SKT - Sky Network Television

[Mysterion]

Means chair could have purchase but opted not to

Imagine actually voting for his re-election at the AGM!!!

[Mysterion]

-CEO could have bought 2 days after results (like last year big purchase)
- Stock drops significant amount.
- Buys 1/5 the amount to save face

[Mysterion]

Me looking for other director purchases

[Mysterion]

- The last 400 days
- One director purchase
- Total = $45,000

[mistaTea]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/400468/381069.pdf

CEO on market purchase = no secret takeover happening!!

Token amount from SM relative to her salary, but still more invested that JF ever had so that is something I suppose.

Decent chunk invested by Bowman too. Though I still point out that he is a multi-millionaire, is Chair of the Board...and even after this latest purchase still owns about 60,000 shares less than I had at my peak.

[Mysterion]

Decent chunk invested by Bowman too

They both know the AGM is coming up!

[Mysterion]

It looks sus that these are both on the same day.

As if a takeover was happening but then it got pulled because of market conditions

Or CEO and Chair talking about AGM and then deciding to both buy together!!

[Mysterion]

I guess they were both waiting for the Rugby World Cup deal to close before buying maybe?

[mistaTea]

They both know the AGM is coming up!

Yeah, it looks good...but neither of these guys are stumping up a large amount of cash relative to their net worth.

SM total package is $1.26M. So a 45K investment is only 3.5% of her annual earnings.

Or, in other words, 1.85 weeks pay. Not even a fortnights wages.

So although it is good to see the board and management buy more shares over time, I don't think anyone needs to get too carried away with the notion that this is a 'big vote of confidence' either.

[Mysterion]

Yeah, it looks good...but neither of these guys are stumping up a large amount of cash relative to their net worth.

SM total package is $1.26M. So a 45K investment is only 3.5% of her annual earnings.

Or, in other words, 1.85 weeks pay. Not even a fortnights wages.

So although it is good to see the board and management buy more shares over time, I don't think anyone needs to get too carried away with the notion that this is a 'big vote of confidence' either.

They get a heap back remember because of the cash return!!!

[Mysterion]

Stock closed at $2.11 the day before they bought!

Bowman buying at $2.22 so they must have pushed the price back up to that level.

[LoungeLizard]

They both buy on the same day coming up to the AGM. It looks extremely cynical and, relative to their wealth, a token gesture. SKY board never any good on assessing optics - they either think we are stupid or they are. Can't decide which.

[mistaTea]

They both buy on the same day coming up to the AGM. It looks extremely cynical and, relative to their wealth, a token gesture. SKY board never any good on assessing optics - they either think we are stupid or they are. Can't decide which.

It will be interesting to see how many votes go against Pooman for re-election.

Instos will probably just vote for him to keep the status quo, not rock the boat etc. But there may well be a sizeable protest vote.

[mistaTea]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/400468/381069.pdf

CEO on market purchase = no secret takeover happening!!

Still waiting for you to tell me that I was right.

[Mysterion]

Still waiting for you to tell me that I was right.

Me = six figure profit
You = $40k loss
You = right