Aye, ultimately a buyback should be only assessed on its merits in the here and now. If Sky’s quoted value is at a significant discount to intrinsic value then that is all that should matter.
Returning capital to shareholders by a less efficient mechanism (i.e a dividend) based on bunk reasoning around a previous CR would be a scandal imo.
Perhaps The Board will disappoint us on this one, but let’s see. As I say, right now they are right to be cautious around any distribution of capital.
But when the time comes, if the SP is still crazy low and they declare a dividend instead of a buyback we will all need to pause and reflect on the ‘Management’ component of our rationale for owning this business.
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Aye, ultimately a buyback should be only assessed on its merits...
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Last
$2.39 |
Change
-0.030(1.24%) |
Mkt cap ! $329.0M |
Open | High | Low | Value | Volume |
$2.43 | $2.43 | $2.36 | $34.16K | 14.26K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1820 | $2.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.45 | 793 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1820 | 2.380 |
1 | 5126 | 2.370 |
1 | 130 | 2.330 |
1 | 92 | 2.300 |
1 | 1500 | 2.260 |
Price($) | Vol. | No. |
---|---|---|
2.450 | 793 | 1 |
2.490 | 61 | 1 |
2.500 | 17285 | 3 |
2.600 | 5374 | 2 |
2.650 | 12500 | 1 |
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