A few more investment houses are recommending Sky as a buy/outperform, which is a great sign. Fingers crossed this is the inflection point or the inflection point has been passed already. Hoping this pushes to 20c or higher later this year :)
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A few more investment houses are recommending Sky as a buy/outperform, which is a great sign. Fingers crossed this is the inflection point or the inflection point has been passed already. Hoping this pushes to 20c or higher later this year :)
I have difficulty seeing SKT as a $2 or higher share post consolidation, unless prospect of a dividend, buyback or t/over materialises .. ;)
Look what happened to EVO post consolidation
Competing T/O bids may be just what the Doctor ordered to bring everyone's wishes to fruition however .. ;)
Look at media stock NZM -- a bit of a turnaround there after years drifting, then the Aussie vulture funds descended and a dividend reappears. No Cap consolidation with NZM, but nevertheless an example of turnaround occurring out of the depths with outside fund's interest playing their part.
IMO Expect more volatility with SKT SP as available current share pool out on the loose is significantly reduced by 90% :)
Will the big boys & funds be interested in having a play with SKT when 90% of shares are cancelled, or will the real players
surface finally to try to stake a claim to the whole box of SKT bits & pieces ? ;)
https://www.stuff.co.nz/business/300...million-payout
Martin Stewart participated in one of the greatest wealth destruction in the NZX. Walked out with $2.8m. Seems like if you have a fancy British accent you can hustle your way around NZ. Even if your ****house back in the UK you become an expert once you land in NZ.
Depending on how bad one thinks he was doing as CEO, then the opinion on the exit payment should be conversely higher.
in other words, if one thinks he was the worst CEO imaginable and was personally responsible for a gigantic loss of shareholder wealth, then getting rid of him for “only” a $2.8m early exit payment was money well spent.
Pretty decent Volume so far and SP hit .17
Another green day for SKY this is almost un heard of.
The wealth destruction had already taken place under John Fellet long before Martin Stewart took over.
Yeah, definitely agree. I'm not really sure where the Martin Stewart bashing has suddenly sprung from (other than a bit of resentment regarding his payout I guess). Things definitely started heading in a better direction under his watch in my view.
I hope Ogg and MistaT are enjoying the present wee bump in share price. Long may it last. Perhaps spurred on by some broker support - finally.
I hadn’t realized the new Warners/HBO deal was adding a bunch of new content to sky immediately. Spent the last couple of days watching some of the new “HBOMax Originals” content on Neon. And I see Sky has been advertising the new content like crazy as well.
Check out all the NEON ads on the stuff homepage right now:
Attachment 12904
Started watching Raised by wolfs. HBO max. Loving the new content
Missing Ogg & MistaTea
good to hear that the new contents are already online, I was a bit worried about reduced Sports coverage due to the lock down initially :)
Good sized volumes today, and over the last week or so, have tended to be up overall.
Someone is buying...
(NOT suggesting a takeover FWIW)