You know the old story, W69 - Brokers got to keep on the right side of the corporate (Sky in this case) or else could miss out on the potential M&A fees!
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It could run back to 16 if not 17 in the short term
15c looks like a strong base here. Just slightly lower than most broker valuations. Smart money would be accumulating here and waiting for corporate activity over the coming months. Every week Sky generates about $1m. It's like having a savings account.
Not enough volume to move the SP. ASX open and punters acting on MorningStar report may push it up.
ceo stewart just brought 250000 shares this morning
Boss just brought a few.. https://www.nzx.com/announcements/359632
Martin Stewart buying at 15c
http://nzx-prod-s7fsd7f98s.s3-websit...632/330573.pdf