SKT Sky Network Television Limited.

[mistaTea]

COVID Level 1 from midnight tonight.

Should see live crowds in the new Super Rugby competition this weekend...

[Quantitative Easing]

Pretty dodgy how the management joined in now from virtually no shares before. Guess it means that there is only one way up for this stock.

[mistaTea]

Pretty dodgy how the management joined in now from virtually no shares before. Guess it means that there is only one way up for this stock.

Disgusting that the likes of Blair (who owned 0 shares beforehand) is allowed to come in and buy @12c.

There was no need for it.

[blackcap]

Disgusting that the likes of Blair (who owned 0 shares beforehand) is allowed to come in and buy @12c.

There was no need for it.

Yep, disgusting is a pretty apt description. Would have been more equitable had existing shareholders been offered these.

I will be raising this issue with the NZSA and hopefully they will say something about it.

[mistaTea]

Yep, disgusting is a pretty apt description. Would have been more equitable had existing shareholders been offered these.

Yeah and I am not pissed off with Blair or any of the others who buy in @12c per share as part of the placement when they had no skin in the game before.

They have been presented with a ‘sweet deal’ and naturally they will take advantage of the opportunity.

It is the Board of Directors who signed this off that need a slapping. How on earth did they think that existing shareholders would look at this with anything other than disgust?

[Quantitative Easing]

I hope that as directors and senior managers they realise that their number one goal is to maximise shareholder wealth. Not to sell the shareholders down the river.

[blackcap]

I hope that as directors and senior managers they realise that their number one goal is to maximise shareholder wealth. Not to sell the shareholders down the river.

Hi QE, the problem is under the Companies Act in NZ that is not their number one goal. Number one duty of care is to the Company itself. Directors duties towards shareholders are actually very minimal.

[mistaTea]

I hope that as directors and senior managers they realise that their number one goal is to maximise shareholder wealth. Not to sell the shareholders down the river.

I guarantee you John Fellet would have never done something like this.

People like to point to the mistakes made under his stewardship, but the man definitely had his shareholders front of mind.

[Quantitative Easing]

I always wonder where the share price would be today if John Fellet was in charge at the helm. Sky didn't have a vision beyond satellite TV under him, so it would definitely be lower than what it was when he retired. But he was your classic frugal businessman that tried to bean count and maximise profits. I'm sure dividends would still be paid out under him and he would never have done a rights issue when the share price was so low to begin with.

[jonu]

I always wonder where the share price would be today if John Fellet was in charge at the helm. Sky didn't have a vision beyond satellite TV under him, so it would definitely be lower than what it was when he retired. But he was your classic frugal businessman that tried to bean count and maximise profits. I'm sure dividends would still be paid out under him and he would never have done a rights issue when the share price was so low to begin with.

You can't be sure about that at all.

Mr Fellet's stewardship over huge shareholder wealth destruction stands. When Sky's answer to thinking about forward tech was bringing Derek Handley onto the Board I lost all confidence in him. Sadly Handley still haunts the Board.