https://www.stuff.co.nz/business/opi...ver-for-sky-tv
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You will be right here LEK
After 5 years or more of declining revenues they finally reported growth in H1 this year ….albeit a small 4%
And guidance has H2 growth somewhere between slightly negative and 5% - hardly outstanding
Does one half and hopefully a full year growth say the long term decline is over ….maybe flat at best and if so only a small setback stuffs that growth
Bit sad if what you think is true …..reasonable assumption ……and where do we go if true.
Sky needs to be taken over by someone like Comcast or Warner-discover…for vertical integration…
Or someone like 2D to become a telco.
In the long run, sky either need to own the content or the network. Remaining a content aggregator in its current form does not have a bright future in the long run.
And they have the means to change - but going after rubbish ‘assets’ like MW is completely the wrong direction.
I don’t see Foxtel rushing around looking for a radio station to buy.
What’s your view of an annual dividend? 20 cents per share? $35m annually?
I think they should pay more this year - $100M total.
Return the $55M from the property sale (31.5c/share). As a tax free payment or buyback.
Then a $45M dividend (25c/share).
Should be able to pay $25M divvy the year after comfortably.
And that would still give them plenty of money to enter areas that actually do have value (I.e more telco services like mobile).
Also gives them money to upgrade systems so we can bundle broadband with neon and SSN.
Just nuts that after all this time we can still only offer broadband to STB customers.
Was nice to see Sophie at the netball final yesterday.
Very nice.
Yep.
Obviously the dips in the last coupld of trading days is more to dow the the general fall in indexes etc.
But having the market grapple with a questionable purchase of MW at the same time has made for a perfect storm.
Buyback and divvy looking much better.