https://www.reddit.com/r/PersonalFin...ders_after_41/
Seems like sentiment has changed on platforms like reddit, where sky used to get a lot of negative comments. Now it is mostly positive comments.
Printable View
https://www.reddit.com/r/PersonalFin...ders_after_41/
Seems like sentiment has changed on platforms like reddit, where sky used to get a lot of negative comments. Now it is mostly positive comments.
Sold some at $2.73, but then the bottom fell out of them, bought them back at 2.64. Should have waited for a bit longer. Oh no what is going on. Will we ever get to 3.00
Perhaps AUS tax treatment of capital return is weighing on sp movement.
Dividend and tax free payment a good outcome today. I still wonder why the tax free payment could not have been announced earlier. The only reason to delay till now is because they have a buyer and are working a deal in the background. A tax free distribution gives SKT more time (stalling) and puts more heat on a buyer with a firm deadline.
Tempting to think that but I doubt it.
Shareholders have to vote on the capital return remember. So by the time they consulted shareholders, got independent advice etc and landed on this as the best option...they probably figured they may as well wait to the FY results to announce it and then let shareholders vote on it along with all the other business on 2 November (as opposed to having to organise a special meeting etc to vote on it).
It'll be really funny if someone came up with a T/A offer in next few days, that'll set cat among pigeons.