Came in, talked a HUGE game, bagged the old CEO/team, did a rights issue at 12c, rekt the share price, and buggered off.
GOOD RIDDANCE
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Came in, talked a HUGE game, bagged the old CEO/team, did a rights issue at 12c, rekt the share price, and buggered off.
GOOD RIDDANCE
https://www.sharetrader.co.nz/attach...1&d=1598046009
MiastaT little diagram as to the future of Sky TV
A convoluted mess
Damn,i thought Martin was good for Sky.Seems we cant catch a break.
hahaha that is awesome.
Another failure by the board in their initial appointment of Stewart too
Well most of us here assumed Martin was leaving sometime next year, so I guess we should get the SP pain over and done with already. I would rather suffer this pain now vs when broadband etc has been released.
Hopefully the SP settles down a little, as I don't see this major drop as justifiable.
Right now the market is reacting to the news making the assumption that a change in CEO is bad. While sometimes this can be the case but I think this move pre broadband etc could actually be quite a good thing for the share price. Initially shares drop. Broadband is then announced new year. OSB deal is finalised in hopefully done. We then get some more positive numbers Feb/march with the interim results. We then have additional news of.... mobile. Sept rolls round annual report out. Sophie is doing a great job first female in the roll share price on the way up. It is all part of their plan to turn around the company and Martin was just the fall guy but it was his plan all along. They needed to get rid of CFO as he prob wanted Martins job.
Edit I'm really just pulling at straws