Same thing happened yesterday - sellers came out at $2.50 and market started below Monday's close.
Then the institutions started buying.
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We need Osmium to come back and lift their ownership stake to 10%.
Maybe they are buying, but slowly so the SP doesn't lift too much.
They bought NZME in waves...no reason to think this should be any different?
This is where Ogg comes in handy...the level of research he is able to do is quite remarkable. He doesn't always draw the right conclusions imo, but he is able to dig very deep on these issues!
https://www.nzherald.co.nz/business/...R2NPK5RWP5AOE/
Another one bites the dust - bye bye Freeview.
They hoped to be the 'aggregator of choice' for the free channels and it didn't work out as the TVNZ On Demand app is really good. Three NOW also getting big improvements with their new owners. So buying a STB to get all free channels in one place clearly wasn't appealing.
I think it is more good news for Sky though...another option removed. Those that just want legally 'free' content are well served with TVNZ On Demand and Three Now if they have fast internet...or Sky Starter if they live out in the whop whops.
But if you also value paid content from HBO, Showtime, History, Sport etc in addition to the free channels...there is only one place for it.
Hopefully Spark Sport throw in the towel at some stage too. It is just annoying for Sports fans now, and I can't see that it is really paying off for them. I can see that their shareholders have had to stump up a lot of cash to build and maintain the platform and secure the content they have bene able to get.
After much fragmentation, I think you see the inevitable move to consolidate again. The bundle lives on.
Didn't even know about Freeview "on demand".
As long as my dad can still watch "free" contents on Freeview he'll be happy. :)
Just looking on their website...if you want to have the ability to record Freeview then you need to buy one of their DVR boxes...$450!!
Sky Starter + MySKY = $41/month. So buying the Box would be 11 years worth of Sky Starter + MYSKY...and less channels (Discovery, TLC, Music channels, kids channels etc).
If you don't want to be bothered with recording, and just want Live TV you could get a SmartVu dongle for $119. But the value in this is diminished with OnDemand disappearing next year, and the channels available for streaming are less than what is available via UHF or satellite.
If you don't want to record with Sky, you can get the standard decoder for 'free' and just pay $25.99/month for Starter. So the cost of the dongle is about 4.5 years of Sky ex MYSKY...but you would have more channels with Sky, and the ability to watch some of the content On Demand if you connect the Sky Box to the internet.
Freeview doesn't seem that compelling to me, compared to other available options.
In Spark's Annual Report, this is their write up on Spark Sport:
"Spark Sport
Spark Sport offers a range of local and international sporting options includingrugby, football, cricket, tennis, motorsports,basketball, MMA, racing, boxing, golf,hockey, e-sports, and athletics.
During FY21 we delivered our first‘summer of cricket’ in our seven-yearpartnership with New Zealand Cricket –streaming over 3 million hours of livecricket into New Zealand, with nearly240,000 Spark Sport viewers tuning in towatch the BLACKCAPS and WHITE FERNS.
We gained broadcast rights to the MotoGPfor the next three years and ventured intothe pay-per-view arena, exclusivelystreaming fights from some of theindustry’s biggest names including JosephParker, Dillian Whyte, Alexander Povetkin,and Israel Adesanya.
In June, we acquired the full and exclusiveNew Zealand rights to the UEFA (Union ofEuropean Football Associations)Champions League, UEFA Europa Leagueand UEFA Europa Conference League forthe next three seasons."
Merely stating a few 'factuals' about what rights were acquired over the last 12 months...but certainly not screaming from the rooftops about what a resounding success their venture into Live Sport has been, and that shareholders should brace themselves for more game changing catalysts as they double down on Spark Sport.
Maybe they will stick it out - but Jolie has certainly seemed much less bullish on the idea. I haven't even seen anything from Jeff Latch for a while either.
Have they gotten themselves into a bit of a pickle? That NZ Cricket contract is very long. 7 year commitment!
Yes indeed!
I was actually thinking months but wrote years! Ha!
My excuse is I am feeling sick today...just got up from a 30 minute Nana nap which I never do. That's my excuse and I am sticking with it anyway.
Sky for $41 a year...we would have gone bust a long time ago... :D