SKT Sky Network Television Limited.

[Quantitative Easing]

Those that stay patient and believe in this stock will be rewarded handsomely and will end up in eternal paradise. Skyhuakbar!

[Baa_Baa]

Whats their target now?

"our fair value estimate will lift to NZD 3.00 per share (or AUD 2.90 at the current exchange rate) on the day, up from the current NZD 0.30 per share"

[mikelee]

what happen to the rocket? was just wondering how it's done

[nztx]

Bit of a stand off but no one had sold down to 20.5 which is good.

Looks like accumulation bots absorbing supply.

I'm thinking that this share consolidation is for buybacks if a deal falls through.

Be b-all shares left if they do a BB after Consolidation though ?

the way things are going they may start running out of shares to cancel or consolidate ..

The good news - once a holding reach a solitary single share, it becomes a compulsary buy up & cancel ..

[mistaTea]

Be b-all shares left if they do a BB after Consolidation though ?

the way things are going they may start running out of shares to cancel or consolidate ..

Not really.

They will have about 175M shares outstanding after consolidation.

If they do a buyback, they will probably only be able to reduce that to 150M-155M depending on what the SP is when they do the buying.

[nztx]

Not really.

They will have about 175M shares outstanding after consolidation.

If they do a buyback, they will probably only be able to reduce that to 150M-155M depending on what the SP is when they do the buying.

I'm concerned for Ogg -- he may not have as many left as he thought after all the mixing, combining
and we'll have some back finishes ..

[alokdhir]

Not really.

They will have about 175M shares outstanding after consolidation.

If they do a buyback, they will probably only be able to reduce that to 150M-155M depending on what the SP is when they do the buying.

Normally share spilts are small investor friendly as it unlocks more value by making the perception of them very cheap ...works very well on some asian markets ....here consolidation ie reverse is being done ...on paper its investor unfriendly move ...dont really understand the logic ...maybe they dont like their shares being so cheap so remove one 0 ...lol

[mistaTea]

The wishful thinking in me still hopes that Sky get a massive price for the campus - $80M+.

Huge campus, proximity to CBD etc etc.

But then it does have some drawbacks with the cross lease etc. Also, it is Mt Wellington at the end of the day. As OCA shareholders will tell you on their ST forum - they wouldn't want to be anywhere near it.

But if they can at least get around the $60M mark it will be worth selling. That would give them about $100M to play with.

In that scenario, I think they would do a $50M buyback, and then reinstate a dividend policy in Feb.

[Quantitative Easing]

The wishful thinking in me still hopes that Sky get a massive price for the campus - $80M+.

Huge campus, proximity to CBD etc etc.

But then it does have some drawbacks with the cross lease etc. Also, it is Mt Wellington at the end of the day. As OCA shareholders will tell you on their ST forum - they wouldn't want to be anywhere near it.

But if they can at least get around the $60M mark it will be worth selling. That would give them about $100M to play with.

In that scenario, I think they would do a $50M buyback, and then reinstate a dividend policy in Feb.

Those OCA investors dont know the Auckland market. Mt Wellington is like Hobokken or Jersey City in Greater New York. Very well located to the CBD and it is still Auckland Isthmus. The cross-lease might be an issue though. If you're a property investor the five suburbs you look at now in Auckland for urban regeneration gains are Glen Innes, Mt Wellington, Papatoetoe, Onehunga and Avondale...

[snigmac]

Those OCA investors dont know the Auckland market. Mt Wellington is like Hobokken or Jersey City in Greater New York. Very well located to the CBD and it is still Auckland Isthmus. The cross-lease might be an issue though. If you're a property investor the five suburbs you look at now in Auckland for urban regeneration gains are Glen Innes, Mt Wellington, Papatoetoe, Onehunga and Avondale...

Being cross lease shouldn't be too big an issue. Cross lease is fee simple (but with shared owners) and can be returned to fee simple with consent and some work.