SKT Sky Network Television Limited.

[Balance]

Stock is heading back to $1.70

Only the takeover will deliver true gainz.

Hope so - back to $1.50 will be even better.

And don’t really care about takeover.

[mikelee]

Wow! SKY should really learn that keeping the market informed could do wonders for the SP.

[snigmac]

The NBR article also indicates that the property sale document should be signed shortly and that advisors have recently been appointed for a new capital management strategy.

[mikelee]

A takeover won't necessary result in de-listing right? Would be good if shareholders can have a minimum $1 capital gain on top of a healthy dividend every year afterward.

[ILoveTheIRD]

What a crazy day this has been. This is turning out to be a really solid buy and hold. I have a feeling 2022 is going to be a good year for SKT.

[mistaTea]

https://www.stuff.co.nz/business/ind...s-getting-less

Good article.

Sky soon to have $155M - $175M cash available ($35M cash in bank + $70 to $80M FCF + $50M - $60M property sale).

Even if they are conservative and want to 'hang on' to $50M, they will still have around $100M to $120M free to distribute to shareholders.

$50M buyback or tax free capital return and then $50-$70M for a divvy. Even a 6% yield (2%+ more than NZME...) of the lower end divvy ($50M) would be a market cap of $800M ($4.57/share. If s/o have been reduced to 155M after a buyback then that would be $5.16/share.)

And if the market is still 'not quite convinced' and demand a divvy yield double what we have observed with NZME - then a $50M divvy would bring the market cap to $625M ($3.57/share. If s/o have been reduced to 155M after a buyback then that would be $4.03/share.)

Today has been a good day.

[Balance]

Well, here’s hoping everyone topped up at between $1.70 to $1.75.

Too easy.

[snigmac]

Wishing I bought more at $1.69.

[Rustycage]

MistaTea your numbers above are getting me irrationally excited, please stop 😂

[JohnnyTheHorse]

Hourly consolidation through the day, followed by price increasing on increasing volume (approx same volume in the first and last hour today) suggests we should be in for a good day tomorrow too.