Yes indeed, even if they did barebones CAPEX and let key (expensive) sports rights go I think they would generate much more than $300M for shareholders before they went bust.
There are a lot of people over the age of 50 who would subscribe to Sky until the bitter end so long as 'enough' of their channels were still available.
Only a minority are 'sport only' customers. The vast bulk subscribe to Sky Entertainment.
The valuation is irrational. But who am I to argue with Mr Market?
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Last
$2.52 |
Change
-0.130(4.91%) |
Mkt cap ! $346.9M | |||
| Open | High | Low | Value | Volume |
| $2.57 | $2.64 | $2.52 | $6.035K | 2.351K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 953 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.65 | 4362 | 2 |
View Market Depth
| Last trade - 15.22pm 24/06/2025 (20 minute delay) ? |
| SKT (ASX) Chart |