For the sake of my mental health I've had to trim a bit of my holdings. It was ridiculous how much stock I had. You can expect to see more normal posts from me now.
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For the sake of my mental health I've had to trim a bit of my holdings. It was ridiculous how much stock I had. You can expect to see more normal posts from me now.
Mista tea got to Ogg yesterday with the post from yesterday. It's ok to sell down to deleverage. Sky's announcement yesterday was great and timely. They do still have a way to go but the changes happening are now showing which is great for a very hammered and unloved stock. While I believe the broadband will be a great addition to there existing service its one that will take 2-3years to build a customer base and flow through to results. Their existing bases though to start from is something many company's would envy about. The plans they come out with will be of great interest. I'm actually hoping they cut the prices well they will shave there average satallite customer price down but the pick up in customers could substantially make up for it. A resumption in dividends in the very near future does not look as crazy as it seemed only 6 months ago. NZME have done it so I can't see why sky can't. When they do make that announment next year I'd expect a similar climb to what we've seen from nzme.
My question for anyone out there is what's everyone's opinion on a share consolidation next year or after.
Share consolidation is a good idea just to change the perception of the stock out in the marketplace. It does get a little embarrassing when people say that it was $4 only a few years ago.
Ogg how much did you sell. Fair enough but surely the Take over is only a day away :)