Sunday, April 17, 2016

Was Nigel Morrison Pushed?
















Some more rumour and speculation.

But isn't there just an ounce of rumour and speculation to everything?

Last weeks news that Sky City CEO Nigel Morrison will step down at the end of this month has me wondering a number of things.

Morrison didn't get to his stated aim of $10 per share by the time he leaves.

No doubt about it Nigel has been good for Sky City.

He has been handsomely - and justly in my opinion - rewarded with salaries and incentives circa $22,000,000,00 in his time at the helm.

Yet I think - and this is where i'm speculating - when he made it clear that he was thinking of leaving about 6 months ago he actually was beginning the process of bargaining until maybe 2020-21 where he could actually see the fruits of his labour pay off.

What I cant make out though is why he wasn't given a better offer that allowed him to stay.

What is fact is that Chris Moller in 2008 who came in as chairman, was a supporter of Morrison but not all of the companies directors and heads of depts were backers of this man getting a raise.

In fact it was talked about, in private around 6 months ago just about how much Mr Morrison was worth.

Just what has been divulged to Share Investor is that negotiations HAD BEGUN but what wasn't clear was just who put the kybosh on it.

I suppose it just goes to show there is jealousy even at the top. This fellow does well grows the company to the verge of a massive change yet is dumped.

Perhaps he was better to get out in the end.

Hope is replacement lives up to him.




    Sky City Entertainment Group @ Share Investor


    Share Investor's 2016 Stock Picks
    Sky City gets the 2nd deal
    Sky City Expansion: Adelaide Spreads on the Riverbank
    Sky City to pay for National Convention Centre
    Share Investor discusses Convention Centre proposal with CEO Nigel Morrison
    Sky City Convention Centre Expansion a Money Loser: Part Two
    Sky City Convention Centre Expansion a Money loser
    SKC Convention Centre power-point slide illustrations & SKC submission to Auckland City Council
    Sky City Gaming: Morningstars look at Sky City's gaming
    Share Investor's Total Returns: Sky City Entertainment Group Ltd
    Sky City Entertainment Group Ltd: Presentation to Macquarie Group
    Morningstar Revalues Sky City Entertainment Group
    Guest Post - Michele Hewitson Interview: Nigel Morrison
    Failed Sky City bid for Christchurch Casino good news for Shareholders
    Sky City Entertainment Group Ltd: Christchurch Casino bid falls short of Investment Criteria
    Sky City Entertainment Group Ltd: Never mind the width feel the volume
    Sky City Annual Meeting & 2011 - 2012 Profit Forecast
    Stock of the Week: Sky City Entertainment Group Ltd
    Sky City set to lose National Convention Centre bid
    Sky City Entertainment Group: Australian Acquisition on the Cards?
    Sky City Entertainment Group Ltd: 2010 Full Year Profit Analysis
    Sky City Entertainment Group 2010 Full Year Profit Preview
    Chart of the Week: Sky City Entertainment Group Ltd
    Share Investor discusses Convention Centre proposal with CEO Nigel Morrison
    Share Investor Q & A: Sky City CEO, Nigel Morrison
    Sky City Entertainment: CEO Nigel Morrison discusses 2010 HY
    Sky City Convention Centre Expansion a Money Loser: Part Two
    Sky City Convention Centre Expansion a Money loser
    Sky City Entertainment Group Ltd: Download full Company analysis
    Sky City 2010 full year profit looking good
    Long Term View: Sky City Entertainment Group Ltd
    Sky City Entertainment: CEO Nigel Morrison discusses 2010 Half Year
    Sky City Entertainment Group 2010 Interim Profit Review
    Sky City to focus on Gaming
    Sky City debts levels now more manageable
    Insider Trading on Sky City shares
    Sky City Profit Upgrade: Always on the Cards
    Sky City's Current Cinema "Boom" a Horror Story in Disguise
    Stock of the Week: Sky City Entertainment Group
    Are Insiders selling Sky City Stock?
    Sky City Entertainment 2009 Interim Result Preamble
    2008 Sky City profit analysis
    Sky City share offer confusing and unfair for smaller shareholders
    Sky City Entertainment 2008 Full Year profit results , NZX release, 2008 full year presentation, result briefing webcast, financial statements
    Sky City 2008 profit preamble
    Sky City outlines a clear future plan
    As recession bites Sky City bites back
    Sky City Assets: Buy, sell and hold
    Why did you buy that stock? [Sky City Entertainment]
    Sky City Share Volumes set tongues wagging
    Sky City half year exceptional on cost cutting
    NZX Press release: Sky City profit to HY end Dec 2007
    Sky City Cinemas no Blockbuster
    Sky City Entertainment share price drop
    New Broom set to sweep
    Sky City Management: Blind, deaf and numb
    Sky City sale could be off
    Opposition to takeover
    Premium for control
    Sky City receives takeover bid
    Sky City Casino Full Year Profit to June 30 2007
    Setting the record straight
    Sky City CEO resigns
    Sky City Casino: Under performing
    Sky City Casino 2007 HY Profit(analysis)
    Sky City Casino 2007 HY Profit

    Discuss SKC @ Share Investor Forum
    Download SKC Company Reports




    Toughen Up: What I've Learned About Surviving Tough Times

    Toughen Up: What I've Learned About Surviving Tough Times by Michael Hill







    Share Investor 2016



    Wednesday, March 23, 2016

    Hallensteins Glasson: Sold By Days End?

