PETER GRIFFIN: How Sky can make broadband pay

Thu, 28 May 2020

I thought I was getting Sky TV stock at a decent discount back in March when the share price plunged through the 30 cent barrier amid some of the most volatile market trading the NZX has ever seen. Then came the $157 million, deeply discounted rights issue, which institutional investors quickly snapped up this week. The cash raised will help Sky weather the covid-19 storm and enter the broadband market next year. Shares were offered at just 12 cents each, diluting my holding considerably. But I’ve gone in for the full allocation available...

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