What about the possibility of a special dividend coming? There's been a couple of hints. Would need to be about 1$ per share though :)
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Sorry Couta1 I agree with Baa Baa and bull on this one. The trend is towards online content now whether that's watched on smart T.V's, computers, laptop's, tablets or phones that's the way things are trending and I also think SKY's content is vastly over-rated and outdated for what they charge. SKY is a dinosaur dying a very long, slow and painful death IMO.
I think if they keep getting content they will be "ok" but they need some sort of growth and broadcast isnt the way to get it. I am not sure media is the answer at all, I think rather than special divies or share buyback which is a possibility as noted in their AGM, they should be looking at spending a chunk on a broadband company/business. They have to start clipping the ticket as are Spark/Voda are doing at the moment.
As FTalphaville commented when talking about Sky UK's results, anyone with the slightest technical ability can watch anything Sky show for nothing (apart from the cost of a broadband connection).
You might have misinterpreted what I was trying to say, I was using SKT as an example of a share that had a SP appreciation on a profit downgrade and I see Air currently in a similar situation yet with better long term prospects. So basically I see the Air share price has more reason than Sky has to head north given time if that makes sense?
I have had Sky since they first came to Christchurch,and have two decoders..
I have it for Formula 1 and Rugby,while the wife watches UK TV and old films.
I have tried to watch The History and Discovery channels only to give up because of the ads.
Formula 1 and Rugby are both boring at present,so I have not watched any TV for some time.
The wife complains there is nothing worth watching.
It would appear Sky have a problem.
I sold my shares a long time ago.No use trying to swim against the current.
ps.I finally cancelled my subscription to Sunday Star Times,so Sky is next on the chopping block.
the content they got is rubbish, except soho but to get that means the cost of the product goes up to nearly $70 per mth.
compare if you have a broadband package with spark light box is free so you save $70 per mth if you get Netflix as well $15 per mth you still save $55 per mth + free channels on freeview
why would a broadband provider want sky? pay for a declining product be a waste of money in the long run against Netflix
people want all you can eat tv on demand - full stop