I didn't see the Sky TV data collection angle. If only OGB was here, he would spin this angle so hard..
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Rounded up a close of 2.60 on ASX. We may see it inch closer to 3 mark here soon..
A strong US market overnight should have all the ducks in a row to get that resistance break today.
The most bullish broker (a firm renowned for M&A activity) has a valuation on SKT of above $4.00.
Highest PT is $4.71 according to :
https://www.marketscreener.com/quote...839/consensus/
4 brokers have BUY recommendation, one has HOLD and one (presumably the one with a $1.70 PT) has SELL.
SKT is a NZ50 index stock - institutions cannot risk being underweight the stock now that it is going up and up.
Looking positive for the resistance break, but as with the last few days depth very thin until institutional buying comes in starting around lunch time.
Looks like Instos looking at each other so far, waiting to see who'll make first move...
Pleased the cricket today is screened on Prime…..my stream from SKY is very hit and miss.
Good to see the SP holding steady, despite the recent bloodbath on the NZX. :cool:
Might try to pick up some bargains once some funds free up.
All positive - M & A activity has to be in the offing.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/388597/366379.pdf