Xero takeover
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Xero takeover
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It's a great sign sky has turned the corner. Next things that will help will be the revaluations by investment companys. I believe the range was 17cents from one to 25 cents another what will the revised be. 19 to 28. That will help anither increase and the next one will be just like NZME. Once they announced a dividend the share price hasn't really stopped moving.
Found the full quote from a poster named Phaedrus (moimoi shared the end bit a while back).
I wish I had Phaedrus as a mentor, but alas he called it quits on Sharetrader in 2011 after amassing his wealth (he figured it was a better use of his time to dine on a cruise down the French Riviera than keep trying to educate the unwashed on ST. I don't blame him!).
When I step back after reading his thoughts, I think so much of what he describes below is applicable to Sky TV.
Though I do genuinely like the company and view myself as a long term owner - trying to dollar cost average as the stock price continued in its downward spiral was damned foolish of me. With a little luck, this lesson will stick.
In addition, any notion from me that Mr Market is wrong...and I somehow know more is not only ridiculous - it is laughable. Incredibly intelligent men and women are setting the price of our listed businesses, and there is just no way that I am smarter than them or have some kind of 'special insight' that they can't grasp.
In my case with Sky - i am happy to continue holding as I do enjoy being an owner of this business. But that is not to say I haven't screwed this investment up - because I clearly have.
Let's hope posters who are bearish on Sky return to this forum as I have been the guiltiest at shouting them down :(
I remember that post and like Tricha I have done my share of...slow learning. Phaedrus was a scholar and a gentleman..He would have known the best time to buy SKY and would have been happy to post it if asked.