    Chart forHallenstein Glassons Holdings Ltd (HLG.NZ)

    The time of the profit release has been delayed about 6 hours till the end of the trading day.

    What does the timing of today's release mean for you and me investor?

    It could be a number of things.

    I can only go into two here.

    It could be that the accountants have not got their shite together and havent crossed their I's and dotted their t's.

    Unlikely.

    That hasn't happened in the 12 years I have been a shareholder and it not likely to happen now.

    That the major shareholders the descendants of the Hallenstein fasimily and Tim Glasson and et al have been offered a shite-load of money for their holdings and they haven't worked out the finalities of it yet is more likely to be the case?

    Tim Glasson is a old coot with 20% shareholding in Hallensteins Glasson and like all old coots im sure hed like to take some money off the table if he was offered enough and do something else with it.

    What has Hallensteins Glasson's got going for it?

    No debt and cash on the books and a very low share price.

    Couple that with overseas companies looking for higher yields in a lower risk market.

    I cant think of anything else, can you?



    Hallenstein Glasson @ Share Investor

    Share Price Alert: Hallenstein Glasson Holdings Ltd 3
    Share Price Alert: Hallenstein Glasson Holdings Ltd 2
    Share Price Alert: Hallenstein Glasson Holdings Ltd
    Hallenstein Glassons Ltd: Should I stay or should I Go?
    Mixed Retail Outlook
    Long Term View: Hallenstein Glasson Holdings Ltd
    The History Of: Hallenstein Glasson Holdings Ltd
    Hallenstein Guidance not indicative of wider retail recovery
    Stock of the Week: Hallenstein Glasson
    Hallenstein Glasson Australian expansion needs expert execution
    Why did you buy that stock? [Hallenstein Glasson]

    Discuss HLG @ Share Investor Forum

    Download HLG Company Reports
    Download HLG Company History


    Think Bigger: How to Raise Your Expectations and Achieve Everything

    Think Bigger: How to Raise Your Expectations and Achieve Everything by Michael Hill 



    c Share Investor 2016






    Sunday, March 20, 2016

    Sky City: What Price if Sold Monday Morning?



    With news on Friday that Sky City is rumoured to have interest from ozzie's Star City and a total of almost $45 million shares changing hands on the day - the vast proportion of it after the market closed - its seems a good reason the reassess my view on my portion of the business.

    From the position I am in it seems just as CEO Nigel Morrison has got the casino on a good footing, Auckland is humming and all other businesses are doing well and all are likely to do much better for the foreseeable future.

    The only backslides are the backflippers.

    Thats is the two projects, the convention centre in Auckland and the expansion in Adelaide.

    My only interest is the price someone should pay for my belief that one day Sky City would pay off (and further in the future) and that Morrisons skills as an accountant (dotting the Is and crossing the Ts) will continue to pay off if I choose to say NO.

    Im not convinced someone can pay me what i'm getting now, 20%  + PA, if I put my money elsewhere.

    I think I would have to start again - depending on what price I could be offered.

    I think the price would have to be significantly North of the $10 per share that Nigel said it could be back in 2009  and I don't see anyone offering any like that.

    Ill just bide my time :)




