Another million or so shares traded today.
Gee, I wonder who might have bought the majority of those 😅
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Another million or so shares traded today.
Gee, I wonder who might have bought the majority of those 😅
Price enquiry for the bond yields.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/351392/320475.pdf
Must have been that stuff article yesterday.
http://nzx-prod-s7fsd7f98s.s3-websit...392/320476.pdf
Well, Blair's response was short and sweet!
Nothing material to report to the market.
They do need to remember that the bond trading volumes are incredibly low. Not Sky's problem if a tiny fraction of current bondholders are willing to sell their bonds for pennies on the dollar.
Saw same thing happened with Skellerup* bonds all those years ago - yield went through the roof to over 75% and the eager beavers piled in, to find the bonds worthless when Skellerup went into receivership.
Old Skellerup under Murray Bolton, bright eyed bushy tail executive of BIL.
I bought more today.
There are over 6000 individual share holders in Sky.
A couple of week ago I owned nothing.
I'm now in the top 50.
Pray for me :ohmy:
It tells you that the entire share registry is basically "mom and pa" retail holders who were living off the dividends for the last 20 years.
When the stock started to fall the institutional investors were smart enough not to buy in.
But at $100m market cap you would think it's at or close to bottom, at least Black Crane thinks so.