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11-06-2020, 01:15 PM
#2941
Originally Posted by blackcap
The bidder (if there is one) does not give two hoots what your average is The past price and investors averages is irrelevant. What is relevant is looking forward. Maybe I am being too pessimistic, however it would have made more sense to launch a bid a few weeks ago when the SP was very suppressed at 30 cents with the big debt still to pay.
But you make some good arguments as to why someone may end up paying more. Time will tell.
I have worked with Comcast, this would be an unusual transaction for them in the past, per last years investment criteria it would not fit. Things can change however I would be surprised. They have strong cashflow and plenty of opportunities in the US currently...
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11-06-2020, 01:24 PM
#2942
Originally Posted by Raz
I have worked with Comcast, this would be an unusual transaction for them in the past, per last years investment criteria it would not fit. Things can change however I would be surprised. They have strong cashflow and plenty of opportunities in the US currently...
Yeah, it is tempting to think that Comcast might be interested in Sky NZ because they purchased Sky UK.
But Sky UK is a completely different business, and has much more upside potential. They operate in a market of half a billion people for one. Plus they were already a triple play provider when Comcast decided to slug it out with Fox.
Buying Sky NZ could happen because the asset is so cheap in USD and there is a strong potential for upside. But even if Sky NZ tripled in value, it wouldn't move the needle for Comcast.
Wouldn't be shocking at all if they did come in one day and make a play for Sky...but I doubt they are thinking about little old Sky NZ nearly as much as we are!!
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11-06-2020, 01:26 PM
#2943
News Corporation might be interested. Might give Rupert a call.
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11-06-2020, 01:32 PM
#2944
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11-06-2020, 01:34 PM
#2945
Originally Posted by Ogg
News Corporation might be interested. Might give Rupert a call.
He has alligators biting at him from every conceivable corner! Talk is of him selling out, not buying in. 😳
Remember he sold out of SKT in 2013 for a cool $815m.
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11-06-2020, 01:34 PM
#2946
Got filled at 18.3. I'm running out of pockets to fit all these Sky shares in!
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11-06-2020, 01:38 PM
#2947
Originally Posted by Balance
He has alligators biting at him from every conceivable corner! Talk is of him selling out, not buying in.
Remember he sold out of SKT in 2013 for a cool $815m.
He own's 50% of Foxtel with Telstra. $2b of debt on the books I think.
Maybe he'll buy Sky NZ and load it up the debt, then flog it back off in 5 years time on the NZX.
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11-06-2020, 01:41 PM
#2948
Member
Originally Posted by Balance
For the traders, notice how SKT gets bought up on NZX each morning but gets sold down in the afternoon after ASX has opened?
Wonder how many of the 12c shares went to Australian institutions.
Similar story today. Might top myself up later....
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11-06-2020, 01:49 PM
#2949
Originally Posted by Not The Chosen One
Similar story today. Might top myself up later....
Good day to be buying. Taking an expected breather alongside a down day on NZX. I have topped up at 18.2
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11-06-2020, 02:00 PM
#2950
Originally Posted by jonu
Good day to be buying. Taking an expected breather alongside a down day on NZX. I have topped up at 18.2
Agree, stupidly did a market buy yesterday then got called into a meeting so couldn't cancel it when didn't fill - ended up filling at 19.3 instead of 18.3 :/ Resold at 19.3 today and re-bought at 18.4 for a few more shares and less of a - on the portfolio, may re-add if there's a big dumping from the new 12c holders when those are received
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