I think we should give some time before writing off some of Ogg's predictions. Maybe the takeover one should get put to the side for now though lol
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I think we should give some time before writing off some of Ogg's predictions. Maybe the takeover one should get put to the side for now though lol
I've put in some gambling money at 15.8c which got filled. There's value left in the company just needs something or someone to unlock it.
Yeah mate, this is just a bit of banter. I hope Ogg comes back soon as he has made some valuable contributions - if nothing else it has been great entertainment value.
I still think he makes strong case for why IFT should takeover Sky. I have long thought that Sky was in 'takeover' territory - and a lot the case for an IFT purchase makes sense.
It may well turn out that IFT have completely different ideas and purchasing Sky is the furtherest thing on their mind. But so what? Doesn't mean that the case presented by Ogg is necessarily 'wrong'.
Sky will either be taken over or die a slow painful death. I probably think the former will happen. Is 12 cents the floor for the share price? If so the takeover will not be that far away. There has been so many attempts at taking over sky in the past. Even now there are so many companies lurking in the background waiting to pounce. Remember this tweet my Simon Moutter:
https://twitter.com/simonmoutter/sta...17567718395904
It showed even spark was keen on taking over sky. Game has changed a little but there are still many potential buyers out there. The buyers are waiting on the sidelines. They don't want to pounce too early and pay too much...
What’s our next theory to keep us entertained for another week?
Maybe Foxtel will come in early next week and takeover? Compelling case to merge the two businesses and have a bigger trans-Tasman business.
Privately held - no pesky NZX and ASX rules to be bothered with...
Well after checking my payslip it appears the govt is continuing it's never ending "capital raising" so maybe they're looking to buy SKT. Afterall, it's much easier to run a country with complete control over the media.
It certainly has been an entertaining thread this week.
We just have to be patient Mr T. It wont happen like that. We just need to see if 12c is the actual floor. That's what these potential buyers will look at before they put in their bids. I would say give it till end of the year.
Its like this. You want to buy an Iphone xyz and you know that the price of it is decreasing every day. So why pay $1000 now when you can buy it for $800 in a year...after a certain point the price will stop going down. If we believe that this is the real bottom for sky then a takeover is a no brainier. In a corporate world you either die or get taken over. Sky is too valuable to let die.
Oh yes don’t get me wrong - I think it is still much more likely that someone is going to buy Sky. And you are right, it may be a case of watching the price action for a bit to see where things settle. Impossible to predict an exact timing on these things.
I believe that a sky tv that effectively executed the broadband strategy could be worth north of 50c a share easily. That’s without even going into Mobile.
So I am not actually too keen on a takeover right now due to the SP if someone is going to be able to come in and grab the company for 25c. That would be a terrible outcome for me.
Be that as it may - it is entirely possible that an opportunist may strike at any point.
MistaTea, I hear you talk about bundles from time to time. Maybe I’m in a minority, but I avoid them like the COVID.
I don’t want to be locked into say Broadband with someone...while I’m wanting to change to NefFlix. It’s bad enough with insurance where you can easily get a group discount....they come due at different times...and it’s hard to escape.
Of course that might be just me and my view of the world.
Thank you all for an entertaining week. My order has not been filled yet, was hopeful today. Maybe later on next week.
Will go past 20c sometime next week and gap above that indef after wednesday
- Friday Prediction