SKT Sky Network Television Limited.

[winner69]

I’m not doing the work for you mate.

2c per share NPAT as you claim sounds very GAAP to me - and in line with the top end of projected profit (pre COVID adjustment which now seems to be a worst case scenario that did not eventuate)

And if you aren’t referring to GAAP and have some concept of ‘normalised earnings’ then Christ only knows what that is because the figures you have touted have absolutely no bearing on how much money the business is actually earning.

All the best, I’m sure you will make the right call in the end based on investing within your circle of competence.

In my experience - if an investment doesn’t scream out at you as blindingly obvious to invest in, you should just move on.

Hey Ferg ...you don’t deserve a contemptuous response like that from mrT so don’t take it to heart.

I think mrT is guiding you to look at things like free cash flows and owners earnings. They do put Sky in a different light but you still have to assess what these are going forward to judge whether SKT is cheap now

[Stranger_Danger]

What I'm really looking for in the results: "is Sky maintaining it's market position as a leading player in NZ media." If answer is "yes" (which is likely), I'm happy.

Stuff recently changed hands for $1 and it is maintaining it's market position as a leading player in NZ media.

Perhaps if Sinead has a second dollar, you'll finally get your takeover offer!

[tqtq]

Its a hard stock to guess. When it was 65 cents did that not seem too cheap. Divided by 3 equals almost 22 cents a share. I would like to see this back to 30cents a share would would equal 90 cents a share. Let's hope.

65c did seem cheap to me back then but Sky had a lot of unaddressed debt at the time and it looks like the market was taking the worst possible view, even though Martin had just started to show the first signs of his brilliance. Then COVID hit. Now they have mapped out their transformation plan I’m guessing we’ll see the first signs of their ability to execute. CR was a good thing albeit painful and hopefully it’s wiped out some of the non-believers. If there are some good things to communicate to the market in the annual report that will rebuild confidence in Sky under Martin’s leadership. COVID would have accelerated neon take up which should have a much higher valuation to their business then the legacy business (which is great cash flow). Opening the doors on other markets with their huge database and advertising platform would be a good thing. IP (tracked) advertising will be a game changer. There’s a lot of possible good things that can boost sp from here (just my opinion-I’m not an expert). So I’m taking an optimistic view. I think the Olympics would make kiwis like Sky again, particularly if you can win a few medals! Discl: I’m in for 1m+ shares at the moment. Would by more if I could.

[mistaTea]

I think mrT is guiding you to look at things like free cash flows and owners earnings. They do put Sky in a different light but you still have to assess what these are going forward to judge whether SKT is cheap now

This approach doesn’t seem to have helped mrT over the years ...he’s got a pretty sizeable holding but really is hoping like anything that one day he’ll get out of the hole he’s dug himself without losing too much (only speculation based on numbers he’s quoted in his posts over the last few months)

His original post refers to FCF - he has already attempted to look at that, but has drawn an incorrect conclusion. I know my message is blunt - but I am genuinely trying to give Ferg good advice (in the general sense).

That last part of yours was very very mean mate and really hurt my feelings. Now, I’m not going to try to get you booted off the platform or anything - even though that cut me deep...

But I seriously hope that Left Field finds time in what he referred to as his “part time unpaid work” as an editor to message you privately with a stern telling off like he did me!

And then, I think it is high time you and I hugged it out.

[Ogg]

Stuff recently changed hands for $1 and it is maintaining it's market position as a leading player in NZ media.

Perhaps if Sinead has a second dollar, you'll finally get your takeover offer!

Sky UK recently changed hands for $39 billion.

[Getty]

His original post refers to FCF - he has already attempted to look at that, but has drawn an incorrect conclusion. I know my message is blunt - but I am genuinely trying to give Ferg good advice (in the general sense).

That last part of yours was very very mean mate and really hurt my feelings. Now, I’m not going to try to get you booted off the platform or anything - even though that cut me deep...

But I seriously hope that Left Field finds time in what he referred to as his “part time unpaid work” as an editor to message you privately with a stern telling off like he did me!

And then, I think it is high time you and I hugged it out.

Aw, shucks, with plots like that, you guys should be writing scripts for Hollywood, er, well maybe Mills & Boon!

[mistaTea]

Aw, shucks, with plots like that, you guys should be writing scripts for Hollywood, er, well maybe Mills & Boon!

I was hoping more for Brokeback Mountain tbh.

