I think you'll find that's not the same property...
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Look, it's only been three and a half months since Sky started a 'targeted campaign' to sell the entire campus!
Nothing to worry about! he he he :eek2:
A landowner I know just sold his big piece of land (4.3 hectares) in Pukekohe after it has been on the market for 6 months. His first deal at $5.3m fell through due to purchaser being unable to come up with the funding so he took it to auction. It sold for $8.0m unconditIonally at the auction.
True story - talk to real estate agents in that area and they all know it.
Good for him!
And I am only teasing. Whether the deal is signed this month or next month makes absolutely no difference to me.
It is good that the Board are making sure they extract maximum value for shareholders - i.e doing their job.
If it ends up taking a while to get the right deal done, then so be it.
https://www.youtube.com/watch?v=d08Cnyzi_iw
Monday Feels for SKT
Maybe the market thinks that the campus is so worthless that Sky will end up needing to pay someone to take it off their hands?
I can't think of another explanation to explain the vote of no confidence from Mr Market...
Didn't Ogg suggest that SKT would announce sale of some bricks & mortar today ? ;)
or was it all another false alarm ? :)