SKT Sky Network Television Limited.

[winner69]

Not many acquisitions ever work out to plan if synergies is part of the justification

Common phrase in Boardrooms post acuisition - where did all the synergies go?

[moimoi]

I had a bad dream last night..... I dreamt that a company I owned a significant amount of sold prime real estate holdings in auckland for $50m and the ability to finance off these buildings for $100m for future growth , and then used this exact amount to end up in the same position except owning a bunch of old world media, with the debt fully utilised

And despite being a Broadcaster it sells its outdoor broadcasting arm and buys an outdoor advertising business...lol

Perhaps their going stream the sport to the Billboards. ;-)

[jimdog31]

And despite being a Broadcaster it sells its outdoor broadcasting arm and buys an outdoor advertising business...lol

Perhaps their going stream the sport to the Billboards. ;-)

Flip I forgot about that!!!

They're on a yoyo diet. Slimming down so they can fatten themselves back up.

[winner69]

Director Joan has immense experience in media and radio

She'll see the wool isn't pulled over Sophie's eyes

[jimdog31]

y'all aware SKT had a conference call with analysts yesterday? anyone manage to listen in?

was surprised one was hosted for analysts only but no mention of it to the NZX or made available to shareholders.

doesn't sound like much was disclosed - wouldnt be drawn into much detail, wouldn't comment on synergies, etc, but mentioned mediaworks ~$40m of EBITDA was covid impacted

If a company was covid "impacted" how many of those companies can reasonably expect to be "un-impacted" to the same extent on the other side of covid? this is some of the most challenging times in any business ive encountered in 15 years

[mistaTea]

Director Joan has immense experience in media and radio

She'll see the wool isn't pulled over Sophie's eyes

Mate, Joan Withers looks like a cadaver.

[jimdog31]

Director Joan has immense experience in media and radio

She'll see the wool isn't pulled over Sophie's eyes

For her $100,000 how much does she actually care?

[Poet]

Seems the analysts weren't convinced by their private briefing

Another analyst raises doubts over Sky-MediaWorks deal | Stuff.co.nz

Jeez, Forbar even saying they think the shareholder ratification vote would only be triggered by $220m PLUS Debt.

What a farce, only on the NZX eh?

[Poet]

These corporate geniuses have managed to destroy $80m of sharemaket capitalisation virtually overnight, where will they stop?

[mistaTea]

Seems the analysts weren't convinced by their private briefing

Another analyst raises doubts over Sky-MediaWorks deal | Stuff.co.nz

Jeez, Forbar even saying they think the shareholder ratification vote would only be triggered by $220m PLUS Debt.

What a farce, only on the NZX eh?

$220M takeover price PLUS we get to pay off the debt??

Jesus H Christ.

Everyone on the Board need to resign and we need a new CEO.

If the takeover price is anything more than $0 they won't have shareholder support.