At least now we can rest assured that, at these levels, any takeover offers need to be $3.50+/share to have a chance of getting approval. Might even need to be $4...and the higher the SP goes as we approach Feb, the higher the For Sale price becomes.
Sophie mentioned there was still interest in Sky...if the interest is only from vultures then I think their interest has dissipated.
But for anyone else who can see the long term value, or if acquiring Sky is a good strategic fit (i.e. to form a telco) then paying a fair price should be no issue at all.
That's a relief MrT - feels better being in the green eh
Almost a double bagger for me ...one day soon I hope
It sure does - though when I look back now it really does feel like the past 4 years has whizzed by. I never bothered checking the SP all the time before, which helped.
And it is good to see the positive movement at this stage, as I decided that after my last purchase in November I would stop buying for a few months at least - so am fully invested.
SP would need to increase by another 50% from here to get to a PE that seems reasomable, especially cosidering the imminent property sale and cash infusion.
No point checking the price too often (unless you're planning on selling). What really matters is the price at the end of Feb, which I'm fairly confident will start with a 3. Patience will continue rewarding.
No point checking the price too often (unless you're planning on selling). What really matters is the price at the end of Feb, which I'm fairly confident will start with a 3. Patience will continue rewarding.
Oh yes I agree 100%.
I am breaking my usual rule for a 'bit of fun' after so long to get it out of my system.
No intention to act on any changes in quoted value right now...two interesting events to happen in the short term:
Campus sale - interesting to see who purchased it and, of course, how much money we are being paid?
Feb 24. What additional growth opportunities are there for Sky now that she is flush again? How much capital can be returned to shareholders? How will it be returned?
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Originally Posted by uravgtrader
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