SKT Sky Network Television Limited.

[Leftfield]

The CEO has bugger all shares.

Even I have more shares then him......

And I have even less shares than them all.....

FWIW I'm now out of SKT.... quick (unusual for me) small gain and out. Happy to watch from the sidelines. GLH.

[mistaTea]

This is how I imagine Marko reacted when Martin told him he wanted 40c...

https://gph.is/1a7D36f

[airedale]

"Zombie company" and UBS is the Zombie Master........My mind boggles, but I am well placed to take advantage of any dark deeds.

The CEO has bugger all shares.

Even I have more shares then him.

He's a pawn who's being controlled by the underwriters.

The entire board over the last couple of years have been replaced.

It's a zombie company controlled by UBS.

[Ogg]

This is how I imagine Marko reacted when Martin told him he wanted 40c...

https://gph.is/1a7D36f

This is how it actually happened...



Marko: IFT therefore sends you, meeter for your spirit,
This tun of treasure, and, in lieu of this,
Desires you let Sky that you claim
Hear no more of you

Martin: What treasure?

mistaTea: Tennis balls, my liege.

[steveb]

this thread has got seriously weird

[Cadalac123]

Holding up well for the spike

[Yoda]

Bit of a sell down begins, cashing in on a quick buck.

[Ogg]

More SPH notices today reflecting the new update of shares on issue.

As I suspected, no selling from Black Crane or Vanguard. All the activity is coming from the UBS trading desk. They are likely responsible for about 90% of the volume on the stock. Do these muppets not have anything better to do? They've shed a 2% position percentage wise. Likely by over buying in the placement then trading the excess stock 1000 times over. Lord knows how much profit they've made churning this thing over the last couple of weeks. They still own a decent position so if a take over does come it's still win/win for them.

If you take out all the 'noise', what's really happened is that a small amount of retail would have likely sold down over the last couple of weeks to raise liquidity in the placement. Replacing that volume would have been other retail speculators entering the stock. The large genuine institutional holders have held. The trading range from 14.7-23 has all been manipulated by the trading desks.

Soon the brokers will start releasing coverage on the stock. By then traders would have recovered or built up a buy position. The share registry will tighten, and the stock will rise. I suspect the company will then release an update in tandem - ordered by UBS of course.

More SPH notices will likely be released today but I'm not expecting much. It's already obvious what's happening. I doubt ACC have sold any. Morgan Stanley would have just been doing what UBS have been doing.

Pretty basic stuff here.

[Paradox]

Bit of a sell down begins, cashing in on a quick buck.

I expected 12-13c today. It may take another week to reach that level.

Disc: hold some

[Balance]

http://nzx-prod-s7fsd7f98s.s3-websit...923/324768.pdf

Looks like UBS received 62m shares at 12c as underwriter.