Yes indeed - and they will do that when they enter broadband in the next few months.
Or if IFT make their move and buy them soon...
Printable View
I might give Mark a call tomorrow and see how he's getting on with the Sky/Vodafone merger.
https://www.minterellison.co.nz/people/mark-forman
Professional background:
Quote:
Advised MediaWorks (and its shareholder Oaktree Capital Management) on the merger of MediaWorks with QMS, to form a $300 million plus multi-platform media business. The transaction included a ground-breaking merger structure. Mark is a trusted advisor to MediaWorks, advising on all aspects of its business, including on the high-profile sale process for MediaWorks TV, New Zealand’s only privately owned major free to air television network.
Advised MediaWorks in connection with its joint venture with NBCUniversal in relation to the Bravo channel, which replaced Channel Four in New Zealand. This transaction was awarded Consumer, Media and Tech Deal of the Year at the 2017 New Zealand Law Awards.
Advised Brookfield Asset Management on the New Zealand aspects of its AU$5.7 billion acquisition of Healthscope. Brookfield are one of the world’s largest asset managers, and Mark is a trusted advisor to Brookfield in connection with its New Zealand transactions.
Advised Metlifecare in connection with retirement village sales, as well as its employee share scheme arrangements.
Ok I better get in before Ogg shares another one of his theories...
https://www.nzx.com/announcements/356343
SHE IS NOT BOTHERING TO STAND FOR RE-ELECTION BECAUSE BY THE TIME WE GET TO OCTOBER SKY TV WILL NO LONGER BE A LISTED COMPANY!!
IT WILL BE MERGED WITH VODAFONE AND TV3!!!!
You two are great!! Thank you both mistaTea and Ogg for your opinions on SKT. I have started to understand the covert dealings of 'big business' through both of your most interesting inputs. Long may your rivalry continue until....???
My understanding is this person is serving Brookfields Assets Management as his client in NZ.
1) Brookfield owned Oaktree and Oak Tree owned Mediaworks.
2) Vodafone is jointly owned by Brookfield and Infratil.
3) The link between Mediaworks and Vodafone can be established with Brookfield as the common (part) owner.
4) The missing link here is since Brookfields already owned Mediaworks, would they be interest to launch an interest to buy SKY?
hence the "big shake-up" as described by the outgoing CEO.
This is my first post.
Where do I start.
Firstly, the fact that board members are standing down without being replaced is a sign that things are coming to a conclusion.
It was obvious that she was brought in for the Vodafone merger as she came on board in mid 2015 and there are references to the merger all over her Linkedin profile.
https://nz.linkedin.com/in/susan-paterson-onzm-a65b8930
No need for her come October, as this company will be all "Red" not "Blue".
Just lol at her complaining she is too busy. Just look at her supposed replacement, Keith Smith, who has 100 directorships:
https://www.nzherald.co.nz/skellmax-...04676&ref=bebo
With her leaving, there's only 2 female board members. Seems like the company has no interests in having a 50/50 gender balance. No need to worry as it's all being dissolved anyway.
Just lol at "refreshing the board" when you have a zombie like Handley still rotting there. This bozo needs to go ASAP but he's too desperate for a job.
I bought more today at 14.3
I'm going down with the ship...
https://www.youtube.com/watch?v=bsi_0ey4CY4
MT will kill me for saying this, but 18c isn't inconceivable as an opening offer.
I'm hoping that Discovery Inc., after being stuffed around by Brooksfield in the TV3 sale will come to the party and make a bid for Sky as an alternative way to boost their recent NZ purchase of Choice TV.
If there are two active buyers for Sky then there's a chance of a "Sky UK" type bidding war. A 40c-50c finial offer is as likely an outcome as a low ball offer of 18c.
In this crazy situation anything is possible.
If the Board endorsed a low offer of 18c I would be shocked and disgusted - we would be better off continuing on with the current strategy...
But who knows what might happen with the various big players applying pressure.
A bunch of new instos just got in at 12c...18c represents a 50% return to them in short order so they wouldn’t mind.
But I don’t think an offer like that would get enough FOR votes in a scheme of arrangement.
Who needs SKY when we have this thread ? Entertainment plus !
Getting dangerously close to my buy price.
https://www.nzherald.co.nz/business/...ectid=12348411
"The sale of MediaWorks' TV business to US firm Discovery is close and could happen "any day now," the Herald understands."
Shareprice at all time record ......record low ...or was it lower last century
I wish you wouldn’t comment about things you don’t fully understand.
Your statement is so superficial.
Market capitalisation is the relevant factor in order to compare apples with apples. And before the Capital Raise sky tv’s market cap dropped to about $82M during the lockdown (about 18 or 19 cents per share as it happens due to there only being 436M shares outstanding at that time).
Sky’s market value right now is about three times that all time low. Because there are 1.74B shares outstanding the price as expressed per share is lower than before but only a complete jackass would think that is relevant.
Have a great day 🤗
"Any day now..."
https://www.youtube.com/watch?v=pzkS8k5iacw
I'll believe it when I see it. Dumbest move ever by Brooksfields.