SKT Sky Network Television Limited.

[Alpha]

Selling up to residential for additional Sky subs lol.

A while ago Ogg mentioned "others" had purchased real estate near by if I am not correct. Does this mean either Sky already has a buyer for the property or are the 900 odd staff "collaborating in new ways" going to be relocated and wearing a new uniform to work in a few months?

So when I say buyer what I mean is really is Sky already being brought out. Who cares about the sale of property and thankfully we do not need comcoms permission to sell.

To me it serious does look like they are preparing for this buy out

[Habits]

Looking at sqm cost of recent commercial building sales in Mt wellington - looks like $20 million easy, probably closer to $30 million.

https://www.interest.co.nz/property/...ngton&agency=-

150 per sqm for office space yields 1.4m per ann or 4.65 percent on 30m market value... who needs zone change if selling for 30m with a sitting tenant

[LaserEyeKiwi]

150 per sqm for office space yields 1.4m per ann or 4.65 percent on 30m market value... who needs zone change if selling for 30m with a sitting tenant

I don't think it will have a tenant though - SKY are saying these a surplus to requirements.

[mistaTea]

The main building (which they are keeping) had a CV of $15.5M back in 2017.

https://www.qv.co.nz/property-search...etails/262189/

The two buildings combined have a bigger land area and more office space.

CV values aren't much to go by (they usually understate how much a buyer would actually pay to acquire the asset, often significantly so).

But I would think $30M is a bit light for what is on offer.

[Habits]

The main building (which they are keeping) had a CV of $15.5M back in 2017.

https://www.qv.co.nz/property-search...etails/262189/

The two buildings combined have a bigger land area and more office space.

CV values aren't much to go by (they usually understate how much a buyer would actually pay to acquire the asset, often significantly so).

But I would think $30M is a bit light for what is on offer.

I would be pissed off if they sold it without getting best use/highest value which in my mind would be residential use. Adjoining resiidential it is completely logical. Res zone land in outer central suburbs is achieving 2500 per sqm so 30m is totally underselling i believe. The agents will tell them what they want to hear now and then cut them down

[mistaTea]

To me it serious does look like they are preparing for this buy out

Don't say things like that mate.

You know how Ogg gets when the topic turns to takeover talk...

[Ogg]

Remember folks, Mediaworks sold off their building months before being taken over.

https://www.stuff.co.nz/business/ind...-on-the-market

I didn't even know Sky owned any property. This stock just keeps on giving.

[Alpha]

Remember folks, Mediaworks sold off their building months before being taken over.

https://www.stuff.co.nz/business/ind...-on-the-market

I didn't even know Sky owned any property. This stock just keeps on giving.

The stock that gifs but does not give. GIVE me my dam Dividend or better do the buy back. Or better do something other than drop or not move. When is this thing going ot rally after we here the numbers from Rugby, broadband.

They still havent answered me re static but search on Geekzone found the answer.

Sky common please I am becoming impatient. LOL

[mistaTea]

Remember folks, Mediaworks sold off their building months before being taken over.

https://www.stuff.co.nz/business/ind...-on-the-market

I didn't even know Sky owned any property. This stock just keeps on giving.

Well, they are definitely getting rid of unnecessary assets to make the business more sustainable (and you could argue more attractive to a suitor).

[Ogg]

GIVE me my dam Dividend or better do the buy back

Paying tax on dividends and holding this stock long term.