12.5% increase wow that's a big jump.
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12.5% increase wow that's a big jump.
Still a bargain. You probably couldn’t get a basic ticket, 1 beer and a hotdog for $44.99 to attend any of those events.
Yes indeed, very true.
Although we have been making the whole "Sky is great value because its less than the cost of a cup of coffee a day for most..." argument for years now. The fact that ~300K profitable satellite subs cancelled over two to three years (despite the cost being well under a cup of coffee for the average customer at the time - some $2.63/day...) is telling.
People are price sensitive whether we like it or not.
Will the current price increase trigger mass cancellations? Probably not. Will it inhibit growth? - I suspect so.
And the impressive line up of sport is only relevant for those fans who actually are interested in all of the different codes. If you are just interested in rugby and league (for example) then the other 'stuff' that you get as part of your sub is irrelevant - you are now paying $45/month for the rugger...and that feels expensive.
Everyone’s position will be different. Depending how bad the economy gets I think the first thing to go from peoples sport watching budgets will be
1. taking the family to the at ground experience…tickets+beer+food = empty wallet
2. second to take the hit will be watching sports at the pub with a few mates..4 beers each and fries =a half empty wallet
3. staying home and having a few friends over to watch sky sports $44.99 + byo beers= keeping your house
Skysports will prove pretty resilient I think.
No longer a holder..just a watcher
I just signed up for Neon and binge watched both seasons of The White Lotus. Neon is great value. The White Lotus is exceptional - I haven't enjoyed TV so much since Game of Thrones. Not counting the last season of course which was... disappointing.
I hope Sky retains HBO's content for the sake of shareholders.
I'm no longer a Sky shareholder. Well, I own FNZ so I guess I am in an indirect, miniscule way.
Bucking the trend in an inflationary environment. very interesting.
Odd trading in Oz....
2.68 in Oz... Odd indeed...!
Unless there is undisclosed news after the NZX close there appears to be an algo that has been caught short the NZX / ASX cross arbitrage...
The A$2.68 trade was a single buy of 9 shares for $24 up $0.18 which fell back into the close, but still up $0.30 for the day closing $2.55. Signs of an illiquid market and wide spreads, with a meagre 23.7k shares traded in total for $55.9k
Wouldn't read too much into it, just some Ozzie punters getting excited.
That's $2.78 close on ASX. Someone knows something?
Like a great result with an excellent dividend as well as a share buyback to be announced?
ASM November 2022 - excerpt from Chairman address :
"The Board believes that Sky's shares are significantly under-priced.
With this in mind - and consistent with the Board's stated capital allocation strategy and focus on
value creation, the Board is currently minded to initiate an on-market buy-back programme following
the announcement of the interim results, noting that the size of any programme would be determined
by reference at that time to the prevailing share price, the cash position of the company, the economic
outlook, and the liquidity of our shares in the market. By way of an example, based on the reduced
number of shares following the proposed return of capital and given Sky's net cash position, a $15
million buy-back programme would be expected to deliver a 5% uplift in both EBITDA and Earnings
Per Share."