Do you have anything special lined up GIF-wise if your wish comes true?
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Do you have anything special lined up GIF-wise if your wish comes true?
Just over one day to go...unless there is a trading halt today.
I think you guys are absolutely dreaming and misleading less experienced people. A company has continuous disclosure obligations and would not book an investor day many weeks out to announce a takeover or merger.
Disc: hold.
If "less experienced" people are coming onto this forum for sound investment advice, then God help them.
Investor Day has been booked for management to spend time with shareholders and analysts to update everyone on progress and chart the way forward. Nothing to do with takeovers, mergers or anything else.
But just because Sky has booked an Investor Day, does not mean that interested parties are not taking a look at opportunities.
If anybody is buying Sky shares because they think some kind of catalyst event like a takeover/merger is imminent due to some posts by people they don't even know on this forum then I think they are damn foolish.
Charlie Munger would describe that as asinine.
Over the years I have noticed that when a company has an investor day or an investor presentation then the SP drops on that day. It may well rise eventually but there are never any fireworks on the day.
Of keen interest tomorrow will be to understand management plans to start returning capital to shareholders.
Depending on the sale of the property, I am thinking a $50M buyback.
And then declare a 2c/share divvy at the end of the year ($35M).
Between FCF + property sale, Sky could easily return $85M to shareholders this year.
Wouldn't we generally expect insiders to be buying up on a positive outlook like that? I don't think there's been much action on that front other than Handley (ex)? That said, I'm also not convinced on a takeover/ merger which (hypothetically) might explain lack of insider purchases. I guess all the speculation will be put to rest tmw anyway..
Well, management are restricted on when they can buy/sell shares.
The reintroduction (or not) of a dividend is price sensitive. I would think that they have to wait before being able to buy.
Imagine if they have known for the last month or so that they are going to reintroduce a divvy... they then go on a purchasing spree at ~17c/share. Then announce a dividend tomorrow...SP shoots up to 25c - 30c...anyone else see any issues here?
As a more general sentiment, I would prefer management to have a lot more skin in the game.
I think 4c a share is way too optimistic (unless you are talking about a one off special dividend). A sustainable 2c a share annual dividend is enough to ignite a rocket under the share price though.