This could end up being the best performing stock this year in the local bourse
Printable View
This could end up being the best performing stock this year in the local bourse
$3.77 per share. Forecast EV/EBITDA of 4.0x + cash on hand. And, the insto's probably know this and will keep creeping.
Up 5c to $2.68
I think the sale of the property was mostly factored in so I wouldn't expect big movement before Xmas. Next jump will be in the New Year in anticipation of capital return in Feb.
Yes a lot of merit to your thought process.
If they are angling for M&A (which I think is right for Sky long term) then making the moves they are currently making to lift the SP is exactly the right approach. Foxtel have been doing exactly the same thing so that they can maximise their IPO valuation.
If I was an interested party (be it PE, a telco, Foxtel etc) I would want to make a compelling offer to buy Sky before they do any form of capital distribution to shareholders.