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...

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