I really don't know what's been going on over the last few years. Seems like everyone has been screwing around.
But Covid has now changed the media landscape. Everyone has been kicked up the butt. Time to do deals. Like when you're playing monopoly and all the properties have been bought, time to trade!
Covid really has put a question mark over all previous plans so everything should be back on the table.
If they could do a deal it'd really renew market interest in Sky and give them some leverage with Chorus is they haven't fully signed off on a deal.
I can see why a better multiple could change everything but I couldn't imagine Sky would offer Vocus a better deal for their NZ assets then what they could get through an IPO.
I genuinely hope I'm wrong.
Yeah I agree with this sentiment. Vocus want too high a price for the NZ assets, hence no sale by now even though the business has been on the block for ages.
They obviously feel that they can get a better valuation by IPO. So that does pour some cold water on a Sky TV tie up because Sky would only be able to get finance for a purchase price based on a much more reasonable EBITDA multiple.
And why would Vocus sell to Sky for a lower price than they could get by IPO?
It would be fantastic if Sky could grab Vocus NZ for a fair price, but definitely not something anyone should get too exited about at this stage.
Yeah I agree with this sentiment. Vocus want too high a price for the NZ assets, hence no sale by now even though the business has been on the block for ages.
They obviously feel that they can get a better valuation by IPO. So that does pour some cold water on a Sky TV tie up because Sky would only be able to get finance for a purchase price based on a much more reasonable EBITDA multiple.
And why would Vocus sell to Sky for a lower price than they could get by IPO?
It would be fantastic if Sky could grab Vocus NZ for a fair price, but definitely not something anyone should get too exited about at this stage.
There's a lot of good news to come from Sky over the coming 12 months so whilst an acquisition of Vocus NZ would be nice at a right price I don't think it's going to stop the share price from moving in the right direction.
There's no need for sky to try to do any form of takeover at this stage.
1. They can't afford it
2 the share price is still shot to crap do no good will come of a capital raise
3. The customer base they want to attack is there existing base. So looking after existing customers.
4. Then start poaching customers from spark, Vodafone, vocus etc. Without having to needlessly fork out 500mil for a company.
It may be a slow process and I'm not sure what there aim is for number of broadband customers but I think a slower approach is better than a take over approach
Yeah I agree with this sentiment. Vocus want too high a price for the NZ assets, hence no sale by now even though the business has been on the block for ages.
They obviously feel that they can get a better valuation by IPO. So that does pour some cold water on a Sky TV tie up because Sky would only be able to get finance for a purchase price based on a much more reasonable EBITDA multiple.
And why would Vocus sell to Sky for a lower price than they could get by IPO?
It would be fantastic if Sky could grab Vocus NZ for a fair price, but definitely not something anyone should get too exited about at this stage.
Maybe let the vendors do the IPO then the next day do a merger?
It's government agency. Just lol if you expect it on time.
Selling the vans is a goer but there could be an issue with the 10 year NEP agreement. All of the details were withheld though. Might have to change it to 5 years or something like that.
Originally Posted by Ogg
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