CWN - Crown Resorts

[piggybank]

Nice development for anyone who had the guts to pull the trigger Jan. 23. Mr. Market killed my enthusiasm awhile before then so not a holder disappointingly.
View attachment 61648

Hi Wysiwyg,

Don't worry - your not the first and you won't be the last to have done that. Did you have it show up on a scan or just looking through some of the betting stocks? Or are you a candlestick pattern convert.

Regards
PB

 

[Wysiwyg]

PB, Just flicking through stocks and spotted.

 

[ldc12]

Hi All,

First time posting.

Haver been looking at crown for some months now. It has declined over that period but I am very keen on the 5-8 year prospects of the company. Yes they are having some issues in Maccau but these are or have already been factored in with the drop.

Really liking the upgrade in Perth, the potential in Sri Lanka and the talk of moving into Japan, Vietnam and a couple of others.

Just wanted everyones opion as a long ter. Im looking to start to build my holding over the next 18 months.

Thanks

 

[notting]

Got way ahead of itself and was never worth $20. So the drop was a factor in it was getting back to where it should have been if Maccau was going to continue to be the worlds largest Chinese laundry.

Maccau was the only great asset it had the rest are average and management have decided to go on a spending spree. Like the overpriced low return venture being undertaken in Sydney.
There are now too many casinos all over the world.

I wouldn't be getting too excited about CWN. They will need to raise capital to fund all these ventures they are undertaking. May be interesting at $6 or if China eases up on its crack down on money laundering.

 

[jbocker]

Hi All,

First time posting.

Haver been looking at crown for some months now. It has declined over that period but I am very keen on the 5-8 year prospects of the company. Yes they are having some issues in Maccau but these are or have already been factored in with the drop.

Really liking the upgrade in Perth, the potential in Sri Lanka and the talk of moving into Japan, Vietnam and a couple of others.

Just wanted everyones opion as a long ter. Im looking to start to build my holding over the next 18 months.

Thanks

I am very familiar with Crown Perth, and on the edge of a reasonable membership level, my wife is on a Pearl membership for a few years. As customers I am appalled at the treatment we receive by the management, and the monopoly that have over the market in Perth is outrageous. The noticeable decline in service and entertainment indicates to me the level of poor business it must be suffering. I have requested on four separate occasions to discuss matters with them - 'I will get a supervisor to contact you' is the response and I haven't seen nor heard anything.
I have travelled to Crown Melbourne and the consideration of our status from Perth is almost entirely ignored unless you make demands. I hear it is the same for Melbourne membership coming to Perth.
By comparison I have been flown to other states and accommodated by other casinos and treated like royalty by comparison.
I see now they have Crownbet, but do you think that is linked to your membership. Would seem like a good thing to do.
I had considered buying Crown shares (since I do a bit of business there ) BUT I am not interested in backing something so shoddy in service as that is an indicator of shoddy business.

 

[jbocker]

Packer has quit as CEO!
Cripes I didn't get a few dollars on that with Crownbet.

Must have been time to shuffle the Pack(er).

 

[skc]

CWN up a fair bit on James Packer's grand plan.

Rumour has it that Leonardo DiCaprio planted the idea in James' head thru inception to breakup his Father's gaming empire...

 

[notting]

The property was always going to be a thorn in the side.
Kerry managed to weezle out of the second tower in Melbourne.
It seems that to get the go ahead for state governments for Casinos you have to build towering hotels that don't give you much of a return.
Solution - carve them off just before inner city apartments look to be about to topple.
Interesting way to fund the ambitious Sydney build.
Wonder if the casino part will take up the old Maquarie model and charge massive management fees for the hotels.

 

[Miner]

I was hoping to see some interactions on this thread after CWN people held by Government of China .
Funny enough even there is one Executive VP (top dollar executive) West Newspaper reported as workers to mellow down. Market punished lesser than I was expecting . CWN said a polite comment on ASX that they are investigating. We know all how businesses are run in China and Indonesia when dealing with government. Not long ago Rio Tinto senior executive was held in China and Rio denounced any knowledge. We probably see similar disclaimer from Rio.
Funny enough Fat prophets has speculated to buy this even at this moment with a hope gambling a business of CWN so what is wrong on gambling on them.
I am watching to further disclosure and if there is any opportunity to buy this after another 10% drop.
Not a betting man even I do buy lotto with a limit.
Any investor or speculator to comment on how CWN could go ?

 

[notting]

Bottom line is that the Chinese will not allow you to make money in their country.
They will suck you in, make you build and invest and create businesses and give them all your technology then they will find a way of stealing it from you.

 

[Miner]

Bottom line is that the Chinese will not allow you to make money in their country.
They will suck you in, make you build and invest and create businesses and give them all your technology then they will find a way of stealing it from you.

Notting
You are on the money.
You know who taught them so ? We Aussies indeed when gladly offering them education without any entrance test for quick money. They will bite us soon too.

 

[CanOz]

Notting
You are on the money.
You know who taught them so ? We Aussies indeed when gladly offering them education without any entrance test for quick money. They will bite us soon too.

You guys are a laugh!

 

[andriti1010]

Uncertainty doesn't bode well for the stock at the moment, particularly if the ramifications are much more profound that the immediate issue at hand.

Seems to have stemmed the tide this morning on open, although like anything, it could all swing pretty easily

 

[notting]

Hardly a spectacular fall when you consider it's simply tading where it was on the 17th June!!!!!!!!
No Chinese trying to run the small guy over back then either.

