Absolutely, in the share market you have to cut your losses sometimes. If there is no takeover by the end of the year and based on the results posted to the market in August i will probably end up exiting this stock.
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In the space of a day the discussion has moved from "irrational exuberance" to philosophical thoughts about human nature and intrinsic value.:)
Perhaps the directors have a long term {or longish term} plan which does not include a takeover.
For the traders, notice how SKT gets bought up on NZX each morning but gets sold down in the afternoon after ASX has opened?
Wonder how many of the 12c shares went to Australian institutions.
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Either way. The shares will get to or past 24 cents being the most undervalued stock possibly now on the stock market. Sky has a future. As long as my share purchase goes through I'll be happy. Moneys all out of the account so now its a waiting game. I'd love 50 cents a share but I see it as very unrealstic. I could see 36 cents to 45 cents in a year. I'm not holding my breath about a takeover just a lot of speculation on here and not a whisper outside this forum 🙂
I hope you are right but you seem to be stating opinion as fact. No one knows if SKT will get past 24 cents. The market does not seem to think so currently. There is nothing that is a risk free return in life. (maybe some govt bonds and even those are not risk free). What do all you punters know that the people selling SKY do not know?
Just had some comms with an analyst (no names) who seems to think the IFT CR could be for NZ refining...
To me that fits more with how IFT operates. They tend to buy boring things and I'm not sure I would call Sky boring. Or at least not boring enough.
And Balance's question about why this didn't happen before the capital raise is an interesting one. Although I do accept that the capital raise did happen pretty quickly.