Yes, I agree - Bowman, in particular, didn't get my vote, time for a change of the old guard! I've just updated this, as I've noted that he's been re-elected :mad ;:
Printable View
I thought that Bowman and Moloney handled the meeting very well. Bowman's CV and resume in the TV and media industry, and his turning round SKY in the last three years have demonstrated competence. There will be challenges but I bought plenty at 12 cents {$1.20}. So up around 90% over 3 years. MIsta Tea also backed up the truck at that time, maybe he will come back in.
Winner() shes a short term trade now...
The method of capital repayment and cancellation of shares is the best approach. The SP should increase as the eps will be greater. I agree we will be close to $3.00 after the end of the fiscal year and the final dividend is declared Then the divvie yield will be set in all of the investment statements and publications.
Woohoo I have just put my order in for a new BMW which should arrive from Germany just as the final divvie is paid.
I see.
So after Sky have depleted cash reserves significantly after the capital return you expect the value of Sky to INCREASE by $25M to $423M…
Which would represent a yield of 4.3% - 5.7% based on updated dividend guidance? 1% - 2.4% above the current Spark yield?
That certainly would be a lovely outcome!
I just read the transcript, think I’ve lost a few brain cells. “YEW TOOK MAI SHARES!” “WHY DO I HAVE LESS SHARES, ALL MAI SHARES R GONE!” “YOU’RE TAKING MAI SHARES AGAIN!”
On the q’s, I’m disappointed there wasn’t anything on MW transaction attempt
More seriously though, I thought MT’s best mate Pooman handled himself pretty well. I know most people here are prob NZ’ers, but as an Aussie holder, do we get the same tax-free special treatment? I thought I read somewhere when it was first proposed that the answer was yes but I’m unsure now ….
I don’t own SPK - I just think it is a useful comparison because it is considered blue chip and there is a history with Sky.
How is pointing out facts around what $3/share represents post capital return in terms of market valuation and yield range sh1tting on SKT?
From now on you only want people with lofty notions of SKT to post on here?
There were a few aggrieved shareholders at the meeting, who had all of their investment ruined because they didn't know when to quit a loser, or hold for a recovery and cover their position. Some didn't seem to understand basic maths of % share of the company after consolidation. Surprisingly the Chair was very tolerant and let them vent. There were some who quit when the turnaround was actually happening and the company was returning to distributing ongoing FCF and capital excess.
The market really doesn't care about people, it just does what it does. Some win, many lose. Buying sustained downtrends is a losers game. Buying a turnaround is not. The turnaround has been recognised by the market. Read the market and you'll do ok, maybe even very well. You have to be in to win, when the time is right, there's no prizes for moaning on the sidelines.
Post whatever you want, it's no matter to me, but I'll call you anytime I want as well. You took your loss, while others are enjoying better timing and wiser investment decisions, with a longer term horizon, that is so far working out rather well.
Whatever happens in the long run, you'll alway be known as the multi-year downtrend shill who had a panic-attack and sold at a significant loss and then proceeded thereafter to slag the company on multiple forums.
That's reputation. Once lost, almost impossible to recover.
Geez baa baa, you got flystrike or something? mista been eating away at you??
If it werent for Mista, alot of retail investors would not have kept faith during the darkest days of the turnaround. He kept faith when others didnt, and posted reasonable, rational, and optimistic posts when most had been rubbishing skt.
It was his optimism that got me invested in Skt, and ive done great from it. However I now share his less optimistic view of the outlook. Are we right or are we wrong? who knows, But He’s allowed to change his viewpoint on a share, and doesn’t need your incessant baaing about whether hes an upramper or downramper.
Thats the whole point of a market, some are long some are short. And thats a constantly moving conversation. Whats reputation got to do with anything?
Poor MT.
I haven't been keeping track of SKT as i had sold out. On one hand, the increase in divvy is positive along with the buy back.
On the other hand, this does put SKT itself in a dangerous situation. In essence SKT is making a bet that their operation will be at a level that can sustain the buyback and divvy in the future and allow for growth of the company. Given the death raise, I'm unsure if SKT are truly sufficiently far sighted to understand what they are doing. In the event that the board aren't farsighted enough, it could be the beginning of end or another capital predicament as growth in the company wanes in a market that is evolving and requires innovation (a aspect that SKT have failed on, on several occasions).
Yeah ease up on hassling Mistatea. He has made a massive contribution to this thread. Both for the analysis and entertainment value. I wouldn’t have bought mine without reading his and other posters various scenarios of what they thought could play out with Skt
I read all the posts and then remind myself this site is called shareTrader. One man’s trash is another man’s treasure.
I only bought a very small amount of Skt after deciding at .14c they were probably undervalued and could be a turnaround opportunity. So I invested a measly $7k for 50,000 shares. I honestly thought I would be well out of them by now having held for last 2 yrs. They were very much a short term 1-2 yr speculative buy and I only invested an amount I would be happy to loose if it all went tits up with the hope I might double my money if I was lucky sell them and spend the upside on a few toys.
Im not really a believer in the Skt model going forward as a stand-alone business. Without sport they would die pretty quickly I think with many competitors in the movie and entertainment space now at much lower prices. However I can see some reasons why there good be some M&A activity in the telco /media/advertising space as they all seem to need to eat each other to grow and survive and sky have a reasonable size customer base.
I always wondered why if spark were serious about streaming sport why they just didn’t buy Skt and bolt sport onto their offering. Spark seems a pretty mature business with not a lot of growth but just keeps generating a lot of cash.
If they had the best sport offering in nz and bundled it up with their mobile and broadband it would give them a huge point of difference to other telcos. They just don’t seem interested in this space and I have no idea why they persist with spark sport. If I owned spark shares I would want to know what they are doing with it.
Anyway I’m happy to hold Skt for a bit longer but will soon join Mistatea on the sidelines.
Thanks again Mistatea for your contributions…it just got a bit one sided once you exited.
DYOR…I have no idea what is going to happen with SKT but I enjoy watching it all unfold and I might still loose it all.