You could well be right and SKT shareholders will get about 18 cents per share in the deal. You heard it here first.
MT will kill me for saying this, but 18c isn't inconceivable as an opening offer.
I'm hoping that Discovery Inc., after being stuffed around by Brooksfield in the TV3 sale will come to the party and make a bid for Sky as an alternative way to boost their recent NZ purchase of Choice TV.
If there are two active buyers for Sky then there's a chance of a "Sky UK" type bidding war. A 40c-50c finial offer is as likely an outcome as a low ball offer of 18c.
MT will kill me for saying this, but 18c isn't inconceivable as an opening offer.
I'm hoping that Discovery Inc., after being stuffed around by Brooksfield in the TV3 sale will come to the party and make a bid for Sky as an alternative way to boost their recent NZ purchase of Choice TV.
If there are two active buyers for Sky then there's a chance of a "Sky UK" type bidding war. A 40c-50c finial offer is as likely an outcome as a low ball offer of 18c.
In this crazy situation anything is possible.
If the Board endorsed a low offer of 18c I would be shocked and disgusted - we would be better off continuing on with the current strategy...
But who knows what might happen with the various big players applying pressure.
A bunch of new instos just got in at 12c...18c represents a 50% return to them in short order so they wouldn’t mind.
But I don’t think an offer like that would get enough FOR votes in a scheme of arrangement.
Shareprice at all time record ......record low ...or was it lower last century
I wish you wouldn’t comment about things you don’t fully understand.
Your statement is so superficial.
Market capitalisation is the relevant factor in order to compare apples with apples. And before the Capital Raise sky tv’s market cap dropped to about $82M during the lockdown (about 18 or 19 cents per share as it happens due to there only being 436M shares outstanding at that time).
Sky’s market value right now is about three times that all time low. Because there are 1.74B shares outstanding the price as expressed per share is lower than before but only a complete jackass would think that is relevant.
Bookmarks