Why is Sky’s share price so low?

Sky TV is one of an abundance of entertainment company plays available to investors. (Image: Sky TV)

Fri, 20 Oct 2023

Last Friday, perennial takeover candidate Sky Network Television announced it was in talks with a mystery suitor, after years of speculation linking the company to an opportunistic bid. As discussions over a non-binding, indicative offer continue, analysts say the buyout interest makes sense considering the company’s low valuation.Wealth manager Forsyth Barr has given its two cents on the bid situation, highlighting Sky’s status as “one of the lowest-valued stocks on the NZX”. Sky shares have hovered around the...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZX sharemarket flat, up 0.02%

The S&P/NZX 50 Index closed at 13,486.32, up 2.3 points or 0.02%.

Graham Skellern 6:10pm

Infrastructure

Fulton Hogan shareholders exposed in cyber breach

The company has closed its shareholder portal as attackers access password database.

Thomas Manch 10:15am

Fulton Hogan shareholders exposed in cyber breach

The Quiz Free

QuiznessDesk, Monday, Dec 08

Hungry for some trivia?

The Quizmaster 9:15am

Sponsored

Journey to AI success starts with modern foundations

Strong tech, data and security foundations make AI succeed.

Cognizant

Sponsored

Building the foundations for AI success: Practical insights from New Zealand leaders

NZ leaders reveal how to build AI that delivers real value.

Cognizant

More Markets

Markets Market Close

NZX sharemarket flat, up 0.02%

The S&P/NZX 50 Index closed at 13,486.32, up 2.3 points or 0.02%.

Graham Skellern 6:10pm

Markets

Tourism Holdings to close Brisbane RV factory, cut 110 roles

Tourism Holdings will close its recreational-vehicle manufacturing plant in Brisbane on Dec 19 and consolidate all production at Action Manufacturing in Hamilton after a review of its Australasian operations.The move will cut about 110 frontline and support roles in Australia.Chi...

Staff reporters 5:43pm