I don’t think so - they clearly say a 3.8% decline in skybox customers
they had 47k additions, and 69k disconnections - net loss of 22k skybox customers.
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Does anyone know how much the consolidation is going to cost in nzx fees?
Selling quite a few this morning, sorry guys gotta beat Ogg to it
$35 million cash on hand. Another $7 million coming apparently in September from the 2nd tranche of OSB purchase. And of course the property sale will deliver a nice big chunk of change. Given NPAT guidance I think it’s reasonable to assume in 12 months time it will be somewhere between $80-$100 million cash on hand depending on the property sale amount.
Yes, it is BAU until we see the properties get sold and The Board explain what they will do with the cash.
Hopefully we don't have to wait until the end of October to find out.
Other than that, they have exceeded expectations for FY21, and FY22 is in line with previous commentary.
Everyone bear in mind the earnings call (video webcast) is coming up at 11am, so we might get some more clarification on dividend intention etc then. They did previously say they would look to reinstate dividends in FY22. Also undoubtedly get some analyst questions regarding takeover offers.
Live video webcast is available to watch here: https://globalmeet.webcasts.com/star...key=7a0dc9ec97
The wording potential sale feels like they still don't have a buyer? Maybe more negotiations happening?
From slide 29: The Board continues to consider capital management options, includingpotential for dividends, in the context of the strong balance sheet, options forproceeds from the potential sale of property, and the need to reinvestoperating free cash flow in FY22 into growth initiatives
Offset by$10.3m of one-off costs relating to content impairments and the mutuallyagreed exit of the former CEO
Martin should have had to pay his salary back for the death issue.