Good bounce in the price over the last few days. Wished I topped up again at 20c.
Just thinking through impacts. A very simplified view....The commercial revenue stream (i.e. pubs, hotels) is a lot smaller than I expected. For H1 Fy2020 the revenue from commercial was $27m. So if you assume that this line of revenue is wiped out for 6 months then that would be a $27m hit to the bottom line. On the other side residential was $299m for the half year - so that is clearly where the bigger risk is for us. Even if you assume that 10% cancel = $30m. So we could be looking at a $57m revenue hit. We then have to offset the cost savings in terms of rights etc.
Just food for thought through these very interesting times. I do think Mr Market has got Sky seriously wrong. I for one am certainly not giving up Sky when I'm locked in my house for 4+ weeks!!
Ann: SKT withdraws guidance, page-24
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$2.45 |
Change
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Mkt cap ! $337.3M | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.45 | $2.40 | $21.00K | 8.738K |
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| No. | Vol. | Price($) |
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| 1 | 1029 | $2.38 |
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