Directbroking seems to show on an adjusted basis all time low is about 10 cents
I’m waiting along with RTM for something cheaper
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With respect, that doesn't answer the Question. If you are advocating that we invest in this great company, it would be helpful to know how well you (and the average SKT shareholder) have fared.
As a SKT shareholder, what is the "continued favourable return" you claim to have achieved with your investment?
For example what has been the average % dividend return pa over (say) the last 5 yrs?
What share price gain/loss have you experienced over the same time?
Share price gain/loss % plus dividend yield % = your av percentage return. Simple.
I enjoy buying shares in downtrends, when there is good value on the table I say grab it. Sure the shares could keep falling but realistically how much downside it there really left? The shares could bounce violently on any given day while you've missed out completely not wanting to chase the SP up.
Sky at 0.127 is a good deal, I would argue almost as good as OCA was at $0.50, sometimes it just makes sense to take a good deal when it's offered.
I am of the opinion that adjusting historical prices for SPP's is a big NO-NO...
...and if you are going to do it at least apply it from the correct date, that spike is appalling. :scared:
Meanwhile my $1.7M offer for the company still stands even if ASBSec keeps rejecting my buy order :D.
This so much. A genuine business that's in the black, with a tonne of assets, now only has a market cap of $220m~
Compared to some unknown investment company that the higher management have been offloading shares left right and centre, has a momentary "market cap" of $70m... makes absolutely no sense at all.
Don't forget the sharesies crowd are the ones who invests anywhere from a few dollars to a few hundred dollars in shares and gets overjoyed when their portfolio returns are hitting double digit figures, so I would fully discount what they say most of the time, also they're the crowd who is "embracing the technology, and satellites are for boomers who has 1 foot in a coffin" mentality, naturally they would trash talk SKT as much as they could.
~12.7cps, on a business that is earning money, in this climate, and has solid plans to grow it's user base (broadband packages, NEON), I would love to buy more but somehow the "market" is dead set on burying this company 6 foot deep for no genuine reason that I can see, except chanting "it's dying, it's dying", but it's not?
Colour be confused.
At which point in this down trend would you have started to buy?
Attachment 11834
From $6.20 to $4? From $4 to $2? From $2 to $1? From $1 to 50c? From 50c to 25c? From 25c to 12.5c?
Any novice share traders should absolutely not follow the advice above.
Absolutely! To do so otherwise is a total misrepresentation
For some obscure reason (I am not complaining) Sky are still offering me free movies when they said the offer would expire on the 31st July.
When I look at the depth of the buy and sell quotes, there is never any real volume showing. E.g, at 12.9 there are 700,000 shares being sold by 5 orders. That's an average of 140,000 shares per seller with a average value of $18,000. Hardly market moving stuff normally and I assume it is retail. Whether it is sharesies I have no idea. However the buy side looks the same. The institutional holders would all have enough stock at 12c through the placement and the sub-underwrite, so they are hardly likely to step up above 13 - but the unknown is how many traded out at 14+. Disc I'm a holder at 12, 13.7 and 16, did own it way way back when it was a monopoly and sold out at $5.35. I see some value here despite it not being anywhere near that monopoly anymore. Happy to wait it out.
Didn't know this was a competition :) but if it was then I'll be ok being called a loser, as the numbers speaks for itself with my bags of SKT. Sure it's not big bags to some of the big players out there but it's still bags nonetheless.
To answer Entreps question as to when would one have bought more? Looking back I would've bought more (if I had the cashflow) at around 15c. Now at ~12.9cps I think it's a good deal, but I'll hold off, as I said I just don't understand this stock as much as I thought I did, it goes against everything I've learned, maybe I didn't learn enough or maybe SKT is going against the fundamentals, whatever it is I'll sit on the sideline for a bit for now whilst I'm trying to wrap my head around what is happening.
This to me is the long and short of why SKT is heading towards 12c first before it trends back up* again.
Remember that new investors received 18% of the institutional placement & rights issue : 179m shares at 12c on 25 May
and
underwriters obtained 100m shortfall shares on 12 June at 12c - a total of 279m shares art 12c!
It's a bonanza for the new investors and underwriters when the sp spiked as high as 19.5c intra-day* post the capital raising so it's inevitable that they have been selling down to lock in their huge profits.
Being ex insto myself, I disagree.
Most Bullish Case for Sky
This Damsel in Distress gets rescued by a white knight.
Most Bearish Case for Sky
Spark ups the ante on sports rights and Sky slowly loose their sports rights including eventually loosing NZ rugby rights.
HBO etc... starts streaming directly to the customer and Neon looses all the good meaningful shows.
Derek Handley stays on.
Satellite Customers keep decreasing as the older generation retires until both ceases to exist.
Rugbypass ends up being a hospital pass.
Truth is probably somewhere in the middle. But there are more bear cases than bull cases, hence why the downward trajectory. I am a punter though, so i do see an acquisition in the horizon.