SKT Sky Network Television Limited.

[Entrep]

Down 5% on open as expected.

How do business leaders continually get sucked into to purchasing dying assets by the bloody bankers!!!

[Monarch]

I fail to see how this deal materially addresses the fundamental problem (in my view) of the satellite subscriber losses. The opportunity for bundling etc here seems limited.

[LoungeLizzard]

Down 5% on open as expected.

How do business leaders continually get sucked into to purchasing dying assets by the bloody bankers!!!

It's called protecting shareholders interests

[LoungeLizzard]

Here we go again. 7% off SP at a stroke. Way to go SKY.

[bottomfeeder]

Here we go again. 7% off SP at a stroke. Way to go SKY.

A bit more and it looks like a buy. Anything less than $2.25

So far $40 million wiped off market cap. We don't know the price for Media works yet. Maybe bottom dollar.

[LoungeLizzard]

A bit more and it looks like a buy. Anything less than $2.25

Yeah, might be good for traders. Not if you're trying to re-build the image of the company.

[jimdog31]

WHen we vote on this debarcle can we also call a vote of no confidence in our non resident chairman?

[cyclist]

WHen we vote on this debarcle can we also call a vote of no confidence in our non resident chairman?

Yep. Need to do a NTL on him ...

[mistaTea]

A bit more and it looks like a buy. Anything less than $2.25

So far $40 million wiped off market cap. We don't know the price for Media works yet. Maybe bottom dollar.

We do need to see the terms of the deal, but if it comes with the $100M of debt then there is no scenario where we get this company for 'bottom dollar'.

[shazam]

https://www.stuff.co.nz/business/128...ire-mediaworks

Some Sky investors on share market forum Sharetrader reacted with indifference and others with hostility to the announcement.
“Are they looking at Video-Ezy too?,” one quipped.

lol