🤣 yeah right 😂
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Someone just grabbed a whole $9 dollars worth at 16.9
I know right...
Last email I have from Sophie is via Computershares and was titled Sky Network Television Limited - Interim Results and Report 2021
Attachment 12568
Another much smaller offmarket of 500,000 @.17
Deleted previous post - looks like it was a Buy off market.
Good to see Ogg owning up and taking responsibility.
I mean Klogg.
No connection, ones a fixated comedian the other a very astute researcher of equities.
Mista please do post if when you get a reply form investor relations. I would like clarity about that post on HC.
Bought quite a few more today at .17
I see there was a sale of 871 shares at 17 cents a few moments ago
Ahhh, how things change.
It was only about three and a half years ago that Vocus likened Sky TV to a North Korean dictatorship...
Now we have a mutually beneficial broadband partnership and who knows what else the future might have in store for the new besties?
United States entertainment giant Discovery paid $20 million in cash for TV3, Newshub and the rest of MediaWorks’ television business, accounts filed by MediaWorks with the Companies Office show.
The sale price illustrates the low valuations now attached to mainstream media assets as a result of the shift of advertising revenues to the internet.
Sky TV involved in takeover Ogg!!!!
RP buying Sport Analytics...
@ogg what do you do for a job? you are bloody great at these memes.
Part of the reason I have held is because of Ogg but also Mistatea. As well as a few others.
As well as my own DD.
SP sub 17c already.
Stop dumping your shares Ogg.
I ass ume we will hear more about the Rugbypass number at the investor day. Be interesting to know what the uptake was for Super Aotearoa.
Re broadband - I am see more and more adds on the social platforms. I have also seen that you can sign up now even without been a SKY sub costs 109PM for non Sky. But that is on par with others and Sky is faster so they say.
I wanted to get but at the time needed to be Sky needed to get dish relocated and required electrician to move and run wires. I did think it was odd that the tech did not do this and found it odd that if they could not do they didn't have a recommended person. Unfortunately I still have not done and have not been followed up by tech to install Sky.
Soooo..... I am only a Neon customer right this moment. I know slack shareholder. But slack SKY as well , I thought they would be hungry as for a new Sub. oh well I will eventually get it sorted.
Ogg is Singapore he has always said he will take this company over if nothing happens.
https://broadband.sky.co.nz/
You can even get a 100Mbs fibre plan without being a Sky customer. $89/month as a standalone or $69/month if you have Sky starter.
I think the Investor Day will be great for updating the numbers on broadband, RP etc...
But also the plan moving forward for offering broadband bundles with streaming services. The existing deals are great for existing satellite subs...but I don't think brand new customers will be rushing at the door to get a Sky Box installed so that can save a few dollars on internet. It helps keep the existing subs 'sticky', but that is it.
A new STB could change all of that.
But the NEON/SSN bundles have the potential to be very popular I think.
****
Of course, all of this is moot if Sky goes into a trading halt before the Big Day!!
Stock Takes: What KiwiSaver's $400m cash injection means for the NZX
I hope this headline in today's Herald bodes well for local shares like Sky TV :t_up:
I am really looking forward to the Investor Day. I think there are going to be a lot of very exciting things to cover and it has been a really great experience personally watching this business transform.
Sky is completely different now than it was two or three years ago.
I don't care much about the SP as you all know, except for it potentially encouraging unwanted takeover advances. Fortunately that has not happened (as baffling as that seems to me!).
I am absolutely open to a takeover - I am an investor at the end of the day. But the price has to be right.
I wouldn't like to see Sky go for any less than $700M in it's current state, given where the business is in its transformation and how much cash it still generates its owners. $700M would be 4x EBITDA (or about 4.8x adjusted EBITDA - IFRS16).
Those are low EBITDA multiples, and I think Sky is worth a lot more than that long term. But in terms of 'where the business is right now' and the changing environment, we can't really expect higher multiples of 6 or 7.
If anything does happen in this space prior to the Investor Day, I think anything under $700M would be selling Sky owners short.
