Exactly mate, so the very idea that you would stop someone from buying something as essential as food because they don’t have a piece of cloth on their face is absurd.
But we digress.
Less than 4 weeks to go…
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Not long to go now, only 25 days till Sophie confirms details on the company's capital management plan. Will the SP lift in anticipation of a decent dividend/return? or is it already priced in as it has been well known for months that there will be some sort of return to shareholders or will something else be announced ?
https://announcements.nzx.com/detail/396146
The Many Saints of Newark is on Sky Movies and NEON
Prequel to Sopranos and it has Jon Bernthal in it.
My life is complete again…
I think we talking past each other a bit here. My point was even those that are high risk or immunocompromised, or have family members who are, need to go to the supermarket - so I agree with enforcing the mask policy for everyone entering a supermarket.
Whereas those at high risk / immunocompromised do not have any need to go to a dining / entertainment establishment so it is appropriate that mask rules are more relaxed or removed entirely in those locations.
but hey, happy to agree to disagree on that topic, we are hear to talk investments after all.
As much as I try to give Sky the benefit of the doubt for the buyback delay, it has been pointed out to me by more than a few that it is unlikely anything is going on behind the scenes.
So, if we assume that is correct (a safe bet, usually) then we should consider dates and possibilities.
August 25 - the key date that we find out how much money Sky are giving shareholders, and in what form.
They tend to pay dividends in mid September - on a Friday. So that would be 16 September.
In fact, the last time Sky TV paid a dividend (15 March 2019) was the same day the lunatic Brenton Tarrant murdered worshipers. Let us hope for more positivity on the date of Sky's dividend resumption.
So 24 days until we find out what Sky are doing, and 46 days until we get paid.
I have a feeling that the option they go for will be neither bearish nor bullish. Some pressure to throw shareholders a decent bone perhaps, but I doubt they are going to empty the till.
Perhaps something like:
- $30M dividend (likely an amount that can be sustained)
- $15M special dividend
- $30M on market buyback
So a total distribution over time of $75M. That leaves them with $75M or so on the books as at 30 June 2022, with the cash pile still growing.
I think they could easily afford to be much more generous than this - maybe a larger special dividend, but they probably won't be.
With a little luck, they won't be stingier than what I have outlined (unless they can demonstrate a very good reason for still requiring so much cash).
Im curious about why, after the initial news of securing RWC rights, that follow up news has not been released. I wonder how much Sky will have to pay for these rights 🤔
Only 3 weeks to go to find out what kinds of rewards The Board have in store for their owners.
A real opportunity for them to suprise and delight given recent events, so let's see.
Not long to wait.
It also happens to be my toddlers Birthday. The quality of his gift is dependent on Bowman and the team...