Thank for your comment abro085,
Considering the number of tourists, it’s a matter of months not years, the tourism industry employed more than 8% of the local workforce before Covid. The pressure on New-Zealand government is high if they keep going extra
cautious.
I agree on the number of shares, yet if we divide the 2016/06 market cap by the number of shares in 2020/06 we get 3.86$. It’s 40% more than today and it doesn’t account for the fact that SKC is a stronger operation now than it was in 2016 (online gaming, refurbishment of Adelaide casino, hotel development,...). A market cap of 2,86B would take into account the value of the land and buildings, the actual operations and the online part.
| DATE | 2020/06 | 2018/06 | 2016/06 |
|---|
| 1 | SHARES OUT. (m) | 739,2 | 674,8 | 657 |
|---|
| 2 | Price ($AUD) | 2.23 | 3.7 | 4.36 |
|---|
| 3 | Market Cap (B) | 1,65 | 2,49 | 2,86 |
|---|
Moreover, the current chairman Robert Campell have initiated shares buyback in the past. We can only hope that they will do it again in the future.
(20min delay)