Same thinking here, SKT in or out of Index doesn't really matter under current market dynamics at play
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Imagine if SKT was removed and cannasouth was added into NZX50. What a joke that would be.
Stock has been in the dumps for a while. Most funds would be underweight in this already. The $159m placement would have wiped most of them out. Any overhang would likely be absorbed. Just look at the price action today, most other companies in the red, Sky trading in the green. With such a small market cap it wouldn't take much to move it either way. If it does get dropped from the NZX50, which I hope it does, it would very much be a catalyst for a takeover. The company doing the takeover would make sure to highlight that in any proposal.
Anyway, it's likely the re-balance is delayed because of Covid. Lots of companies are reporting late this earning season.
Who else is getting spammed with ads for Disney's new film Mulan?
https://www.youtube.com/watch?v=KK8FHdFluOQ
$50 to watch this as you need premier and Disney+ subscription!
Disney+ is cheap bro!...
https://i.pinimg.com/originals/6a/45...a7ca283d48.jpg
Possibly some merit to this comment.
To me it does look very odd to go from the role of CFO to a consultant ("strategic" or not). Especially after being in the CFO role for a relatively short period of time.
I am sure Blair is capable enough, but he certainly never 'wowed' me on the occassions I met him.
The first being where I met him at Head Office and ended up educating him with the lovely diagram that winner69 thinks is awesome. I also went to great lengths in that meeting (and subsequent emails) to explain to him that I am a long-term investor, not a stock trader or speculator etc.
Fast forward to the last AGM. I catch up with Blair again (he was kind enough to introduce me to Martin - MS and I had a good chat, he then included the new Chairman in the conversation. Overall a positive experience for me).
Anyway, before I got to chatting with MS...Blair starts talking to me about the recent SP movement. Recall that when it was announced that Spark won the domestic cricket the SP fell from $1.10 to 85c. Later, when it was confirmed that Sky retained the rugby the SP bounced back to $1.10 (it would ultimately fall again...and keep falling...).
So during the chat I confirmed that I snapped up a fair few shares at 85c. He gives me this big beaming smile and starts going on about what a "nice little gain you got there" when it bounced back to $1.10 (it was still ~$1.10 at the time of the AGM).
I just looked at him somewhat horrified. First of all...as I had told Blair on many occassions - I don't give a tinkers toss about short-term SP movements. Like, I literally don't care.
Second, even with the "nice little gain" at that time of the recent shares I bought, I was still down overall. So it was a dumb f&ck thing to say.
So yeah, as I say - he is bright enough I suppose - but def not amazing.
Christ you are really gonna rip into a guy for saying nice gains? I'm assuming it was an off the cuff comment, and either way who cares. Wow.
Sky up 0.7% today
Check out dem gains!
http://nzx-prod-s7fsd7f98s.s3-websit...285/330139.pdf
SKO in, NZR out
PEB miss out, SKT still in 😊
Nooooo... and I encourage you to re-read my post to refresh your memory on the context.
The point I was making is that, despite me explaining to Blair on a number of occassions that I am long term and don't care about SP...at the AGM his default was to talk to me like I am a speculator/trader. It was disappointing and also reveals how he thinks about stocks...
That is, he puts a lot of weight on short term price movements ("nice little gains").
Personally, I don't think that makes for a wonderful CFO. An 'OK' CFO, sure...but not a great one.
Just my opinion.
So if SKT doubles OR triples its SP, then SKT will stay in?
If all funds already dumped some weights, SKT stays in this year, they have to buy back?
WHERE ARE SHARESIES MEMBERS???
LET'S DO THIS!
No doubt, and he is a friendly chap. A nice guy. I don't at all mean for this to come across as a personal "I hate Blair" attack. I really don't, I am just sharing some experiences with fellow posters - having had a number of exchanges with Blair, the way he seemed to view the stock market never really did sit well with me.
Just my personal view, perhaps I am over-thinking it.
Ain't that the truth!
Crack up.....
You're a really good lad MistaTea. I know you don't have any ill intentions towards Blair. I think based on your observations it looks like that Blair isn't really buying into the Sky business. I think Martin believes in the business though and John F was a strong backer of the business. Sky was John's baby after all. I would be very surprised if the share price doesn't go up after the results announcement next week. The day of judgement is not too far away. I think by next Friday we will be in paradise MrT, god-willing.
Why are institutions doing mass selling before a results announcement, are they expecting it to be very bad news?
Martin is def a big believer.
The man has this intense energy about him. Whether he is ultimately successful with SKY NZ is yet to be seen...but imo we are very lucky to have a man of his calibre and passion leading the company now.
I am also still a big fan of John F - but given he (wisely) decided to hand over the reigns, I am very happy that he found Martin.
Thinking of Peter and Isaiah —
To this you were called, because Christ suffered for you, leaving you an example, that you should follow in his steps.
“He committed no sin,and no deceit was found in his mouth.”
When they hurled their insults at him, he did not retaliate; when he suffered, he made no threats. Instead, he entrusted himself to him who judges justly.
“He himself bore our sins” in his body on the cross, so that we might die to sins and live for righteousness; “by his wounds you have been healed.”
For “you were like sheep going astray,” but now you have returned to the Shepherd and Overseer of your souls.
MediaWorks sold to Discovery:
https://www.newshub.co.nz/home/new-z...overy-inc.html
Next is Sky.
Anyone know how much discovery paid for mediaworks?
Likely $1 given the amount of debt they had.
https://app.companiesoffice.govt.nz/...0F448ADF76C9AC
The question is what happens next?
Brooksfield's now freed up to make a move with Infratil on Sky. Will it happen this week?
