The Time Has Come, The Oggrus said
To talk of many things
Of shoes and ships and set top box
Of cabbages and Kings
And why the sea of streaming is boiling hot
And whether Sky has Wings.
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The Time Has Come, The Oggrus said
To talk of many things
Of shoes and ships and set top box
Of cabbages and Kings
And why the sea of streaming is boiling hot
And whether Sky has Wings.
Rugby league: New Zealand and Australian teams pull out of 2021 Rugby League World Cup
https://www.nzherald.co.nz/sport/new...ectid=12459716
Didn’t Spark win the rights to this recently? Might look less appealing without NZ and Aus
OGG if you do sell out can you please post it on here at least 5 minutes before the market close. Reason being the day after there is bound to be a takeover and I want to get long in advance.
Cheers & Thanks
S/L
but my good friend OGG .. for all the time you spent in the kitchen pondering all things SKY & looking up into
the clouds for guidance .. surely you must have had thoughts of things better than Zero & BankruPtcy ? ;)
Some may have thought you hinted earlier that this one could be a five or ten bagger .. ;)
going to start notching the days on a belt.
It just further highlights to me why Vocus would want Sky, given the low valuation Sky currently has (and opportunity for a bargain).
If Vocus hooked up with Sky, they would more than triple their operating cashflow to $220M+ (and that is before they realise any synergies).
It seems like the expectation is that telcos get a EBITDA multiple of ~9. I think that is ambitious for 2Degrees and Vocus, but let's just go with that as this is roughly the Spark valuation. And the investment bankers seem to think Vocus and 2Degrees could get near it.
So Vocus-Sky would have Day1 EBITDA of ~$220M. Even if they get a lower multiple of 6 to start with (given most of the revenue comes from Sky, and their industry is still changing rapidly...) that would still be a market cap of $1.32B. a multiple of 7 would be $1.54B. This is before synergies are realised and growth (and the combined entity would be much better placed for growth through superior bundles than as standalone entities).
Well, if Vocus is worth $700M, and even if they pony up $500M for Sky (70% premium to the SP today)...they would make a gain overnight of $100M-$400M most likely. More if the market is optimistic about the Union. And then much more over the next few years as they grow rapidly.
It totally makes sense.
I would be shocked if Vocus was not part of the mix trying to do a deal with Sky.
If I was Vocus, and The Board would not play ball with a merger...I would go hostile. The potential gains over time are so enormous, I don't think they can let this deal go.
Let's see what happens.
https://hotcopper.com.au/threads/ann...-date.6178457/
FY results announced 25 August.
Quick everyone sign up to all SKY products to help with the "negotiations"
I'm a bit miffed at Sky's approach to new customers (could be a sign like management that they just dont care) - Pre broadband I tried to get the Sky Satellite reconnected at my property. Tech came around and asked a few questions and then said I would need an electrician to run all cables etc as I did not want cables running all over the place. I have a TV mounted above a fireplace.
Anyway The only reason I had been looking to get Sky was to gain access to Broadband as initially you had to be a customer.
The reason I am annoyed is I have not once been followed up with since having the Tech person around. I still do not have SKY hooked up and did actually want to get it sorted. As the customer I am not sure why I have to chase/ follow up on them. If they want my money chase me I am not in a rush to flush my money. Any have since decided I can live with out the connection as I have SKY Go via a "friend" which I now is not what they want but if this was a standalone product/ or merged with Neon then I would even need to use a friends or better yet if SKY had chased me I would have been paying the higher fees and also a broadband customer.
The soon this so called Merger/ Buyout happens the better. As this one needs a massive shake up. I am only just here with you other holders and do see value in this company but...... tired so tired.
Full year result better be bloody fantastic.
bledislow & Rugby Championship schedule in the balance somewhat with travel bubble closing for 8 weeks.
With first game on Aug 7th - NSW located players will have to fly by tomorrow to have any chance of completing 14 days MIQ in time for Aug 7 game. Players in all other Aussie states can highly likely travel to NZ quarrantine free for the next 7 days (if they are classified as "economically significant" which they will be), before MIQ becomes mandatory.
I would bet there is some shuffling of games so all NZ based games with AUS/SA/ARG can be played here in sequence over 4-5 weeks, before the whole comp maybe move to Australia for the 2nd Half.
thanks goodness the olympics are on to cover sports fans for a few weeks, would probably be safe to move that Aug 7th game out a week or two if needed.