And she used that famous word "Inflection Point" again once or twice today.
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I for one is very happy with the outcome of today's announcement. If you want a quick sugar hit of capital return, that doesn't help us in the long term. The management's job is to build a sustainable business, with returns in the long run. From everything they've said and indicating, that's exactly what's happening.
I'm excited to see what is brewing behind the scenes. I would agree that it must be something significant with the cash they're looking to retain.
No selling here, had half a buy order at 2.50 left over from yesterday that i forgot about, was filled this morn to add to the pot - already up 3% on that parcel lol. Seems like something is brewing behind the scenes and i think they maybe just needed a bit more time before announcing. Once the property deal is fully done i.e. moneys in the bank, we might get an update
Sophie on the NZX investor virtual event on 8th of March:
Don't have a link to the event, but link to register: https://nzx.us19.list-manage.com/tra...c&e=baeeaaa251
Watch for price sensitive announcement regarding property going unconditional either later today or first thing Monday.
Good to have dividends finally confirmed for Sept, but excluding "one off" Sophie said, which means proceeds from the property sales will not be returned to the shareholders?! Most shares were hit yesterday by the Ukraine news, so I'm not too worried atm. Opportunities for bargain hunters maybe.
This needs to be said: It is ABSOLUTELY DISGUSTING that sky is still broadcasting the “RT” news channel, which is purely Russian propaganda. They should be deeply ashamed that they are taking money from Putin to carry this channel, and shareholders should be speaking up loudly.
Announcement of unconditional part has just come ...not price sensitive ...as transactional
http://nzx-prod-s7fsd7f98s.s3-websit...992/365584.pdf