The weakness is just Martin offloading his new shares, probably needs a nice big deck at his holiday home in the south of France.
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With a little luck the Market is not reacting to takeover rumours because... there is no takeover in the works.
What would really get me excited is if The Board announced a buyback program at these prices. Unlikely right now due to Covid and NZ is only at the beginning of rolling out a vaccine...
But if the SP stays low in the second half of this year, and they allocate $50M of FCF to buying back stock...
At 17c, that would be about $294M shares (~17% of the stock).
Even if the SP lifted to 20c on a buyback announcement, that is still 250M shares (14% of the stock).
I like those kinds of numbers, I like them very much.
Discovery NZ paying big bucks for the Harry and Megan Interview:
https://cdn.fullscreen.nz/aem/corpor...AND_HARRY_.pdf
Harry: "We considered moving to NZ"
Discovery better pump up it's investments in NZ. It's the place to be.
https://www.youtube.com/watch?v=IUB-wjXUREE
https://www.nzx.com/announcements/368770
Looks like Chairman has been filling up his boots on market, always good sign when insiders buy.
https://www.nzx.com/announcements/368770
Phillip bowman buying another 250000 shares. Great to see some inside buying
What's this old fart doing. You're in the way of the takeover!
https://i.imgur.com/4Ik0m3p.jpg