Hope so - back to $1.50 will be even better.
And don’t really care about takeover.
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Wow! SKY should really learn that keeping the market informed could do wonders for the SP.
The NBR article also indicates that the property sale document should be signed shortly and that advisors have recently been appointed for a new capital management strategy.
A takeover won't necessary result in de-listing right? Would be good if shareholders can have a minimum $1 capital gain on top of a healthy dividend every year afterward. :)
What a crazy day this has been. This is turning out to be a really solid buy and hold. I have a feeling 2022 is going to be a good year for SKT.
https://www.stuff.co.nz/business/ind...s-getting-less
Good article.
Sky soon to have $155M - $175M cash available ($35M cash in bank + $70 to $80M FCF + $50M - $60M property sale).
Even if they are conservative and want to 'hang on' to $50M, they will still have around $100M to $120M free to distribute to shareholders.
$50M buyback or tax free capital return and then $50-$70M for a divvy. Even a 6% yield (2%+ more than NZME...) of the lower end divvy ($50M) would be a market cap of $800M ($4.57/share. If s/o have been reduced to 155M after a buyback then that would be $5.16/share.)
And if the market is still 'not quite convinced' and demand a divvy yield double what we have observed with NZME - then a $50M divvy would bring the market cap to $625M ($3.57/share. If s/o have been reduced to 155M after a buyback then that would be $4.03/share.)
Today has been a good day.
Well, here’s hoping everyone topped up at between $1.70 to $1.75.
Too easy.
Wishing I bought more at $1.69.
MistaTea your numbers above are getting me irrationally excited, please stop 😂
Hourly consolidation through the day, followed by price increasing on increasing volume (approx same volume in the first and last hour today) suggests we should be in for a good day tomorrow too.