One serious bidder for 14,000 at $2.40.
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One serious bidder for 14,000 at $2.40.
Well, it goes without saying that Sky (and any other business) should always be on the lookout for efficiencies, savings etc. And if they really can get better outcomes while saving money by sacking the locals and hiring from the sweatshops, ok I suppose.
The bigger issue for Sky though is that they are still yet to articulate a cohesive growth story that is believable. Even in the latest update all Sophie can offer are platitudes.
I mean, ok Sophie - sure. But what does that actually mean? She cannot tell you because she doesn't know.Quote:
“Our focus at Sky is to deliver excellent experiences for our customers, grow new revenue streams, carefully manage our costs, and maximise the value of our exceptional range of content,” said Sophie Moloney, Chief Executive.
So far her best idea was to buy Mediaworks. And that was an absolute stinker - they are also bringing out the firing squad to desperately cut costs according to media.
And I can still hear the crickets in the distance in terms of the ground breaking (LOLL) new STB that hardly anyone is going to want. Be very interesting to see if SM can commit to a launch date. I mean, even those who don't like my criticisms have got to admit - for a company whose main revenue source comes from STB customers...to be finding it so difficult to launch an upgrade is pretty alarming.
And let's not forget - we should have had the new STB launched in 2019 (when it still had a chance of being relevant). It was called Infinite Video (Cisco) and Martin decided to kill the project when it was near completion and Sky had already spent ~$40M in development costs. At the time his view was we could bleed MYSKY customers dry and focus on launching apps instead. I thought his idea had merit, but somewhere along the line Leadership changed their mind and decided a new STB was needed after all! And so now more cost, more R&D, and so far just a soft launch to a few to trial it.
Just an absolute fiasco.
I think the resuts for the HY will be fine. A modest divvy will be handed out, and some of the posters salivating for some sort of an on market buyback may yet get their wish. This may provide opportunities for short-term trading of the stock.
Some small panic sellers or suspect manipulative sellers in advance of the results. Hardly think that they are in the know. So am confident that the result tomorrow will chase the SP to at least $2.70.
Downtrend intact.
Announcement of layoff's did nothing to change market sentiment.
Wasn't enuff to bring the former perma-bull Mr T back into the fray.
There is no downtrend. The TA uptrend from 30/9/22 is still well intact, in fact the golden cross (50MA up through the 200 MA) was 10/2/23. Technically this SP is still in good shape, it would have to fall below the longer term 50MA, and about $2.35 to even consider that the current trend has reversed, albeit all basic indicators are saying sentiment here has topped out. Tomorrow's results will no doubt influence this.
No one imo should give a toss what MistaTea has to say anymore, he was serial upramper when he was holding and a serial downramper when he's not (totally biased). No credibility anymore imo, none, he shredded his credibility when he abandoned SKT after ramping it for years during a down trend, and has slagged SKT and the Board and management ever since it has recovered, now vocal on another site.
Very aptly put and to the point Baa_baa.
A significant portion of their market is low effort couch potatoes who have a low churn rate. These clients are too valuable to be put through a "your call is important to us" phony rigamarole common to overseas call centres where endurance is required to resolve issues.
Boop boop de do
Marilyn
So let me get this straight…
When someone is actively buying a stock because they are bullish on the future prospects…and then some time later that same person perceives that the situation has changed, is not satisfied with Board/Management decisions and no longer believes the company has an especially bright future…and sells his stock by virtue of now having a bearish outlook on the company… you think that is odd/wrong?
If life was as simple as upramper/downramper then I would have held on to my stock and kept ‘upramping’ regardless of personal feelings/opinion as we led up to the dividend and capital return. But I did not.
I appreciate a number of you probably regret not selling out when volumes allowed, but let’s not attempt to rewrite history.
Good set of numbers with 6c interim divvy and $15m buy back. Positive outlook with focus on more payout and FCF generation.