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

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.