Mistatea is very negative on Skt now. I think Mrstea makes him sleep in the spare room now.
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Mistatea is very negative on Skt now. I think Mrstea makes him sleep in the spare room now.
Yes, and I bet he'll be crying when Prime or Amazon come along and offer to buy us out for $10 per share later this year LOL.
Bit of an action today ahead of ASM next week, someone keen?
I'm still a bit confused about how the capital return to share holders work. So after it's done our holdings will be reduced but SP could possibly go up? Or is it going to be like a special dividend ie. SP goes down but holdings remain the same?:confused:
Has no-one heard .. the Special Dividend might be an in-specie distribution of Media Works
shares in a deal yet to be orchestrated :)
Kills a few birds with one stone .. plant a bundle of cash in another pocket to appease
MW lenders no end, and hocks off a hard to sell dinosaur into eager hands used to disappointments ..
Most must recognise that the smart money controls the game and the Retail punters
are on the receiving end of sucking the kumara most times..
Why else would flicking a few bucks back be such a long winded process ? ;)
Patient holders have probably forgotten what a SKT Cap Return looks like :)
ASM next Wed 2nd Nov, vote on the ~$70m capital return to shareholders by way of cancel 1 share for every 6 shares held, $2.40 paid out per share cancelled. Requires 75% shareholder vote support. Current SP $2.20.
I just voted in the ASM - against all the directors up for renomination.
So what is new? The "smart money" controls the game not only in Sky TV but in any company on the stock market that the retail investor puts money in. If you invest that is part of the deal. Whether we get a sour suck of the kumara or a fair suck of the saveloy , take your [tooth] pick.
75%+ of all shares voted is required for the capital return. The ASM starts 10am, it will be online and you should be able to vote online during the meeting. https://meetnow.global/nz Alternatively, you should be able to login to Computershare and vote before the meeting. There are some important Director votes to be held as well, depending on your views of their performance.