SKT Sky Network Television Limited.

[see weed]

Thanks for that information. So it is safe to sell today and still be eligible for the Retail Entitlement offer. It would make sense to sell today. Then use those funds for the 12c offer.

Or maybe not.

[winner69]

Thanks for that information. So it is safe to sell today and still be eligible for the Retail Entitlement offer. It would make sense to sell today. Then use those funds for the 12c offer.

Free lunch?

[mistaTea]

Or maybe not.

If the average price you paid to acquire your current shares is greater than the current SP, then I think you are better off holding all existing shares if you can and adding your full allotment @12c.

If shares were currently trading at 21c, and you paid on average 19...then you could take the 2c profit today...then buy your full entitlement @12c, and make another profit if the shares stay above 12c after the deal is done (which it most certainly will).

Otherwise, if you paid more than the current SP...you would have to realise a loss today. The break even price of the new shares you buy will then need to be higher than if you kept your existing shares.

[Dlownz]

What's the record for most shares traded in a day for sky

[Ogg]

What's the record for most shares traded in a day for sky

Rupert Murdoch selling 169.8 million shares for $4.80

[uravgtrader]

Hi team, just to confirm, will everyone who has shares in SKT as at 25th May be eligible to take up their share of the 12c per share offer (plus if any remaining, an additional 20%) on Wednesday?

[JohnnyTheHorse]

Price is now low enough that 0.1c fractions are allowed. That's pretty cool.

[Ogg]

Ye olde sell at close and make it red trick.

Piss poor retail holders selling to raise funds at 12c.

Goldman and Co, the same crooks who got wind of the placement (and drove SP to 48c) before everyone else are likely short selling, then using their rights at 12c to cover. Will then pump it back a few days later. Rinse repeat.

Looked solid most of the day. Was trading at 4pm-ish before pre-close @VWAP 20.5c

Need a few weeks for the dust to settle.

[moimoi]

Given the company is starting out afresh by wiping out the equity of its existing shareholders, when does the notification of how many millions of the confetti shares that have been taken up by the Chairman and Directors come through..............?

(If Any)

Before or after the Retail Entitlement Offer closing.?

- Retail holders not responsible for the 2M sell at close. Price fluffed up in the day by Institutional Algo's.

- Mr.T: whats your forecast on when the company gets back to the long distant memory of a $600M Market Cap.? (Being the mid range of FY21 NPAT X 60)

[Balance]

"82% of the Institutional Entitlement Offer and Placement were allocated to existing eligible institutional shareholders. The balance of new Shares were allocated to new investors."

So new investors were allocated $21.456m or 178.8m shares at 12c.

Only 15.7m shares traded today - at closing price of 17c, plenty more stock to come from the new investors who obtained stock at 12c to lock in their 42% profit.