We have quite a few believers, SKT is in 9th place in the NZ Stock Picking Comp for 2021.
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We have quite a few believers, SKT is in 9th place in the NZ Stock Picking Comp for 2021.
A bit of warm fuzzy PR stuff in The Herald
Wouldn’t make think she’s amazing this Sophie so I must buy heaps of SKT shares because she’s going to fix them up.
Leading Questions: New Sky CEO Sophie Moloney on the year ahead
https://www.nzherald.co.nz/business/...ectid=12412940
How many sky shares does she own....a large purchase would be good for the market.. No disclosure is bad news.
By all accounts she has been involved in the key decisions, so buying more shares after getting the top job shows confidence in the business and her ability to turn it around. I think that’s been a issue for sky where the directors and past ceo had very little skin in the game. I for one look very closely at company’s where the ceo especially has a large holding. For me a large purchase would give investors confidence . So yes I do think it would be positive for the share price. At the end of the day if the directors and senior management are not prepared to put decent money into the company then why would investors.
Read the other day that insider selling on the Russell 2000 has been steadily increasing recently and has reached near record highs
Maybe a crash is coming
Why would a crash be thought to be coming when there still many many loose billions to flow into
everyone's hands from low paying Bank deposits maturing & Bonus Bonds Trust winding up - all
likely to be looking for more respectable homes paying better than current bank low ball rates .. ? ;)
Still much the same or reduced quantities Script in 'investable companies 'out there -- but a huge amount
more loose dough potentially going to be chasing them .. IMO
Something really bad would have to happen to effectively rip the seat out of the market badly ? ;)
Sure, we now have a few Hedge Vulture funds & Unprincipled Fund Managers overseas screaming some SP's
are far to high now, which they have conveniently forward sold bigtime hoping to talk disaster for a huge windfall ;)
But as I said in the US insiders are selling (at a greater rate than buying) .....expectations of lower profits / lower share prices.
Yes many punters have cash to move into equities .....but for every buyer there’s a seller ....and whist does the seller do with the cash?
Saw today that global stock mkt cap has now topped 120% of global GDP. In bygone days Buffett said that’s alarming (and preceded market corrections). Just as well these times are different eh.
The option value of cash is an interesting subject.
Anyway back to SKT ...how many shares Sophie has doesn’t really matter ....but i have a feeling that this week will be a good one for the SKT share price.
Maybe Sophie is Sky’s saviour
Research: Women Are Better Leaders During a Crisis
Extract -
When discussing the careers of women leaders, there’s a phenomenon referred to as the “glass cliff.” It’s an obvious relative to the term glass ceiling, which describes the invisible barrier to advancement that women often face when they are up for promotion to the highest levels of an organization. The “glass cliff” describes the idea that when a company is in trouble, a female leader is put in charge to save it. When women are finally given a chance to prove themselves in a senior position, they are handed something that is already broken and where the chances of failure are high.
https://hbr.org/2020/12/research-wom...yName=DM113690
https://www.nbr.co.nz/story/stocks-watch-2021
Fat Prophets still bullish on Sky.
Sky did not feature as a pick for any of the others brokers listed in this article though.