Windsor Buffet
27 Feb 2018
Re: Obviously delighted about this from the perspective of getting more for my shares.But equally delighted that the sheer meanness of Fox looks like it's bitten them back. Not just the 1075p offer which was hurriedly accepted by Gilbert and the other 'independent directors' but the strange decision to suspend dividends during 2017 for a process that one man and his dog could see was going to have regulatory complications.Let's hope the Sky deal goes through at this or a higher price and the Disney/21st Century Fox deal unravels as a result.
Self made hedge operator
27 Feb 2018
Re: I'm out Even if Disney had separately bought the Sky stake from Fox, they still would have had to offer to buy the remaining shares at the price they bought it from Fox. This just means not starting a process from scratch.
Self made hedge operator
27 Feb 2018
Re: Shareholders took the risk, Fox shou... Right - the independent director need to earn their corn.
pyueck
27 Feb 2018
Re: I'm out You might be right, not sure the downside is too great unless the Sky board for some reason bat away the comcast offer.The potential upside is what Fox, or probably more likely Disney do now. Always though the Fox/Disney deal structure was bizarre, for many reasons, including a) why Fox was buying back Sky Italia and Deutschland assets it sold a few years ago at a higher price? and b) why they were still going through the process of Fox getting regulatory clearance when Disney were going to be the eventual owners.I suspect Fox will be spitting feathers as it puts the whole Fox/Disney deal in jeopardy. Were they buying the Sky assets at a lower price than they were selling them to Disney for, if not why were they bothering with the great hassle of still going through with the Sky deal? Disney are shrewd proud operators, they have told the markets that Sky is joining their family, it will be a blow to their pride if it doesn't.I guess in a dream world Disney would come back with a higher offer and then Comcast raises its offer again...ad infinitum. Some stocks in the US are priced at crazy p/e ratios and even if I think a higher offer would be crazy, doesn't mean it won't happen.
blouson blouse
27 Feb 2018
I'm out Had a better ride than expected over the last 2 years and think most of the profit is in the price at anything above 1300- managed to average 1307. Small upside + large risk = time to sell IMHO
kryptes
27 Feb 2018
£12.50 Offer from Comncast
pyueck
19 Feb 2018
Re: Shareholders took the risk, Fox shou... They could they just need to pay the break clause.
Self made hedge operator
18 Feb 2018
Re: Shareholders took the risk, Fox shou... Correct - they cant just walk away from the bid.The onus is still on Fox to make a compelling offer once the regulation is cleared up. I make the saving on the football worth £1 in itself and that is ignoring the risk premium taken out due to a safely conducted auction.
kryptes
17 Feb 2018
Re: Shareholders took the risk, Fox should n... "I suspect if Sky had lost the rights Fox/Disney would have walked."They can't. If they're required to make an offer under rule 9 of the Takeover Code they can't make it conditional (other than as to acceptances and regulatory approval)
pyueck
16 Feb 2018
Shareholders took the risk, Fox should not take the profits Ok I grant you I got it wrong, Sky should be mightily happy with the PL rights deal. The deals are always hugely risky for Sky as the sustainability of its model without PL football is unproven.I suspect if Sky had lost the rights Fox/Disney would have walked. As it happens Sky has got a really good deal and therefore the Fox/Disney price should reflect this. Another 200p seems reasonable to me as in my opinion without the bid the comparative cost of the rights could well have added 20% on the share price.
Knuckle Rider
15 Feb 2018
Price So Is a higher offer expected now that the price is over the offer price?
cimbom
14 Feb 2018
Comedians StockMarketWire | Wed, 14th February 2018 - 10
0Liberum Capital today reaffirms its hold investment rating on Sky Plc (LON:SKY) and raised its price target to 970p (from 930p).
twoinky
14 Feb 2018
Sell or Hold Should I sell at present price or be greedy and hold?
Hopeful Investor
14 Feb 2018
Re: CMA Did you sell them all?
Hopeful Investor
14 Feb 2018
Re: Low Sky Offer If Sky are interested, and the signs are they are not, they could only have one more package max as the rules say one broadcaster cannot have more than 148 matches. Currently they have 128 with two packages of 20 still on the table.
