Monday, February 11, 2013

Sky City: 2012 Half Year - Analysis

Sky City Entertainment Group Ltd [SKC.NZX].has just reported a profit of $66.3 million for the six months to December 31. 

Net profit fell to $66.3 million, in the six months ended December 31, from $78.8 million, or 13.7 cents a share, a year, including gaming GST, fell 1.4 per cent to $487.3 million.

Profit missed the $75.9 million forecast by First NZ Capital and SkyCity today gave a mixed outlook statement, saying there are "indications of growth returning in New Zealand" while the performance of Adelaide would be "broadly flat" through the remainder of the year and Darwin should show growth as it benefits from investment in Casinos on both sides of the Tasman.

The company said normalised full-year profit is expected to be about $140 million. In October it forecast profit of the $140 millions.
The shares, which are rated 'outperform' based on the consensus of analysts polled by Reuters, last traded at $4 and have gained 6.4 per cent this year.
The company lifted its interim dividend to 10 cents a share from 9 cents a year earlier, saying it reflected its new dividend policy of making an annual payment of not less than 20 cents and not less than 80 per cent of normalised profit and is a welcome addition to most investors portfolios - especially this one.

Normalised profit , which includes the theoretical win rate and excludes certain one-time costs and gains, fell 3.4 per cent to $74.4 million.
Food and beverage sales rose to $24.1 million from $23.1 million, hotels and conventions fell to $30 million from $36.9 million while revenue from the Sky Tower and parking fell to $10.4 million from $11.9 million.
SkyCity Auckland, the company's flagship facilities, recorded a 1.9 per cent decline in total revenue to $263.7 million. Of that, slot machine revenue fell 7.9 per cent to $108.6 million, revenue from local tables gained to $61.8 million from $60.5 million and international tables, normalised, climbed to $28.8 million from 18.6 million.
Gross gaming revenue at Adelaide edged up 0.4 per cent to A$74 million, while food, beverage and other sales slipped 4.5 per cent to $8.5 million, the future of the gaming group rests almost entirely on its refurbishment and major update.
SkyCity Darwin recorded a 12 per cent gain in gross gaming revenue to A$54.9 million, while food, beverage and hotel sales jumped 18 per cent to A$17.2 million, was the other star gaining again with revenue consistently climbing.
SkyCity Hamilton's gross gaming revenue rose 5 per cent to $23.2 million and food and beverage rose 2.3 per cent to $4.5 million. SkyCity Queenstown gross gaming revenue fell 2.9 per cent to $3.4 million while food and beverage sales rose to $600,000 from $500,000.
SkyCity remains willing to invest up to $350m in the New Zealand International Convention Centre, and following the pending release of the Auditor-General's report into the government's initial expressions of interest in the project the company hoped to re-engage with the government, he said.


Shares were down 7c to 3.93 on the news @ 11.42 am.

Sky City Convention Centre @ Share Investor 

VIDEO - Sky City Entertainment Group : Parliamentary Question related to Convention Centre
Sky City to pay for National Convention Centre
Share Investor discusses Convention Centre proposal with CEO Nigel Morrison
Sky City Convention Centre Expansion a Money Loser: Part Two
Sky City Convention Centre Expansion a Money loser
SKC Convention Centre power-point slide illustrations & SKC submission to Auckland City Council

Sky City Entertainment Group @ Share Investor


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Guest Post - Michele Hewitson Interview: Nigel Morrison
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Sky City Entertainment Group Ltd: Download full Company analysis
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Sky City to focus on Gaming
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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]
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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)
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Friday, February 8, 2013

Share Price Alert: Air New Zealand 2



Air New Zealand Ltd [AIR.NZX] is faltering.

Its share price has not been north of $1.50 for almost 6 YEARS !

It is well off its highs of over 3 bucks in 2007 and off its recent lows on news of Rob Fyfe leaving in January, announced September.

Its been doing more or less an even flypast since October and looks expensive right now.

If you are thinking of buying this stock (I must warn you again the stock is off 2007 highs) buy in the cents per share. It will be down there again soon.

Then it may well be worth buying, mind you the bailout from "THE GOVERMINT" is going to have some impact.

Watch this turkey, its expensive and you will eventually lose all your money or most of it. 

Tip, invest your shekels in Boeing... 



AIR @ Share Investor

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Discuss this stock at Share Investor Forum - Register free
Download AIR Company Reports








c Share Investor 2013


Wednesday, February 6, 2013

Sky City Expansion: Adelaide Spreads on the Riverbank

Image result for nigel morrison

Forgot to post this when I initially first saw it. Mr Morrison has very big shoes when this goes ahead and the Sky City expansion gets the go ahead.

Mr Morrison does not muck about, he takes the bull by the horns and just grabs on.

I'm picking he will bring this to a close then choose someone else - there is fire in his belly and Sydney is calling.

Either that or they are going to have to offer him more.

Mr Morrison has a wandering heart but his wallet likes a good place to lay too..and if your reading this now Mr Morrison, good luck and god-speed, you deserve every penny you get.

And drop me a line some time, be nice to hear what you have been up to.

Cant wait for Feb 13.


Sky City Convention Centre @ Share Investor

VIDEO - Sky City Entertainment Group : Parliamentary Question related to Convention Centre
Sky City to pay for National Convention Centre
Share Investor discusses Convention Centre proposal with CEO Nigel Morrison
Sky City Convention Centre Expansion a Money Loser: Part Two
Sky City Convention Centre Expansion a Money loser
SKC Convention Centre power-point slide illustrations & SKC submission to Auckland City Council

Sky City Entertainment Group @ Share Investor


Morningstar Revalues Sky City Entertainment Group 
Sky City Gaming: Morningstars look at Sky City's gaming
Share Investor's Total Returns: Sky City Entertainment Group Ltd
Sky City Entertainment Group Ltd: Presentation to Macquarie Group
Morningstar Revalues Sky City Entertainment Group
Guest Post - Michele Hewitson Interview: Nigel Morrison
Failed Sky City bid for Christchurch Casino good news for Shareholders
Sky City Entertainment Group Ltd: Christchurch Casino bid falls short of Investment Criteria
Sky City Entertainment Group Ltd: Never mind the width feel the volume
Sky City Annual Meeting & 2011 - 2012 Profit Forecast
Stock of the Week: Sky City Entertainment Group Ltd
Sky City set to lose National Convention Centre bid
Sky City Entertainment Group: Australian Acquisition on the Cards?
Sky City Entertainment Group Ltd: 2010 Full Year Profit Analysis
Sky City Entertainment Group 2010 Full Year Profit Preview
Chart of the Week: Sky City Entertainment Group Ltd
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





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c  Share Investor 2013 

Tuesday, January 29, 2013

Share Price Alert: Contact Energy Ltd 8




Contact Energy Ltd [CEN.NZXhas come off all-time lows of $4.60 as was trading in April of 2012 to trade in the last 3 months of between $5.00 and $5.40 so has been marking a little time until the concrete news of their half year till Dec 2012.

The shares are trading at a NAV value of $4.24 and at a 6.38% (as per NZX listed figs) rate. So CEN shares are probably trading at a discount at present and are waiting for that valuable 1st half trading to give the share price some direction.

You would do well to get some at the trading range of $5.10 - $5.15.

I would if I had some extra cash.


Share Price Alert Series


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CEN @ Share Investor


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Discuss this stock at Share Investor Forum - Register free




Share Investor 2012