The weakness is just Martin offloading his new shares, probably needs a nice big deck at his holiday home in the south of France.
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With a little luck the Market is not reacting to takeover rumours because... there is no takeover in the works.
What would really get me excited is if The Board announced a buyback program at these prices. Unlikely right now due to Covid and NZ is only at the beginning of rolling out a vaccine...
But if the SP stays low in the second half of this year, and they allocate $50M of FCF to buying back stock...
At 17c, that would be about $294M shares (~17% of the stock).
Even if the SP lifted to 20c on a buyback announcement, that is still 250M shares (14% of the stock).
I like those kinds of numbers, I like them very much.
Discovery NZ paying big bucks for the Harry and Megan Interview:
https://cdn.fullscreen.nz/aem/corpor...AND_HARRY_.pdf
Harry: "We considered moving to NZ"
Discovery better pump up it's investments in NZ. It's the place to be.
https://www.youtube.com/watch?v=IUB-wjXUREE
https://www.nzx.com/announcements/368770
Looks like Chairman has been filling up his boots on market, always good sign when insiders buy.
https://www.nzx.com/announcements/368770
Phillip bowman buying another 250000 shares. Great to see some inside buying
What's this old fart doing. You're in the way of the takeover!
https://i.imgur.com/4Ik0m3p.jpg
I’m enjoying ST Aotearoa on SPN too. Let’s see what The Blues can do.
Also wondering how popular the tournament has been overseas with RugbyPass.
On another note, the new channel - Investigate Discovery - is really good. I’ve set loads of things on series link and so far enjoy the content.