Yeah, that is my feeling as well, they give away some freebies to keep customers numbers. And customers can be fluids on the nature of streaming.
Printable View
Didn't know this was a competition :) but if it was then I'll be ok being called a loser, as the numbers speaks for itself with my bags of SKT. Sure it's not big bags to some of the big players out there but it's still bags nonetheless.
To answer Entreps question as to when would one have bought more? Looking back I would've bought more (if I had the cashflow) at around 15c. Now at ~12.9cps I think it's a good deal, but I'll hold off, as I said I just don't understand this stock as much as I thought I did, it goes against everything I've learned, maybe I didn't learn enough or maybe SKT is going against the fundamentals, whatever it is I'll sit on the sideline for a bit for now whilst I'm trying to wrap my head around what is happening.
This to me is the long and short of why SKT is heading towards 12c first before it trends back up* again.
Remember that new investors received 18% of the institutional placement & rights issue : 179m shares at 12c on 25 May
and
underwriters obtained 100m shortfall shares on 12 June at 12c - a total of 279m shares art 12c!
It's a bonanza for the new investors and underwriters when the sp spiked as high as 19.5c intra-day* post the capital raising so it's inevitable that they have been selling down to lock in their huge profits.
Being ex insto myself, I disagree.
Most Bullish Case for Sky
This Damsel in Distress gets rescued by a white knight.
Most Bearish Case for Sky
Spark ups the ante on sports rights and Sky slowly loose their sports rights including eventually loosing NZ rugby rights.
HBO etc... starts streaming directly to the customer and Neon looses all the good meaningful shows.
Derek Handley stays on.
Satellite Customers keep decreasing as the older generation retires until both ceases to exist.
Rugbypass ends up being a hospital pass.
Truth is probably somewhere in the middle. But there are more bear cases than bull cases, hence why the downward trajectory. I am a punter though, so i do see an acquisition in the horizon.