Yes. We have absolutely cracked the case this time…
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Some rookies probably think that the simplest explanation for how Sky will proceed is the most likely - buybacks and dividends.
But they have not absorbed the lessons freely given on this forum!!!
OBVIOUSLY the more complicated route is more likely!
Despite the CEO recently buying some shares on market, Sky are in some complicated negotiation with Vocus Group to spin off the NZ retail assets. Sky will buy these assets and then the next move a year later will be to buy the newspaper.
Even this probably won’t eventuate because Sky will almost certainly be taken over before shareholders get a chance to reap any of those rewards.
Sure, we have absolutely no reason to believe that any kind of deal is in the works. But if you don’t believe that a deal is imminent you are just an idiot quite frankly!
As a lawyer with only basic knowledge on corporate law, my understanding is that a CEO like Sophie can buy shares in a company(that they are the CEO of-and as long as all procedures are followed) if the information has been disclosed to the public (and more so if there is uncertainty in relation to the information e.g. a proposed takeover/merger which may or may not happen).
I don't have time to read that, I charge like $200-500 a hour...
Also I my opinion (to the best of my belief) is correct.
Those NZOnAir Survey results for Sky were not good. although I doubt some of the surveys findings, as it did not seem to include SkySportNow at all in the streaming video results. Were the operators of the survey so clueless they did not realize it’s a separate product to skybox subscriptions?
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Reading the comments about the OCA capital raise and the idle speculation they are doing it to buy the Sky campus. Even if that were true, the money OCA raised wouldn’t all be for purchase of the land, but also for the actual building costs which make up the bulk of the money needed to finish a new complex. I would still put the likely sale price below $50 million.