SKT Sky Network Television Limited.

[dompf]

Yes it is definitely a group of banks.

Sky would have had to present a Business Case to the the syndicate...they would have had to give all of their financials as well as earnings projections (based on various scenarios, including 'worst case').

And the syndicate of banks would have had to believe the projections to be realistic, and that their downside is minimal.

The bankers are not idiots - so yeah, it is a big vote of confidence in Sky. Not that the market has picked up on it.

Redacted for not interesting

[wilba]

is it effectively lines of credit they have available? obviously these will have an expiry/maturity date and tie into their banking covenants. just because they have $200m available, doesn't actually mean can borrow this $200m.

a quick look at their interim report and the 200m expires in july 2022, with it dropping down to 150m in july 2021.

thy syndicate providing it is BNZ, CBA and westpac. i cannot see any mention of what the required covenants are other than that the financial ratios are fluid based on their execution of the business plan from back in 2018 when it was granted

[dompf]

Shhhh. The sharesies Facebook users might be listening and realise they are missing out on a good thing. Rather than those companies not making anything cough cbd cough bgi
Lol

The folks that do their trading through Sharsies are the market as well from my point of view. Sharsies for right or wrong has brought a number of people in to investing in the market that maybe would’ve never done it and that’s a good thing.

I hate seeing people undermine that model that Sharsies have created right or wrong; if they are young or old; they are investing in companies in NZ and I’m all for it. I’m and old bear but I like the newbies coming through no matter what. It’s good for the markets no matter what IMO

[dompf]

is it effectively lines of credit they have available? obviously these will have an expiry/maturity date and tie into their banking covenants. just because they have $200m available, doesn't actually mean can borrow this $200m.

a quick look at their interim report and the 200m expires in july 2022, with it dropping down to 150m in july 2021.

thy syndicate providing it is BNZ, CBA and westpac. i cannot see any mention of what the required covenants are other than that the financial ratios are fluid based on their execution of the business plan from back in 2018 when it was granted

It isn’t the the covenants of the line it’s the fact they got it; post COVID-19. And that a bunch of banks decided they were worth giving them the line. And yes they can borrow 200m if they want.

Sky renegotiated this and advised in aug 2020 and was advised aug 2020 they are facilitated until 2023

With NO step down in facility per your post see nzx release

https://www.nzx.com/announcements/357800

[gains]

I appreciate this comment, personally started out investing over a year ago with Sharesies. Was inevitable that I began investing one day but Sharesies really did make it easy for me.

I’m looking forward to this final year report, here’s praying the satellite churn is null or at least replaced with increases in streaming’s services!

[dompf]

I appreciate this comment, personally started out investing over a year ago with Sharesies. Was inevitable that I began investing one day but Sharesies really did make it easy for me.

I’m looking forward to this final year report, here’s praying the satellite churn is null or at least replaced with increases in streaming’s services!

Yourself and many others if they own 1 share or a million are part of the market, let no one tell you any different; do research and learn off the many posters on these forums that are literally legends. (Not so much me mate)

[wilba]

It isn’t the the covenants of the line it’s the fact they got it; post COVID-19. And that a bunch of banks decided they were worth giving them the line. And yes they can borrow 200m if they want.

Sky renegotiated this and advised in aug 2020 and was advised aug 2020 they are facilitated until 2023

With NO step down in facility per your post see nzx release

https://www.nzx.com/announcements/357800

thanks for the correction

[Quantitative Easing]

I appreciate this comment, personally started out investing over a year ago with Sharesies. Was inevitable that I began investing one day but Sharesies really did make it easy for me.

I’m looking forward to this final year report, here’s praying the satellite churn is null or at least replaced with increases in streaming’s services!

Good on you mate. I think most people on Sharesies have had a good run as quite a few of them started investing in March/April. So some on sharesies probably treat the market as a casino. The market is a sacred place. No one man/woman is bigger than the market. Reading the almighty market and picking stocks is very hard and i think some of them found out the hard way on Friday with Cannasouth. If you stick to fundamentals you significantly reduce your risk though. Always have a strategy/plan and DYOR.

[Getty]

Dr Geiringer on an outcall to Longwei's home.

Ting tong.
Who's there?
Doctor.
Dr Who?
NO!, Dr Geiringer!!
Ah, so you Guy ringa me up a big BILL, huh?
'Peking of DUCK, I keep my fees DOWN, and my BILL'S as light as a FEATHER, WADDLE you say?
DUCK off, you FARANG BIRDBRAIN!!

Dr JPG

Seasick Asians are disORIENTated

[thebusinessman]

I had a little topup today with what is probably the last of my investment money for a while. Agree that things here are undervalued, by how much is hard to tell but I'm seeing >20c as obvious and perhaps the ~30c price targets from a few institutions as realistic in the short term. Of course, no one *really* knows... Also hold OCA so have my pick of the beaten stocks with high hopes!