SkyCity Placement: Past Performance and the Relative Value Trade
SkyCity launched an NZD 180 million institutional placement and an NZD 50 million share purchase plan this morning. In this note, we will take a...
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ASX Reporting Season Update: Misses and Downgrades Amongst Bright Spots
Reporting season has been relatively disappointing with only 45% of stocks able to either meet or beat FY19 expectations. Analyst expectations in...
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Aussie Reporting Season Update: Cracks in the Mirror
Solid Earnings Momentum Hits a Brick Wall. It’s still early days, with only 40% of stocks reporting during the first 2 weeks of reporting season,...
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Detention of Crown Employees in China Elevates Risks for All Australian and New Zealand Casinos
Chinese authorities' detention of executive vice president VIP International Jason O'Connor and 17 other Crown Resorts employees has clear negative...
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SkyCity - Lack of One Sale Leads to Another
SkyCity Entertainment plans to raise US$180m through a fully underwritten accelerated pro-rata entitlement offer. The institutional shortfall...
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