Added to YB: 2026-10-14
Pitch date: 2026-10-12
SKC.AX [neutral]
SkyCity Entertainment Group Limited
+0.76%
current return
Author Info
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Company Info
SkyCity Entertainment Group Limited, together with its subsidiaries, operates in the gaming, entertainment, hotel, convention, hospitality, and tourism sectors in New Zealand and Australia.
Market Cap
NZD 733.0M
Pitch Price
NZD 0.66
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.60
P/E
37.83
EV/Sales
1.64
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Monday Delight: 12/10/2026 - SkyCity Entertainment Group Limited
SKC.AX (quick overview): SkyCity trades at NZ$0.675, below two rejected NZ$0.70-0.75 takeover bids, but a NZ$0.72 base-case sum-of-the-parts suggests limited upside; selling Adelaide and delevering is roughly value-neutral, and none of three scenarios offers a double. With Auckland EBITDA down four straight years, the bull case rests almost entirely on the NZ$750M convention centre reaching FY2028 breakeven despite currently tracking well behind target.
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