Forum Archive Index - November 1999

["Ben Dutton" <bendutton@sharechat.co.nz>]

There are two major reasons for Sky TV's drop.  First, their deal with IHUG
(large ISP based in Auckland) fell through.  Second, Craig Heatley sold a
large proportion of his Sky TV stake to finance a buy into INL.

I do think that the market has overreacted to both moves, especially Craig
Heatley selling some of his holding in SKY.  Remember, INL owns 49.8% of SKY
at the moment.  As David McEwen pointed out in his MIR No. 62, because of
INL's holding in SKY, Mr Heatley still effectively owns 4.3% of SKY.

It is a pity that the deal with IHUG fell through.  The two companies would
have complemented each other quite nicely.  SKY has the capability of
delivering high speed Internet access to New Zealand users.  Perhaps if the
market received a clear statement from SKY of their future plans it would
help their share price stabilise.

Benjamin Dutton


----- Original Message -----
From: Joe Spooner <joespooner@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, November 04, 1999 10:41 AM
Subject: [sharechat] Sky Television Query


> Does anybody have any idea why the Sky Television price has dropped so
low.
> They are currently around $2.80 yet only a couple of months ago were
around
> $3.70. Any ideas wfor this change?
>
> They would appear to be a very good future buy at this price? What are
> peoples thoughts?
>
> Regards
>
> Joe
>
>
>
> ______________________________________________________
> Get Your Private, Free Email at http://www.hotmail.com
>
> --------------------------------------------------------------------------
> To remove yourself from this list, email sharechat-request@sharechat.co.nz
> with "unsubscribe" in the body of the message, or use the unsubscription
> form at http://www.sharechat.co.nz/forum.html.
>


--------------------------------------------------------------------------
To remove yourself from this list, email sharechat-request@sharechat.co.nz
with "unsubscribe" in the body of the message, or use the unsubscription
form at http://www.sharechat.co.nz/forum.html.