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.
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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
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.
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.
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.
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.
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