Forum Archive Index - November 1999

["Joe Spooner" <joespooner@hotmail.com>]

Thanks Ben.

I was aware of both of these moves. However I thought there must be 
something else as like you I did not believe this was enough to make the 
share price drop so low.

Joe


>From: "Ben Dutton" <bendutton@sharechat.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: [sharechat] Sky Television Query
>Date: Thu, 4 Nov 1999 07:02:59 +1300
>
>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
> >
> >
> >
> > ______________________________________________________
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