I initially did as I was on a very crappy ISP. But the hassle of trying to get the Dish up was not ideal. It would have been fine if I wasn't a fussy customer.
The sooner they offer “skygo” as a standalone streaming service the better. Basically all the fat margin they get from skybox customers, without any of the associated upfront costs (dish/box install, box maintenance/replacements etc), and also wholesale it out to others.
Possibly need to simplify the lineup again to just 3 primary content choices: starter, sport & Neon (premium TV+Movies)
- make a $10 a month skybox rental fee mandatory (no more free boxes)
- charge $99 for satellite install, no charge if using skybox over internet connection.
- recombine “entertainment” package back into “starter”, keep same pricing as “starter” currently is ($26 - or maybe increase to $29.99)
- potential to break out “news” into a $5-$10 a month bundle.
- combine movies/soho, but decrease new combined package to be essentially the same pricing as Neon ($16 - it’s almost identical content anyway, perhaps increase Neon to $19.99 anyway)
- INCREASE sky sport pricing to align with skysportnow pricing ($40 a month or $33.33 month if annual pass), but allow people to have it without any other Sky packages (so skybox & sport only would be $50 or $43.33 a month)
- do not offer skygo for free to skybox customers (that is a debatable call, but I know a lot of people who give another household essentially a free sky subscription by letting them use the skygo streaming app, at the very least charge a “multi room fee”). This could be solved another way if the new skybox can reject skygo being used while someone is watching skybox, so subscribers could still have skygo streaming for free, but only when no one is watching the skybox).
so monthly fees would be
~$40 for skybox+starter,
~$50 for skybox+sport.
~$60 for skybox+starter+NEON
~$70 for Skybox+sport+NEON
~$80 for skybox+starter+sport.
~$100 for skybox+starter+sport+NEON
potentially give some bundle discounts if it’s really warranted for the top end bundle.
add Sky broadband to any of the above packages for +$69
$10 discount on above prices if not using skybox (using skygo online or viewing channels on Vodafone tv etc)
(personally I would go for a Sport+NEON+News+Broadband bundle for $140 a month no questions asked)
I think something like the above will happen if people are still disconnecting in droves, but who knows maybe the secret unsaid plan they will never admit to is simply to keep charging as much as they can to skybox customers and keep letting it dwindle to terminal levels while they build the streaming user base.
I did have a chat with Martin before he left, and one of the things I asked him was why we have not released Sky GO as a standalone yet.
He pointed out that Sky do not currently have the right to do this. In all of the many MANY contracts we have...Sky GO is written into those contracts as a companion app to a Sky BOX. In order to have Sky GO as a standalone streaming service, all of those contracts need to be rewritten and potentially renegotiated.
This is not an insurmountable problem, and it is just a matter of time I think before it happens...but it is not as easy as just flicking a switch so that Sky GO is offered standalone.
I agree that, as a streaming service, there are more opportunities to simplify bundles and make them more attractive from a cost perspective. We need to remember though that the MySky fee generates a lot of cash for Sky - over and above the upfront costs of setting customers up, sending new boxes when the old one breaks (which hardly ever happens - the current boxes last forever).
So yes there is room for improvement in pricing, but if everyone handed back their STB and just took Sky GO there would be a revenue hole.
I still think it is absolutely the right way to go long term, and new management are not afraid to cannibalise old business units...but it is a consideration for 'how' you make the change.
I do not agree though with the notion of charging STB customers for Sky GO. STB customers will continue to generate the highest $$$ per customer by far for a long time to come, and if anything we need to be finding new ways to add more value.
The whole password sharing thing is an issue, sure - but you find that if you add a lot of value for a reasonable price you will have no issues growing your paying customer base. Sky GO only allows you a single stream. I would not share my password with anyone because if someone is watching something on the STB and I want to watch something else...I might not be able to use Sky GO (that I am paying for) because my mate is streaming something on it. I would have to ring the person up to tell them to get off... just a hassle.
