If it is that much $5-10m/mth then why the need exit the Mt wellington property for what would amount to a 4 to 6 mths net cashflow. A purchase such as Spark Sport in the offing perhaps
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Analysts, investors shrug at Sky's corporate intrigue at investor day
https://www.nzherald.co.nz/business/...ectid=12454945
Paywalled
Chris Keall states "The Australian (news) threw around names of potential suitors like Discovery, NBCUniversal or the "logical" possibility of a telco (a possibility that probably doesn't appear as logical to Kiwi reader"
Chris has obviously not read the Sky thread
Well, if Bowman was hoping that Slide 80 would create a huge buzz with corresponding price action then it was a pretty epic fail.
But I don’t think that was the game plan. More a signal that Sky is open to suitors and please get in contact with Jarden if you want a piece of this action.
Sky did emphasis less free cash going forward as they 'invest for growth'. I'm certainly getting bombarded with adds for Sky broadband. I wonder how much is being spent marketing this new offering.
"Jarden analysts Arie Dekker and Luan Nguyen maintained an "under-weight" rating on the pay-tv provider after the briefing, though nudged their target price up from 18.0c to 19.0c."
Well if that's the case - 20c seems like the best we can hope for in a potential transaction?
Takeovers are often a 30-50% premium to the SP.
I think someone would pay 25c/share max to buy sky. Unless there was a bidding war.
25c/share would not be a great outcome for long term owners, unless it was part of a merger whereby they would have the opportunity to participate in any upside the new entity yields.