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Hi all, just wondering if anyone is following this company??? I've had a look for the CWN - Crown Limited discussion but there doesn't appear to be any in the forums.
CWN - Crown Resorts
- Thread starter Chumplybum
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Re: CWN - Crown Limited
Bad:
- Large Casino's e.g. MGM grand reported 30% profit loss Q108.
- Economic slowdown pushing away gamblers more than anticipated (not recession proof)
Good:
- bad news already priced in?
- Crown has focused on 'local' casino's. ones that do not bank on the foreign high rollers, but the locals instead. i.e. pitsburg and one on the outskirt of Vegas, may prove to be a winning strategy with high oil prices grounding planes.
- Commsecs Analyst research states the Macau (China) venture is "POSITIVE"
- Macau surpassed entire Nevada (incl. vegas) as the world's largest gambling market in 2007.
- The Crown Macau is now the largest casino in the world in terms of betting volume.
- China Olympics to boost Macau further.
- Macau government’s recent restriction to limit competition in Macau via no new gaming licenses or land allocated to casinos.
- Commsec valued at $14.07 in Feb, currently at about $10.65, possible re-value higher.
- Higher lows since march
Bad:
- Large Casino's e.g. MGM grand reported 30% profit loss Q108.
- Economic slowdown pushing away gamblers more than anticipated (not recession proof)
Good:
- bad news already priced in?
- Crown has focused on 'local' casino's. ones that do not bank on the foreign high rollers, but the locals instead. i.e. pitsburg and one on the outskirt of Vegas, may prove to be a winning strategy with high oil prices grounding planes.
- Commsecs Analyst research states the Macau (China) venture is "POSITIVE"
- Macau surpassed entire Nevada (incl. vegas) as the world's largest gambling market in 2007.
- The Crown Macau is now the largest casino in the world in terms of betting volume.
- China Olympics to boost Macau further.
- Macau government’s recent restriction to limit competition in Macau via no new gaming licenses or land allocated to casinos.
- Commsec valued at $14.07 in Feb, currently at about $10.65, possible re-value higher.
- Higher lows since march
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Re: CWN - Crown Limited
Yeah I like the look of crown for the future. I really think it could establish itself as a blue chip share. At the moment it's share price is $6.65 which I think is a bargain considering it has 7.4% dividend yield.
Any one else have any thoughts?
Cheers
Yeah I like the look of crown for the future. I really think it could establish itself as a blue chip share. At the moment it's share price is $6.65 which I think is a bargain considering it has 7.4% dividend yield.
Any one else have any thoughts?
Cheers
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Re: CWN - Crown Limited
This share will fall alot when asia starts feeling the credit crunch - most of the high rollers are from asian countries so when they stop coming in, so do profits.
$5 or under, it'll probably go
This share will fall alot when asia starts feeling the credit crunch - most of the high rollers are from asian countries so when they stop coming in, so do profits.
$5 or under, it'll probably go
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Re: CWN - Crown Limited
Read some news on crown in the fin review yesterday.
Apparently China is going to lift travel restrictions to Macau in the near future which in turn should increase revenue at Crown's Macau casino.
I believe this is a positive sign for Crown.
Im hoping the market will continue to crash, currently down 160 points, and crown shares will get back down to $6. they are currently at approx $7.
Cheers
Read some news on crown in the fin review yesterday.
Apparently China is going to lift travel restrictions to Macau in the near future which in turn should increase revenue at Crown's Macau casino.
I believe this is a positive sign for Crown.
Im hoping the market will continue to crash, currently down 160 points, and crown shares will get back down to $6. they are currently at approx $7.
Cheers
Re: CWN - Crown Limited
Is this a potential longtermer for the grandkids?
Crown have recently announced a SPP (well actually on the 20th of Jan) for $100 mil (from memory) at a price of $4.95 per share. Nice bit of shoring up capital etc etc
Now...Crown are already on a pretty decent yield and the business is pretty much a guaranteed winner (gambling etc) but they did refinance about 1.6 bil worth of debt 2 months ago (probably this capital raise is a nice injection). They have also constructed a 3rd hotel in my hometown and just above there is a comment re: Crown venturing into Macau.
What are people's thoughts on zi old CWN?
Is this a potential longtermer for the grandkids?
