Medway Golf Club
Posted 07 October 2009 - 07:18 AM
Posted 08 October 2009 - 06:17 AM
Posted 08 October 2009 - 07:12 AM
Posted 08 October 2009 - 07:21 AM
Posted 13 October 2009 - 08:26 AM
Posted 15 October 2009 - 08:48 AM
Posted 16 October 2009 - 03:56 AM
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Posted 18 October 2009 - 10:15 AM
Posted 18 October 2009 - 10:50 PM
Posted 19 October 2009 - 05:35 AM
Posted 19 October 2009 - 08:25 AM
Posted 19 October 2009 - 06:24 PM
Wouldn't surprise me at all if SL went **** up. It doesn't have enough real members and its got pretty high costs. Until the remaining developers shares are in the hands of real members there has to be some doubt about its soundness as a business. The developer is now cutting his losses and starting to dump the membership shares it owns. I predict that as this affects the resale market that the price of SL shares will keep plumbing new depths. I think it really is a good course. But its pretty brutal in high winds. There are lot people who playing it regulalrly will appeal to because either too hard or they just don't like to be continually punished. I don't think the fees are unreasonable given the facilities but there are only so many people who are both happy to play there and to pay that kind of money. I think in the absence of a relocation I don't think that Medway's long term future is that good.
Hawkers, would you be surprised if the SL members did their shirts? What do the memberships sell for now? I notice there is one on ebay for the Sandhurst Club starting at $1. There is no reason why those memberships should trade at a level much greater than a typical joining fee, which out that way is probably not much.
Does anyone know if there has been any discussions about moving Medway to the 130 hectare defence site near Highpoint. They don’t seem to be making much progress towards developing it for housing. Plenty of room for a golf course in there.
Posted 29 October 2009 - 09:21 AM
Posted 29 October 2009 - 05:54 PM
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