If they get in early they could probably pick SKY up for 25-30 cents....
Pre-covid Sky was trading at market cap equivalent~38 cents. So i would say a 30-40% premium on that would be required, which is about 49-54 cents/share.
I think what's happening is that Infratil is trying to act quickly and take over Sky before the American Giants (Comcast, Discovery) have a chance to mobilize.
The "quick vs the big."
Yeah and if they want to wrap it up quick it would need to be a strong offer - a no brainer for shareholders to accept.
Pre-covid Sky was trading at market cap equivalent~38 cents. So i would say a 30-40% premium on that would be required, which is about 49-54 cents/share.
Well if the offer is anywhere near 49 cents, if one comes, I will be taking it balls and all and saying thank you.
MT fair enough on the no brainer. But plenty of weak holders on the register now so after this rights issue its a heck of a lot easier for a potential purchaser.
Infratil could be going halves on buying Sky with Brookfield like they did with Vodafone.
In which case the ~$500M capital raise would more than cover their 50% share.
Also would make it easier to merge Vodafone and sky to make more operating savings etc if IFT and Brookfield own the same percentages of both companies?
A penny stock in the ASX called "splitit" has the same marketcap as Sky TV. The only difference is that revenue for Splitit is US$1.65 million. That's right million not billion...So 50 cents/share is still good value for the 'right' deep pocketed buyer. The only issue is sentiment is so bearish for the media industry.
A penny stock in the ASX called "splitit" has the same marketcap as Sky TV. The only difference is that revenue for Splitit is US$1.65 million. That's right million not billion...So 50 cents/share is still good value for the 'right' deep pocketed buyer. The only issue is sentiment is so bearish for the media industry.
yeah BNPL stocks have all been pumped up especially since the tencent investment in AfterPay and even before that. I wouldn't really compare valuations, they are insanely stretched over the ASX.
yeah BNPL stocks have all been pumped up especially since the tencent investment in AfterPay and even before that. I wouldn't really compare valuations, they are insanely stretched over the ASX.
The ASX is a strange one.
Yeah but i suppose ASX has a lot more choice like Afterpay, Zip, Appen etc..Good for swing traders.
Originally Posted by blackcap
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