If anything were happening in the M+A space, this CFO appt would probably be more in line with vocus merger or buyout, not comcast
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Yeah, there could be an endless range of reasons he may leave his current role. Could also be that he has achieved what he wants at Vodafone and wants to do something brand new, where he can take ownership. A Fresh start.
Could be something else entirely, and we can speculate until the cows come home.
But one thing is clear (in my mind)...he has discussed Sky with the leadership, taken a look at the business and what things they are planning for FY22 and beyond...and he likes what he sees. He may be wrong, but clearly he believes there is a solid future for Sky TV or else there is no way he ditches the comfort and certainty of Vodafone for a role at a business that is doomed.
Been reading some of John's old letters to shareholders...man that guy really knew how to write letters that educated you on the business.
Not the stock standard corporate bs you got from Martin and now Sophie. A bunch of words that say "we must do better" and blah blah blah but does not actually leave the reader any wiser as to what is happening with their business.
He reminds me of Buffett in the way he wrote his letters.
I do miss John.
Yeah, he built one of the largest businesses in NZ pretty well from scratch. They were still broadcasting UHF when he first took over as CEO!
Once he saw NETFLIX come in and understood the ramifications of OTT he created a terrific plan to secure sharehodler value by doing the Vodafone merger. Comcom absolutely f*cked him on that one, and I think most people think that was a bad decision in hindsight.
He did make a few blunders along the way, but he got way more things right than he did wrong...and he did always have shareholders front of mind. He would get outbid for rights all the time because he understood the value content had, and would not overpay.
Anyway, I could go on - but I am a bit of a JF fanboy I must confess.
I would welcome him back on The Board. I think it would do the business a lot of good.
John Fellett....a chief exec with very few shares and little financial stake in SKY. It did not inspire confidence.
Just FYI SKY broadband is reducing fee.
As I do not have Sky starter anymore. I am paying $109PM - This is being reduced to $99 dollar PM from 1st of October.
It was just a random no caller ID that informed me.
I assume you should get a discount as well MistaTea
After 30 years the wife saw red the other day,and rang Sky.Repeat after repeat,after repeat,after repeat,after repeat.
Our bill per month reduces from $114.29 to $70.22 for a year.
Be interesting fun seeing if Sky are successful in increasing our bill in a year's time.I have my doubts.
I only watch the All Blacks or Canterbury rugby.