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  1. #3561
    One Fearsome Feline winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    When its all said and done the shares continue their downtrend and from a technical perspective I think a test of their all time low of 12.5 cps looks likely.

    I struggle to see what the catalyst is for a breakout of their current downtrend ? They've raised a bunch of capital at 12.0 cents...simple logic suggests to me that's where this is headed in the short term. Shareholders just as disenfranchised as subscribers ?
    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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  2. #3562
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    Quote Originally Posted by Ogg View Post
    It's always been a cash cow. Millions in dividends were paid out...... .

    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.

  3. #3563
    Doggedly sniffing out more food Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    Directbroking seems to show on an adjusted basis all time low is about 10 cents

    I’m waiting along with RTM for something cheaper
    Thanks, yeah...make sense to wait for the downtrend to stop, whenever that might be ?
    No butts, hold no mutts, (unless they're the furry variety).

  4. #3564
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    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.

  5. #3565
    Reincarnated Panthera Snow Leopard's Avatar
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    Quote Originally Posted by winner69 View Post
    Directbroking seems to show on an adjusted basis all time low is about 10 cents

    I’m waiting along with RTM for something cheaper
    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.

    Meanwhile my $1.7M offer for the company still stands even if ASBSec keeps rejecting my buy order .
    om mani peme hum

  6. #3566
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    Quote Originally Posted by Sideshow Bob View Post
    Sharsies crowd saying SKT not worth it at any price. But BGI is still worth 9c+.....
    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.

  7. #3567
    Senior Member Entrep's Avatar
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    Quote Originally Posted by allfromacell View Post
    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.
    At which point in this down trend would you have started to buy?

    CleanShot 2020-08-03 at 09.33.44.png

    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.

    Quote Originally Posted by Snow Leopard View Post
    I am of the opinion that adjusting historical prices for SPP's is a big NO-NO...
    Absolutely! To do so otherwise is a total misrepresentation
    Last edited by Entrep; 03-08-2020 at 09:40 AM.

  8. #3568
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    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.

  9. #3569
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    Quote Originally Posted by Entrep View Post
    At which point in this down trend would you have started to buy?

    CleanShot 2020-08-03 at 09.33.44.png

    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
    I'm not advocating to buy a downtrend for the sake of it being in a downtrend, I didn't start seeing value in Sky shares until recently so my average cost base is very low.

  10. #3570
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    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.

  11. #3571
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    Quote Originally Posted by blackcap View Post
    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.
    Yeah, that is my feeling as well, they give away some freebies to keep customers numbers. And customers can be fluids on the nature of streaming.

  12. #3572
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    Quote Originally Posted by allfromacell View Post
    I'm not advocating to buy a downtrend for the sake of it being in a downtrend, I didn't start seeing value in Sky shares until recently so my average cost base is very low.
    Well done allfromacell .....done better than Akane

    Maybe Akane should answer Entreps question as well.
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  13. #3573
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    Quote Originally Posted by KJMLimited View Post
    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.
    The big players are not going put their squillions of shares to sell (or buy) on the market - that's not how they operate.
    Last edited by Balance; 03-08-2020 at 10:13 AM.

  14. #3574
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    Quote Originally Posted by winner69 View Post
    Well done allfromacell .....done better than Akane
    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.

  15. #3575
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    Quote Originally Posted by Balance View Post
    "82% of the Institutional Entitlement Offer and Placement were allocated to existing eligible institutional shareholders. The balance of new Shares were allocated to new investors."

    So new investors were allocated $21.456m or 178.8m shares at 12c.

    Only 15.7m shares traded today - at closing price of 17c, plenty more stock to come from the new investors who obtained stock at 12c to lock in their 42% profit.
    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.
    Last edited by Balance; 03-08-2020 at 10:36 AM.

  16. #3576
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    Being ex insto myself, I disagree.

  17. #3577
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    Quote Originally Posted by KJMLimited View Post
    Being ex insto myself, I disagree.
    Disagree for all you want.

    It is what it is.

  18. #3578
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    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.

  19. #3579
    Senior Member Entrep's Avatar
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    Quote Originally Posted by Quantitative Easing View Post
    Most Bearish Case for Sky

    Derek Handley stays on.

  20. #3580
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    Quote Originally Posted by Balance View Post
    The big players are not going put their squillions of shares to sell (or buy) on the market - that's not how they operate.
    As an ex-insto, I disagree.

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