The Sky City carpark after the Macquarie failed acquisition with the fire and subsequently Court action - would this be available to Private equity again at the right price which would be $150 -$200 million approx - would that be in management thoughts as Sky is in the same boat as Star Entertainment - Assets rich - Cash poor .
Never happy to drop dividends but probably a prudent move by management as they stated they consider Adelaide Casino a core asset of SkyCity moving forward - and it will not be sold - which I support and the majority of Sky investors IMO
.I see Allen Grey and Macquarie increasing their holdings in the last few weeks - as I quote the Sydney Broker "Rene Rivkin - Doom and gloom is when one takes a position " -as SkyCity has some positive news one hopes, with the Auckland Hotel opening in weeks and with the Private American equity " circling Star" maybe they see a turnaround for earnings in the Casino sector as Jun Bei Liu alluded to this month.
Ann: TRADING AND DIVIDEND UPDATE, page-13
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Last
$1.27 |
Change
-0.030(2.31%) |
Mkt cap ! $965.4M | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.28 | $1.26 | $191.4K | 150.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 8777 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 1138 | 2 |
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| Last trade - 14.00pm 18/09/2024 (20 minute delay) ? |
| SKC (ASX) Chart |