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13-08-2020, 09:09 AM
#3901
Rule 3.5.1 states an issuer must release their result no later than 60 days after year end, which would be Sat 29 Aug - the waiver was granted early April.
[Edit: ignore this: Did they get a waiver and/or reporting extension last year?]
Last edited by Ferg; 13-08-2020 at 09:12 AM.
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13-08-2020, 09:15 AM
#3902
It's a covid waiver.
Auckland did go into lockdown.
Plausibly they just asked for more time because of that.
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13-08-2020, 09:19 AM
#3903
Originally Posted by Ogg
It's a covid waiver.
Auckland did go into lockdown.
Plausibly they just asked for more time because of that.
So does this now mean that nobody is stealing my business from me with a low ball pennies-on-the-dollar offer?!
I can’t keep up.
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13-08-2020, 09:28 AM
#3904
Originally Posted by mistaTea
So does this now mean that nobody is stealing my business from me with a low ball pennies-on-the-dollar offer?!
I can’t keep up.
NEP just stole OSB off you.
Sky is getting asset stripped like Mediaworks.
Thankfully, the satellite business has value, like a large empty section in Auckland.
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13-08-2020, 09:40 AM
#3905
The ongoing saga some of you guys create has more twists and turns than a Shakespearian play.
Keep up the good work!
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13-08-2020, 10:59 AM
#3906
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13-08-2020, 11:06 AM
#3907
Member
Originally Posted by Ogg
I was told by Forsyth Barr that the 21st was the date. Maybe they got it from the news article.
Pushing it to the 10th and using waivers is unusual.
They've given guidance as well, so it's not like they need more time to do the numbers.
When the Opus takeover came, it came on the same day as results.
But hey, me and my conspiracy theories...
Maybe they fired too many people and now there's just one guy doing all the paper work...
Opus (much like Sky) was heavily undervalued at the time. Market cap was like 100m on a company that made 400m in revenue and a dividend yield of over 7% at that stage. Margins weren't that great but it had a lot of potential.
Sky fits in the same boat, perhaps even more undervalued. Opus has become better than Beca after WSP took over and now have a lion share of the big projects in NZ...like CRL, Manawatu Gorge upgrade etc...Opus would be far worse now if WSP didn't buy them out. Sky will become better and more liked by analysts after some big fish takes over it as well. We need big backing and money to take on Spark..
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13-08-2020, 11:06 AM
#3908
Originally Posted by Akane
I can sense a hint of disappointment in Ogg's posts.......
If the takeover doesn't happen by the 10th, I'm gonna organise a coup d'état and roll Martin.
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13-08-2020, 11:14 AM
#3909
.....patience dear OGG, patience. I think we're ALL of the consensus it's just a simple matter of WHEN not IF now.
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13-08-2020, 11:27 AM
#3910
Member
Since the share price is so low it could easily be a hostile takeover like how Suncorp tried to buy out tower few years ago.
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