I think the sharing issue is more of a problem for NETFLIX. a Premium account is about $20/month? But you can have 4 simultaneous streams! A household could easy share their log in with 1 or 2 other households with no issue.
I think they have said publicly they are working on standalone skygo (or am I wrong on that possibly?) - agree on the rights negotiations trickiness to get that done. But it’s common place in the US now to be able to get cable bundles via an online service (HULU offers this), so hopefully most content providers are happy to add this as they realize it’s in their best interest.
agree restricting concurrent skygo access would be a big move and would be seen as a negative by most, but if done at the same time as a big drop in entry pricing I think many would understand and take the tradeoff of lower pricing or paying extra for ability to unlock concurrent use.
Reckon he’ll be back if the price rises too much before close tonight. Gotta keep that 5-day average anchored.
Or maybe I’m just trying to wind you up even further.
On a completely unrelated note... I was browsing Sky GO earlier and came across a program called 'Cheat'.
It is only 4 episodes but man it is really good!
It is on NEON too so if anyone is looking for something to binge this weekend, that's my recommendation!
I love British TV.
Warner bros.
Discovery
(In the SKY)
Well spotted, lol
Absolutely pie in the sky.
Discovery have shown that they have no interest in buying Sky TV. They are happy to own TV3 and have a co-exclusive deal with Sky.
Otherwise they would have made a serious offer for Sky by now. They would have pounced when the market cap was below $200M - God knows they have the money to do it.
If someone else makes a play for Sky, I would be very surprised if Discovery complicated things by putting in a counter bid.
I would be pleasantly surprised! But surprised nonetheless.
Cricket from Lords pretty boring last night ....maybe SKY not worried about being able to show it
Blair "Dem Gains" Woodbury joining Devoli as CFO.
I like the quote on his twitter
'Watching media and telco collide and trying to figure out what it all means'
Assuming there would have to be an announcement from this?
Didn't even require a market announcement.That's how bs the ex-CFO's latest 'role' was. I mean who works part-time at that level anyway?!
This is good https://www.nzherald.co.nz/business/...R3XOUCZMY6DMM/
Sky TV hooks up with Disney to lure broadband customers
I don't have children but to my friends that do Disney is basically a free babysitter.
Dont see why, this is purely a marketing promotion - this deal doesn’t put any Disney content back on sky’s tv platforms. Its simply an arrangement for Sky to give new broadband customers a free year of access to the Disney+ app. There is no Disney content coming to skybox or neon customers.
not in a million years, disney is all in on disney+, and spent billions of dollars buying out existing distribution contracts with cable companies to remove their content early from the pay tv platforms, there is zero chance they will do a 180 on that effort.
Sky is paying disney in this deal, not the other way around (disney has these deals all over the world, just like Netflix does as well - see sparks broadband Netflix deal). It’s impossible for this to be a loss leader for Disney, every new subscriber is 100% margin accretive for them. Whereas sky has to pay disney for every new broadband customer that takes up this offer.
Yes, sky are probably paying Disney ~9/month for subscriber. So they are in effect giving up their broadband margin for 12 months to attract new customers.
Disney+ is here to stay - maybe Sky can do a co-exclusive deal in the future to get some content back on the sky box. Maybe not.
Either way, this is good news I think. Keeps the relationship with Disney alive and Sky do need to be bold/aggressive to get the broadband numbers up. I would also like to see some kind of a partnership with NETFLIX soon.
If we look after our customers with great content, service and attractive pricing then we should have no issues hanging on to them in 12 months time.
sky are already giving a $30 broadband discount to skybox subscribers - who I’m guessing wouldn’t see much value in Neon? (If they have soho/movies content via skybox already that is. In fact giving them neon would cause those skybox customers to possibly cancel movies/soho subscriptions seeing as they are getting it for free through neon anyway).
Agreed - NEON is of limited value to the average sky box sub (who can stream all of their sky content on Sky GO now if they prefer streaming. Very good service now that you can Chromecast. Only 1.5 star rating on the App Store though! Some very negative comments but I have had zero issues with it and find the UX pretty good).
