SKT Sky Network Television Limited.

[Quantitative Easing]

We're in "take-over" territory now that's for sure!!

Yup this will either die or be taken over. I still believe it's too valuable to let die, especially since our beloved All Blacks are on Sky.

[Quantitative Easing]

There is a strong correlation between Hotcopper and the share price. As soon as there was a cry for help on Hotcopper, asking for a "white knight' the share price capitulated. Likewise, when there was a comment saying 'takeover imminent' the share price rallied. Don't take hotcopper lightly, it will be at your own cost.

[winner69]

I have removed several buy orders as I chickened out ahead of the sinking price.
I now wonder whether its heading to the lockdown figure.....$82M....or maybe 20 or 30 % more.
Jeeze....5-7 cents by my calcs. Is that crazy ? Probably...I'll go finish the lawns.
Maybe this doesn't allow for the cash raise ?
I do feel as tho I might be going to be characterised in the same way as Winner69 here.

Yep rtm ..we both jackasses

But Ogg says Enterprise Value today is about $234m (market cap $223m plus net debt $11m)

Mistatea keeps telling us market cap dropped to $82m in April ...add $160m net debt (as per SKT preso) gives EV of $242m

So market valuing SKT on a EV basis much the same as prior to the cap raise ...an apples to apples basis too ....not surprising?

Market obviously doesn’t think any takeover likely ...and also seems to think they will to struggle on ... (maybe to their eventual demise)

Hope we not jackasses again rtm...but shareprice shouldn’t fall another 20% ....should it

[winner69]

Will the white knight in black come and save us?
]

Don’t think black cranes save things ....often deathly signs associated with black cranes

[biker]

Maybe we need an NZX price enquiry to settle the startled horses

[Entrep]

Yep rtm ..we both jackasses

But Ogg says Enterprise Value today is about $234m (market cap $223m plus net debt $11m)

Mistatea keeps telling us market cap dropped to $82m in April ...add $160m net debt (as per SKT preso) gives EV of $242m

Thanks - that is what I was trying to work out. So market effectively saying SKY $10M more valuable having done the raise.

In turn that means it hasn't really bounced like the rest of the market has, and could be due to?

No orders just following out of interest

[bull....]

way over valued at 223 m market cap. expecting it to drift to penny dreadful status soon

[Ogg]

Thanks - that is what I was trying to work out. So market effectively saying SKY $10M more valuable having done the raise.

In turn that means it hasn't really bounced like the rest of the market has, and could be due to?

No orders just following out of interest

Take into account:

1) That $87m valuation was in March. At the depths of the stock market plunge.
2) Having no debt is better than having debt from an EV assessment.
3) The company has likely made $50m+ since those numbers were released.

Market price today is effectively at all time low.

[Entrep]

way over valued at 223 m market cap. expecting it to drift to penny dreadful status soon

The trend is absolutely HORRENDOUS, but

- entrenched in about 500K kiwi homes
- very strong revenue and cashflow still
- OSB is worth something (can't remember what they paid for) and nothing like it in NZ

[Ogg]

The trend is absolutely HORRENDOUS, but

- entrenched in about 500K kiwi homes
- very strong revenue and cashflow still
- OSB is worth something (can't remember what they paid for) and nothing like it in NZ

The bull case has been spammed all over this thread.

The bear case is that Sky is obsolete.

For every seller there is a buyer.

Massive bets have taken place over the last few months.

Outcome is not clear.

Hence we're at maximum uncertainty.

"Place your bets..."