The only distressed asset Sky should be seriously looking at buying is its own shares.
Printable View
The only distressed asset Sky should be seriously looking at buying is its own shares.
Silly isn't it, why would they want to get loaded with debt under current economic environment when you're debt free already and have nice cash pile. Just focus on growing core business, return the cash that belongs to shareholders in some form. Don't be stupid and doing anything silly as it will never be forgiven by market.
The deal is very clearly dead with that institutional feedback. Onwards and upwards.
Good one:p
My worry is that the Board don't seem to have seen the writing on the wall, and come out saying they won't be proceeding any further. The fact that they have remained silent seems to indicate that they are still going through the due diligence as if this is a good idea. Strategically it doesn't make any sense and the market, shareholders, business analysts all say "are you out of your mind?" so no matter what the numbers say, why go any further?
Finally. Its here ..
https://hotcopper.com.au/threads/ann.../?source=email