Me being Heath Ledger of course 😅

[Getty]

with a name like that, you should be able to balance the books!

[tqtq]

Sky UK recently changed hands for $39 billion.

Which would make that about NZD $60 billion.

[tqtq]

Quite a good article about Sky TV Europe takeover here: https://www.bbc.com/news/entertainment-arts-45634303

[mistaTea]

Which would make that about NZD $60 billion.
Yeah so apparently SKY UK is worth damn near 250 times SKY TV NZ.

I think I would rather buy 250 SKY NZ’s than own one SKY UK.

But then again, I am an idiot.

[Snow Leopard]

...But then again, I am an idiot.

At last you say something we can all agree on. :p

[mistaTea]

At last you say something we can all agree on. :p

Like Alfred Ludlow once said to Tristan Ludlow when they were arguing about who gets to bang their dead brothers fiancé in Legends of The Fall...

“YYYYEEEEESSSSSSSSSSSS!!”

[Stranger_Danger]

Sky UK recently changed hands for $39 billion.

Excellent, we have a valuation range. $1 to $39 billion. Shall we have a bet on which is closer?

[Quantitative Easing]

This might be out of the Louisiana conspiracy theory box but...Isn't it interesting how the Kings College vs Auckland Grammar rugby game was broadcast by Spark last year and Sky this year. Perhaps a sign that Spark has lost appetite in going after sport, especially rugby?

If there is no Spark Sport sky share price would be a lot higher.

[Getty]

Excellent, we have a valuation range. $1 to $39 billion. Shall we have a bet on which is closer?

Put me down for a dollar each way..

[Ogg]

Excellent, we have a valuation range. $1 to $39 billion. Shall we have a bet on which is closer?

I'll bet that it's $523,883,867.39

Closest to the pin wins?

[tqtq]

Yeah so apparently SKY UK is worth damn near 250 times SKY TV NZ.

I think I would rather buy 250 SKY NZ’s than own one SKY UK.

But then again, I am an idiot.

Me too. The interesting thing was Bob Iger from Disney was always planning to launch a streaming service, Disney+, irrespective of whether Disney bought Sky TV Europe of not. So he could clearly see the value in Sky.

[tqtq]

I'll bet that it's $523,883,867.39

Closest to the pin wins?

1,000,000,000.00 (at least).

[Getty]

mmm, just marginally more than current market cap of $241m @13.8c

[shazam]

This might be out of the Louisiana conspiracy theory box but...Isn't it interesting how the Kings College vs Auckland Grammar rugby game was broadcast by Spark last year and Sky this year. Perhaps a sign that Spark has lost appetite in going after sport, especially rugby?

If there is no Spark Sport sky share price would be a lot higher.

Probably just picking their battles and leaving rugby alone. Spark signed on as the Wellington Phoenix technology partner recently, and there was a little hint on the Twitter announcement thread that Spark Sport may go for the aleague rights in the future.

[Getty]

I wonder if there's any arbitrage to be made?

[tqtq]

mmm, just marginally more than current market cap of $241m @13.8c

~4x but if this if Sky is not a beaten up stock with potential I don't know what is

[tqtq]

I wonder if there's any arbitrage to be made?

It depends on what type of business Sky is when it hits what it should be

[mistaTea]

~4x but if this if Sky is not a beaten up stock with potential I don't know what is

Yeah that seems fair given they are likely to resume dividends in the range of 2c - 4c per annum from FY22.

[tqtq]

Yeah that seems fair given they are likely to resume dividends in the range of 2c - 4c per annum from FY22.

Yep. And I would think that is what it would be – even without any takeover premium.

[mistaTea]

Yep. And I would think that is what it would be – even without any takeover premium.

Aye, even for those on very low average buy ins - I don’t think you should want a takeover now. You would get pennies on the dollar.

Rather let a dividend resume soon - get a significant lift in SP and then pray for a takeover if that is the exit you want.

For a company that can still easily pay a $50M dividend, letting someone come in now and offer, say, $300Mish would be insane.

Especially with the very clear plans now to stabilise and grow the business. A market value of $1B is not ridiculous if the execution is good. Doesn’t have to be perfect execution - just get more stuff right than mistakes made (there will be mistakes).

[Quantitative Easing]

Yeah that seems fair given they are likely to resume dividends in the range of 2c - 4c per annum from FY22.