Sky need to keep adding more and more value to their customers as part of their proposition as an aggregator. I think the Disney sub will be much more attractive to a wide range of people than having NEON as an add-on to the Sky Box.
If they can get a deal with NETFLIX then they could give new subs the choice of 12 months of Disney+ or NETFLIX.
6 95 1:10:58 pm 17 2,204,553 $374,774 Off market 7 94 1:10:28 pm 17 1,368,647 $232,669 Off market
Ogg you must be close now
Sky Tv logo is different on the sharesies website, I looked it up the now black triangle sky logo and all I can find is under consideration in 2014, im not a kiwi so I don't know if this has always been a common logo here in NZ or they have recently changed to a old design idea?
IS anyone actually buying and selling? Massive offmarket orders and then tiny on market trades which I always thought was Bots or the Sharesies crowd. But seriously if sharesies who buys $1 worth of shares?
It seems this is already a logo, I was just curious as I thought if they are redesigning their logo what does this mean for a TO etc. NVM guys I should look more closely before commenting again
How does one do off market trades?
I like how Chris still 'makes it up' whenever he has a gap in his knowedge.
From the article:
Former Sky TV chief executive Martin Stewart favoured a major telecommunications play, with his company dealing directly with Chorus. He also said a Sky mobile phone service was "only a matter of time".
Under new CEO Sophie Moloney, the mobile ambition has been quietly shelved, and Vocus (owner of Orcon, Slingshot and Flip) has been brought in as a middle man - lowering costs and risk, if also eating into margin.
Well, actually Martin was the one who set up the whole Vocus deal - not Sophie. No doubt she was heavily involved in the negotiations but the deal was very much done under Martin's direction.
Also not sure about mobile being "quietly shelved". I think Martin is right that it is only a matter of time...he never put any dates on it, and Sophie will want to focus on embedding the broadband service before another major product launch.
If no merger/takeover is on the cards then it will be interesting to see what Sky do in the mobile space. Partner with Vocus for a virtual network or go with 2Degrees for their superior mobile offering?
it makes it more attractive to non-skybox customers maybe?
I use the spark broadband plan that includes free Netflix (and discounted NEON). I would consider the sky broadband offering with free Disney+, but:
a) I'm not sure if the free one year of disney+ offer is available to existing Disney+ subscribers (which I am) ad says: "Available to new and returning Disney+ users"
b) the 2nd downside - and this is a weird one - Sky broadband doesn't give me the same NEON discount that I get from spark. :confused:
1) Yes I think you would have to cancel your Disney + and then when you were out of subscription rejoin as a 'returning' cusotmer. A bit of a faff perhaps.
2) I think if you go down the Sky Box route you would ditch NEON. The Spark bundle with NETFLIX and NEON is compelling though if those streaming options cover all of your bases. Not sure many of those customers would switch to Sky Broadband.
Just got a response from a Colliers rep regarding the property sale...
"Thanks for the message. It’s standard for commercial properties to sell after the deadline as the initial round of bids will be firmed up, conditions resolved, etc. Often takes a couple of weeks post-deadline.
Recommend you follow Greg Goldfinch on Linkedin as he normally posts sale notifications when larger properties sell."
Sky still seeking new employers Yesterday advertising Legal Counsel.
About the role…
Become part of a supportive, friendly and highly valued legal team. We work closely with our business partners to manage legal and commercial risk, help achieve the best outcomes for our business and provide services that truly delight our customers. We’d love you to join our Sky crew, in a role that will challenge you, offer exciting career opportunities and invites you to bring your authentic self to work every day.
A Bit About Us…
We’re Sky, a media and entertainment company that has been connecting New Zealanders to the stories and sport they love for over 30 years. We’re proud of what we’ve achieved and are excited about where we’re heading. We’re redefining our boundaries and challenging ourselves to do better. We’re moving fast, listening to our customers, creating solutions and taking calculated risks.
- Responsible and accountable to the Head of Legal.
- Providing legal support and guidance to ensure Sky’s compliance with applicable consumer laws, including fair trading compliance and privacy.
