SKT Sky Network Television Limited.

[Monarch]

Surely given capital was recently raised it can be later returned? If that isn’t an option then buy backs as a close second. Maybe we pay Mr Singapore to keep the price down so the buy back could mop up the non believers at good price 🌝

[Ogg]

More nibbles for Mr Singapore

[Ogg]

NZX




Off Market

[Ogg]

@ 4:59:59

[Ogg]

Sells are piling up here boys. Could go sub 17.

[Ogg]

https://app.companiesoffice.govt.nz/...C24F0D27492E8F

Put a valuation on this would you MistaTea.

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Accumulated losses $266,837,000

[Ogg]

https://app.companiesoffice.govt.nz/...C24F0D27492E8F

Put a valuation on this would you MistaTea.

I think that's just the parent/holding company though.

Mobile company should be posting their 2020 financials soon though.

https://app.companiesoffice.govt.nz/...7222/documents

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Some numbers have been posted tho:

https://www.nzherald.co.nz/business/...4XIVAUKXRVPCQ/



$1b at most tho right? 30 PE?

[Ogg]

Rough back of an envelope calculation:

Revenue:
2 Degrees $700m
Sky: $700m
Vocus $210m

Total: $1.6B

EBITA:
2 Degrees $180m
Sky: $175m
Vocus: $35.7 million

Total: $390m


Vodafone NZ was sold for $3.4 billion back in 2019
Revenue was $2.05b.
EBITDA was $463m

I would put 2 Degrees/Sky/Vocus @ $2.5b

Breakdown as followed

2 Degrees $1200m
Sky $600m
Vocus $700m

34c per share Sky valuation.

Thoughts?

[Ogg]

Maybe 2 Degrees is worth more, but then the parent company is probably worth more.

So like $1.7b for 2 Degrees, and then $3b for group.

It's likely that Vodafone NZ valuation is up 20% since 2019. So that puts Vodafone NZ at $4b-ish now. So Vodafone NZ would be worth 33% more, and then Spark is double that?

Synergies would squeeze out more value too.

[mistaTea]

Rough back of an envelope calculation:

34c per share Sky valuation.

Thoughts?

I am only interested in a deal that values my shares at...ONE MILLION DOLLARS!