Jeez Ogg. It wasn’t actually an offer
Printable View
At least the questions had some teeth unlike the pansy analysts at the investor day
IF the property transacts at market value or above and IF the new box rollout is a game changer and IF broadband uptake rate accelerates, and IF they take out costs as planned, I could see the share price double in 12 months.
Disc. I’m not trying to ramp but I do hold quite a few shares and I’m patient.
IMHO
Agree as well, the turnaround is progressing nicely, the results so far are very encouraging as are the 1-3 year targets. While I feel for the 'long suffering' shareholders who are unlikely to ever get their money back, those that bought into the turnaround are already well ahead and should do very well in the medium to longer term.
Happy holder with no intention of selling.
Good to know that a year or so ago PE approached Sky with an indivative offer at the $2.30+ (post consoidation equivalent) per share range. This was likely before the cap raise when Sky was vulnerable doe to the bonds coming due.
If they had of negotiated the final price would surely have been north of $2.50/share.
Now Sky is much further along their transformation journey (there is actually light at the end of the tunnel) and the Balance Sheet is clean (zero debt). So the business is worth more than it was.
And if the Board felt that the offer made was low ball back then, they must have had the view that Sky was worth $3+/share.
So if any deal was to be done now I suspect it would need to be over $3.50/share to get their attention.
That may seem 'crazy' to some given the low SP...but I am just following the logic...