Ann: TRADING AND DIVIDEND UPDATE, page-16

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noomxx

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28/06/24

22:52

Post #: 74528482
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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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I never thought of the angle of selling off the car parks again. Would only make commercial sense, when IR are much lower (lower risk adjusted required rate of return on the car parks)
Thanks.

SKC Price at posting: $1.33 Sentiment: None Disclosure: Held
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Ann: TRADING AND DIVIDEND UPDATE, page-16

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