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Sands China Ltd. Message Board

  • flyinggoos flyinggoos Oct 28, 2013 11:04 PM Flag

    Hey, Spok great conversations with you & grft's

    commentary.....by the way, your 40 percentile with mpel's gaming license.....I also gave my two cents worth, however, different then your own.....with a mind sight such as the 40% on mpel etc....that's a pretty good contrarion viewpt......still not too late, Mr. S for the next run up...and as also mentioned with my viewpt. grft is correct in that the banks loaning allllll those monies to little mpel on a wing and a prayer just doesn't make sense...no there is a undercurrent that occurred and it ain't being shown quite yet.....remember clwr...and all that took place before it completely was allowed to go to haitis(?) ido as I had close to 40,000 shares and thank goodness just enough to cover my rear and then what do you know it arose from the hell and came back up just enough to clear the air...lots of under current had happened with powerful money backers and you don't think one of the siblings of Stanley Ho is goin to be left for the wolves to eat, do you...that's an assumption, and a pretty good one that mpel will get what it wants......still time to get in for the next sixty points. always good luck to you. goos.

    Sentiment: Strong Buy

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    • Thx, Goos. That was a big position in CLWR... I'm glad you came out ok with that.

      I'm still sitting on a big pile of CLRW proceeds in cash... mainly because I segregated it for assessment rights before dish escalated the bidding, and it took quite awhile to get the stock back into street name so I could accept the final sprint bid. I had much of it earmarked for American Capital Ltd (ACAS) in the $12 range, but ACAS ran away from me before I could secure my CLWR proceeds, and I've only used 15% of the CLWR proceeds for an ACAS purchase at $13.50.

      You may be more optimistic on LVS than I if you're looking for 60 points more over the next 12 to 24 months. I think we could pick up 20 points of that by next summer based on hype over the HK bridge and continued pick up of Sands market share into the mid-20's, but that would imply some additional P/E multiple expansion that would have to be justified by some fundamentals by later next year, and the comparisons will get tougher vs the 82 cents we just put up for Q3.

      As I've said, I would be ringing the register on 10 to 30% of my position if we were suddenly getting past the mid $80s, BASED ON WHAT IS KNOWN TODAY...

      ... but that's a moving target, given that what we know today is a tad less than what we'll know tomorrow.

      Spok

 
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