Opportunity for those with fortitude to get more shares at around 12c.
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I have reason to believe the selling is coming from Perpetual. They're dumping their entire position.
What's the EV?
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