Whattttttttt cue Cage gif. ;)
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Whattttttttt cue Cage gif. ;)
Dont hex the s/p with gif's , havnt you worked it out yet:eek2::cool:
18c open on ASX, I think we might hit 20c before share consolidation date.
Craigs valn 23c target
Morningstar 30c
Some other rerates too
Absolutely blown some key technical levels. I really like these types of rallies where there was a final capitulation dump on results as it clears out a bunch of sellers first. The volume behind this rally suggests that it is 'real' and not just a quick pump. No clear driver for it however apart from broker upgrades so I think it's taking most people by surprise.
Take over offer comming
As much as I miss Ogg, but if the price goes up, I'll have to choose the SP over him :D
Market seems to have given some love to SKY .. maybe sellers have woken up to the
90% of their stash about to disappear .. ;)
19 cents is a major resistance level. If that clears there is heaps of resistance free upside.
Remember post consolidation there will be
just under 175 million shares on issue
Adjusting NTA on that - say 60.0 cps
Earnings per share 27.0 cps
and a more manageable bundle of shares on issue for any potential suitor to start chewing away acquiring.
there would be lots of small parcels out there too
If SKT in their tidy up of things eventually decide to rationalise the Registry they could be gone / sold as well
Post Consolidation - say $1.90 SP don't look out of the way for inviting further suitors circling for a piece of the action
when one looks at prices on the rest of the board, or similar media based outfits elsewhere
SKT removing the clutter may well be just what the Doctor ordered to encouraging the party to begin earlier ;)
Nztx - I think any suitor wouldn’t care a squat how many shares are on issue ..it the bucks that count
But there’s no suitor anyway
My understanding is that the consolidation is mainly to enable a 1c spread on the ASX, rather than the current 0.5c. In practice there is no other impact really.
Might actually benefit the NZX soon too if it goes over 20c :t_up: