Short term it's not ideal. But surely you of all people know that there are hardware upgrade cycles in this sort of business?
I'm comfortable enough with the rate of attrition slowing in the legacy biz. The boxes are likely due an upgrade, and given the subscriber base is not vanishing overnight, it's likely worthwhile.
They are making the right moves though (as opposed to buying boomer assets at the peak prices):
- Buyback
- Returning FCF to shareholders
- Owning/buying key content rights
- Finding areas of savings/operational efficiencies
If they even manage $20m of the $35m quoted, it would be a huge win. And a much more valuable business after it's all done.
Short term it's not ideal. But surely you of all people know...
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Last
$2.31 |
Change
-0.070(2.94%) |
Mkt cap ! $319.4M | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.36 | $2.31 | $20.24K | 8.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120 | $2.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.44 | 830 | 1 |
View Market Depth
| Last trade - 14.57pm 22/05/2024 (20 minute delay) ? |
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Last
$2.34 |
Change
-0.070 ( 1.27 %) |
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| Open | High | Low | Volume | ||
| $2.35 | $2.37 | $2.31 | 1622 | ||
| Last updated 14.59pm 22/05/2024 ? | |||||
| SKT (ASX) Chart |