- Providing legal support and guidance for the Technology business unit, including review, negotiation and drafting of key commercial agreements to deliver Sky’s Technology operations, broadcast, and procurement objectives.
- Keeping abreast of developments to key consumer legislation and regulations that impact the business and assist in advising senior management accordingly.
- Demonstrating and embodying the mind-set, beliefs, and values of a Sky crew member.
What you’ll bring…
- You will love learning about our business, our services and most importantly our customers.
- A friendly and approachable team member who enjoys building strong relationships of trust and confidence across the business.
- Ability and desire to take ownership of matters.
- Articulate and confident communicator.
- Growth mindset and enthusiasm to collaborate and learn.
- Confidence in working through change and uncertainty.
- Attention to detail, sound drafting skills and excellent problem-solving capabilities
Hi Alpha, Situations Vacant, where was the job advertised?
Seems as though Mr Singapore is out of action so far today, c'mon Ogg get them on your hot line :p
Was yesterday not the final amount..
There has been 52.9m shares traded off market since 17th of May.
Can someone please clarify how this could possibly be one substantial holder selling down their position? Doesn't The FMA require SPHs to disclose movements of 1% or more in their substantial holding?
A positive slant on a company coming back from the abyss. Who is that guy with Sophie?
I have found a fundamental flaw in the SKT analysis which could be the reason that it hasn’t been taken over yet….
https://imgur.com/NfEyrGw
16.5
What’s going on??
Spark won the rights to screen the Rugby League World Cup.
https://www.stuff.co.nz/sport/league...ague-world-cup
Good move for Spark, though with risk given the Covid situation. I will also watch with keen interest to see if subs get this tournament as part of the $20-$25/month fee (depending on whether you have another spark service) or if they will sting consumers with a tournament fee.
Sky have broadcast the last four, and already have the NRL rights so they would have wanted to keep this. Spark will have paid handsomely for it like they did with the RWC.
It has been clear for a long time that Spark Sport want (need) to get the NRL. Especially since NZR is off the table until 2026 at the earliest.
So let's see how well Sky has done in cultivating that relationship. NRL has been an important part of the Sky Sport calendar, so Sky will be aggressive in keeping this contract I think (even if it means letting others go). Spark will have to pay way over the odds to get NRL I think.
Maybe they will, let's see.
Negotiations would be starting soon I would have thought. Not sure if Sky has first rights of negotiation like they did with NZR.
Woweee!!!
6 216 2:31:20 pm 16.4 8,700,000 $1,426,800 Off market
I give the share price until the end of June otherwise I'm out.
My reaction every time I watch you stressing.
Great to see some liquidity after a slow week, massive numbers with some big trades - just ashame about the price
The overhead Sell volume depth in the 17's is a massive cap to this going anywhere soon, especially as there will always be some who keep dropping into the Bid. Imo nothing will move this SP positively unless financial metrics keep improving and client losses abate or turn around. So we won't know either of those until something is announced. All the chatter about takeovers etc is just bored shareholders lamenting the lack of price action in their favour. How many did they issue at 0.12?
Can’t get my head around today’s price action. Rugby League World Cup rights might be good for Spark short term (no doubt league fans will feel compelled to sign up). But is it bad news for Sky long term? NRL/State of Origin make ongoing Sky subscriptions compelling for League fans.
Disc: don’t care about League that much. Loving the Euros football coverage ATM.
Duplication
https://www.stuff.co.nz/business/300...r-tv3-revealed
After Netflix, Amazon, Disney, TVNZ, SKY...How many people are going to be bothered paying for Discovery?
Surely it would make sense to just buy Sky and get some scale, would be profitable day 1.
Any guesses what will be announced at the investor day? They need to do something major..
Surely the Commerce commission wouldn't block any takeover by Vodafone any more....
Would say the kind of people who are going to be subscribing to all of Netflix, Amazon, Apple, Disney, Discovery+, Neon are probably not also subscribing to sky. To put it in perspective, the average sky subscription costs more than all those streaming services combined.