SKT Sky Network Television Limited.

[Quantitative Easing]

Herald write up sums up the sentiment a bit.

https://www.nzherald.co.nz/business/...ectid=12364258

Apologies it’s premium paywall
It’s Greg Smiths take of Probability of 35c If they do everything right. And that market has overall pessimism for the share

"The stock is probably for speculative investors only at this stage," he says.

I think that pretty much sums up people like Ogg.

[tqtq]

DJ Bearish Views on Sky TV Still Dominant -- Market Talk
11 Sep 2020 14:05:06


0405 GMT - Bearish views appear to remain in the ascendant for Sky Television despite its upgraded FY 2021 guidance. Forsyth Barr says the New Zealand company is still struggling to realize a "meaningful offset" for declining satellite TV revenue, noting that streaming grew but largely due to acquisitions. An increase in the cost of rugby broadcast rights is also a headwind, it says. Credit Suisse says Sky's new streaming services might cannibalize its legacy business. Uncertainty will remain until investors have increased confidence in Sky's ability to stabilize during a "very challenging transition." Shares are down 60% this year at NZ$0.15 versus S&P Capital IQ's median price target from six analysts of NZ$0.24.

(END) Dow Jones Newswires


September 11, 2020 00:05 ET (04:05 GMT)

[mistaTea]

This is Ogg describing the rest of us on the forum...

https://youtu.be/4suc3j7jSkw

[flyinglizard]

DJ Bearish Views on Sky TV Still Dominant -- Market Talk
11 Sep 2020 14:05:06


0405 GMT - Bearish views appear to remain in the ascendant for Sky Television despite its upgraded FY 2021 guidance. Forsyth Barr says the New Zealand company is still struggling to realize a "meaningful offset" for declining satellite TV revenue, noting that streaming grew but largely due to acquisitions. An increase in the cost of rugby broadcast rights is also a headwind, it says. Credit Suisse says Sky's new streaming services might cannibalize its legacy business. Uncertainty will remain until investors have increased confidence in Sky's ability to stabilize during a "very challenging transition." Shares are down 60% this year at NZ$0.15 versus S&P Capital IQ's median price target from six analysts of NZ$0.24.

(END) Dow Jones Newswires


September 11, 2020 00:05 ET (04:05 GMT)

They dropped the vulation from $0.30-0.34 down to $0.24 within 2 days, faster than the drop of SP.

[tqtq]

They dropped the vulation from $0.30-0.34 down to $0.24 within 2 days, faster than the drop of SP.

Capital IQ's median price target from six analysts of NZ$0.24.



median


[ mee-dee-uhn ]

---

noun

Arithmetic, Statistics. the middle number in a given sequence of numbers, taken as the average of the two middle numbers when the sequence has an even number of numbers:4 is the median of 1, 3, 4, 8, 9.

[winner69]

Capital IQ's median price target from six analysts of NZ$0.24.



median


[ mee-dee-uhn ]

---

noun

Arithmetic, Statistics. the middle number in a given sequence of numbers, taken as the average of the two middle numbers when the sequence has an even number of numbers:4 is the median of 1, 3, 4, 8, 9.

so it's all a big guess eh ...could be 14 cents to 40 cents

[tqtq]

so it's all a big guess eh ...could be 14 cents to 40 cents

It's a range from analysts based on different views, from bad to good.

As it's a broad range, they've mentioned the median.

I would have thought this was self explanatory?

[winner69]

It's a range from analysts based on different views, from bad to good.

As it's a broad range, they've mentioned the median.

I would have thought this was self explanatory?

So in time we’ll know who was closest to reality — the bad one or the good one or maybe the median one (assuming an odd number of analysts)

[mistaTea]

I think the negativity around how the average spend per streaming user (ARPSU) being ~$20 is terrible because it is so much lower than satellite ARPU ($82) is unwarranted. It only considers part of the picture anyway.

The ARPSU of $20 only represents a fraction of Sky's available content.

Once Sky begins selling more of their content via Sky GO (as a standalone product) or add-ons/upgrades to NEON you will see the ARPSU increase.

If all of the current satellite customers converted to a SkyGO standalone product their ARPU would like be around $60.

Given the number of those customers this would significantly lift the ARPSU.

[dompf]

So in time we’ll know who was closest to reality — the bad one or the good one or maybe the median one (assuming an odd number of analysts)

No one has put the stock price below where it is today. Median or high or low. The lowest I’ve seen is 16-17c so far at least.