LOL - Ogg has been suggesting SKT would be taken over on how many occasions now?
And you still accord anything from him as credible?
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A little prod & Ogg comes out all guns blazing, after spending the whole yesterday compiling his selective recall of postings on SKT!
Chill, Ogg - whatever will be will be as it’s clear SKT does not really care too much about short term share price fluctuations than on executing its strategy.
Zero point fretting about the SP now.
The property sale will take however long it takes. That is one potential catalyst.
Dividends will likely be resumed soon. If they don’t do one in Feb (perhaps because they are doing a buyback) then we get a bigger one in October.
The STB will be released next year. I think they will do a pilot in Feb/March (I hope to be part of that) with a full rollout by April/May.
In the meantime I am sure they are working on other deals. For example, 2D and Orcon will almost certainly want wholesale deals with Sky for NEON and SSN to help them compete against Spark. They could offer popular bundles that could be a growth driver for Sky (albeit at lower margins but also at lower operational cost to Sky).
Issues with board and management transparency on a couple of key issues aside, things are actually humming along.
I would recommend not even looking at the SP more than once a month. Even less would be ideal.
I saw yesterday on TV that 2Degrees is offering 6 months free Neon and Amazon prime when you sign up with their unlimited broadband plan.
Yeah, they sure are.
https://www.2degrees.nz/broadband/be...s?discount=yes
It is good for Sky to have a great relationship with both Orcon and 2D.
Keep things warm between the businesses. If Sky can increase their valuation to something more representative of their Earning Power then all sorts of other possibilities could be presented.
But for now we just sit tight and do the easiest thing in the world - nothing.
how good is 23/2.30 looking right now?
I think that depends on what The Board are able to deliver next year.
If we blow past the HY results and the SP continues to languish then The Board have a lot of explaining to do. Why the F did you flat refuse an opening offer of 23cps when you don’t have the ability to generate a superior result for shareholders?
But if they get the mix of growth projects and capital management right…and these measures lift shareholder returns above what we would have had if we just sold the business in June…then we will be thankful that Bowman did what he did.
Only time will tell.
But sit tight Jimdog31! As Sophie would probably say - Kia Kaha!
See you all again in Feb.
Have a wonderful Xmas/NY.
I look forward to seeing what Sky can deliver for us next year.
Chat soon!
Well would you look at that... my long term holding is back to breakeven :).
Looking like capitulation to me so I have made my first swing entry.
What a poop show