Except with Ironbark the drill was actually definitely happening!
This is just more speculation about a takeover or merger! We have been here before!
Ha!
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https://hotcopper.com.au/threads/ann...st_id=53597530
Did anyone else see this investor comms?
Could be related to the investor day movement? From earnings call dated 22nd Feb
Arie Dekker, Jarden Limited, Research Division - Head of Research [11] ASKS:
And could you talk to where those -- so you do have some negotiations ongoing. Do you think, in terms of your position on those negotiations, that savings are achievable in calendar year '21?
Sophie Moloney, SKY Network Television Limited - CEO, Chief Commercial Officer & Company Secretary [12] REPLIES:
Yes. I think -- I mean we're in really conversations, particularly with New Zealand Rugby on behalf of SANZAAR about the impact on the agreement that we signed up to in 2019. We're partners, and we're keen to get clarity on those impacts ideally before 30 June.
As an aside, this exchange is also quite interesting. Sounds as though a "significant" cost saving is incoming.
Wade Gardiner, Craigs Investment Partners Limited, Research Division - Senior Research Analyst [34] ASKS:
And finally, have you given -- have you disclosed the sort of the size of the Optus savings that you'll get in second half of '22?
Sophie Moloney, SKY Network Television Limited - CEO, Chief Commercial Officer & Company Secretary [35] REPLIES:
Great question. I'm not sure. We'll have to go back and see because some of these were baked in when the deal was first entered in 2018 or '17. And then we obviously achieved further savings when we confirmed the deal last year. So that's one we'd like to be able to come back to you on. I don't have that on hand.
Andrew Hirst, SKY Network Television Limited - Interim CFO [36] REPLIES:
They are significant.
Sophie Moloney, SKY Network Television Limited - CEO, Chief Commercial Officer & Company Secretary [37] REPLIES:
Yes. They are significant. Yes.
Andrew Hirst, SKY Network Television Limited - Interim CFO [38] REPLIES:
It's a December 2021 picture. So not going to have this financial year. It's an outturn. We might provide more detail when we give guidance for the full year, but it is significant
This paragraph has been made up and added on hotcopper.
“ The stage we have reached on these initiatives has led us to move the date of our Investor Day. These are significant decisions for Sky and ones that will shape the future of our business. While we are close to making recommendations to our board, we are determined to achieve the best outcome for customers and for Sky while also ensuring a more compehensive story can be shared with our investors"
Seems like a feeble attempt to mislead.
FROM THE NZX ANNOUNCEMENT. NOTHING ADDED.
Sky will be holding a virtual investor day event on Tuesday 29th June commencing at 9:00am and scheduled to conclude at approximately 12:00pm. The event will be webcast and will include presentations and opportunities for Q&A, with a replay available on Sky’s website.
Sky’s investor day will provide an opportunity to hear from Chief Executive Sophie Moloney and key members of the Sky team who will present on important aspects of Sky’s future strategic direction, including how we plan to stabilise and then grow our Sky Box customer base, grow our streaming customers, and continue to be a preferred partner for content creators and rightsholders.
Investors and analysts are warmly encouraged to register for the event.