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Skycity Entertainment Group Ltd ASX:SKC

0 opened or increased4 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 4 managers in total.

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2026

30 Jun 2025 to today

Commentary Showing 2 of 11

DateManagerActionSummary

30 Sep 2026Investors Mutual LimitedHeldInvestors Mutual Limited continues to hold Skycity Entertainment Group Ltd, which rose 21.7% during the September 2026 quarter after attracting takeover interest. The manager highlights the casino and entertainment operator among several holdings whose shares rose strongly due to corporate activity over the period. The commentary does not indicate any change to the size of the position.

Quarterly Report, price recorded $0.56

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9 Sep 2026Pendal GroupHeldPendal Group continues to hold its position in SkyCity Entertainment Group because it sees potential value beyond the takeover approaches the company has so far rejected. SkyCity disclosed that it had received takeover approaches which management considered too low and opportunistic, declining to engage further on the terms presented. Pendal maintains its holding in the stock, implying a view that the current approaches undervalue the business and that a more attractive offer, or the standalone value of the company, could still be realised over time.

Article, price recorded $0.55

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9 more comments on SKCPro shows every comment, with a link to each source document.

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First mention by manager

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Price at first mentionThe share price recorded when each of 4 managers first commented on SKC.

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Articles

30 Sep 2026SkyCity Rejected Two Takeover Bids That Undervalued Its $2.6bn Assets

About Skycity Entertainment Group Ltd

Consumer Discretionary, Hotels, Restaurants and Leisure

SkyCity Entertainment (ASX:SKC), the New Zealand casino operator, has rejected takeover approaches that fund managers see as opportunistic. In September 2026, Pendal Group noted SkyCity disclosed takeover approaches it considered too low and opportunistic, and that Pendal holds a position. Collins St reported SkyCity rose around 7% after rejecting two approaches at NZ$0.70 and NZ$0.75, adding that management met with the fund after results. Collins St earlier noted SkyCity has been hurt by New Zealand's weak economy, though early signs of stabilisation are emerging. SkyCity operates in the Consumer Discretionary sector within the Hotels, Restaurants and Leisure industry, and Thesis Tracker has captured 9 comments from 2 fund managers, including Collins St and Cromwell, alongside Pendal Group. Founded in 1996 and headquartered in Auckland, SkyCity operates casino, hotel and entertainment complexes in Auckland, Hamilton, Queenstown and Adelaide, and is completing the New Zealand International Convention Centre.

Market cap: $750m
Price to earnings: Loss-making
Return on equity: 0.0%
Dividend yield: 0.0%
Price to book: 0.00x
Net margin: 0.0%
52-week range: $0.38 to $0.86

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Skycity Entertainment Group Ltd (ASX:SKC)?

Fund managers including Collins St Asset Management, Cromwell Funds Management, Pendal Group and Investors Mutual Limited have invested in Skycity Entertainment Group Ltd (ASX:SKC).

What opportunities or catalysts do fund managers highlight for Skycity Entertainment Group Ltd?

Collins St and Pendal highlight takeover interest, which signals value below the surface, and early signs of stabilisation in the New Zealand economy that could support earnings.

What are the key risks to the Skycity Entertainment Group Ltd investment thesis, according to fund managers?

Collins St notes SkyCity has been hurt by weakness in the New Zealand economy, and the business faces regulatory scrutiny over anti-money laundering and gambling harm.

What does Skycity Entertainment Group Ltd (ASX:SKC) do?

SkyCity Entertainment Group Ltd., founded in 1996 and headquartered in Auckland, New Zealand, operates casino and entertainment complexes across New Zealand and Australia. The company operates through five business segments: SkyCity Auckland (casino, hotels, conventions), Other New Zealand Operations (Hamilton, Queenstown, Wharf, and online gaming), SkyCity Adelaide (casino, hotel, food, and beverage), International Business (gaming for international customers), and Corporate/Group (head office, funding, and investments including Gaming Innovation Group Inc.). Its diverse portfolio focuses on integrated resort management and gaming services across key Australasian markets.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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