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.
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c Share Investor 2016
Great to hear you sounding like your old self. Hope 2016 is good to you!
ReplyDeleteIts been coming. Thanks.
ReplyDeleteThe company's UBS presentation in November mentioned a 'two stage' roll out for the additional machines and tables. 'Stage 1' was set to be completed by December 2015 and adding 269 machines and 27 new tables. 'Stage 2' should be in by June 2016, an additional 201 Automated Table spots and 13 tables. Would be good to see the Foyer finished by Chinese New Year. It's a real mess in there at the moment.
ReplyDeleteSo the tables and machines were "switched on Dec 31 2015" to coincide with the start of construction of the Convention Centre a few days before?
ReplyDeleteToday's upgrade...http://www.shareinvestorforum.com/viewtopic.php?f=3&t=39&start=45#p4173
ReplyDeleteWell called!
DeleteLike to say its luck but it isn't. I remember when Morrison said to me in 2010, one thing he would like to be known for. His answer was $10 bucks + a share.
Delete