I have a healthy suspicion that Sophie was behind the leak about MW.
Can you explain your reasoning here?
Good to see this deal ended and happy to pick up more shares at what should prove to be a great price. I am of the view that the board will initiate a buyback imminently to take advantage of the low price and work towards restoring shareholder goodwill. The fact they said we would be updated "no later than" the full year results reinforces my view.
I have a healthy suspicion that Sophie was behind the leak about MW.
Originally Posted by JohnnyTheHorse
Can you explain your reasoning here?
Good to see this deal ended and happy to pick up more shares at what should prove to be a great price. I am of the view that the board will initiate a buyback imminently to take advantage of the low price and work towards restoring shareholder goodwill. The fact they said we would be updated "no later than" the full year results reinforces my view.
I cannot see her as someone who would initiate or support such a dumb deal. So the best way of killing it is to leak it into the public arena and let the BOD feel the heat.
MW value heading to the toilet. They will be paying us at this rate. With the falls on the NZX, ASX, and Dow, only a fool would buy into MW. Announcement coming soon, I bet. Deal off, SKT share price will hit $2.70.
I am praying that my prophecy was not just wishful thinking. Not really religious, but feel like going to church for a while. Everything helps.
Copy post from HC, Just be thankful the BOD saw reason and ditched the imponderable notion of acquiring an indebted dog, unrelated or EPS accretive to Sky's core business. Pity they even considered it IMO and got caught out by the media for not letting shareholders know. I fear that will be the lingering afterthought here, as to whether Sky BOD and management really deserve our trust, and money, to keep on strategy and be transparent with shareholders. I give them the benefit of the doubt this time, they screwed up, got caught out, but listened to shareholders and dumped this stupid idea before it turned into a complete disaster. Write that up in the 'Lessons Learned' register and we'll be all good going forwards.
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