I wonder if we could see a speeding ticket here. Would potentially be an interesting response for them given the M&A speculation.
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I wonder if we could see a speeding ticket here. Would potentially be an interesting response for them given the M&A speculation.
when halt?
Direct Broking has Cum Capital Return under quotations.!!! Have I missed something??
maybe a few punters buying shares now knowing they going to worth about 2 bucks soon
18.2 not a lot on sell side under 20
I don’t think the price action is being driven by takeover action (although would love to be proven wrong) - but rather the Warner’s/HBO deal being a really important key asset of sky’s non-sport offering. Many feared Sky would lose access as HBO Max launched as a standalone service.
Wouldn't that be priced in the day it was announced rather than days later? Efficient markets hypothesis and all?
So the market is now in love with SKY again. The long term suffering is due to end. Onwards and upwards back to the good old glory days.....
I can almost see 20cents
Dam I thought that was going to be a Cage gif. ;)
Perhaps that good padre was looking {like some of us} to the SKY and hoping for a second coming {of the share price}.
Large block just been placed at .183
Either someone wants out or someone wants to stop the run......
Dammit ogg you said you wouldn't sell. I thought he was going done with the ship.
Sorry and just like that it disappears. Or is moved to .182
Will be interesting to see how things go over on the asx today.
Infection Point reached.
Edit hahah that should read Inflection but thought I would just leave it there.
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:
Good as near to 1% of the company traded today. Might tip over the line by closing.
Be fascinating to watch pre-close today...mouth watering :p
Please explain from nzx coming. Trades are on market which suggest that the bog boys don’t want to sell at these prices
Gregor Paul: Did NZ Rugby just shoot themselves in the foot ahead of resumption of Silver Lake talks?
https://www.nzherald.co.nz/sport/new...ectid=12468887
Oh oh ,the counting chickens GIF, Had to happen, heres hoping they still hatch and grow some....
20 cents and higher (or $2 and higher), here we come :D.
When consolidation goes through the charts will show SKY share price declining from $70 to $1
Impressive
Still quite a bit of haggling, hog trading & arguing over the price of fish to go before Consolidation:
https://www.nzx.com/announcements/378007
Quote:
Shareholders will receive one SKT ordinary share for every ten SKT ordinary shares held at 5pm on the Record Date of Thursday, 16 September 2021.
In order for the Share Consolidation to be processed SKT will be halted from pre-market open on Ex Date, Wednesday, 15 September 2021.
On Friday, 17 September 2021, trading will resume in SKT ordinary shares.
I can attest that I am not Ogg or MistaTea. I have seen MistaTea around though online... Fingers crossed for tomorrow
Osmium Partners been busy buying over past few days both on NZX and ASX.
Halt notice before open, yes/no?
Whose this new big shareholder who filed a SSH today
Vision statement - "We seek to generate strong, risk-adjusted returns by investing in undervalued, small capitalization companies across equity markets. Our Osmium 8 research process is based on eight simple factors involving factors such as balance sheet strength, aligned interests, attractive reinvestment opportunities, a low valuation, and reasonable growth prospects. As engaged owners, we actively discuss corporate strategy and capital structure with management teams and boards of directors. We prefer to conduct these discussions in private, but we will publicly debate important items with all shareholders when appropriate."
"Established in 2002, Osmium Partners, LLC is a leading investment management firm headquartered in the San Francisco Bay Area. We focus on investing in high-quality, small capitalization public equities via an exhaustive, bottom-up research process."
Its all on
Osmium Partners are based in San Francisco, below is their Investment Strategy.
We seek to generate strong, risk-adjusted returns by investing in undervalued, small capitalization companies across US equity markets. Our research process is based on eight simple factors involving balance sheet strength, aligned interests, attractive reinvestment opportunities, a low valuation, and reasonable growth prospects. As engaged owners, we actively discuss corporate strategy and capital structure with management teams and boards of directors. We prefer to conduct these discussions in private, but we will publicly debate important items with all shareholders when appropriate.
Osmium in love with NZME as well
Why they in love with NZME
What triggered US fund to invest in NZME?
https://www.nzherald.co.nz/business/...ectid=12364171
The man said - A lot of great businesses are built in times when others are going in reverse
Now NZME is trading around a dollar from the 54cent almost a year ago? Be interesting to see what happens with the SP now
Morning star just lol. Gone from Buy to accumulate. Well that’s what’s been happen over the last for however long. I’d say it’s now more a BUY than ever before.
