Is a dividend likely or expected following the Feb results?
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Is a dividend likely or expected following the Feb results?
Below from the AGM in November:
Quote:
Mr Bowman will also provide an update on the Company’s dividend policy and signal the potential for additional capital allocation measures: “As a further demonstration of the Board’s confidence, and with reference to our view on cash generation and appropriate levels of leverage, we have made an amendment to Sky’s dividend policy. Going forward, the previously advised pay-out range of 50% to 80% of Free Cash Flow (excluding one-off items) has been increased to 60% to 90% on the same basis. We are also confirming the definition of Free Cash Flow as cashflow from operations less both replacement and growth capex, but excluding one-off items such as material acquisitions or disposals of assets.
So with 145m shares on issue now, their last indications means dividends should be between 12.4cps and 16.5cps.Quote:
“As a result of the change, Sky’s dividend guidance for FY23 has been increased to between $18m and $24m. This change is a positive demonstration of our ongoing commitment to return surplus cash and one that I trust shareholders will appreciate.”
At the AGM the chairman stated all directors and the CEO would be reinvesting their proceeds from the buyback into more shares. Given this hasn’t happened does this imply they have lost faith or something else is going on in the background?
Keping up with inflation by the looks of it , funny how when they lost F1 and a whole host of other sports they never cut the cost ...
"We’re writing to let you know about a change to our Sky Sport pricing, with an increase of $3 per month from 1 March 2023. This increase allows us to continue to invest in and bring you the local and global sports you love. For 2023, this includes 5 world cups:
- ICC Women's T20 World Cup
- FIFA Women's World Cup
- Netball World Cup
- Rugby World Cup
- ICC Men's Cricket World Cup
You can also look forward to Premier League, Formula 1, Rugby Championship, Super Rugby Pacific, Super Rugby Aupiki, NRL, State of Origin, ANZ Premiership, Supercars, A-League, NBL, ANBL, PGA, LPGA, and more - it's your sport, your Sky.
"
The Sky Sport monthly price change to $37.99 ($33.03 excluding GST) will appear on your March bill.
Just in from Missus SSB:
FYI. Looks like new charges based on below email from Sky will be:
Sky Starter = $22.60 (no change)
Sky Ent = $22.17 (no change)
Sky Sport = $33.04 (increase 5.22)
SoHo = $0
My Sky service = $13.04 (prev $0 so inc of $13.04)
New subtotal = $90.85 (prev $72.59)
GST = $13.63 (prev $10.89)
Total = $104.48 (prev $83.48 inc of $21.00 overall)
Extra 13 bucks for MySky! WTF!!
Sky sport now along with normal tv is the way to go
Poor programs,Poor service.
We have received your support ticket. Your Support Ticket Number is 00596700.
We are experiencing higher than normal volumes. Were working through queries as fast as we can, but it may take longer than usual (up to 10 working days) to get back to you.
As our phone line and chat services are also impacted, wed really appreciate you keeping those lines of contact free for urgent queries.
Remember you can complete a variety of tasks in My Account. Just log in or click on the register button to:
Check your current Sky subscription
View your bill
Access a range of self-service options
Thanks for your email,
I am just confirming to you that your request to remove Sky Sports off your subscription has successfully been actioned.
Your new monthly charge is now $82.30.
If you have any further queries or issues, feel free to contact us back.
Regards,
Yazmin
The Sky Team
That was quick.