The spending Crown is doing in Sydney never seemed like a good idea to me and now the Chinese look like they are going to attack you if you lure their corrupt friends of officials offshore to launder their money.
This thing could look like a basket case in a few years time.
Packer should have got out when it was $20 and got into Sydney apartment building or powdered milk.

 

[notting]

Chinese arrest your management let the share price tank then Packers 'good friend' Chinese partner Ho makes buys him out. Can it be any more obvious?

Oh but he was making offers before the arrests, that just shows how in on it he was. Why didn't they arrest Ho?

There have been disagreements over strategy and periods of silence between the two billionaires. (Odd since they are supposed to be rowing the same boat. It's called freezing Packer out till he does what he is told.)
When the son of Macau gaming tsar Stanley Ho approached Packer several months ago with a plan to buy 198 million Melco Crown shares that would give him majority control of their joint venture company. Packer need more persuasion!! and subsequently got an offer much harder to refuse!

When the Crown board agreed to change tack and instead pursue the Melco share sale in what became known as Project Alpha, little did they know that in mid-October the arrests of 18 Crown staff in China would make the spin-off of Crown’s Macau business an absolute bargain. Ho and his communist thugs were well aware of Crowns debt issues and new when to apply force to make sure the deal would stick!


“I am grateful that James continues his support in this transaction (says Ho quietly whilst the management are in a Chinese prison) and accepts Melco’s requests to enter into a transaction that will allow Melco to assume majority ownership in Melco Crown,’’ Ho said yesterday, ahead of attending the Nasdaq in New York last night to mark the 10 year anniversary of Melco Crown’s listing.

It is a successful money maker and so now has been stolen back by China.



If it's a food company the Chinese Communist Party creates a food scandal first

McDonald’s Corporation continues to remain in the news for all the wrong reasons. After facing a food safety scare in China, the Golden Arches has been facing temporary shutdowns in Russia. These added headwinds come at a time when the company has been struggling with rising commodity prices, changing consumer preferences, tough competition in the breakfast and the fast-casual segment. The company has witnessed sluggish growth over the last three quarters, with relatively flat global comparable store sales and 1% increase in consolidated revenues in Q2 2014. In the U.S., comparable store sales decreased 1.5%, while operating income rose mere 1%.

In August, Russia's food safety watchdog ordered the temporary closure of five McDonald's restaurants in Moscow and Southern Stavropol region, on claims of alleged sanitary violations. However, experts believe that the decision comes as a result of tense U.S. – Russian political ties over Ukraine. (see Temporary Shutdown Of Outlets & Agricultural Ban In Russia To Worsen McDonald’s Sluggish Growth)

The world’s biggest fast-food chain is considering final offers from three leading groups, believed to be U.S. private equity firm Carlyle Group and Chinese investment firm CITIC Group, U.S. private equity firm TPG Capital and Chinese retailer Wumart Stores, and a group led by Beijing Tourism Group and Chinese retail giant Sanpower Group, according to Reuters.

With the sale, McDonald’s Corp. joins fast-food rival Yum Brands Inc. in making the decision to sell its China business. Yum, which owns KFC, is the No. 1 fast-food chain in China; McDonald’s is a close second. Both arrived on the scene in the 1980s—KFC opened its first outlet in Beijing’s Tiananmen Square in 1987, and McDonald’s opened its first store a few years later in the southern city of Shenzhen.

Yes The Chinese Communist Party fabricated KFC food poisoning scams before buying out KFC (Yum Brands) too!

 

[Knobby22]

Notting, from where are you quoting?

Wouldn't surprise me if the same thing is happening to Bellamys. I didn't own shares in either because of this treatment which is typical.


The Australian Government needs to stand up.

 

[jbocker]

Packers Perth Monopoly Casino is copping a hammering. I wonder what will be next. Crownbet?

 

[Redbeard]

I have had Crown shares since Pbl > CPH > Nine Network >FXF > Bond Media ... oh cripes where did i get them from.....????
The main thing I know is that for the last 20 years I have gotten a check for $19.06 (or thereabouts) every six months. and thats it !!!
if there was any advantage in holding them its been to get priority for the Bonds issues.
the biggest advantage is being a Packer and changeing the company every few years..

 

[greggles]

Crown Resorts becomes $10b takeover target

Crown Resorts has confirmed it is in talks with Wynn Resorts after receiving a $10 billion cash-and-scrip takeover proposal by the Las Vegas gambling giant.

The James Packer-controlled casino operator said Tuesday that Wynn's proposal had an implied value of $14.75 per share.

That represents a 25.6 per cent premium to their $11.74 price before trade was paused ahead of the announcement.

https://www.sbs.com.au/news/crown-resorts-becomes-10b-takeover-target

CWN up 20% to $14.10 following the news. I suspect this deal may go ahead, although I'm not sure how happy CWN shareholders will be about it.

 

[peter2]

IMHO take the money and sell now. @ 14.00 there's only 0.75 upside and price can fall 3.00 if the deal doesn't go through. Of course it all depends on Packer who holds 46%. You can always hope that this bid attracts other bids (?). Other bidders may have a better chance of FIRB approval.

There's some chance that the FIRB will knock this on the head. CEO of Wynns (close friend of Packer has had his issues in the US). Casino license approvals can take months as there's many investigations to complete (est 6 mths min). If this does get all the approvals, you end up with Wynns US shares. The palfrey divs are in US dollars and may cost just as much to convert to AUD.