I think before resuming dividends Sky should do a share buy back scheme. It would be far more valuable to do that as opposed to pay out dividends.

[mistaTea]

I think before resuming dividends Sky should do a share buy back scheme. It would be far more valuable to do that as opposed to pay out dividends.

Yeah that is very true - depending on how the SP behaves after the next lot of results.

If it is still way low then I too would much prefer a buyback than a dividend. But I bet they will choose to declare a dividend instead because it will have a better affect on the SP (short term).

The Board will be under a lot of pressure to sort out the share price right now. And not everyone is a long term investor preferring buybacks etc for a higher gain in the long run.

[tqtq]

Aye, even for those on very low average buy ins - I don’t think you should want a takeover now. You would get pennies on the dollar.

Rather let a dividend resume soon - get a significant lift in SP and then pray for a takeover of that is the exit you want.

For a company that can still easily pay a $50M dividend, letting someone come in now and offer, say, $300Mish would be insane.

Especially with the very clear plans now to stabilise and grow the business. A market value of $1B is not ridiculous if the execution is good. Doesn’t have to be perfect execution - just get more stuff right than mistakes made (there will be mistakes).

Yes, a takeover now would be bad and a fire sale. But a proposal would be good and would give Martin a platform and if played right, make him a hero. I don't think the board would be on board but if the institutions were I'd hope that Black Crane or Allans Grey would pop-up and talk some sense into them.

[Quantitative Easing]

Yeah that is very true - depending on how the SP behaves after the next lot of results.

If it is still way low then I too would much prefer a buyback than a dividend. But I bet they will choose to declare a dividend instead because it will have a better affect on the SP (short term).

The Board will be under a lot of pressure to sort out the share price right now. And not everyone is a long term investor preferring buybacks etc for a higher gain in the long run.

Imagine doing a $50m buyback for a $250m company. One would think the share price would go up on that than say a 50m dividend payout.

[Ogg]

I'd hope that Black Crane would pop-up and talk some sense into them.

https://i.ibb.co/qJYGNd4/black.jpg

[winner69]

All old stuff but if you replaced the word Foxtel with the word Sky in this article Norway would you be buying sky shares (except for a punt and a quick buck)

https://www.smh.com.au/business/companies/content-is-king-global-giants-put-squeeze-on-local-players-growth-plans-20200809-p55k22.html

[Ogg]

All old stuff but if you replaced the word Foxtel with the word Sky in this article Norway would you be buying sky shares (except for a punt and a quick buck)

https://www.smh.com.au/business/companies/content-is-king-global-giants-put-squeeze-on-local-players-growth-plans-20200809-p55k22.html

Replace the word "ViacomCBS", with "Sky" and then replace the word "Halo" with Rugby.

[mistaTea]

Imagine doing a $50m buyback for a $250m company. One would think the share price would go up on that than say a 50m dividend payout.

Stop talking dirty to me mate, you know how I get...🥰

[tqtq]

All old stuff but if you replaced the word Foxtel with the word Sky in this article Norway would you be buying sky shares (except for a punt and a quick buck)

https://www.smh.com.au/business/companies/content-is-king-global-giants-put-squeeze-on-local-players-growth-plans-20200809-p55k22.html

It’s short term for the content owners too. Their share price is getting a bump but when they start churning customers who don’t want multiple subscriptions they’ll come to their senses. Not everything that works in the US works in Australia or New Zealand.

[tqtq]

Imagine doing a $50m buyback for a $250m company. One would think the share price would go up on that than say a 50m dividend payout.

Tempting but they could possibly make quite a bit off that money too though I wonder how that would compare to the increase in sp.

[mistaTea]

It’s short term for the content owners too. Their share price is getting a bump but when they start churning customers who don’t want multiple subscriptions they’ll come to their senses. Not everything that works in the US works in Australia or New Zealand.

Yes, a lot of content is only consumable by the masses when it is aggregated.

If they all ditched Sky there is no way I would subscribe to Netflix + Hulu + HBO Max + Showtime + Disney+ and whoever else thinks it is a great idea to ‘go direct’.

I don’t believe for a second that the day of the aggregator is over. Whether or not Sky hold their position as the aggregator for NZ is another question... but aggregation will continue in one form or another.

I believe Sky is in the best position to provide a service for that need.

[Quantitative Easing]

Replace the word "ViacomCBS", with "Sky" and then replace the word "Halo" with Rugby.

