Could be as early as tomorrow when Infratil placement is secured.
Could be after the retail entitlement is finished.
Could be after end of financial year.
Could be never.
Printable View
If the Infratil take over did happen tomorrow, it would be like "rubbing salt into the wounds" of existing share holders.
Imagine that, the retail entitlement closes, and then the next day a take over comes.
I wish there was a market to short all these wishful ideas... I would be seriously surprised if IFT decides to buy SKY :)
I don't see a lot of downside even if there isn't a take over offer (which I do think could be likely).
Darcey as an independent director purchasing 1.5m at market is one of the best indicators something is afoot with this company.
With Super rugby one of the first sports (if not the first? - maybe the NRL) to have a crowd this weekend and a lust for live sport in general across the world I see value with this stock.
DISC holder
Could you elaborate on your thinking here a bit more?
I would have assumed now that the retail offer has happened (all applications and payments have been made by now) then the allocation of the retail shares would still have to happen no matter what now?
So even if someone like IFT came in tomorrow and said they wanted to buy sky for $X... existing retail shareholders have have applied and paid for their news shares would not be disadvantaged because they will still get their new shares?
Haha. Well I hold IFT so this might be one way to invest in SKY :)
Yes, and my new calculations are factoring my new shares plus 20% in already so better be right.
I would be happy with a 50c take over price.
If that IFT takeover actually ever happened now would be the most awkward time to do it, and I'd have to say the SKT directors are one funny bunch