I imagine mistaTea and Ogg might be too! Have appreciated your analysis mistaTea (and Ogg, although more as entertainment value :p), and nice to see the thesis starting to be proven.
p.s. welcome back
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Finally CEO joins the battalion, buying on market of about 830k shares, smart move Sophia..
Massive volume again on the NZX. Should well and truly crack 20M shares traded by the end of the day. Good to see the buy interest for SKT now - and Osmium are no doubt still buying some more, if their NZME investment is anything to go by.
We should see more disclosures soon. If they grab 10%+ of Sky it would be a massive vote of confidence which would then attract the attention of other investors.
It looks like a post consolidation SP of $2+ is looking likely now.
If they do a buyback, they could probably further reduce s/o to 130M-140M.
Then if they start a divvy next year of, say, $20M that would be 14c-15c per share.
Double that for FY23, and apply an 8% yield to get a theoretical SP of $3.50 - $3.75.
This is pretty much the PK thesis (that is Peter Kennan btw, not P1ss Kopf from 'The Power of One'...) and he may well be proven right.
Looking at Osmium purchases of nzme. Skt could get pushed up a lot more than it’s at now if they continue to buy to the same level. Gives further confidence with Ceo buying, although this signals that there is no complete takeover proposal on the table currently. These thing happens in 3’s so hopefully the silver lake deal gets rejected this week.
This is great , thanks
https://www.nbr.co.nz/node/231590
"Black Crane Asia Pacific Opportunities Fund is another holder of just over 5% and said to be interested in more of the stock. "
Closed at 19.3. Up , up , up. Looking forward to tomorrow.