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0.76%

$1.30 skycity entertainment group limited

Happy to forego dividends to maintain reasonable debt levels.

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noomxx

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24/06/24

18:57

Post #: 74466218
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Originally posted by HHH233: ↑

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.

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Happy to forego dividends to maintain reasonable debt levels.

SKC Price at posting: $1.32 Sentiment: None Disclosure: Held
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(20min delay)
Last $1.30		Change -0.010(0.76%)		Mkt cap ! $988.2M

Open	High	Low	Value	Volume
$1.30	$1.30	$1.28	$241.8K	187.7K

Buyers (Bids)

No.	Vol.	Price($)
2	1754	$1.28

Sellers (Offers)

Price($)	Vol.	No.
$1.31	972	1

View Market Depth

No.	Vol.	Price($)
1	972	1.280
3	4074	1.275
3	2002	1.270
4	11177	1.265
3	5994	1.260

Price($)	Vol.	No.
1.310	972	1
1.315	972	1
1.320	9702	2
1.325	994	1
1.330	3645	2

Last trade - 16.10pm 17/09/2024 (20 minute delay)

SKC (ASX) Chart