StockTalk

Quote from: Otago K on Aug 25, 2026, 03:46 AMWell the latest year 30 June result is determined, and board comments to it, posted nzx announcement after yesterday's market close, it won't be a surprise. To be clear it's a train wreck.

Yep, it's a disaster all round, but the Fisher managed funds have underperformed for years and the Board has done nothing about it and kept re-appointing Fisher. Is this the point where they finally give them heave-ho? I'm not a holder but I would want to see a change in fund manager and strategy together with a reduction in fees. If not, then just wind the funds up and pay shareholders out at NAV rate.

Interesting.  I wonder what value SKC place on their chances of success in regard to their huge legal claim against Fletcher Building ?  I tend to agree that the offers received were opportunistic. Nevertheless I'm not a holder or buyer of SKC shares for ESG reasons.

Quote from: Crackity on Aug 25, 2026, 08:27 AMTesla is recalling 4.3 million vehicles in China due to door safety issues

Reported in FT yesterday

There are plenty of Tesla problems, but what annoys the Chinese in this case is that an outside rescuer coming to a crashed Tesla needs a special training for each Tesla model to open the car. Likely to delay the rescue. Not good for the people in the crashed car.

Sort of looks like the Chinese like their people better than the Americans like theirs ...

MARKET RELEASE
SkyCity Entertainment Group Limited
(SKC.NZX/SKC.ASX)
25 August 2026

SkyCity response to media speculation


SkyCity Entertainment Group Limited (SkyCity) notes recent media speculation that it is in discussions with Oaktree Capital in relation to a potential takeover of the company.

SkyCity advises that in May 2026, it received a confidential, unsolicited, conditional, non-binding indicative proposal from (i) a special situations fund managed by Oaktree Capital Management, L.P, to acquire all of the issued shares in SkyCity at an indicative price of NZ$0.70 cash per SkyCity share, and (ii) another party at an implied indicative price of NZ$0.75 cash per SkyCity share.(1)

Both indicative proposals were subject to numerous conditions, including a period of at least 8 weeks due diligence and arranging debt financing. The proposals were also conditional on agreement on transaction structure, negotiation of binding documentation, unanimous SkyCity board support, SkyCity shareholder approval, regulatory approvals, and acquirer internal approvals, amongst other matters.

SkyCity was also requested by one or both parties to: (i) not enter into any binding agreement to acquire or dispose of any assets (including under the asset monetisation programme); (ii) provide exclusivity; and (iii) retain its existing debt facilities.

The SkyCity Board carefully considered these indicative proposals, with input from management and advisers. The Board unanimously determined that these proposals did not adequately reflect the underlying value of the company, and that the conditions were problematic. Accordingly, the parties were advised that SkyCity was not prepared to proceed on the terms proposed. SkyCity did indicate to each party that it was prepared to consider engaging further, including providing due diligence information, if they provided a revised proposal which addressed these issues. Neither party submitted a revised, improved proposal.

SkyCity continues to focus on executing on its strategic priorities as set out in its FY26 results announcement on 20 August. This includes the:

i. asset monetisation programme expected to deliver gross proceeds of $275-300m across the unconditional sale of the 99 Albert Street and Victoria Street investment properties for $74.5m; and the non-binding heads of agreement for a sale of the Grand Hotel;

ii. group-wide reset of its operating model, targeting realised benefits of $30m in FY27 and growing to total benefits of $70m in FY28; and

iii. strategic review of SkyCity Adelaide, following the non-binding agreement reached with the South Australian regulator, CBS.


(1) Based on 1,103,055,047 SkyCity ordinary shares outstanding.

High Court dismisses interim injunction re TSB

Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) acknowledges the judgment released today by
the High Court of New Zealand which dismisses the application for an interim injunction filed by the Taranaki
Community Accountability Society Incorporated against the trustees of the Toi Foundation regarding the
process for the proposed sale of TSB Bank Limited (TSB) by Toi Foundation to Heartland, immediately following
which Heartland Bank Limited and TSB would merge to create TSB Heartland Bank Limited (the Proposed
Transaction).

Heartland's Special Shareholder Meeting remains subject to Toi Foundation trustee approval of the Proposed
Transaction. Heartland expects a decision from Toi Foundation trustees this week.

Tesla is recalling 4.3 million vehicles in China due to door safety issues

Reported in FT yesterday

FPH hit a 52 week high of $45.25 yesterday and F.Barr have lifted target SP to $46.90

ASM today.

BLT has a very strong balance sheet.
Total Assets are..... $14,968,000
Total Liabilities are $1,927,000.
In current Assets there is Cash of $4,005,000 and short term deposits of $4,500,000.
I like small companies that have strong balance sheets.Means they will not run out of money or want more capital anytime soon.

Well the latest year 30 June result is determined, and board comments to it, posted nzx announcement after yesterday's market close, it won't be a surprise. To be clear it's a train wreck.

Quote from: lorraina on Aug 24, 2026, 09:30 PMYES>!!!!!!!!!!!!!

OK, I suspect that what I might most desire in the here and now, and what you do, might be in conflict.
Thanks for your perspective anyway, suspect you might be on point.
I hope it works out the best for one or other of us.