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$12.09 crown resorts limited

Take On China Inc. At Your Peril, page-219

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Smugtown

1,453 Posts.

154

28/02/17

11:25

Post #: 22965563
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Originally posted by usc75 ↑

Hi, now that big fingers have cleaned-out the "lolly jar", and CWN's focus is OZ, then success will largely depend on China!

And the 17 Crown employees are still in China's prison(s). There's little sign of President Xi Jinping's hand on the key to their release.

So, Crown can expect a continuing drop-off of Whales and High Rollers (similar, if not worse, than 1H17 results-which were disastrous) in terms of revenues and profits....

Once shareholders have grabbed the largesse, expect SP to retreat for 2017 at least.

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You said that at $10.40.

I've sold half off holdings today anyway.

will buy back cheaper ex-div and in dips down to $11 as expecting it to be volatile over next 12 months,
CWN still a great medium to long term buy

CWN Price at posting: $12.71 Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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