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Old 21-01-2010, 16:02   #10
richard1960
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Re: Sky ordered to cut stake in ITV

Quote:
Originally Posted by Chris View Post
Sky have been trying to make a profit by delaying the original instruction to sell for as long as possible. They have been hoping the share price would recover, seeing as they bought at the top of the market and are being ordered to sell at the bottom.

They have failed. Ha ha ha. That'll teach 'em.
It will indeed but it just goes to show how much "excess" cash sky have in their buisiness to throw around,i think sky have really pretty much written off most of this "investment" already without any apreciable effect on the company.

Sky seem to have a load of cash to throw at legal eagles also! Makes me wonder what they could afford to drop the subs by and still make bucketloads.

I had to laugh at this lesson for them though,poor little james no wonder he got shifted so quickly.
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