Seems like they want to hold on to any profits made for when things go south, they can pay director fees and salaries until the ship sinks. They talk about shareholder value but nothing's been done.
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Seems like they want to hold on to any profits made for when things go south, they can pay director fees and salaries until the ship sinks. They talk about shareholder value but nothing's been done.
SP was already under pressure when this lot took over, but the crash accelerated under them.
Over the last two years they have overseen one of the biggest examples of wealth destruction in NZ corporate history I think.
And what have they done to change that sentiment? Certainly not practical things like reinstate some kind of a dividend at a minimum...
Nope, just bang on about deal renewals that they have had to overpay for.
What a mess.
It seems highly likely that Martin left so suddenly because they are incompetent. I reckon he just gave up as it was like hitting his head against a brick wall.
He resigned from a $1.5M a year job in December, yet only actually left the country 6 months later.
Certainly did not need to leave so abruptly (I mean Sophia 'kia kaha' Moloney too over the next day for all practical matters)... unless he couldn't deal with the board anymore.
They have also blamed COVID for things and we have not been able to hold them accountable as have to just watch on a screen while some ......... analyst ask questions none of us care about.
We need to start emailing management and demanding better.
This board hasn't just nothing for the past 24 months, they've done NOTHING for the past decade. What an utterly uninspiring lot they all are.
General Ogg its time to rally your Sharetrader troops together and for us to collectively become activist shareholders. It's a natural evolution really.
The fact theyve given ZERO commentary over the share consolidation and the reasoning behind it boggles the mind?
Need to rename this thread “Abused Sky shareholders support group”
https://www.nzx.com/announcements/377930
Sky Network Television Limited (“SKT”) Share Consolidation
Quote:
On Wednesday, 25 August 2021 Sky Network Television Limited (“SKT”) announced that they will undergo a capital decrease of shares (“share consolidation”).
Shareholders will receive one SKT ordinary share for every ten SKT ordinary shares held at 5pm on the Record Date of Thursday, 16 September 2021.
In order for the Share Consolidation to be processed SKT will be halted from pre-market open on Ex Date, Friday, 15 September 2021.
On Friday, 17 September 2021, trading will resume in SKT ordinary shares.
CONGRATULATIONS - You will soon have a TENTH of the SHARES you had previously
Told you all this was likely ;)
That leaves a mangy old mining dog to do the same with it's billions of near worthless clutter ;)