Interesting.
Are there any others you could do to confirm that is the way they go about things ?
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I don't believe there are any other NZX examples....
Its important to remember these guys ARENT a BIG whale. Which means they don't take positions loosely or lightly..... I think this puts my pressure on them to execute!
However the more I look into NZME the more i realise they have had similar core issues to deal with and BOTH have had positions taken, sop I cant see any reason why they wouldn't deploy the same strategy....
check out this article recently
https://www.nzherald.co.nz/business/...D35BMO4PYL5KA/
Note some similarities from the article...
- decline in print advertising (decline in sattelite)
- Half a million subsribers (1 Million subcribers)
- Readership growth 15 months (increase in streaming)
- Sees a return to dividends or buyback (same same)
AND YET Arie Dekker increased his analysis to BUY from 99c to $1.04.....
Not sure why Arie loves NZME & not sky.
dazatoN on H/c has a few charts re whose buying and this
"Latest broker data attached
buyers- all pro money and instos
sellers- all retail"
Certainly nice to see some healthy green ..........well done holders :p
Declining revenues
Declining subscribers
Improved margins
Stead turn around
Consistent profits
My current price target 25 cents
This says Sky TV broadband broken
https://www.stuff.co.nz/business/300...mers-across-nz
Hallelujah it is back!!!