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Zhooshing up some old-timers on the NZX

Paul McBeth
Fri, 13 Aug 2021

Earnings season might throw up some interesting surprises for some old names. (Image: Getty)
Paul McBeth
Fri, 13 Aug 2021
There’s a grab-bag of long-standing listed companies trading in the $200 million-to-$300m band that were once darlings of the market.Top of the list is Sky TV. Once a corporate titan after years of investing in its broadcast network and hoovering up premium programming rights, it was a billion-dollar company that seemed to spit out cash at will.Now it’s knocking on the door of penny stock status, trading at 16 or so cents a share, or almost $280 million, a far cry from almost a decade ago when long-time backers the Todd family sold...

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