Buy backs are off bro:
I would contrast this strategy to stock buybacks, where a cash-rich company simply uses its money to buy back its own shares, inflating the share price, a tactic often employed by the finance sector to manage capital it considers ''excess''. As we have seen repeatedly over the past two decades, this is almost always reversed by capital raisings, at much lower prices, during the inevitable economic slowdowns. https://www.chrislee.co.nz/taking-stock
It's better to take that $200m and buy Orcon.
If Sky can get to $3 maybe they will take some script.
Sky needs to return to growth and then pay a small dividnend. This will attract the bigger investment/kiwi saver funds who will return and start buying the stock at higher and higher prices to chase yield.