There is a global market for Rugby. But it's nothing like football in Europe or cricket in India.

I am struggling to see any cash cows markets...maybe northern india/pakistan. Rugby is similar to kabbadi, so might get some traction over in those areas.

[Ogg]

There is a global market for Rugby. But it's nothing like football in Europe or cricket in India.

I am struggling to see any cash cows markets...maybe northern india/pakistan. Rugby is similar to kabbadi, so might get some traction over in those areas.

Japan maybe. But yeah, not a big cash cow.

Let's say Rugbypass is worth $50m.

Is Neon and the Satellite business only worth $187m according to today's market price?

[tqtq]

Imagine doing a $50m buyback for a $250m company. One would think the share price would go up on that than say a 50m dividend payout.


Yes, a lot of content is only consumable by the masses when it is aggregated.

If they all ditched Sky there is no way I would subscribe to Netflix + Hulu + HBO Max + Showtime + Disney+ and whoever else thinks it is a great idea to ‘go direct’.

I don’t believe for a second that the day of the aggregator is over. Whether or not Sky hold their position as the aggregator for NZ is another question... but aggregation will continue in one form or another.

I believe Sky is in the best position to provide a service for that need.

Yes. And Sky is always going to be in the mix with it’s Rugby and it’s range of other sports.

[Quantitative Easing]

Japan maybe. But yeah, not a big cash cow.

Let's say Rugbypass is worth $50m.

Is Neon and the Satellite business only worth $187m according to today's market price?

I think just having the All Blacks on Sky is probably worth more than 187m. That is our biggest strength. We can't loose the All Blacks. Neon might start loosing content and Satellite business is diminishing.

Our biggest immediate enemy is Spark. We need to get rid of Spark from being interested in sport, perhaps in the house of cards style if required. Let's see how the cricket season goes.

[Quantitative Easing]

Looking at this Rugbypass should target Sri Lanka, Kenya, Malaysia and India.

https://en.wikipedia.org/wiki/List_of_rugby_union_playing_countries

[tqtq]

https://i.ibb.co/qJYGNd4/black.jpg

There’s a few other Black Crane’s too right, such as Allan Gray.

[mistaTea]

Anyone watching Devils on NEON?

I like to think of myself as Massimo - only without the brilliant trading ability nor the ‘cool’ Italian vibe...

[nztx]

I'll bet that it's $523,883,867.39

Closest to the pin wins?

how did you manage to dig up the $0.39 part ? ..

[winner69]

Shareprice down again today (so far)

Maybe the hope that it’s turn around of the last few days was ill founded and it’s started to head down to sub 12

[Balance]

Shareprice down again today (so far)

Maybe the hope that it’s turn around of the last few days was ill founded and it’s started to head down to sub 12

Part of the ebb & flow until results, I think W69.

There were huge volume done at under 13c and in this kind of market, traders are probably happy to take their 10% gain in a week or so.

Good opportunity for believers to top up?

[Entrep]

Part of the ebb & flow until results, I think W69.

There were huge volume done at under 13c and in this kind of market, traders are probably happy to take their 10% gain in a week or so.

Good opportunity for believers to top up?

Good lesson for novice traders on why one should wait for MAs to be reclaimed before trying to knife catch

[Snow Leopard]

Good lesson for novice traders on why one should wait for MAs to be reclaimed before trying to knife catch

But once you get beyond novice you realise that MA's are pretty useless. :ohmy:

[Dlownz]

Not a lot of volume today. But the depth strengthening up. So I don't think we will see much movement down unless some people really want out. If you didn't take your chance last week I'm afraid yourve missed out

[Entrep]

If you didn't take your chance last week I'm afraid yourve missed out

The price has fallen from $6 to 12c and we've missed out now its at 13c. Riiiiiiiiiiiiiiiiiiiiight

[tqtq]

Good lesson for novice traders on why one should wait for MAs to be reclaimed before trying to knife catch

Or you could be early. Which is a lot better than being late.

[Dlownz]

The price has fallen from $6 to 12c and we've missed out now its at 13c. Riiiiiiiiiiiiiiiiiiiiight

Yes that's right.
There's only one direction now and once the result out its going to keep climbing.
Yesterday I think everyone was hoping they were going to get another go at the lows and now they've realised it's as cheap as it's going to get. I'm just wondering if the negative Nancy's on here and sharesies are just the one that have been stung to hard and don't want to see it succeed after they bailed. Right or Wrong.
Disclaimer. Holder

[steveb]

so the big question will be will the instos start selling if it gets to 15c.There's only a couple of mil shares between 14 and 15c.

