Sky City: Covid-19 The Aftermath

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

Sky City: Turmoil in Market Brings Bargains

Sky City Entertainment Group Ltd: The Americas Cup
Share Investor's 2016 Stock Picks
Sky City gets the 2nd deal
Sky City Expansion: Adelaide Spreads on the Riverbank
Sky City to pay for National Convention Centre
Share Investor discusses Convention Centre proposal with CEO Nigel Morrison
SKC Convention Centre power-point slide illustrations & SKC submission to Auckland City Council
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



Discuss SKC @ Share Investor Forum

c Share Investor 2020