Amen brother. You say true and I say thank ya.
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Are you expecting the people that were responsible for purchasing SkY UK for a vastly overinflated price who then watched its profits tank to come out and say “nah we screwed the pooch on that one - it was a stupid decision”. Or do you expect them to try and spin it as “it’s not about the profits” (despite using that as the original purchase rationale) “the brand name alone is worth heaps” like they appear to be doing now.
Don’t get me wrong - I would love it if they weren’t put off at all from that purchase and swooped in to buy Sky at 50c a share. I’m not investing on that basis though.
Sticks and stones bud �� as previously noted, I’m relatively comfortable with my holding!
Just for the record, I’m not sure i/me/you/we can lose…. comcast takeover = happy…. nzme merger = happy…… absolutey nothing and BAU = happy…….. building sale = happy……
Must be a bat ship crazy nutter that takes a large position when you can’t lose.
Happy being that nutter. GLTAH!
Entered a position as I thought it was deeply undervalued from both a remaining independent operation perspective and as an attractive takeover target. Now it’s nowhere near as undervalued, but still opportunity for good returns if dividend resumes or a private equity takeover emerged. I was rather disheartened following the last earnings result, but since then the market has woken up a bit.
I still think though they should split the company in two and separate the cash cow satellite business from the content rights and streaming products.
Right now
AB’s vs Boks
THIS IS WHY WE HAVE SKY!
PANTHERS leadIng STORM