SKT Sky Network Television Limited.

[mistaTea]

Do not fear fellow shareholders...!

Surely Sky TV are not diminished in their capabilities so much that they are unable to even sell property in Auckland's booming market!

We will sell it, and we will be paid handsomely. I can almost taste it.

Let's just hope that they have a meaningful update about it by Thursday (hopefully confirmation that the sale has gone unconditional with details of the sale price).

[mistaTea]

Prospective buyers of the property are worried about the changing industry landscape and the threat of competition so they have decided to reduce their offer to considerably blow market price.

They have told Sky that people aren't living on land as much anymore...Covid has changed the trend so more people are living on boats or considering a move to Mars now.

So the land the Mt Wellington campus occupies is almost worthless. Only old people will continue living on land (and will be prepared to pay handsomely for the privilege), but once they cark it then it's all over red rover for land.

Man, we really can't catch a break can we?

[mistaTea]

Next on the agenda:

Sky to raise $100m in a placement @ 12 cents to buy CricketPass

No retail offer.

Don't forget we also have to give 5% of the business to Horny Warney as part of the deal...

[mistaTea]

We should all make our predictions now as to how much the land sells for...since we are so close to the AGM.

I think they will get $85M (excluding fees etc). They should get close enough to $2000/sqm.

[Balance]

SP under pressure leading to the ASM.

Word has gotten out that bad news is on the way?

[mistaTea]

SP under pressure leading to the ASM.

Word has gotten out that bad news is on the way?

Not likely.

For Sky, it is usually good news that causes the SP to drop most severely in my experience...

[mistaTea]

SP under pressure leading to the ASM.

Word has gotten out that bad news is on the way?

And LOLLLLLL.

SP drops 1% and it is "under pressure".

Christ Almighty.

[Balance]

And LOLLLLLL.

SP drops 1% and it is "under pressure".

Christ Almighty.

Been steadily dropping since sp consolidation. That's what I meant.

[mistaTea]

Been steadily dropping since sp consolidation. That's what I meant.

Well it sure aint what you said

[Balance]

Well it sure aint what you said

Down 3.1% now - at this rate, it will be $1.75 by ASM date?