SKYCITY Entertainment Group Limited (SKC.NZX)

8 August 2018

Technical Summary: The stock performance of SKC on either the 5 year or 1 year time frame is sort of what you would expect from a company that faces regulatory hurdles to grow and should therefore send all of its cash back to shareholders in the form of dividends. The stock has largely trekked sideways which means that it is best bought as a mean reversion play. It is not shown on the chart but those that are looking to play it should pay attention to the expected dividend yield and look to buy it when the dividend yield is at its highest. It can either be sold then or investors could wait for the dividend yield to decrease before selling.

Investors should look to buy this name when the chips are down

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