SKT Sky Network Television Limited.

**percy** · 27-10-2021, 11:34 AM

Originally Posted by mistaTea

Look, it's best we set expectations here so that we are not disappointed...

The Best Case Scenario

Sophie announces that we have gone unconditional on the campus sale. Sky are going to net $80M...giving Sky a cash balance of $120M. $x will be returned to shareholders by way of buyback or capital return, and the rest will be used for some 'exciting growth prospects".

The Worst Case Scenario

The property has not sold yet but we get to learn how many new te reo words Sophie has learned this month!

Great post.
Loved it.

**LEMON** · 27-10-2021, 11:43 AM

Originally Posted by mistaTea

Look, it's best we set expectations here so that we are not disappointed...

The Best Case Scenario

Sophie announces that we have gone unconditional on the campus sale. Sky are going to net $80M...giving Sky a cash balance of $120M. $x will be returned to shareholders by way of buyback or capital return, and the rest will be used for some 'exciting growth prospects".

The Worst Case Scenario

The property has not sold yet but we get to learn how many new te reo words Sophie has learned this month!

For what underlying reasons would SKT pull the plug on the sale do we think?

It's a hot property you would think they'd have gotten plenty of good offers during this market and location on the buildings

It may be sold and they have a plan going forward with the capital and would rather wait to announce it at the AGM, yet as others have pointed out the sale is price sensitive leading to an announcement sooner, unless it's not finalised as of yet

**jimdog31** · 27-10-2021, 11:45 AM

Originally Posted by mistaTea

Look, it's best we set expectations here so that we are not disappointed...

The Best Case Scenario

Sophie announces that we have gone unconditional on the campus sale. Sky are going to net $80M...giving Sky a cash balance of $120M. $x will be returned to shareholders by way of buyback or capital return, and the rest will be used for some 'exciting growth prospects".

The Worst Case Scenario

The property has not sold yet but we get to learn how many new te reo words Sophie has learned this month!

I prefer Te Real to Te Reo.

**mistaTea** · 27-10-2021, 11:48 AM

Originally Posted by LEMON

For what underlying reasons would SKT pull the plug on the sale do we think?

It's a hot property you would think they'd have gotten plenty of good offers during this market and location on the buildings

It may be sold and they have a plan going forward with the capital and would rather wait to announce it at the AGM, yet as others have pointed out the sale is price sensitive leading to an announcement sooner, unless it's not finalised as of yet

Now that you mention it...I went back to the property announcements (May and August)...and neither of them were marked as 'price sensitive'.

So perhaps they have sold it and want to reveal the 'good news' tomorrow? Perhaps they are not required to announce the sale to the market right away (as we have all assumed).

I would be absolutely stunned if they did not sell the property. They do not need 42,000 sqm moving forward as they look to trim down further.

There is a question around whether or not they are able to negotiate a fantastic price...but I cannot see a scenario where the sale gets scrapped altogether.

**LaserEyeKiwi** · 27-10-2021, 12:23 PM

“We have decided the future is in publishing! Therefore we are retaining the property and installing our own printing presses as we expect demand for the skywatch magazine will rise ten fold!”

”addtionally we think people are unlikely to want content via the internet long term, so will be building new warehouses on the site to store all the additional satellite dishes we have just ordered.”

”we have listened to our shareholders and agree the new Comcast developed SkyGlass tv is some really good ****. We will need additional warehousing on site to store the half million TVs we have ordered, and a new repair center for the expected failure rate.”

”in summary we are no longer selling the property and to finance the new initiatives we will be raising $200 million of additional capital at $1 per share”

**LEMON** · 27-10-2021, 12:23 PM

"Sky New Zealand has identified that greater value is likely to be delivered by selling all three buildings on the site as a package" in other words they've already agreed to sell all three to a buyer back in August, covid slowed the process so all will be announced tomorrow, possibly lol

**LaserEyeKiwi** · 27-10-2021, 12:26 PM

On a more serious note - what is sky using to deliver its streaming products? Whose data center & content delivery network are they using? an argument could possibly be made for the need for a data center to be based in Auckland.