Originally Posted by
mistaTea
Here is the game plan...though I need my boy Ogg to come in and verify it...
Sky declare a surprise dividend of 1.5c per share in the HY result , with guidance that we get another 1.5c at FY provided things don’t deteriorate unexpectedly. That would be about $50M in total dividends next year... or ~66% of available projected underlying Owner Earnings.
The Market is pleased and Sky’s SP rises to 25c...
Then Discovery come in and offer to take Sky off our hands for 35c. Broadband has been rolled out, and OSB sold so now is the time. Gaining approval from the authorities would just be a formality...
But wait, another player comes in (Comcast?) and offers 40c! The tussle begins, with Discovery making the final successful bid for 45c. They just have to get Sky and merge it with TV3!
All ends well. Sky is in safe hands, and missusTea lets mistaTea back into the bedroom...