SKC - Sky City Entertainment Group

[Bongo666]

With the share price getting close to $2.61, the SPP price, it looks like I could get the next 3000 shares I need to avoid the dilution of the capital raising. I may take the opportunity to get even more if they go much lower... GOOD opportunity there.

[Bongo666]

The closing share price today is just 1c above the Sky City share purchase plan from last month. Ready to pounce

[Bongo666]

SKC share price closing at $2.58 yesterday. Getting close to a multi year low of $2.54

[Bongo666]

Closed at $2.58 again today but reached all the way down to $2.56. Bigger volume than usual going through. Still waiting thinking I can get it cheaper?

[Bongo666]

The share price has really been punished over the last month or so.I wonder if there is anything material in it?

[Bongo666]

Nice use of the capital raising back in April to retire around $85 million in US debt. (see attachment at bottom for detail) At a discount of 98c in the dollar no less.

SKYCITY Entertainment Group Limited Debt Buyback.pdf

[Bongo666]

The struggling cinema division doing well currently?

Under Jane Hastings, SkyCity's share of Auckland cinema revenue is up from 55 per cent to 65 per cent.

SkyCity Cinemas general manager Jane Hastings has her own take on the old maxim that marketers should sell the sizzle, not the sausage.
She says New Zealand's biggest cinema chain - with 96 screens in 13 cinemas focused on Auckland and the north - has lifted its market share.
In the past nine months its share of the Auckland cinema revenue is up from 55 per cent to 65 per cent and nationally from 34 per cent to 38.5 per cent, SkyCity says.
After years of building its marketing around the actual movies, Hastings say SkyCity now sells the appeal of a sizzling night out.


(see attachment below for more or go to NZ Herald for the rest of the story)

Cinema chief stepping up sizzle factor.docx

[Trader Girl]

I would prefer to see SKC keep its movie biz. It seems a small price to pay to get brand recognotion for their casino biz in an area where kids go. McDonlads do the same thing and have their kids as customers for life!

[Bongo666]

With profit for Sky City for the year ended 31 July 2009 likely to be up by around 15%, there could be more good news for the following year as well.

See attachment below for the SKC upgrade document

SKYCITY Update re 2009 NPAT Ahead of Market Expectations.pdf

[Bongo666]

I wonder if Mark Weldon will act on the insider trading that went on with this stock in the last week or so?

Insider trading on Sky City shares

Methinks not...

[Share Investor]

Bruce Sheppard's letter to SKC and the reply over company debt levels

SKC letter to B Shep over debt issues.docx

B Shep letter to SKC.docx

[Share Investor]

Full Sky City 5 year financial comparison

Annual5YearSummary1.xls

[Catlins]

Perhaps they could look at some of our solo mums, it apears some of them are getting a good earner from Paula Bennett

[Share Trader]

Perhaps they could look at some of our solo mums, it apears some of them are getting a good earner from Paula Bennett

Alot of them put money into the slots in Auckland, so we get it back anyway

[Bongo666]

Geez you guys are awful buggers