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Thanks, all good. It's great to hear from people that take the opposing view.
I just thought of another turnaround example in the NZ market, which is Chorus. I
think, and I don't know Chorus' history in detail, but I'm pretty sure they were unloved for a few years.
Chorus was once unloved, until Black-Crane came along...
https://comcom.govt.nz/__data/assets...-July-2019.pdf
"We are long term Chorus investors, having initially invested in 2014." (pg 2)
Black-Crane recently invested 5% of Sky at 18c average.
Proven track record of picking successful turnarounds in the telecommunication sector.
Can they repeat? Or will they be happy to sell into a takeover?
I remember reading this article back in 2013.
Chorus at "the maximum point of uncertainty"
https://www.interest.co.nz/business/...-warminger-who
O, how the times have changed.
Sky's maximum point of uncertainty was 21st May 2020.