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08-12-2021, 09:17 AM
#11341
Originally Posted by Fiordland Moose
Jarden upgrading from $1.80 to $2.42 as well.
Morningstar has had a $3.00 valuation for months so the other brokers are simply catching up.
Always like Morningstar - great outfit when it comes to SKT.
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08-12-2021, 09:19 AM
#11342
Originally Posted by winner69
Agree with you ….and hopefully sentiment will turn into bucks
Chart below …purple line with have a step up soon and no doubt the price line will follow ……hopefully this time the analysts are laggiinv the action
Is that graph right? SKT wasn't trading at about $24 at the start of 2019.
Has it been ****ed up by the capital raise??
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08-12-2021, 09:26 AM
#11343
Originally Posted by Sideshow Bob
Is that graph right? SKT wasn't trading at about $24 at the start of 2019.
Has it been ****ed up by the capital raise??
Share consolidation.
SKt has been as high as $80 in the past?
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08-12-2021, 09:49 AM
#11344
Stage set for another strong open....
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08-12-2021, 10:01 AM
#11345
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08-12-2021, 10:02 AM
#11346
Huge imbalance of Bids over offers amounts (at least on the simple market depth view I have)
87E5E21B-B117-4097-A6BF-1A3EDFFEAAC4.jpg
Last edited by LaserEyeKiwi; 08-12-2021 at 10:03 AM.
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08-12-2021, 10:06 AM
#11347
Craigs Reiterate Overweight rating $3.00
We estimate the FY22 run-rate for EPS guidance (excludes one-offs but includes annualised recurring savings) is approx. 29 cps, implying SKT is currently trading on a PE of close to 7x. This is lower than historical levels (c10x average), and in our view implies the market is not factoring the cost savings being retained, any further savings, or a stabilisation of the revenue base. This seems overly bearish in our view and we think upside risks currently outweigh the downside.
Price Target $3.00 (prev $2.30)
Our Price Target is based on a one-year forward PE of 10x. Key downside risks include satellite churn rates, rate of ARPU decline, cost of operational change, execution of technology path, and/or M&
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08-12-2021, 10:26 AM
#11348
Blue Sky mining sorta day ehh,and golden weather ahead!
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08-12-2021, 10:33 AM
#11349
Originally Posted by sb9
Hope you keep no more grudges with Pooman for rejecting the 23c takeover bid pre-share consolidation.
Well, I think a reminder to Sky that their shareholders are watching and some pressure has helped. They definitely are getting better at communicating with the market, and if the chatter on this forum (particularly from some of the larger shareholders) has helped with that then great.
Bowman looks set to redeem himself in 2022 - which is fantastic. The point made (by me anyway) about the rejection of the 23cps opening offer is not that he was necessarily 'wrong' for doing that...but that he needs to realise that he has put a floor under the price he now needs to get Sky to in order to justify the decision he made. Pure speculation here, but an opening offer of 23cps probably would have closed at 25/26cps.
So that is what Bowman now needs to get the SP above to justify not giving shareholders the opportunty to review and vote on the June offer.
The way things are going, and provided there are no major events (like lockdowns etc) then it seems that Bowman may blow well past $2.50/share and into the $3+ range. In which case, he absolutely made the right call.
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08-12-2021, 10:39 AM
#11350
I wonder if Osmium will want to start increasing their holding now.
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