I'm hopeful that the board will fall on their sword and go back to pitching a dividend and capital return before the end of the month.
Printable View
I'm hopeful that the board will fall on their sword and go back to pitching a dividend and capital return before the end of the month.
EV to dip below $200M soon?
MW value heading to the toilet. They will be paying us at this rate. With the falls on the NZX, ASX, and Dow, only a fool would buy into MW. Announcement coming soon, I bet. Deal off, SKT share price will hit $2.70.
The Board will have to undertake serious damage control, if and when (hopefully when!) they bin the MW deal. Damage control of their reputation and in steadying a ship that was sailing along quite nicely until they decided to send it towards to the rocks ( I like my sailing metaphors). If this has been the reaction of the market at even the prospect of a deal ( general market downturn notwithstanding) then all bets are off as to where Sp/co.value will end up if they are stupid enough to actually proceed. I thought $2 would be on the cards but now I think we'll be back to the post consolidation price of around $1.60.
I would expect the board to commence a buy back at these levels. Get some investor goodwill, support the price and pick up stock for extremely good value. They'd be hard pressed to acquire another business on better metrics than simply buying back their own stock.
I would expect this will be the message from Osmium too...
I'm becoming more convinced than ever that Sophie is out of her depth - always had my doubts
And a weak Chair doesn't help
Does Sophie still commute to work from Nelson?