SKT Sky Network Television Limited.

[RTM]

43,647 shares through today. Likely the slow start to the buyback continues….

On the subject of the buybacks.....does anyone know if there is somewhere on NZX or, perhaps the SKY site, a table that summarizes what they have bought back ?
Or do you have to trawl back through the Market Announcements....pretty boring.

[Balance]

deleted deleted

Thanks, Mel!

[Mel]

On the subject of the buybacks.....does anyone know if there is somewhere on NZX or, perhaps the SKY site, a table that summarizes what they have bought back ?
Or do you have to trawl back through the Market Announcements....pretty boring.

The Capital Change notifications will provide the updated summary - i.e.
https://www.nzx.com/announcements/409893

[RTM]

The Capital Change notifications will provide the updated summary - i.e.
https://www.nzx.com/announcements/409893

Duh,,,thanks...should have read the whole thing more carefully. Didn't see the detail in header....just looked at the data in the table.
Thanks.

[RTM]

http://nzx-prod-s7fsd7f98s.s3-websit...889/392556.pdf

Yet we don't see the same info on the SPARK ones ? Or am i miss reading that one as well ?

[RTM]

Interesting disclosure today.
1) I assume they are meeting their disclosure requirements...although this one goes back to August 22 for both NZ and Oz.
2) The price they realized - ~$2.26 for the OZ ones, $2.46 for the NZ ones is way below the current price (~$2.60).
3) If they are quitting their holding in SKY.....then ~80% of the outstanding SKY Buyback could be met with the Osmium holding

If this is the case....and they are OK with their current sell prices they disclosed ($2.26 - 2.46), then it is possible that buy back will do little to further increase the Sky Share price. Although the eps, dps etc should improve somewhat and that, in time, might take the SP higher.

Hmmmmm....is this the right way to think about this ?
What am I missing ?

RTM

[mistaTea]

Interesting disclosure today.
1) I assume they are meeting their disclosure requirements...although this one goes back to August 22 for both NZ and Oz.
2) The price they realized - ~$2.26 for the OZ ones, $2.46 for the NZ ones is way below the current price (~$2.60).
3) If they are quitting their holding in SKY.....then ~80% of the outstanding SKY Buyback could be met with the Osmium holding

If this is the case....and they are OK with their current sell prices they disclosed ($2.26 - 2.46), then it is possible that buy back will do little to further increase the Sky Share price. Although the eps, dps etc should improve somewhat and that, in time, might take the SP higher.

Hmmmmm....is this the right way to think about this ?
What am I missing ?

RTM

Well, OSMIUM clearly don't believe the predictions from some on this forum that Sky is going to hit $3 'very soon'.

Be interesting to see if Peter Kennan from Black Crane throws in the towel this year too.

[Baa_Baa]

Well, OSMIUM clearly don't believe the predictions from some on this forum that Sky is going to hit $3 'very soon'.

Be interesting to see if Peter Kennan from Black Crane throws in the towel this year too.

It is not clear at all, nor is it even credible that Osmium read Sharetrader member predictions. Osmium still have 6.87m shares, 4.732% of the company, a reduction of 1.075% of the company. That's hardly "throws in the towel". We'll never know though, now that they're under the 5% substantial holding threshold. Trust you to speculate on Black Crane, with no basis.

[mistaTea]

Deleted - no point getting into another argument

[airedale]

This week's "Listener" has a fair critique of the new box and remote by their technology writer Peter Griffin.