SKT Sky Network Television Limited.

[mistaTea]

Closing market cap $82M! Much lower trading volume but Christ Sky shares have been savaged!!

Fascinating times! Terrible times...but fascinating nonetheless!

[Ogg]

I finally caved today. Bought my first parcel of 72k shares at 19.4c.

It's likely to go lower tomorrow, do I average down?

[Entrep]

They will Need to cap raise via rights issue

[Ogg]

They will Need to cap raise via rights issue

That would be last resort. At least 6-9 months away. Lot of other options available. Interest rates only dropping.

Having said that, I would love them to do it now. I would subscribe in full. Dividends would likely resume soon after.

[mistaTea]

I finally caved today. Bought my first parcel of 72k shares at 19.4c.

It's likely to go lower tomorrow, do I average down?

26% return for you in one day!

Buffett could only dream!!!

[Ogg]

26% return for you in one day!

Buffett could only dream!!!

lol, yeah kind of ridiculous.

Wanted to buy some more though.

This has a tendecy to bounce and re-test the lows.

Only profit when you sell!

[mistaTea]

lol, yeah kind of ridiculous.

Wanted to buy some more though.

This has a tendecy to bounce and re-test the lows.

Only profit when you sell!

You aren't the only one who can brag mate! It's a great day for me today too! Instead of being down 80%, I am only down 75%!!

[Ogg]

Back to 19, lol. Might get the chance to top up after all.

[mistaTea]

I wonder if there is a big opportunity here for Sky with the Warriors/NRL.

If Sky choose not to claw back any of the money paid on the understanding that the NRL will sign back on for another 5 years from next year on the same terms as the last 5 years...

Win-win?

The warriors get to not go bankrupt...and Sky secure another very popular sporting code for another half decade...

[Playa]

I really hope Sky survive this,a lot of people knock them but they have been a great platform for watching sport for many years.