To restore confidence in Sats, its board and management should buy the stock

THE board and top management of Sats should announce they will each personally buy a meaningful amount of stock in the market after the company’s scheduled release of its half-year results later today (Nov 9).

This is not a big ask. Shares in Sats have fallen dramatically since the company announced the acquisition of Worldwide Flight Services (WFS) on Sep 28. Even after the rebound over the past fortnight, the stock is still down more than 30 per cent.

The company has said the acquisition would boost its pro forma FY20…

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