Crown have recently announced a SPP (well actually on the 20th of Jan) for $100 mil (from memory) at a price of $4.95 per share. Nice bit of shoring up capital etc etc
Now...Crown are already on a pretty decent yield and the business is pretty much a guaranteed winner (gambling etc) but they did refinance about 1.6 bil worth of debt 2 months ago (probably this capital raise is a nice injection). They have also constructed a 3rd hotel in my hometown and just above there is a comment re: Crown venturing into Macau.
What are people's thoughts on zi old CWN?
Re: CWN - Crown Limited
Me too - am interested in hearing different opinions, not toooo technical .. pls..
.. have been getting conflicting advice from colleagues, .. thank you
Me too - am interested in hearing different opinions, not toooo technical .. pls..
.. have been getting conflicting advice from colleagues, .. thank you
McCoy Pauley
Get out of here Budweiser!
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Re: CWN - Crown Limited
Victorian Parliament this week passed legislation allowing Crown to expand the number of tables from 350 to 500, an increase of 43%, with essentially little in return from Crown.
A (negative) article from the Age today:
http://www.theage.com.au/opinion/politics/in-victoria-the-house-takes-all-20091209-kjyb.html
Victorian Parliament this week passed legislation allowing Crown to expand the number of tables from 350 to 500, an increase of 43%, with essentially little in return from Crown.
A (negative) article from the Age today:
http://www.theage.com.au/opinion/politics/in-victoria-the-house-takes-all-20091209-kjyb.html
Re: CWN - Crown Limited
No talk on CWN for a while here's my technical analysis, there seems to be strong support around the $7.50 to $7.40 area (see price table), this down trend from Oct 09 to date seems to be an accumulation period or an Elliott 2nd wave of a long term motive wave (Red).
This support has held up nicely in recent weeks compared to the XAO and has been tested a few times so it looks strong in my opinion.
My wave theory analysis looks like we are starting a wave II (Blue) after finishing a wave C(Blue) and this could be the start of another motive wave III (red) of a longer term trend. The daily chart looks like wave 2 (black) could be about to end. (Currently in wave C purple)
I am new to the game and any opinoins on my analysis would be appreciated, especially concerning my elliott wave labeling etc. I bought into this stock a few weeks ago for a medium to long term hold. Stop loss weekly close below $7.40 or if price moves below $7.30 at any time.
If my analysis is correct we should see a strong wave 3 (red) of the longer term uptrend forming, and if you believe Gann's 50% rule it suggests price could move to or above $12.60 in the long term before wave IV(red) begins. If we dont see any negative suprise concerning CWN in coming months the next wave I (blue) could end at about $9 - $10.
Otherwise perhaps a double or triple three is forming if this is the case i still think the strong support at 7.40 to 7.50 will hold.
No talk on CWN for a while here's my technical analysis, there seems to be strong support around the $7.50 to $7.40 area (see price table), this down trend from Oct 09 to date seems to be an accumulation period or an Elliott 2nd wave of a long term motive wave (Red).
This support has held up nicely in recent weeks compared to the XAO and has been tested a few times so it looks strong in my opinion.
My wave theory analysis looks like we are starting a wave II (Blue) after finishing a wave C(Blue) and this could be the start of another motive wave III (red) of a longer term trend. The daily chart looks like wave 2 (black) could be about to end. (Currently in wave C purple)
I am new to the game and any opinoins on my analysis would be appreciated, especially concerning my elliott wave labeling etc. I bought into this stock a few weeks ago for a medium to long term hold. Stop loss weekly close below $7.40 or if price moves below $7.30 at any time.
If my analysis is correct we should see a strong wave 3 (red) of the longer term uptrend forming, and if you believe Gann's 50% rule it suggests price could move to or above $12.60 in the long term before wave IV(red) begins. If we dont see any negative suprise concerning CWN in coming months the next wave I (blue) could end at about $9 - $10.
Otherwise perhaps a double or triple three is forming if this is the case i still think the strong support at 7.40 to 7.50 will hold.
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Re: CWN - Crown Limited
Nice graphs wade, it`s all gobblygook. I want to know when they will they hit the jackpot. I do hold a small amt. and sometimes wonder why, for their pissey .18c div and 60% franking why bother.
Nice graphs wade, it`s all gobblygook. I want to know when they will they hit the jackpot.
I do hold a small amt. and sometimes wonder why, for their pissey .18c div and 60% franking why bother.Re: CWN - Crown Limited
Crown are nearing the end of a pretty big share buy back...whether it's a timely one remains to be seen. Big drops from $9...economic uncertainty won't do them any favours and with gambling being about disposable income (for most people anyway) they'll be pretty pressed to throw good numbers in their financials.
