SKT Sky Network Television Limited.

**mistaTea** · 08-12-2021, 10:48 AM

https://www.nzherald.co.nz/business/...K5BIT7J5ZHT5E/

**mistaTea** · 08-12-2021, 11:00 AM

Originally Posted by Ogg

Arie, your nemesis, has upped to $2.42, about your average now right, lol?

Yes, Suttering Stanley has put that as his mid-range target.

My 'on the table' number for Sky is $2.57.

So only 'down' about 11% right now! WHOPPEEEEE!

**JohnnyTheHorse** · 08-12-2021, 11:02 AM

A real lack of institutional selling so far today, unlike yesterday. In fact it appears they are now buyers. Huge sentiment shift with analysts starting to no longer see Sky as a dog.

**bobestm** · 08-12-2021, 11:16 AM

Where do I track/look for institutional selling?

**LaserEyeKiwi** · 08-12-2021, 11:41 AM

Originally Posted by Balance

Time to put your shares on at $2.30 which you were very happy to get a week ago?

The institutions are looking for volume and it sounds like you can provide them with that volume.

I wouldn’t sell given Sophie said on the call yesterday that “there is still interest” in response to the takeover questions

**LaserEyeKiwi** · 08-12-2021, 11:43 AM

Originally Posted by Ogg

Hence the conundrum

I guess you could sell a portion given there is obviously still a fair chance that management and/or the board once again screw the pooch.

“Dread it. Run from it. Destiny (pooman failing) arrives all the same” - Thanos.

**LaserEyeKiwi** · 08-12-2021, 11:57 AM

Originally Posted by mistaTea

I don't think it is a difficult decision.

You were elated with the 23cps offer and very angry with Sky for rejecting it.

The SP is now trading close enough to that level.

So the logical thing to do is sell.

If you choose to hang on because you are speculating that a deal is still going to come...well, then you need to put other measures in place for your mental wellbeing.

Well Oggs view IIRC was that the 23c offer would have kicked off the acquisition process which leads to a higher agreed price and potentially other higher offers from competing bidders.

**morphs** · 08-12-2021, 12:09 PM

Just got this in the Hobson Wealth daily update:
"Macquarie retain their Outperform recommendation and upgrade their target price to $4.71 to reflect the improved free cash flow outlook"