They have already reached the point where price increases can no longer off-set the revenue loss of collapsing subscriber numbers, and so today they lowered their forecast revenue growth rates going forward. Wouldn’t surprise me if they have to do that again next year.
but its not a mature business, its a declining business.
isnt there a point when this is not the case. A % of there customer base will be sticky , therefore its about controlling costs and improving cashflow.
dividends are nice and growing. mature business is always about cashflow
On the surface looks an attractive dividend yield. I just wonder if buying shares is buying into a declining business. I am a boomer and me and my siblings all subscribe to Sky. But none of my adult nephews or nieces do. They prefer watching youtube or netflix or at least think Sky is not worth the additional cost. On that basis, I will steer clear of SKT as an investment.
Bookmarks