Just saw the first TV ad for Sky broadband.
Website is live too:
https://broadband.sky.co.nz/
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Just saw the first TV ad for Sky broadband.
Website is live too:
https://broadband.sky.co.nz/
Discovery up 13% in premarket from the takeover announcement.
https://i.imgur.com/9R3sxjH.jpg
https://www.trademe.co.nz/a/property...ing/3093802622
Price indication on trademe is $10m.
That's about as much as your gonna get from these run down sh*tty cross lease buildings.
Could of been worth $50m if it was in the Terrance and Apartment zone in AUP.
I also received a email promo from Sky today for their Sky broadband. Looks good. I will be looking at switching over.
https://www.sky.co.nz/documents/1170...ing_Policy.pdf
The FMCA requires directors of Sky to disclose Relevant Interests to NZX within five trading days.
https://www.legislation.govt.nz/act/...html#DLM140932
What's the deal here? Are they just letting this slip? He broke the law.
No explanation given as to why? Did he just not know? If so, they should say so it's on record.
https://i.imgur.com/GQLhgU2.gif
AT & T announce $43b merge Warner Bro with Discovery
https://www.cnbc.com/2021/05/17/att-...e-company.html
Major transactions – your obligations as a director — Bell Associates
https://www.bellassociates.co.nz/lat...hs0el1oox2fvsf
Major transaction defined
A major transaction is where a company purchases or sells assets or incurs an obligation that has a value of greater than half of the company’s existing assets. For example, if a company was created to own a dairy farm and it subsequently sells the farm, this would constitute a major transaction as the farm was a significant company asset.
Requirements of major transactions
A major transaction must be approved by special resolution, which requires a majority of 75% of the shareholders of a company to approve the transaction.
A company cannot avoid the major transaction provisions set out in the Act; however, it can add requirements for passing a major transaction under its company constitution. For example, a company constitution could state that 80% of shareholder votes are required for a special resolution in relation to major transactions rather than 75% as provided for in the Act.
Good article:
https://www.cnbc.com/2021/05/17/warn...universal.html
In the words of the great Tom Lehrer, “Who’s Next?”