SKT Sky Network Television Limited.

[mistaTea]

My guess is that Osmium Partners LLC has been behind all this pulling the strings.

They probably see a NZME merger happening at some stage.

They're putting all the pieces together slowly.

Can't fool Ogg tho.

Pump the sky SP up to intrinsic value then do a straight equity merger with the paper. No cash needed.

Genius.

[jimdog31]

Vendors don't want script. They want cash. They have offshore debt to pay down after the Vocus Australia deal.

Sky has the capacity, might as well pay in cash.

would a combined sky + nzme have more borrowing capacity though? surely?

[mistaTea]

Vendors don't want script. They want cash. They have offshore debt to pay down after the Vocus Australia deal.

Sky has the capacity, might as well pay in cash.

Vocus will want cash.

But I am talking about NZME which is currently a listed business.

So they buy Orcon retail assets. SP rockets to $5 or even $6 per share…(post consolidation)

Then if you also want to add the newspaper to the Arsenal you buy it using Sky shares. The NZME shareholders will be more than happy with that.

Sky ends up being a large telco and media entity - fit to challenge Spark and Vodafone.

[mistaTea]

yeah, the script play comes after. At the moment Sky shares are worthless. They need to pump their valuation.

NZME takeover would be 2-3 years down the road. I see it happening though.

Considering the government wants to merge TVNZ and RNZ…

Sky buying/merging with other entities is inevitable.

[jimdog31]

yeah, the script play comes after. At the moment Sky shares are worthless. They need to pump their valuation.

NZME takeover would be 2-3 years down the road. I see it happening though.

Comcast would probably wanna step in before that though right? broadband is core for them, newspaper/radio not so much.

would they see the osmium play and try and move sooner?

[uravgtrader]

If the CEO has recently bought a bunch of shares, does that mean a takeover can't happen in the next wee while? I thought I saw someone mention Protocol B or something.

[jimdog31]

Anything is better than nothing.

Stock has been sitting at 14-16 for nearly two years.

All of a sudden it seems like something might be happening now.

Stock could exploded on any corperate news like this.

Hopefully CEO knows how to make a deal.

This will be her big test.

It certainly makes the Jarden involvement make sense.

and bringing James bishop in .

and having an interim CFO with no ad or serious interest in replacing him (wtf?)

and moving martin on.

Both the investor day, and the results webcast you can tell they are saying alot by what they are not saying!

Sophie buying shares obviously took care of protocol B , but definitely doesnt exclude any of the above posts.

correct me if im wrong, she was barred from buying before results aye? was that her first opportunity to buy since what date approx?

If she pulls it off shes either going to be CEO of a much larger entity or be hot property on the open market wherever complex M+A activity is going on.

[mistaTea]

If the CEO has recently bought a bunch of shares, does that mean a takeover can't happen in the next wee while? I thought I saw someone mention Protocol B or something.

Def means no deal is in the works right now…

But in time, I think some kind of a deal is inevitable.

[mistaTea]

But yeah, she is "senior management" and would obviously know what's going on to some degree.

She will be 100% across any material events or deals. Absolutely no way ELT can buy shares while the board is about to sign a major deal.

[jimdog31]

She will be 100% across any material events or deals. Absolutely no way ELT can buy shares while the board is about to sign a major deal.

Shes also director of 8 sky subsidiaries….