See their latest investor presentation.
They basically have $100m cash and $100m bond due next year. Small drawn down on banking facility.
Net debt is approx $11m (going off the top of my head)
Printable View
Never own shares in a downtrend....that said I added this to my watchlist today as at some stage the downtrend might end and it could be worth a punt once we see a clean break back above the 30 day moving average, (not in any circumstances before this as far as I am concerned), or seeing as the downtrend is so firmly entrenched I might wait for a clean break above the black line, the 100 day MA, if that ever happens ?
Plenty of systemic flaws with management's thinking...still thinking that Sport is the panacea to most of their woes. Maybe one day they will wake up and realise that there's hundreds of thousands of subscribers who couldn't care less about sport and then they can stop throwing absolutely ludicrous amounts of money at sport ?
Attachment 11829
Me this time next week looking for things to burn...
https://i.imgur.com/JQQGMK9.gif
Starting to look cheap?
Here''s a readable version of Beagle chart https://cln.sh/UtcAWw
MistaTea this time next month...
https://www.youtube.com/watch?v=xy6IC_LZevE
I have removed several buy orders as I chickened out ahead of the sinking price.
I now wonder whether its heading to the lockdown figure.....$82M....or maybe 20 or 30 % more.
Jeeze....5-7 cents by my calcs. Is that crazy ? Probably...I'll go finish the lawns.
Maybe this doesn't allow for the cash raise ?
I do feel as tho I might be going to be characterised in the same way as Winner69 here.
Sky needs to start producing NZ shows for it's Neon service, otherwise that will struggle to gain traction if HBO and co decide to go to the market directly. Start producing and streaming shows like Outrageous Fortune, Bro Town, Jono & Ben and Block and then the sheep will start subscribing to it. That is the gap in the market. We can never compete with Netflix and Amazon...
We're in "take-over" territory now that's for sure!!
Will the white knight in black come and save us?
https://www.youtube.com/watch?v=GpUst3N3uEY
So long as it isn't...The Man in Black...
https://www.youtube.com/watch?v=OZszDYi5FCE