If the CEO has recently bought a bunch of shares, does that mean a takeover can't happen in the next wee while? I thought I saw someone mention Protocol B or something.
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If the CEO has recently bought a bunch of shares, does that mean a takeover can't happen in the next wee while? I thought I saw someone mention Protocol B or something.
It certainly makes the Jarden involvement make sense.
and bringing James bishop in .
and having an interim CFO with no ad or serious interest in replacing him (wtf?)
and moving martin on.
Both the investor day, and the results webcast you can tell they are saying alot by what they are not saying!
Sophie buying shares obviously took care of protocol B , but definitely doesnt exclude any of the above posts.
correct me if im wrong, she was barred from buying before results aye? was that her first opportunity to buy since what date approx?
If she pulls it off shes either going to be CEO of a much larger entity or be hot property on the open market wherever complex M+A activity is going on.
Don’t know.
But there is still hope…
Jarden could still be working on options. They will no doubt bring a proposal to the board soon (these guys will want any deal so they can get their fee!).
If Jarden are still looking at options and nothing has been pitched yet then I don’t see why Sophie couldn’t buy shares…
Read the securities policy here
https://www.sky.co.nz/documents/1170...=1602032411876
it would also imply that a deal wasnt done on the property if shes buying?
The takeover may already be happening. Ownership of NZME and Sky combined would allow advertisers a one stop shop for both print, Radio and TV. NZME already have a first class news service in print and radio so could bring the Hosk back to SKY to compete head on with TVNZ and discovery(3). Centralised news cost like news hub. Sky did try many years ago with Paul Holmes.
I think most instos will have a valuation of Sky between 23-30c atm and arent likely to let their shares go at the prices we have past recently(baring some significant changes in circumstances). With international events moving away from New Zealand, this is also good news for sky (as the only way kiwis can attend/watch is via streaming). The border closure may be in place for some time so this would be good for Sky for some time longer.
Been anything of substance in the last dozen pages or so …haven’t the wherewithal to go through them.
NZ On Air annual "Where are the Audiences" survey and Report 2021