You must be close to putting out an SPH notice with all these top ups.
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https://www.nbr.co.nz/story/westpac-...-share-buyback
Christ I hope Sky don't do an off market tender process like Westpac are going to do.
Sky would offer a small premium to the SP (which you would expect). But the problem is that, because the SP is so low...I don't think you would get much volume as the offer price would still be low relative to the economics of the business.
So if they offer to buyback at $2/share, for example, I don't think Sky will be rushed off their feet with orders.
Better to just reduce shares on a 7:1 or 6:1 bases and then distribute $x/share (tax free!) from the money we get from the property sale that is not needed for CAPEX.
When I reflect on the fact that I own 0.155% of Sky TV...I like to imagine that I am Logan Roy...
Sky GO in the UK to be available as an app on Apple TV soon as part of their closer collaboration with Apple.
https://www.express.co.uk/life-style...pdate-Apple-TV
I think this is long overdue (and I hope SNT follow suit).
I think it becomes a key step in eventually offering Sky GO as a standalone product.
Though, under our current contracts Sky GO can only be offered as a companion app to a 'full subscription' and these are the supported devices. So that would need some working out.
But in the meantime, being able to navigate Sky GO on an Apple TV would be much nicer than having to Chromecast.
The new STB will be better than Sky GO by a wide margin...but it would be nice to get to the point where we can offer Sky GO (or something like it) to those who just fundamentally do not want a Sky STB.
Man, 'Pooman' really did screw Ogg the more I think about it :scared:
This is me putting the case to the aussies on HC that Philip needs to damn near double the current SP within the next 12 months in order for us to be better off than the deal they rejected outright earlier this year.
They both would have realised that the only way to absolutely secure Sky's future into the distant future would be to join forces with a telco. Taleover or merger.
The Board do seem slow to realise some of these things, so maybe they would be more open to it now should the opportunity arise.
I would think Vodafone could be interested to revisit the 2016 deal again if Sky was 'in play'. They definitely would not want another NZ telco getting their filthy hands on Sky.
For a long time now I have believed that whichever telco manages to eventually bag Sky will go on to become the largest telco in the country within 5 years.