Does Discovery buy Sky or pull it's content?
What does ComCom say about all this?
What's NBCUniversal next move defense move? It also has channels in NZ.
I think it’s all bad news for Sky
Two things happened today:
1. TV isn't dead.
2. Large US based media conglomerates are willing to invest here.
Mr Market has not reacted for Sky...no upwards price pressure in anticipation of an imminent takeover attempt...
Good God, you're right!
https://www.google.com/url?sa=i&url=...AAAAAdAAAAABAD
Discovery owns a few FTA tv stations in other markets too. Their expansion strategy doesn't seem to be going OTT like Disney+ etc but buying bargain basement assets to provide a home to their own old content they can't sell (not premium content that they can sell to aggregators) in order to generate some advertising revenue, ready themselves for profitable IP advertising, and own some useful production assets and edit suites in different markets. They're not going to start pulling content from Sky. They're just cashed up, have US dollars, and need to buy some cheap assets to execute on their own strategy.
......500%pa!! (might even happen) ....just the 1.4% (.02 cent gain) is equal to about a years bank interest. Crazy.
A float of MediaWorks radio assets would pique my interest providing the current owners restrain their merchant banker rapacity.
Boop boop de do
Marilyn
There seems to be more buyers than sellers today; blue skies and arrows at least for the end of today; bring on Thursday.
Exciting week ahead. GLTAH
Me the last few hours...
https://thumbs.gfycat.com/DazzlingEv...ps-max-1mb.gif
Spread the news to Sharesies, this is going to be the last wagon to get on board. ;)
Why would we want a bunch of gen Z noobs on the share registry.
https://www.youtube.com/watch?v=NwDDBG7cyfI
Quick, someone call Blair and tell him about dez gainz
We're heading to the Sky on the Discovery shuttle...
https://www.youtube.com/watch?v=Q5aCV1dk6H4
Attachment 11921Attachment 11922
Dem feels
mistaTea not posting, pretending not to care about short term price movements...
https://i0.wp.com/thegreatoutdoorsma...06/giphy-1.gif
We broke that 0.140 barrier. Needed a big sausage to break the barrier.
OMG, I've actually broken even on this dog.
$1400 every pip on this for me boys.
Holding to the very end.
I think we need some disciples to go spread the gospel on sharesies. We can get more gainz on the back of the sharesies crowd.
Christ, I am $8,000 richer than when the market opened today!
I don't know whether to sh1t or go blind!
Big seller back ruining the party. Might have to wait until Thursday.
https://www.nbr.co.nz/story/mediawor...very/#comments
An 'Anynymous' subscriber has posted: "I understand there is interest in acquiring Sky and moving the free to air channels into a pay-per-view situation . Makes sense and will dramatically increase skys worth. Watch this space"
Alright, which one of you buggers is trying to start something on the NBR?
no, if it was you there would have been a "LOL" in there somewhere.
Still...if Discovery do make a move on Sky...will there be any other bidders?
Tbh...I can't really see how buying TV3 makes any sense unless they plan to grab Sky too.
So it could be that they want to make sure there are no issues with approval for TV3 before going after Sky.
Hmmmmn, I just don't know.
https://www.stuff.co.nz/business/300...-channel-three
Discovery buys Three, Bravo, Edge TV, Breeze TV etc
Does that modify anyone's formulated SKT T/o plans ? ;)
You still there Ogg ?
Discl: SKT Holder
SKT at 0.14 AUD on the ASX. Up 7.7% today (so far)
DJ Sky TV's Recovery Could Be Gaining Traction -- Market Talk
07 Sep 2020 10:22:54
0022 GMT - Macquarie Bank has growing confidence that the business transformation of struggling New Zealand pay TV company Sky Network Television is gaining traction and upgrades it to outperform from neutral. Sky, which has been losing its satellite TV subscribers to streaming services, could resume dividends from FY 2022, Macquarie says, as various initiatives such as the locking in of core rugby content, acquiring a streaming service and entering the broadband market stabilize its position. Sky's stock is at 14.1 NZ cents, which is down 86% on year, making it the worst performer in the NZX-50. Macquarie has a 12-month price target of NZ$0.34. (stephen.wright@wsj.com)
News Summary
*DJ Sky Network TV Price Target Cut 11% to NZ$0.34/Share by Macquarie
07 Sep 2020 09:59:42
https://www.stuff.co.nz/entertainmen...an-for-viewers
Revisiting what Discovery purchase of Mediaworks TV could mean for Sky TV .
Am I reading into it too much, but it does seem convenient timing that Mediaworks have been looking for a buyer for a year, and 3 days before the sky annual result the sale to Discovery is announced.
It would seem that Discovery are sitting on good cash reserves, they have mentioned that they see NZ as a safe investment.
A purchase of Sky could very well result in Discovery owning the vast majority of free to air and paid tv programming in nz, tv3, choice, bravo, hgtv, prime, then all of the channels they supply to Sky, plus obviously securing the Sky customer base and potential to expand into broadband and streaming.
Also plenty of Discovery Inc content which we don’t have access to here even via Sky, could be a great avenue for them to supply additional content they have already produced.
For those people who said TV is dying, or SKT is dying, Discovery teaches them a good lesson.
Market Cap 10.847B Beta (5Y Monthly) 1.40 PE Ratio (TTM) 11.93 EPS (TTM) 1.71
Dead? DISCA dropped from $42 to about $16 and rose to $32 then moving yoyo again. It looks like SKT will follow similar trend bounce back. I'm happy to hold my SKT average cost at 0.15 and sell them at 0.30 which still below the target price of Macquarie. :) :)