SKT Sky Network Television Limited.

[mistaTea]

Martin pleased with you all


Sky’s Chief Executive, Martin Stewart said: “We are delighted with the strong support our retail shareholders have demonstrated through participating in the Offer.

Well, he was going to get his money regardless.

He should have said that Goldman and Forsyth Barr are pleased with us all. They get to snap up the large shortfall at a tidy 12c/share.

[winner69]

Well, he was going to get his money regardless.

He should have said that Goldman and Forsyth Barr are pleased with us all. They get to snap up the large shortfall at a tidy 12c/share.

Hope the share price is still more than that when they get to quit them

[Balance]

Yeah, even after those of us who applied for 120% took up their shares...there was still damn near a 25% shortfall.

"Approximately NZ$12.0 million of new Shares not taken up under the Retail Entitlement Offer have been allocated to the underwriters or to sub-underwriters procured by the underwriters."

100m shares at 12c to be given to the underwriters and sub-underwriters.

Will they hold or will they bail when they get their shares?

[Cadalac123]

"Approximately NZ$12.0 million of new Shares not taken up under the Retail Entitlement Offer have been allocated to the underwriters or to sub-underwriters procured by the underwriters."

100m shares at 12c to be given to the underwriters and sub-underwriters.

Will they hold or will they bail when they get their shares?

Basically free money for the underwriters lol

[mistaTea]

"Approximately NZ$12.0 million of new Shares not taken up under the Retail Entitlement Offer have been allocated to the underwriters or to sub-underwriters procured by the underwriters."

100m shares at 12c to be given to the underwriters and sub-underwriters.

Will they hold or will they bail when they get their shares?

I am picking they will bail as soon as they can to take the quick 'sure thing' profit.

[Balance]

Basically free money for the underwriters lol

If they sell out at, say 15c - that's a cool 25% gain or $3m underwrite payday, plus fees already collected.

Which is fair enough as they are underwriting the risk.

[blackcap]

When my big Infratil cheque arrives later today - this will be me:

Looks like IFT have saved themselves about $100m thanks to the Dow.

[Quantitative Easing]

Yup with the 2nd great sell off underway this will head south in the near term.

[winner69]

Where's Ogg

[mistaTea]

Where's Ogg

Just nipped down to his local New World to get a couple more bottles of Dom Perignon...

Cheques get written before COB today.