamble
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 interim results for 6 months ended 31 December 2008.
	2009 Interim Result Presentation
	Media Release
	NZX Announcement
	Financial Statements
	Result Briefing Webcast

Sky City Financial Data

Share Investor

Thursday, January 17, 2019

Sky City: Buy

Friday, August 12, 2011

Mainfreight Ltd: 1st Quarter to June 2011 Profit Review

Tuesday, May 11, 2010

Sky City 2010 full year profit looking good

Monday, February 23, 2009

Sky City Entertainment 2009 Interim Profit Review

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