All of the events of the last 12 months......
There has to be some sick twist at the end.
https://imgur.com/gallery/lpWK1
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All of the events of the last 12 months......
There has to be some sick twist at the end.
https://imgur.com/gallery/lpWK1
If there is no 'catalyst event' anytime soon...it's still all gravy, light at the end of the tunnel.
Management will do a buyback of, say, $50M worth ($30M from property sale + $20M FCF). They could comfortably buy back 250M shares.
That leaves ~1.5B shares outstanding.
Then, if we assume a low range FCF of $70M...an 85% payout ratio would be $60M - 4c/share. That would be a tasty divvy!
Depending on how the Investor Day goes, if some confidence is created around Sky's future, even if the market still wanted a high 10% yield until they saw more progress and deals plus meaningful broadband market share...that would still be 40c/share.
Now that the NRL risk has been removed, I think more optimism is warranted.
If a catalyst event like merger or takeover was to be presented to us... it would need to be at least as good as what I outlined above.
Not long now! Where is that timer of yours Ogg?
Been a bit of a fizzer since Sky increased guidance in early Feb,looked like a sure thing for easy,big gains,hard not to be a bit stale atpit.
Jogging on the spot until everyone sees it's actually for real IMO .. ;)
Will Ogg honestly bail on that ? ;)
Double whammy
Just over 5 days to go…
Ogg may trim his holding back on June 29…but he will never leave us altogether…
He needs us. And, by God, we need his crazy theories and Nicholas Cage memes.
Speaking of Cage, I started watching his latest masterpiece - Jiu Jitsu. Need to finish it today, but so far it is so bad that it is goooooood!
I imagine that Ogg is going to kidnap Andrew Hirst today, and spend the next few days trying to break him down and get him to sign the merger deal.
After days of punishing interrogation (which will no doubt include copious amounts of Cage memes...), then in the early hours of the morning before the Investor Day, this will be Ogg and Andrew...
https://www.youtube.com/watch?v=yL9Y24ciNWs
I think SS will be around for a while yet. They will go hammer and tongs to get the A-League I suppose.
Not time for Sky to let its guard down, even though the NRL news is absolutely fantastic.