Yes any transaction to acquire some or all of the shares may be unsolicited, highly conditional, non-binding, indicative, incomplete and all of that other jargon that gets thrown into the mix but it would appear that Jarden are reviewing or have reviewed something.
Even if such an offer is not to our liking as shareholders, or reflective of the true value of the company, it must be for an amount materially in excess of the quoted value of the stock at present. Otherwise any potential suitor would know it has no chance of getting up. I would also have expected continuous disclosure requirements would have required a little more transparency here.
“Over the last twelve months Sky has received a number of unsolicited approaches around potential transactions, all of which have been highly conditional and incomplete.
With the capital structure now stabilised, a strong position in the NZ market, and a revitalised strategy, the Board does not believe the current share price reflects the value of the company.
Sky will review strategic investment partnerships that will deliver sustained ongoing growth to the rights content and distribution reach of the company, which in turn will accelerate the creation of shareholder value.
In this context the Board has appointed Jarden to review any such approaches”
- Forums
- ASX - By Stock
- SKT
- Ann: Sky Investor Day presentation - 29 June 2021
Ann: Sky Investor Day presentation - 29 June 2021, page-26
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
Add SKT (ASX) to my watchlist
|
|||||
Last
$2.22 |
Change
-0.140(5.93%) |
Mkt cap ! $305.6M |
Open | High | Low | Value | Volume |
$2.31 | $2.36 | $2.22 | $25.68K | 11.21K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3060 | $2.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.40 | 102 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3060 | 2.220 |
3 | 12916 | 2.210 |
1 | 3800 | 2.200 |
1 | 5216 | 2.160 |
1 | 740 | 2.150 |
Price($) | Vol. | No. |
---|---|---|
2.400 | 102 | 1 |
2.450 | 833 | 1 |
2.500 | 417 | 1 |
2.590 | 1140 | 2 |
2.600 | 30000 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
SKT (ASX) Chart |