Why is Sky’s share price so low?

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)
Daniel Dunkley
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...

More Markets

NZ sharemarket ends week down 0.8%
Markets Market Close

NZ sharemarket ends week down 0.8%

The S&P/NZX 50 Index closed at 13,024.7, down 35.38 points or 0.27%.

Graham Skellern 24 Jan 2025
Being AI vs Clare Capital: $150k settlement reached
Markets

Being AI vs Clare Capital: $150k settlement reached

Being AI filed defamation proceedings against Clare Capital and its directors in April.

John Anthony 24 Jan 2025
Akaroa King Salmon boss steps down after 23 years
Primary Sector

Akaroa King Salmon boss steps down after 23 years

Scotsman Stewart Hawthorn takes over from Duncan Bates as Akaroa King Salmon CEO.

John Anthony 24 Jan 2025
Blair Turnbull named CEO of Milford Asset Management
Markets

Blair Turnbull named CEO of Milford Asset Management

Blair Turnbull is set to take the helm as chief executive of Milford Asset Management from March 12.Turnbull, currently CEO of Tower, replaces Mark Ryland. “As we welcome Blair to Milford, we extend our appreciation to Mark Ryland, who will step down as CEO on Blair’s commencemen...

Staff reporters 24 Jan 2025