Don't worry, one time I sold out of a company and missed out on a profit of nzd2-3million... There will be another opportunity in the future.
Also sky wont be a company u can make such big gains in.
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Don't worry, one time I sold out of a company and missed out on a profit of nzd2-3million... There will be another opportunity in the future.
Also sky wont be a company u can make such big gains in.
It’s happening. Forbar upgrades to $3.00
Sky TV (SKT) provided a bullish market update, meaningfully upgrading its EBITDA and net profit expectations for FY22. The update was focussed on additional identified operational cost savings, but we consider the colour around revenues as well as cash generation to be at least as important. The key reasons for our upgrade is three fold; (1) after five years of declining core subscriber revenues we now expect modest growth; (2) strong control of non-programming costs in combination with improved line of sight on programming costs; and (3) adding a likely imminent sale of SKT's Mt Wellington property, we estimate that SKT will have a net cash position of >30% of its market cap at year end, implying a P/E below 5x excluding cash and a guided EV/EBITDA of ~1.5x, both of which are significantly below history. OUTPERFORM.
$1.80……….A massive upgrade
Is today a We Love Forbar Day
Rubbish them we don't agree with them but love them to death when we agree
I don't particularly rate Forbar, however it's fantastic news if we are starting to get price targets like that. SHould sustain buying pressure. I picked up even more yesterday as this move has much much further to go over the next 3 months in my opinion.
Could be double bagger for me soon ….who would’ve thought of SKT