[Entrep]

Or you could be early. Which is a lot better than being late.

Tell that to the person that bought at $1 thinking they were getting a steal from $6, they had 85% of their capital wiped out

[willyg]

Could someone tell me the date of the 2020 annual results / webcast? Thanks

[tqtq]

Tell that to the person that bought at $1 thinking they were getting a steal from $6, they had 85% of their capital wiped out

Investing is speculative and there's no guarantee that prices will always go up. So if you own shares, you should really take an interest in the share price, and try and get an understanding of what's driving the movement up or down. In the case of SKT, it's largely Covid + the CR, in my opinion, that's knocked down the share price from $1 to 13c. The tone of your reply makes it sounds like this is personal for you. Is that the case? I'm sorry if it is. If it's of any comfort, I do believe there's a possibility for the share price to go back up, it may even get close to $1. So keep holding mate.

[Entrep]

Investing is speculative and there's no guarantee that prices will always go up. So if you own shares, you should really take an interest in the share price, and try and get an understanding of what's driving the movement up or down. In the case of SKT, it's largely Covid + the CR, in my opinion, that's knocked down the share price from $1 to 13c. The tone of your reply makes it sounds like this is personal for you. Is that the case? I'm sorry if it is. If it's of any comfort, I do believe there's a possibility for the share price to go back up, it may even get close to $1. So keep holding mate.

I don’t have any interest and have never held sky just trying to understand how being early is better than being late when you can try and catch a falling knife and get badly burned - say 22c down to 13c all of which happened post Covid and lost people 50% of their capital, or you can wait for some sort of bullish action and greatly reduce your chances of a successful investment

[Balance]

Investing is speculative and there's no guarantee that prices will always go up. So if you own shares, you should really take an interest in the share price, and try and get an understanding of what's driving the movement up or down. In the case of SKT, it's largely Covid + the CR, in my opinion, that's knocked down the share price from $1 to 13c. The tone of your reply makes it sounds like this is personal for you. Is that the case? I'm sorry if it is. If it's of any comfort, I do believe there's a possibility for the share price to go back up, it may even get close to $1. So keep holding mate.

Then there are those who bought ATM at 10 cents - that’s what the sharemarket is about.

And if one goes back far enough, News Corp at A$2.00.

[winner69]

Todays price action --- one really cool chart

Probably continue its strong upwards trend tomorrow

[Leftfield]

Todays price action --- one really cool chart

Probably continue its strong upwards trend tomorrow

Crikey! Great chart Winner. That's one for the pool room. (Even better than Trump's pretty Covid charts.)

[tqtq]

I don’t have any interest and have never held sky just trying to understand how being early is better than being late when you can try and catch a falling knife and get badly burned - say 22c down to 13c all of which happened post Covid and lost people 50% of their capital, or you can wait for some sort of bullish action and greatly reduce your chances of a successful investment

Buying at 22c would be a lot better than buying at ~28c which is where (I think) quite a few of us who do own sky shares believe it would be later this year. If this plays out, early is better than being late. If it doesn't play out that way, that would make your right, which I doubt would be the case.

[winner69]

Beagle is interested in having a go with SKT

Needs to see the price to break through the 30MA

I reckon he’ll be a shareholder later this week / early next week.

[Ogg]

that’s what the sharemarket is about.

What the sharemarket is really about...


https://www.youtube.com/watch?v=OiUjb2HRxEY

[tqtq]

Then there are those who bought ATM at 10 cents - that’s what the sharemarket is about.

And if one goes back far enough, News Corp at A$2.00.

True that. Sometimes you win, sometimes you don't. Some time early ends up being late.

[tqtq]

What the sharemarket is really about...


https://www.youtube.com/watch?v=OiUjb2HRxEY

It can be full on. If it wasn't for share trader, I'd probably be squanching.