Crown are nearing the end of a pretty big share buy back...whether it's a timely one remains to be seen. Big drops from $9...economic uncertainty won't do them any favours and with gambling being about disposable income (for most people anyway) they'll be pretty pressed to throw good numbers in their financials.
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Re: CWN - Crown Limited
Interesting article:
http://www.smh.com.au/business/crown-prince-packer-could-be-king-by-christmas-20120412-1wwlp.html
Interesting article:
http://www.smh.com.au/business/crown-prince-packer-could-be-king-by-christmas-20120412-1wwlp.html
Re: CWN - Crown Limited
Has anyone seen this?
http://www.sharecafe.com.au/fnarena_news.asp?a=AV&ai=25061
Still no info if the NSW Barangaroo Casino plan is going to go ahead, and what are the chances of a takeover of Echo? Regulatory hurdles galore in both instances?
Any thoughts?
Thanks
Steve
Has anyone seen this?
http://www.sharecafe.com.au/fnarena_news.asp?a=AV&ai=25061
Still no info if the NSW Barangaroo Casino plan is going to go ahead, and what are the chances of a takeover of Echo? Regulatory hurdles galore in both instances?
Any thoughts?
Thanks
Steve
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Re: CWN - Crown Limited
I don't see a takeover of Echo happening. Packer just wanted it for the NSW licence held by The Star. But now the government is of the view that one licence means one premises, so the plan appears to be to end the exclusivity in 2019 and allow Packer to build his own in 2019.
I don't see a takeover of Echo happening. Packer just wanted it for the NSW licence held by The Star. But now the government is of the view that one licence means one premises, so the plan appears to be to end the exclusivity in 2019 and allow Packer to build his own in 2019.
Re: CWN - Crown Limited
Thought Packer would hedge his bets (all pun intended) by obtaining bipartisan political approval for Crown's Barangaroo. Yes, here are regulatory hurdles but that plan marks the crucial first step for the project and lessens the chance that Crown might try to take over Echo, (they have a 10% stake don't they?) but they are still seeking regulatory permission to increase it to 25 per cent. Perhaps to somewhat warn off other predators and future competitors?
However, surely he won't be just sitting around till 2019 when Echo's license runs out...
Also, mate of mine just came back from Macau. He was very impressed with what's going on there and if Packer believes that the huge numbers of middle / upper middle class Chinese Gambling Tourists flocking our way (Sydney being preferred tourist spot based on the iconic bridge and opera house) then surely he wants to get in, and quick.
Just a thought...
Cheers,
Steve
Thought Packer would hedge his bets (all pun intended) by obtaining bipartisan political approval for Crown's Barangaroo. Yes, here are regulatory hurdles but that plan marks the crucial first step for the project and lessens the chance that Crown might try to take over Echo, (they have a 10% stake don't they?) but they are still seeking regulatory permission to increase it to 25 per cent. Perhaps to somewhat warn off other predators and future competitors?
However, surely he won't be just sitting around till 2019 when Echo's license runs out...
Also, mate of mine just came back from Macau. He was very impressed with what's going on there and if Packer believes that the huge numbers of middle / upper middle class Chinese Gambling Tourists flocking our way (Sydney being preferred tourist spot based on the iconic bridge and opera house) then surely he wants to get in, and quick.
Just a thought...
Cheers,
Steve
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Re: CWN - Crown Limited
Players bluff!!!!!!!!
The only way to get in a quick is to get Echo.
Players bluff!!!!!!!!
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Re: CWN - Crown Limited
The market seems to be asleep on this one today.
MPEO had a shocker on a positive day on the Nazdaq due to word that Macau did not happen this year!!
If Chinese are concerned about a crack down on corruption their not going to be running to Macau to launder their money.
Chances are Authorities have placed people in the casinos to catch laundering and other subversive activities and the word is out.
I haven't heard anything in the Ausi media yet.
Went short at the open.
http://www.nasdaq.com/symbol/mpel
The market seems to be asleep on this one today.
MPEO had a shocker on a positive day on the Nazdaq due to word that Macau did not happen this year!!
If Chinese are concerned about a crack down on corruption their not going to be running to Macau to launder their money.
Chances are Authorities have placed people in the casinos to catch laundering and other subversive activities and the word is out.
I haven't heard anything in the Ausi media yet.
Went short at the open.
http://www.nasdaq.com/symbol/mpel
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