Originally Posted by
curious zebra
I'm assuming Sky, or any other company for that matter, can't force shareholders to take part in a buyback, so technically, if they pitched their buyback price too low, there might be nobody inclined to take part. Are they likely to make it above market price?
And surely, it's not a good look for them to have done that ridiculous capital raise at the equivalent of $1.20 ps, then, less than 2 years later, be offering to buy back those same shares at more than double the price?
I would have thought simply distributing the proceeds from a sale that hadn't happened, and wasn't looking likely to happen back in early 2020, [but has happened now] would be a better 'look' for the Board, don't you think?