CWN 1.99% $8.37 crown resorts limited

will packer privatise crown...

  1. 1,847 Posts.
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    With the sp at an all time low of $6 , and big jim refusing to tip anymore money into PBL but more than happy to spend some capex on CWN's assets , you have to wonder whether there's a privatisation just around the corner? It looks as though CWN's eps are going to hold up reasonably well thanks to the weak $A magnifying the earnings from the UK, US and Canadian assets, and Betfair should have an improved spring racing carnival result due to the lack of horse flu. This makes the whole company a bit of a steal atm imho. Perhaps Kirk Kerkorian might come in as a JV partner, having expressed a liking for gaming stocks recently? You never know!!! dyor.

    http://www.crownlimited.com/Assets/Files/ASX%20announcement%20-%202008%20AGM%20Chairman's%20Address.pdf
 
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