Guess will do another top up
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Guess will do another top up
Remember that it is only a few weeks since CEO Sophie "topped up" with her own money.
If they cant execute a property sale in the middle of auckland, I have grave concerns over them executing anything.
I have a suspicion that Osmium was buying today. There was decent turnover (remember to multiply by 10 to get a like for like comparison with previous buying pattern) and someone was happy to take big licks of stock after the so was driven down several % to $1.84.
Nah Osmium have stopped buying because their fund has taken a hammering on their Tuesday Morning position. 60% of their fund. Dropped 50% right when they were buying in 10 Sep, that's why we haven't seen any follow through since.
https://www.google.com/search?q=tues...hrome&ie=UTF-8
Nah, i just did some DD when i saw they'd stopped buying....
https://whalewisdom.com/filer/osmium-partners-llc
Looks like the market leaders were down yesterday, overall, except AIA. So best not to make too many wild guesses and just sit tight for the AGM.:)
They must be signing the paperwork right now, getting ready to announce to the Market by COB that WE ARE RICH! SO VERY RICH!
Just in time for the AGM...
Lets be honest, in line with every other presentation, meeting and hype event, tomorrow will truly disappoint!
Look, it's best we set expectations here so that we are not disappointed...
The Best Case Scenario
Sophie announces that we have gone unconditional on the campus sale. Sky are going to net $80M...giving Sky a cash balance of $120M. $x will be returned to shareholders by way of buyback or capital return, and the rest will be used for some 'exciting growth prospects".
The Worst Case Scenario
The property has not sold yet but we get to learn how many new te reo words Sophie has learned this month!