Originally Posted by
Monarch
My thoughts exactly. Slight upside if board achieves or exceeds guidance, or the property sale is really valuable, larger downside if they fail to achieve guidance. Not sure what my next move is just yet. Whilst I still think Sky will produce cashflow for quite some time, I'm becoming increasingly uncomfortable with the board. Why have the 200m bank facility if your going to hold onto every penny of FCF, they gave no indication of any large ticket acquisitions that would require such an iron grip on retaining earnings. A regretful purchase at this point, especially the small portion I bought at 17.2 :scared: