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11-11-2021, 10:43 AM
#11031
Originally Posted by Ogg
I swear the SP is down because of PK. He's to blame for all of this.
If he dumps any more stock I am going to start referring to his intials as PK from The Power of One.
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11-11-2021, 10:46 AM
#11032
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11-11-2021, 10:46 AM
#11033
Originally Posted by mistaTea
Ok now you are just turning me on.
So you are saying why get dividends that would almost certainly lift the SP (the milk?) when Sky should just not pay me that and I get a...what? takeover instead? (the cow??)
I don't really get the cow though do I because after a one-off pay day for my shares I don't own the cow anymore...
The milk may (or may not) lift the sp while the cow is definitely worth a lot more when it is involved in M&A.
I can recall SKT being one of my best performing stocks when it was burning through cash building up subscriber numbers and not paying a single cent of dividend.
It's all about the squeeze.
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11-11-2021, 10:47 AM
#11034
Originally Posted by Quantitative Easing
We don't care if you learnt a new Te Reo word.
Blonde-haired, blue-eyed Sophie living in the Aryan capital of NZ must make sure the Maoris feel included and loved by Pakeha Inc.
It has really helped shift the brand proposition and lift the SP! Not.
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11-11-2021, 10:49 AM
#11035
Originally Posted by mistaTea
Blonde-haired, blue-eyed Sophie living in the Aryan capital of NZ must make sure the Maoris feel included and loved by Pakeha Inc.
It has really helped shift the brand proposition and lift the SP! Not.
All the freaking media are into this Te Reo shxt these days - just so they are in the government's good book for the taxpayers' hand out.
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11-11-2021, 10:50 AM
#11036
Originally Posted by LoungeLizzard
Conversely the SP will strengthen back to $2.20-$2.30 as soon as they announce a return to regular dividends and perhaps a special dividend. It's a no-brainer, which is just as well as the Board seem to be operating without one at the moment.
Yes, but don't forget they had an opening offer of $2.30 in June.
So to deliver value to sharehoders now they actually need to implement policies (return of capital from campus sale and divvy) that get the SP above $2.30.
Anything at or below that and we would have been better off negotiating with PE. Almost certainly would have gotten them to raise their bid to $2.50+.
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11-11-2021, 10:59 AM
#11037
Originally Posted by Balance
Ironically, the delay in sale of the property could have worked very well in SKT's favor.
Development land prices in Auckland have gone berserk since the joint announcement by Labour & National about further intensification & housing density rules for the main centres.
Deal should be wrapped up by now, but unfortunately when they Zoom granddad to discuss the latest offer it is 2am for him and he is very tired, grumpy and not thinking straight.
So it is just taking longer to do is all.
Nothing to worry about.
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11-11-2021, 11:01 AM
#11038
Banned
Originally Posted by mistaTea
Yes, but don't forget they had an opening offer of $2.30 in June.
So to deliver value to sharehoders now they actually need to implement policies (return of capital from campus sale and divvy) that get the SP above $2.30.
Anything at or below that and we would have been better off negotiating with PE. Almost certainly would have gotten them to raise their bid to $2.50+.
That offer has been and gone. Most of us would be happy to establish a new floor around $2.20-$2.30. But you're right that the business is worth $2.50 plus, even perhaps as much as $3.00 long term. It just needs a board that can inspire investor confidence that they are acting in shareholders best interests. They've cleaned the balance sheet, consolidated shares, reduced head count, got content deals wrapped up for next couple of years. Now the focus needs to be on getting the SP up where it belongs. The property deal is crucial to release funds. After that it should be plain sailing even with this ship of fools.
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11-11-2021, 11:37 AM
#11039
Member
Originally Posted by Ogg
Sophie Pooloney has to go!!
ZERO CEO experience. Just another babbling lawyer.
Chief People Officer while all that BS was happening behind the scenes.
Seriously, how did she get elected? She was just thrown in there when Martin bailed.
I think Mistatea should be the CEO and you should be the chairman. Moloney and Bowman out. It feels like as shareholders we are stuck in Soweto while the management gets to enjoy life in Sandton.
Gimme hope Mistatea
Hope Mistatea
Gimme hope Mistatea
'Fore the takeover to come
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11-11-2021, 03:08 PM
#11040
Originally Posted by Quantitative Easing
I think Mistatea should be the CEO and you should be the chairman. Moloney and Bowman out. It feels like as shareholders we are stuck in Soweto while the management gets to enjoy life in Sandton.
Gimme hope Mistatea
Hope Mistatea
Gimme hope Mistatea
'Fore the takeover to come
I would want to be Chairman & CEO like at Berkshire Hathaway.
I could turn Sky into a $500M business in short order:
- Wrap up property sale. $50m capital return - Cancel 25M shares and pay each shareholder $2/share for each forfeit share. Essentially a one-off tax free divvy for shareholders that allows us to further reduce s/o to ~150M.
- Leverage the Balance Sheet for new initiatives like Sky Mobile as well as remaining costs to launch the new STB. $20M-$25M should do it very comfortably.
- Reintroduce a sustainable dividend. Probably start with $30M (split $15M every 6 months). A 6% yield would push the market cap to $500M ($3.33/share based on 150M s/o post capital return). Plenty of room to grow this divvy over time.
Then aggressively pursue merger opportunities.
You don't need to be a genius.
Last edited by mistaTea; 11-11-2021 at 03:11 PM.
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