[Snow Leopard]

Beagle is interested in having a go with SKT

Needs to see the price to break through the 30MA

I reckon he’ll be a shareholder later this week / early next week.


https://cdn.shopify.com/s/files/1/0524/5661/files/Charlie_Brown_large.jpg?v=1527496476

[Entrep]

Buying at 22c would be a lot better than buying at ~28c which is where (I think) quite a few of us who do own sky shares believe it would be later this year. If this plays out, early is better than being late. If it doesn't play out that way, that would make your right, which I doubt would be the case.its not about right or wrong it’s about less risk

[Entrep]

ATM at 10c and Sky at 10c. Yeah totally the same thing

11848

11849

[ratkin]

Well, that is the rugby gone for the forseeable

[winner69]

Probably sold it for $1

[mistaTea]

Probably sold it for $1

Referring to this? https://www.nzx.com/announcements/357802

They should have contacted you and I if that was the case mate - we could have gone halves.

[Getty]

...further enhancing our great story telling...
I think there's a few on here would agree with that statement.

Selling OSB is a retrograde step.
They didnt need to sell to raise capital, the SPP did that.
Now ,they are going to have to pay a premium to NEP to get the same service.
As for avoiding $50m future capex in OSB, do you think NEP will do it for SKY at no charge, just because they like them?
It's like when local bodies privatised services, did the ratepayer finish up paying less?
Yeah, Right!

[tqtq]

Referring to this? https://www.nzx.com/announcements/357802

They should have contacted you and I if that was the case mate - we could have gone halves.

Could be freeing up cash to purchase mediaworks

[mistaTea]

...further enhancing our great story telling...
I think there's a few on here would agree with that statement.

Selling OSB is a retrograde step.
They didnt need to sell to raise capital, the SPP did that.
Now ,they are going to have to pay a premium to NEP to get the same service.
As for avoiding $50m future capex in OSB, do you think NEP will do it for SKY at no charge, just because they like them?
It's like when local bodies privatised services, did the ratepayer finish up paying less?
Yeah, Right!

Yeah could give some short-medium saving a but end up costing more in the long run.

Hard to know without understanding how much NEP paid is for OSB and what the pricing model is for NEP provide us with the service over the next 10 years.

In principle, I do think it is right for Sky to find more ways to become leaner and meaner though. Cost control is going to be critical moving forward.

OSB became less valuable as soon as NEP set up shop. So does it make sense to have all the ongoing OPEX and CAPEX to own an asset that is no longer a competitive advantage?

[Getty]

I doubt if there was any restraint of trade, so now the coverage could be sold to any one, Spark?
Not withstanding Exclusive rights deals like rugby for now.

[mistaTea]

I doubt if there was any restraint of trade, so now the coverage could be sold to any one, Spark?
Not withstanding Exclusive rights deals like rugby for now.

Spark already have a deal with NEP for the cricket...

[Getty]

And competitive advantage flies out the window for Sky.

[dompf]

And competitive advantage flies out the window for Sky.

Hammer time, lol may see 12's again today

[Ogg]

Excellent news.

OSB was one of the major hurdles for a takeover.

ComCom clearance now guaranteed.

[mistaTea]

Excellent news.

OSB was one of the major hurdles for a takeover.

ComCom clearance now guaranteed.

Wow, Mr Market really is displeased with this development.

[ThaiJohn]

Wow, Mr Market really is displeased with this development.

Mr Market is down over 250 points, didn't realise skt was such a behemoth.

[Getty]

Ring Ring
NEP. Good morning, how can we help?
Sky. Its Sky here, hey, we've heard there's an exciting Motocross event on in Woodville, 6 weeks time, we need to book an OSB unit to cover it live.
NEP. Great idea, oh, hang on, I've just checked, we're booked out to Spark & Flint that weekend.
Sky. Well damnit, can't you put a unit together?
NEP Well, NO!, you of all people should know how much that costs, we cant afford to have 1 just on standby for you.
Sky. Sh@t!!

You get the picture.

[mistaTea]

Earnings guidance has been confirmed - so Sky will have generated ~$70M-$75M underlying Owner Earnings over the last 12 months ending June 30.

Add in the $148M net proceeds in the CR and the company has been able to generate a total of $218M cash to be used on growth initiatives.

Having that kind of money does not guarantee success of course, but it does give them a strong position to transition from imo.

Personally, I think the OSB sale is a decent move. Pros and cons for doing this - but they have to become a leaner organisation and OSB was no longer a competitive advantage.

[Akane]

Spark: Retail Service Provider mostly focused on mobile and broadband, with a side of broadcasting/streaming
SKT: Broadcasting provider with streaming and with a (soon to be) side of Retail Service Provider for broadband.

