My gut feeling is that Sky will get to NZD700m market cap. I think this was their market cap around 2017/2018. My opinion is that the company is in a stronger position now, then it was then :D
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My gut feeling is that Sky will get to NZD700m market cap. I think this was their market cap around 2017/2018. My opinion is that the company is in a stronger position now, then it was then :D
https://www.nzherald.co.nz/sport/nzm...2BV3X5HRO7WX4/
Meanwhile we keep getting closer and closer with NZME…
$700M market cap would be a 5% yield if they do pay $35M in divvie. I am not sure we quite get to $700M (the market may not be convinced that Sky can sustain a $35M payout) but we should comfortably get above $600M I think.
And if they do a buyback or capital return in June then our returns will be even higher.
Plenty to look forward to.
Perhaps I am being too pessimistic at the moment because of the history of Mr Market being overly harsh on Sky.
I note that the NZME SP is up 120% from a year ago and the main difference I see between the companies is that NZME have already started paying a dividend and are currently in the process of a buyback.
In that light, $4/share does not seem obscene at all.