Hell, if they are REALLY good and lock this up without delay I would even be prepared to give them a 90% Prompt Payment Discount…
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SOB!!! http://nzx-prod-s7fsd7f98s.s3-websit...704/355428.pdf Just spent $300k on KMD. Cmon man!
Vocus NZ would have been a value buy at NZ$500M for SNT. But if the range they are working to is $NZ605M-$755M then they would have wanted at least $700M in a private sale.
That is a lot of money to pay for a business that is a distant fourth in the broadband rankings and does not have a mobile network of its own. Would owning such a business generate a minimum of $700M more value than the current wholesale broadband arrangement will generate? That is the question The Board would have considered, and the answer is no.
I am a big fan of the whole VocusNZ-Sky merger idea...but as I say, the price has to be right. Sky will become a telco one day I am sure, but to overpay significantly for any asset does not benefit Sky shareholders.
I like the closer ties we have with Warner. Massive amount of premium content secured, and a deal to collaborate together for Sky NZ Original content.
We will earn plenty of money over the next decade at least.
Is it?
Sky should pursue this possibility with them.
The combined entity would have way more bargaining power with the rights holders.
I would be open to it. Would be crazy if the board haven’t at least considered the idea.
Unless and until then though, just keen to see how much we get for the campus (not much by the looks of things) and how the board will return the money to us.