But I am still High on Sky mate.
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I'm losing any hope in this share... Starting to think we should put a puppy in charge? Imagine the positive press and maybe share gains from the attention! At least puppies are loyal and can't fly off to the UK! If it gets called a dog, it might as well truely identify as one.
Just got an email saying they are introducing Sky Rewards to start treating their loyal customers.
Will give options like free channels, free MySky and also sports and entertainment experiences.
Good move.
Mistatea …you are needed over on the MHJ thread …what’s the profile of Railto watchers
Jimdog and I were chatting the other day, and one of the things we discussed was the aggressive discounting Sky does to reduce churn.
This has always been an issue for Sky since forever...they did stop the practice for a while under John Fellet because it just upset loyal customers who don't complain, while only retaining marginal customers for a little longer.
Anyway, I think the new Sky Rewards is a great way forward for Sky.
https://www.sky.co.nz/skyrewards
If they get the rewards right (the longer you stay, the larger the rewards) then they won't need to offer big discounts anymore to those who call to cancel their sub.
I have just come up 6 months with my STB sub, so should start being offered loyalty rewards soon.
Probably good idea to ignore this thread today :scared:
Picked up another 5K shares @$1.79.
By the time they settle on the campus early next year, they will likely have ~$100M or so cash ($55M property + $35M cash at June 30 + additional FCF generated since).
So purchasing Sky at a market cap of ~$300M - $320M at the moment means you are effectively buying Sky TV's operations for $200M.
Happy to keep building my position over time.
New interview with media OG John Malone out today, think with CNBC, if you need time away from watching the SP. Having problems attaching link, apologies
Don't worry MistaTea. You will either be richly rewarded, or harshly punished, with this one. Hard to see the middle ground. FIngers crossed a big announcement on this one for you lot.
On the subject of announcements, aside from the adhoc surprise announcements, do you know what the next dates are for earnings releases etc?
Not liking the depth on this, in saying that I could buy back in now but will the slide ever stop.