guidance beaten -- so why did they say this - Sky Network Television Limited (SKT) delivered results for the twelve months ended 30 June 2020 (excluding non-cash impairment of goodwill) that were in line with guidance,
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Will be interesting the see broker recommendations for the stock. Will make or break the future of sky shares.
Patton's 3rd army has arrived.
I think it is actually within the top end of their forecast range, hence 'in line with guidance'. They've improved the outlook for 2021 of course, but that doesn't count as beating guidance. From an investor perspective, I'm gratified that their transformation milestones are being achieved. I'm just as non-plussed as anyone by the bizarre trading patterns this morning!
The Sharesies commander, after sending in all of his investors at 17c
https://www.youtube.com/watch?v=yI-P4ILkZlo
Lol @ offer vol's at low .15s increments 2400 2 orders .153. 1700 2 orders .152. Why bother.
Classic sharesies pump and dump
Anyone on tiktok? Might be Sky's only hope
This is exactly what happened.
Result was good.
Stock is still above 60 day moving average.
Noob retail/sharesies investors got spooked by the 150m lose and sold at "market price". No institutional buy liquidity as they were watching the televised presentation. Once the stock went negative, sellers piled in, thus causing more stop losses and selling. Sharesies algo went in full bear mode. We're now at 15c support level with value investors picking up the supply.
https://www.nbr.co.nz/node/227549
Decent interview. I think NBR have painted a fair view of what is happening with Sky.
Have not embellished the positives, but nor have they put a negative spin on the results.
https://www.nzherald.co.nz/business/...box=1599687887
From the article:
The CEO said Discovery Inc talked to Sky before it closed its deal to by MediaWorks' TV arm. It offered reassurances that Sky and Discovery's content partnership would not be affected.
Wonder what else they discussed? :)
New Sky TV box on the way: The good news and the bad news
https://nzherald.co.nz/business/news...ectid=12363887
looks like the lows coming into the close. not surprising bounced the other day on hope