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08-11-2023, 09:44 AM
#14031
Last edited by Sideshow Bob; 08-11-2023 at 09:45 AM.
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08-11-2023, 09:46 AM
#14032
Originally Posted by Entrep
Balance you sold the top last week right?
Such is life, Entrep.
Going for the ride - cannot get them right all the time, hope most of the time, right?
Got to have a bit of takeover excitement once in a while in one’s portfolio.
Last edited by Balance; 08-11-2023 at 10:02 AM.
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08-11-2023, 10:09 AM
#14033
Originally Posted by winner69
One just hope it wasn't one of those reverse Trojan Horse set up where some funds got out by selling into the proposed NBIO via the NBIO being from a 'friendly to funds' party?
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08-11-2023, 10:09 AM
#14034
Last edited by haewai; 08-11-2023 at 10:08 PM.
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08-11-2023, 10:42 AM
#14035
1. Wonder how much this being a year with both Cricket and Rugby WC makes a difference.
2. "FY24 - Roll out new Sky experience"... worrying.
3. Why are they in a "significantly improved rights negotiating position"?
BTC went to $69K and now $16K. Good thing I’ve been warning you since it was $3K! I was right!
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08-11-2023, 10:57 AM
#14036
Presumably the directors can no longer buy or sell SKT shares, unless they disclose to other shareholders the price and conditions, at which the offer was made.
“Yesterday Sky received an updated NBIO from the third party (which remained highly conditional and non-binding), proposing a transaction at a value range which falls short of the Board’s view of the fair intrinsic value of Sky and, based on recent unsolicited feedback, the view of a number of Sky’s institutional shareholders”
Reading that release, I am supposing that the SKT board was happy for details of the offer to be revealed to certain large shareholders who gave the “unsolicited feedback” but not to individual shareholders.
Last edited by Bjauck; 08-11-2023 at 11:12 AM.
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08-11-2023, 11:23 AM
#14037
Don't need to know the offer to give unsolicited feedback about fair intrinsic valuation
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08-11-2023, 11:25 AM
#14038
Originally Posted by Entrep
3. Why are they in a "significantly improved rights negotiating position"?
Spark Sport.
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08-11-2023, 11:49 AM
#14039
Member
Wonder if MT can give intel on what has unraveled?
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08-11-2023, 12:13 PM
#14040
Originally Posted by snigmac
Wonder if MT can give intel on what has unraveled?
I am not privy to any inside information, so no no intel from me.
All I will say is that I was critical of them releasing to market that they had been approached when, according to the board, the discussions were very early.
You don’t do business that way - get the punters excited to pump the price so that the bidder will walk away.
The Board, Sophie et al keep their jobs this way. But who would ever want to put in a bid to buy sky now? If this is how they will treat you?
Anyway, onwards and upwards. If they can’t sell the business for whatever they perceive intrinsic value to be then, if I was an owner, I would want to know what the (good) plan is to diversify revenue streams.
In the meantime, satellite base will continue to erode in favour of cheaper streaming options.
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