50,000 @ 17.1 lbs guys!
https://i.imgur.com/chyjYwq.jpg
What a great day.
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50,000 @ 17.1 lbs guys!
https://i.imgur.com/chyjYwq.jpg
What a great day.
Kilkern slowly winding down there holding. Moving onto other things.
It has created weakness in the share price which was showing done strength. As soon as it starts climbing they unload a little more so they don't bring it down too much and cost them money.
Guess they gave it a year thinking they would make a killing which hasnt quite gone to plan.
Only a great improvement in satalite subs with a reversal of there predicted revenue decline will turn this around. I'd love it if they actually start forecasting revenue growing in the next result.
And if course even though its a contenteous subject a return to dividends will show theyhave truly corrected course. Or we could see this price stay for awhile yet.
Is it more likely the investor day was moved to accommodate the outcome of the property sale - rather than any takeover/merger deal?
Yeah, because the investor day is about two old warehouses being sold off.
Slide 1 of the investor presentation:
https://i.imgur.com/K8YiP8U.jpg
Look at that dump.
https://i.imgur.com/lrxwFQW.gif
It's ~3%.
Even if it was 50% there's no reason to delay the investor presentation. The buildings have nothing to do with Sky's business plan.
If Sky was a property company, THEN MAYBE, but even then you can easily just write something about the sale process in the investor presentation based on the likelihood that the buildings are going to be sold, as there's no reason why they won't be sold, hence you just move forward on that presumption.
Anyway, why would you continually move other events around waiting for something to be absolutely certain. OSB took months to sell. It's not like everything was put on hold because of that. If the buildings never sell does that mean the investor day never happens?
It's plain and simple. The investor day was moved because something material has happened.
The buildings aren't material because the NZX announcement on the 26th March was not marked as price sensitive. Hence there not material.
Therefore something else must have happened in order for them to change the date.
Now ponder this: The investor day announcement doesn't mention anything about dividends or returning capital to shareholders, however it mentions the word "grow" twice. You will also see that they are inviting analysts as well, so it's an "Analysts Day" as much as it is an investor day.
If they're going to announce something big, then June 29 is the day!
Maybe nothing happens on the 29th, but if that's the case don't expect anything to happen on the 30th, or even months later.