SKT Sky Network Television Limited.

**Balance** · 31-07-2020, 12:22 PM

Originally Posted by Ogg

Implying that the drop from $7 to 13c isn't capitulation enough.

Originally Posted by BigBob

I think we are looking at capitulation now. Volume up too from the last few weeks. Let's see where it settles today...

Opportunity for those with fortitude to get more shares at around 12c.

**Ogg** · 31-07-2020, 12:24 PM

I have reason to believe the selling is coming from Perpetual. They're dumping their entire position.

**Entrep** · 31-07-2020, 12:34 PM

What's the EV?

**Ogg** · 31-07-2020, 12:36 PM

Originally Posted by Entrep

What's the EV?

Approx market cap + $11m debt

**Entrep** · 31-07-2020, 12:42 PM

Originally Posted by Ogg

Approx market cap + $11m debt

Thanks, and sorry I think I wanted something else (my bad). The value less their cash and that big bit of debt due to be repaid next year or whenever.

Strip out the cash and the massive debt (cancel them out I guess) and what is left?

**Ogg** · 31-07-2020, 12:45 PM

Originally Posted by Entrep

Thanks, and sorry I think I wanted something else (my bad). The value less their cash and that big bit of debt due to be repaid next year or whenever.

Strip out the cash and the massive debt (cancel them out I guess) and what is left?

See their latest investor presentation.

They basically have $100m cash and $100m bond due next year. Small drawn down on banking facility.

Net debt is approx $11m (going off the top of my head)

**Beagle** · 31-07-2020, 01:10 PM

Never own shares in a downtrend....that said I added this to my watchlist today as at some stage the downtrend might end and it could be worth a punt once we see a clean break back above the 30 day moving average, (not in any circumstances before this as far as I am concerned), or seeing as the downtrend is so firmly entrenched I might wait for a clean break above the black line, the 100 day MA, if that ever happens ?

Plenty of systemic flaws with management's thinking...still thinking that Sport is the panacea to most of their woes. Maybe one day they will wake up and realise that there's hundreds of thousands of subscribers who couldn't care less about sport and then they can stop throwing absolutely ludicrous amounts of money at sport ?

SKTchart.jpg