A director at SkyCity Entertainment Group Limited maiden bought 25,000 shares at 1.460NZD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ove...
The general evaluation of SKY CITY ENTER (AU), a company active in the Recreational Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 8, 2022, the closing pri...
SKY CITY ENTER (NZ), a company active in the Gambling industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date November 19, 2021, the closing price was NZD ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Narrow-moat-rated SkyCity Entertainment is experiencing a softer second half and has trimmed earnings guidance by around 2%-3%. Financial year-to-date group normalised revenue is up 4% on the previous corresponding period, or pcp, (up 6% excluding Darwin). A healthy 8% increase in electronic gaming machine, or EGM, activity in the second half to date has been offset by weaker table games and nongaming performance. We have pulled back our near-term EBITDA projections by around 6% on average (duri...
Narrow-moat-rated SkyCity Entertainment is experiencing a softer second half and has trimmed earnings guidance by around 2%-3%. Financial year-to-date group normalised revenue is up 4% on the previous corresponding period, or pcp, (up 6% excluding Darwin). A healthy 8% increase in electronic gaming machine, or EGM, activity in the second half to date has been offset by weaker table games and nongaming performance. We have pulled back our near-term EBITDA projections by around 6% on average (duri...
SkyCity Entertainment is a highly cash-generative casino operator with a portfolio of long-dated monopoly licences in New Zealand and Australia. However, it is entering an unprecedented capital expenditure phase for its two key properties in Auckland and Adelaide. We believe the significant increase in product capacity will ensure that returns exceed the cost of capital once fully ramped up, but execution risks in the intervening years are considerable in terms of potential cost overruns and hig...
SkyCity Entertainment is a highly cash-generative casino operator with a portfolio of long-dated monopoly licences in New Zealand and Australia. However, it is entering an unprecedented capital expenditure phase for its two key properties in Auckland and Adelaide. We believe the significant increase in product capacity will ensure that returns exceed the cost of capital once fully ramped up, but execution risks in the intervening years are considerable in terms of potential cost overruns and hig...
Narrow-moat-rated SkyCity Entertainment is experiencing a softer second half and has trimmed earnings guidance by around 2%-3%. Financial year-to-date group normalised revenue is up 4% on the previous corresponding period, or pcp, (up 6% excluding Darwin). A healthy 8% increase in electronic gaming machine, or EGM, activity in the second half to date has been offset by weaker table games and nongaming performance. We have pulled back our near-term EBITDA projections by around 6% on average (duri...
Narrow-moat-rated SkyCity Entertainment is experiencing a softer second half and has trimmed earnings guidance by around 2%-3%. Financial year-to-date group normalised revenue is up 4% on the previous corresponding period, or pcp, (up 6% excluding Darwin). A healthy 8% increase in electronic gaming machine, or EGM, activity in the second half to date has been offset by weaker table games and nongaming performance. We have pulled back our near-term EBITDA projections by around 6% on average (duri...
Narrow-moat-rated SkyCity Entertainment started the year on a positive note, reporting fiscal 2019 interim normalised NPAT of NZD 97 million, an 11% increase on the previous corresponding period, or pcp. The result was driven by strong performance in Auckland and International VIP, which collectively make up around 80% of group EBITDA. Management guided to around 5% growth in normalised EBITDA during fiscal 2019 (assuming the sale of the Darwin casino settles on June 30, 2019), which is marginal...
Narrow-moat-rated SkyCity Entertainment started the year on a positive note, reporting fiscal 2019 interim normalised NPAT of NZD 97 million, an 11% increase on the previous corresponding period, or pcp. The result was driven by strong performance in Auckland and International VIP, which collectively make up around 80% of group EBITDA. Management guided to around 5% growth in normalised EBITDA during fiscal 2019 (assuming the sale of the Darwin casino settles on June 30, 2019), which is marginal...
Narrow-moat-rated SkyCity Entertainment started the year on a positive note, reporting fiscal 2019 interim normalised NPAT of NZD 97 million, an 11% increase on the previous corresponding period, or pcp. The result was driven by strong performance in Auckland and International VIP, which collectively make up around 80% of group EBITDA. Management guided to around 5% growth in normalised EBITDA during fiscal 2019 (assuming the sale of the Darwin casino settles on June 30, 2019), which is marginal...
Narrow-moat-rated SkyCity Entertainment started the year on a positive note, reporting fiscal 2019 interim normalised NPAT of NZD 97 million, an 11% increase on the previous corresponding period, or pcp. The result was driven by strong performance in Auckland and International VIP, which collectively make up around 80% of group EBITDA. Management guided to around 5% growth in normalised EBITDA during fiscal 2019 (assuming the sale of the Darwin casino settles on June 30, 2019), which is marginal...
Narrow-moat-rated SkyCity Entertainment started the year on a positive note, reporting fiscal 2019 interim normalised NPAT of NZD 97 million, an 11% increase on the previous corresponding period, or pcp. The result was driven by strong performance in Auckland and International VIP, which collectively make up around 80% of group EBITDA. Management guided to around 5% growth in normalised EBITDA during fiscal 2019 (assuming the sale of the Darwin casino settles on June 30, 2019), which is marginal...
Narrow-moat-rated SkyCity Entertainment started the year on a positive note, reporting fiscal 2019 interim normalised NPAT of NZD 97 million, an 11% increase on the previous corresponding period, or pcp. The result was driven by strong performance in Auckland and International VIP, which collectively make up around 80% of group EBITDA. Management guided to around 5% growth in normalised EBITDA during fiscal 2019 (assuming the sale of the Darwin casino settles on June 30, 2019), which is marginal...
Narrow-moat-rated SkyCity Entertainment finished the first half of fiscal 2019 better than expected on the back of strong performance in Auckland and international VIP business. This is a pleasing outcome, and management guided to interim 2019 normalised EBITDA of NZD 189 million and NPAT of NZD 97 million, up around 10% and 11%, respectively, on the prior year. The company cautioned that earnings growth will be harder to achieve in the second half, given the strong comparable period, although ...
Narrow-moat-rated SkyCity Entertainment finished the first half of fiscal 2019 better than expected on the back of strong performance in Auckland and international VIP business. This is a pleasing outcome, and management guided to interim 2019 normalised EBITDA of NZD 189 million and NPAT of NZD 97 million, up around 10% and 11%, respectively, on the prior year. The company cautioned that earnings growth will be harder to achieve in the second half, given the strong comparable period, although ...
Narrow-moat-rated SkyCity Entertainment finished the first half of fiscal 2019 better than expected on the back of strong performance in Auckland and international VIP business. This is a pleasing outcome, and management guided to interim 2019 normalised EBITDA of NZD 189 million and NPAT of NZD 97 million, up around 10% and 11%, respectively, on the prior year. The company cautioned that earnings growth will be harder to achieve in the second half, given the strong comparable period, although ...
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