Pre-covid Sky was trading at market cap equivalent~38 cents. So i would say a 30-40% premium on that would be required, which is about 49-54 cents/share.
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Well if the offer is anywhere near 49 cents, if one comes, I will be taking it balls and all and saying thank you.
MT fair enough on the no brainer. But plenty of weak holders on the register now so after this rights issue its a heck of a lot easier for a potential purchaser.
Infratil could be going halves on buying Sky with Brookfield like they did with Vodafone.
In which case the ~$500M capital raise would more than cover their 50% share.
Also would make it easier to merge Vodafone and sky to make more operating savings etc if IFT and Brookfield own the same percentages of both companies?
A penny stock in the ASX called "splitit" has the same marketcap as Sky TV. The only difference is that revenue for Splitit is US$1.65 million. That's right million not billion...So 50 cents/share is still good value for the 'right' deep pocketed buyer. The only issue is sentiment is so bearish for the media industry.
When is the big pay day then?
You guys told the sharesies guys all this ....that’ll give share price a good lift