Latest news with #SkyCityEntertainmentGroup
NZ Herald
07-07-2025
- Business
- NZ Herald
Shareholder sues former SkyCity executives after fines by casino regulators
Former executives and a director of SkyCity Entertainment Group are being sued in Sydney by a disgruntled shareholder claiming they were responsible for adverse findings and fines by Australasian casino regulators. The Australian Financial Review (AFR) reported the proposed suit this morning, with funders Litigation Capital Management claiming it would
NZ Herald
10-06-2025
- Business
- NZ Herald
NZX 50 gains 0.2%, SkyCity loses spot on the 20
SkyCity Entertainment Group reversed gains made earlier in the week after it fell victim to an index reshuffle. The S&P/NZX 50 climbed 0.2% to 12,564.420 with about 35.3 million shares changing hands, amounting to $118.7m in value traded. Harbour Asset Management portfolio manager Shane Solly said Fisher & Paykel Healthcare
NZ Herald
06-06-2025
- Business
- NZ Herald
SkyCity v Fletcher Building on $330m NZICC claim: Call for a ‘tombstone' to mark completion
SkyCity Entertainment Group and Fletcher Building would have been better to settle the $330 million NZ International Convention Centre dispute, an analyst says, while another wishes for a 'tombstone' to mark the project's end. Geoff Zame, head of institutional equities at Craigs Investment Partners, said avoiding court would have been
Yahoo
28-05-2025
- Business
- Yahoo
With 63% institutional ownership, SkyCity Entertainment Group Limited (NZSE:SKC) is a favorite amongst the big guns
Significantly high institutional ownership implies SkyCity Entertainment Group's stock price is sensitive to their trading actions A total of 7 investors have a majority stake in the company with 52% ownership Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If you want to know who really controls SkyCity Entertainment Group Limited (NZSE:SKC), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 63% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. In the chart below, we zoom in on the different ownership groups of SkyCity Entertainment Group. Check out our latest analysis for SkyCity Entertainment Group Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. SkyCity Entertainment Group already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see SkyCity Entertainment Group's historic earnings and revenue below, but keep in mind there's always more to the story. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in SkyCity Entertainment Group. Orbis Investment Management Limited is currently the company's largest shareholder with 15% of shares outstanding. Australian Super Pty Ltd is the second largest shareholder owning 10% of common stock, and Accident Compensation Corporation, Asset Management Arm holds about 8.8% of the company stock. On further inspection, we found that more than half the company's shares are owned by the top 7 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our information suggests that SkyCity Entertainment Group Limited insiders own under 1% of the company. It has a market capitalization of just NZ$721m, and the board has only NZ$7.0m worth of shares in their own names. Many investors in smaller companies prefer to see the board more heavily invested. You can click here to see if those insiders have been buying or selling. The general public-- including retail investors -- own 35% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It's always worth thinking about the different groups who own shares in a company. But to understand SkyCity Entertainment Group better, we need to consider many other factors. For example, we've discovered 1 warning sign for SkyCity Entertainment Group that you should be aware of before investing here. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
27-04-2025
- Business
- Yahoo
The past three years for SkyCity Entertainment Group (NZSE:SKC) investors has not been profitable
The truth is that if you invest for long enough, you're going to end up with some losing stocks. But the last three years have been particularly tough on longer term SkyCity Entertainment Group Limited (NZSE:SKC) shareholders. Regrettably, they have had to cope with a 61% drop in the share price over that period. And over the last year the share price fell 39%, so we doubt many shareholders are delighted. The falls have accelerated recently, with the share price down 20% in the last three months. Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns. Our free stock report includes 1 warning sign investors should be aware of before investing in SkyCity Entertainment Group. Read for free now. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. SkyCity Entertainment Group saw its share price decline over the three years in which its EPS also dropped, falling to a loss. Extraordinary items contributed to this situation. Due to the loss, it's not easy to use EPS as a reliable guide to the business. But it's safe to say we'd generally expect the share price to be lower as a result! You can see below how EPS has changed over time (discover the exact values by clicking on the image). This free interactive report on SkyCity Entertainment Group's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. We'd be remiss not to mention the difference between SkyCity Entertainment Group's total shareholder return (TSR) and its share price return. The TSR attempts to capture the value of dividends (as if they were reinvested) as well as any spin-offs or discounted capital raisings offered to shareholders. Dividends have been really beneficial for SkyCity Entertainment Group shareholders, and that cash payout explains why its total shareholder loss of 57%, over the last 3 years, isn't as bad as the share price return. SkyCity Entertainment Group shareholders are down 39% for the year, but the market itself is up 4.1%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 9% over the last half decade. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 1 warning sign for SkyCity Entertainment Group that you should be aware of before investing here. But note: SkyCity Entertainment Group may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on New Zealander exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