Finally some hourly consolidation. Well overdue after every hourly candle low being higher than the last for 3 days. Looking for dip buy trades mid 18's.
Agree need some consolidation before the hopefully next leg up.
i never really understood the difference between "buy" & "accumulate" recommendations. aren't they essentially the same?
Indicative open on ASX at AU 18.5c
A casual 2M off market at 18.9
It’s Interesting that this fund sees value at .19. Hopefully this will flush out other interest and we might not have long to wait.
Slight difference. The power company buying was based on index composition and did not depend on the buyers seeing any value in the shares. This case is a value investor buying under their own steam. They can stop when they have enough or think the price is too high and are unlikely to drive the price to crazy levels like MEL and CEN a few months ago.
could someone with a subscription give us the full story? ta.
https://www.nzherald.co.nz/business/...R3P5ODDMQPVLY/
Good vol today so far over 12 mill thru on both exchanges.
Lol after all those questions...
The result saw wealth manager Jarden on August 26 upgrade its rating from underweight to neutral, but trimmed its 12-month target price from 19c to 18c. Analysts Arie Dekker and Luan Nguyen saw reasons for cautious optimism with programming rights costs peaking in the current year and streaming revenue on the increase. However, they said it was "still too early to call inflection point".
Mate that stint was like a virtual Guantanamo bay lol. Anybody remotely connected top a gif was sent away for some waterboarding haha. Thats alright probably did the share price some good.
SO, thoughts on NZME /Sky merger now? Mistatea started that rumour a little while ago on HC, is this related?
15M plus already traded and we have a few more hours.
Another big day.
Hourly higher low / support confirmed at 18.7. Watching 19.2 break for bull flag confirmation and continuation.
Love it perfect timing Ogg and Co welcome back. And talk about timing to consolidate as well to bring us up into the $ rather than cents.
Back from the naughty corner!
Another huge off market at 1.34pm
;) ;) ;)
Property sale will come through soon enough as well.
Any predictions on the SP before consolidation?
With the new STB + diversifying revenue streams with broadband... Sky is on the cusp of reaching an important phase...
When STB + Commercial + Advertising + Broadband revenue cover all OPEX + Keep the lights on CAPEX...then it means all the streaming revenue from NEON, Sky Sport NOW and Vodafone TV retransmission becomes 'money for jam'. This money can be used for growth CAPEX as well as dividends.
Sky have made no bones about needing to make significant further permanent savings. This can only mean more redundancies. I believe when MS was CEO there was 1200 staff and he wanted to halve that. They are down to around 900 or so...so lots of room for reductions. And the new 'lean and mean' Sky TV does not need a thousand bums on seats to get the job done.
I appreciate more now why they are so keen on the STB. It's all about getting to the point where the base pays the bills and streaming generates the profits.
BlackCrane and Osmium both keen on buybacks it seems. Between them they own ~10% of Sky...and Osmium are probably going to increase that.
I think a post consolidation buyback is now inevitable with the proceeds from the property.
FY22 will see the expected dip in earnings, but then I expect to see earnings lift significantly from FY23 as per the commentary above. With streaming expected to increase by 10%-15% CAGR for the next few years, the FY23 and beyond FCF could be very very healthy.
High dividends. High share price.
For those who may not know what Black Crane Capitals' investment thesis for Sky is. Well worth a listen.
This was an article on the HBO deal. This part is interesting. The only Sky Original I've watched was the crime show on NEON. I couldn't get past Episode one lol
A spokeswoman for Sky says the two companies have also signed a co-production agreement to create original New Zealand programming in NZ with a deal inked between Sky Originals and Warner Bros International Television Production NZ.
"We're not able to reveal details of the productions yet but hopefully that part will be well-received by the local creative sector after recent news," the spokeswoman said in a reference to Amazon pulling its Lord of the Rings production from NZ.
https://www.nzherald.co.nz/business/...2K5ZRSGHDIKDE/
Finally CEO joins the battalion, buying on market of about 830k shares, smart move Sophia..