    Sky City Entertainment Group @ Share Investor

    Share Investor's 2016 Stock Picks
    Sky City gets the 2nd deal
    Sky City Expansion: Adelaide Spreads on the Riverbank
    Sky City to pay for National Convention Centre
    Share Investor discusses Convention Centre proposal with CEO Nigel Morrison
    Sky City Convention Centre Expansion a Money Loser: Part Two
    Sky City Convention Centre Expansion a Money loser
    SKC Convention Centre power-point slide illustrations & SKC submission to Auckland City Council
    Sky City Gaming: Morningstars look at Sky City's gaming
    Share Investor's Total Returns: Sky City Entertainment Group Ltd
    Sky City Entertainment Group Ltd: Presentation to Macquarie Group
    Morningstar Revalues Sky City Entertainment Group
    Guest Post - Michele Hewitson Interview: Nigel Morrison
    Failed Sky City bid for Christchurch Casino good news for Shareholders
    Sky City Entertainment Group Ltd: Christchurch Casino bid falls short of Investment Criteria
    Sky City Entertainment Group Ltd: Never mind the width feel the volume
    Sky City Annual Meeting & 2011 - 2012 Profit Forecast
    Stock of the Week: Sky City Entertainment Group Ltd
    Sky City set to lose National Convention Centre bid
    Sky City Entertainment Group: Australian Acquisition on the Cards?
    Sky City Entertainment Group Ltd: 2010 Full Year Profit Analysis
    Sky City Entertainment Group 2010 Full Year Profit Preview
    Chart of the Week: Sky City Entertainment Group Ltd
    Share Investor discusses Convention Centre proposal with CEO Nigel Morrison
    Share Investor Q & A: Sky City CEO, Nigel Morrison
    Sky City Entertainment: CEO Nigel Morrison discusses 2010 HY
    Sky City Convention Centre Expansion a Money Loser: Part Two
    Sky City Convention Centre Expansion a Money loser
    Sky City Entertainment Group Ltd: Download full Company analysis
    Sky City 2010 full year profit looking good
    Long Term View: Sky City Entertainment Group Ltd
    Sky City Entertainment: CEO Nigel Morrison discusses 2010 Half Year
    Sky City Entertainment Group 2010 Interim Profit Review
    Sky City to focus on Gaming
    Sky City debts levels now more manageable
    Insider Trading on Sky City shares
    Sky City Profit Upgrade: Always on the Cards
    Sky City's Current Cinema "Boom" a Horror Story in Disguise
    Stock of the Week: Sky City Entertainment Group
    Are Insiders selling Sky City Stock?
    Sky City Entertainment 2009 Interim Result Preamble
    2008 Sky City profit analysis
    Sky City share offer confusing and unfair for smaller shareholders
    Sky City Entertainment 2008 Full Year profit results , NZX release, 2008 full year presentation, result briefing webcast, financial statements
    Sky City 2008 profit preamble
    Sky City outlines a clear future plan
    As recession bites Sky City bites back
    Sky City Assets: Buy, sell and hold
    Why did you buy that stock? [Sky City Entertainment]
    Sky City Share Volumes set tongues wagging
    Sky City half year exceptional on cost cutting
    NZX Press release: Sky City profit to HY end Dec 2007
    Sky City Cinemas no Blockbuster
    Sky City Entertainment share price drop
    New Broom set to sweep
    Sky City Management: Blind, deaf and numb
    Sky City sale could be off
    Opposition to takeover
    Premium for control
    Sky City receives takeover bid
    Sky City Casino Full Year Profit to June 30 2007
    Setting the record straight
    Sky City CEO resigns
    Sky City Casino: Under performing
    Sky City Casino 2007 HY Profit(analysis)
    Sky City Casino 2007 HY Profit

    Discuss SKC @ Share Investor Forum
    Download SKC Company Reports




    Toughen Up: What I've Learned About Surviving Tough Times

    Toughen Up: What I've Learned About Surviving Tough Times by Michael Hill







    c Share Investor 2016

    The Worst Customer Service I Have Ever Had: Jetsar




    I posted the following on facebook on February 18.
    I travelled to Auckland from Napier for the last 2 years 2 times a month via Air New Zealand until December to see my daughter. 
    I'm going back to Auckland for good in 2 weeks.
    I wanted to give the incumbent some competition so bought 2 tickets in Feb for $118. Much cheaper than Air New Zealand.
    BUT HERE IS THE WARNING. Do not under any circumstances buy tickets for any Jetstar flights. They will be late. In many cases, like below, not come at all.

    Your not going to "like" this. I just got back to Napier after spending the night in Auckland at the International Terminal (got 2 x 8 food vouchers) because "we ran out of time and just decided not to go tonight, cause we ran out of time" (my emphasis).
    I have to thank Hollie at the desk, there that she was so embarrassed she offered to PUT ME UP IN A HOTEL AT HER EXPENSE for the night - such a sweet thing to because if you know me i have had a stroke and 5 seizures and i "have" (i say this but it seems its past now) to have my meds twice a day) Hollie (i think it is Hollie) you a wonderful person,
    We decided to get you all on the 3.00pm the following day (today) but get this there is a flight to Napier at 8.45am so i try to get on this i get asked to come back at 8.15am but find the plane is late, go figure, so the standbys that they usually have, they had empty seats on the plane, they don't have anymore. They have them there but it is there policy to cut you off.
    To cut a long story short a wangled my way onto the plane after shouting at the top of my voice (i meant too but i simply shouldn't have to) I simply wanted to give the other guy a go (love competition)and was willing to forgive them the fact that i was one hour late GETTING TO Auckland and had a return ticket booked next week as well.
    But guess what, i will never, fly Jetstar again.

    Thanks to this, countless others will be thinking again. 
    You have been warned,


    Share Investor Reading




    Think Bigger: How to Raise Your Expectations and Achieve Everything