SKT Sky Network Television Limited.

**LEMON** · 22-10-2021, 01:15 PM

https://www.nzx.com/announcements/381490

Nearly got too excited, for the wrong announcement, I was hoping for a property sale there

**mistaTea** · 22-10-2021, 01:19 PM

Originally Posted by LEMON

https://www.nzx.com/announcements/381490

Nearly got too excited, for the wrong announcement, I was hoping for a property sale there

NZR free to sell their stake now.

**mistaTea** · 22-10-2021, 01:30 PM

NZR will want to get paid from the property sale first anyway...

Plus future dividends.

No benefit to them selling any time soon.

**mistaTea** · 22-10-2021, 01:42 PM

Originally Posted by Ogg

I suspect Sky would purchase their holdings if they do want out.

Well they will have more cash than you can shake a stick at soon...

**Baa_Baa** · 22-10-2021, 02:31 PM

Originally Posted by mistaTea

No benefit to them selling any time soon.

I can't remember what NZR paid for them, are they under water now?

**mistaTea** · 22-10-2021, 02:31 PM

Originally Posted by Baa_Baa

I can't remember what NZR paid for them, are they under water now?

They paid zilch.

Shares were given to them as part of the last rugby deal.

**Baa_Baa** · 22-10-2021, 02:39 PM

Originally Posted by mistaTea

They paid zilch.

Shares were given to them as part of the last rugby deal.

Right, thanks for the reminder. Given the perilous state of NZR finances, maybe they will sell the shares.

**mistaTea** · 22-10-2021, 02:57 PM

Originally Posted by Ogg

80% paper loss if they sold now.

Hopefully they do and Sky buys their holdings.

They own such a small piece of the business now relative to other corporations it really isn't much of a talking point in my view.

Whether they hold them or sell them - it doesn't mean anything anymore. If they of participated in the CR and still held over 5% of the business then that would be much more noteworth in the event of a sale.