SKT Sky Network Television Limited.

[King1212]

If it is so rosy..then the SP won't be falling everyday....since the last 5 years.....please....

[Ogg]

Here's an extract from two Kathmandu SSH.

https://i.imgur.com/YOMHs5E.jpg

It shows Morgan Stanley purchasing 2 million shares at 50 cents on the 2nd of April from the institutional placement.

Derivative contracts are then created with clients the same day. Effectively stock is borrowed and sold on market instantly, using collateral from the parent company.

Kathmandu resumes trading at around TERP. Over the coming days the stock drops as shorts are sold to new unsuspecting retail holders.

Kathmandu drops to 60.

Retail clients began to sell, and are less likely to participate in entitlement offer.

Stock is then repurchased on market at a discount and returned to Morgan Stanley on the of 9th April.

Traders then began to build a net positive position.

Retail entitlement is underwritten.

Morgan Stanley releases research report and "buy" recommendation.

Stock surges to $1.

Retail holders left wondering what the hell happened.

[Ogg]

Typo above, actually 4m shares at 50c for $2m.

This is just one company (Morgan Stanley), who happened to go over 5% and had to disclose. Doesn't count all the other institutional firms doing the same thing under the table with Kathmandu.

Take a look at shortman:

https://www.shortman.com.au/stock?q=kmd

1/3 of the company was sold short just after the placement. That's absolutely ridiculous.

Moral of the story is that Mr. Market is irrational.

I don't care if the stock drops below 12. I'm still going 120% in the entitlement.

[mistaTea]

I hope I can get 120% too...

[mistaTea]

https://www.google.co.nz/amp/s/www.n...ne-foxtel/Amp/

I expect Sky to negotiate similar broadcast extensions for NRL, rugby etc.

Sky will agree to a smaller clawback than they are entitled to so that the codes remain viable.

In return the codes commit to an extension on reasonable terms.

[blackcap]

Typo above, actually 4m shares at 50c for $2m.

This is just one company (Morgan Stanley), who happened to go over 5% and had to disclose. Doesn't count all the other institutional firms doing the same thing under the table with Kathmandu.

Take a look at shortman:

https://www.shortman.com.au/stock?q=kmd

1/3 of the company was sold short just after the placement. That's absolutely ridiculous.

Moral of the story is that Mr. Market is irrational.

I don't care if the stock drops below 12. I'm still going 120% in the entitlement.

However if you type SKT into shortman, it shows that SKT is not short at all... https://www.shortman.com.au/stock?q=skt

Might be one to keep an eye on in the coming days though.

[huxley]

In an environment where most shares have rallied 30% plus since March, it’s amazing watching the confirmation bias going on here!!

[Stranger_Danger]

In an environment where most shares have rallied 30% plus since March, it’s amazing watching the confirmation bias going on here!!

30%?

A debt free, profitable, dividend paying, low production cost gold miner like Evolution is up a lot more than that, selling a product for which demand is increasing, while the outlook for costs like labour and oil look as good as they have in ages.

A nearly debt free, profitable, dividend paying company like Kogan.com is up well over 100%, with a tailwind behind them and demand increasing and their distribution method becoming just as popular as it is cost efficient.

In neither case does the supplier sell a product where you can shift to a free version and get better selection and service than you got from the paid incumbent, who continues to dinosaur their way through life with an expense structure completely out of whack with the younger buyers' price expectations and a content distribution model that simply makes no sense in 2020.

[percy]

Great post Stranger Danger.

[Ogg]

However if you type SKT into shortman, it shows that SKT is not short at all... https://www.shortman.com.au/stock?q=skt

Might be one to keep an eye on in the coming days though.

There's a 9 day lag.