I believe that was me. IkeGPS was the example I gave. I couldn't understand why it dropped so much. Then boom its up to 1.00 and a little bit back to 94 cents.
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I believe that was me. IkeGPS was the example I gave. I couldn't understand why it dropped so much. Then boom its up to 1.00 and a little bit back to 94 cents.
I think institutional investors just needed a bit of time to read the reports and interrupt them.
Retail/noob investors bailed as soon as they saw the 'bottom line net loss figure'.
Looks like it's grinding higher.
The next big event is the AGM in a month time. Hopefully they give us a trading update then. It's likely to be positive given resumption of sport and higher uptake of more valuable Sky Sport Now subscriptions. I wouldn't be surprised if they revise their earning guidance either at AGM or more likely at half year results in February.
Also i feel as though lack of sport due to Covid has made sport much more exciting. It's like getting on the piss after dry July. I was even watching some Mitre 10 cup games over the weekend.
https://i.imgur.com/eKeJK4j.jpgQuote:
This week’s Tech Insights report looks at Discovery, the soon to be owners of Mediaworks. Discovery is best known for its flagship “Discovery Channel”, with such shows as ‘Man vs Wild’ and ‘Shark Week’.
Discovery has been involved in multiple acquisitions and capital raise events. More than doubling its net debt over the last 5 years. Acquisitions have focused on a range of entertainment providers including Golf Digest, the Oprah Whimpey Network, and Euro Sport. Discovery’s major acquisition to date was their purchase of Scripps Networks Interactive for US$15.4 billion in 2018.
It is interesting to compare the performance of Discovery with other well-known content providers, many of whom have struggled to maintain growth. The obvious exception is Netflix.
We hope you enjoy this week’s Tech Insights, it will be interesting to see how this plays out and what changes Discovery makes at Mediaworks. As always, if you know anyone who would like to be added to the distribution list – please email.
https://i.imgur.com/hnfWYpz.jpg
https://imgur.com/a/syxVYIU
Thanks for sharing.
Clare Capital's EV of Sky works out to be about 0.207 nzd per share.
Also, Discovery's acquisition of Golf Digest is looks to be in the same $ range as Sky's acquisition of Rugby Pass.
Though Rugby Pass is likely to have better revenue possibilities.
Also, are we happy to reelect the two directors at the AGM?