Originally Posted by
mistaTea
If you subtract the value of Sky’s tangible assets from the market cap, Sky’s operations are only valued at about $180M according to the SP right now. Company has zero debt!
A business that still generates $150M in operating cashflow, $70M+ in FCF…has stabilised earnings and has shown growth in key areas. Only worth $180M. Ha!
Yes I can bang on as much as I want about how unjust the low market valuation is, but if the market disagrees then too bad so sad.
But Mr Market is a moron in my very humble opinion.
The sooner Sky can make a plan to become a full blown telco the better. Sentiment ‘should’ become more positive if Sky’s revenue streams further diversify into Mobile, wholesale, data centres etc. in theory anyway!
I’m sure our mate Chris at The Herald would still find loads of bad things to say!