Hmmmm :/

[n908671]

Ring Ring
NEP. Good morning, how can we help?
Sky. Its Sky here, hey, we've heard there's an exciting Motocross event on in Woodville, 6 weeks time, we need to book an OSB unit to cover it live.
NEP. Great idea, oh, hang on, I've just checked, we're booked out to Spark & Flint that weekend.
Sky. Well damnit, can't you put a unit together?
NEP Well, NO!, you of all people should know how much that costs, we cant afford to have 1 just on standby for you.
Sky. Sh@t!!

You get the picture.

Or the other way of looking at it:

Sky: We have an OSB unit that we have paid full cost for but it sits around half the time doing nothing until we have a need for it
NEP: We run short of OSB units occassionally but don't really have enough work to put another unit together.

[GR8DAY]

Hey with maybe $250m cash in the coffers and still generating $75m earnings they may decide to give us some back by way of dividend or early xmas pressie???

This sale is good news......theyve completed what they informed us was the plan going forward,.....being consistent and being procative is important for the market and us shareholders.

[Getty]

Or the other way of looking at it:

Sky: We have an OSB unit that we have paid full cost for but it sits around half the time doing nothing until we have a need for it
NEP: We run short of OSB units occassionally but don't really have enough work to put another unit together.

Or, another way at the board table,
We have adequate OSB's to handle our forward programming, and fill any gaps that eventuate.
Bugger what the opposition require!

[Getty]

and if we have any excess capacity, we can get the sods out there making a few documentaries..

[tqtq]

Earnings guidance has been confirmed - so Sky will have generated ~$70M-$75M underlying Owner Earnings over the last 12 months ending June 30.

Add in the $148M net proceeds in the CR and the company has been able to generate a total of $218M cash to be used on growth initiatives.

Having that kind of money does not guarantee success of course, but it does give them a strong position to transition from imo.

Personally, I think the OSB sale is a decent move. Pros and cons for doing this - but they have to become a leaner organisation and OSB was no longer a competitive advantage.

Sky’s got a great amount of cash for its market cap. There is going to be A LOT of takeover interest. If it’s taken over by a company with a large multiple they’d effectively be getting Sky for free. It’s just good news for sky from here on in my opinion.

[Balance]

Excellent news.

OSB was one of the major hurdles for a takeover.

ComCom clearance now guaranteed.

Very good point, Ogg.

Step by step.

[tqtq]

Mr Market is down over 250 points, didn't realise skt was such a behemoth.

Nothing to do with the lockdown.

[Balance]

Deleted deleted

[Ogg]

Very good point, Ogg.

Step by step.

Without OSB, Sky is effectively a reseller of media content.

Results were due on the 21st of August, but have now been pushed out to the 10th September, most likely to enable due diligence for a takeover and not because of the level 3 lockdown.

Only retail holders and traders selling now. Large institutional holders sitting tight.

There's likely going to be a material announcement either on, or before the 10th September.

It's looking more likely that Mediaworks and Sky will be sold together to an offshore buyer. The question is, will Infratil make a bid?

Exciting times. Ignore "Mr Market", let him keep selling it lower.

[Ogg]

MistaTea it's time to join the takeover camp. :eek2:

Sky is finished as a stand only business.

[Quantitative Easing]

Without OSB, Sky is effectively a reseller of media content.

Results were due on the 21st of August, but have now been pushed out to the 10th September, most likely to enable due diligence for a takeover and not because of the level 3 lockdown.

Only retail holders and traders selling now. Large institutional holders sitting tight.

There's likely going to be a material announcement either on, or before the 10th September.

It's looking more likely that Mediaworks and Sky will be sold together to an offshore buyer. The question is, will Infratil make a bid?

Exciting times. Ignore "Mr Market", let him keep selling it lower.

Agree results pushed in order to complete due diligence for a takeover. Why have they been so mum about results announcement (because tyres had been kicked since while ago). This results announcement might end up being trivial. They gave no emphasis on it on today's announcement.

[mistaTea]

MistaTea it's time to join the takeover camp. :eek2:

Sky is finished as a stand only business.

I continue to believe that you make a compelling case Ogg. Pushing the results date out is indeed mysterious.

The best thing for Sky TV is to be taken private. The market noise is just a distraction for them right now.

So let's see what happens.

I also think IFT would be crazy not to make a bid if Sky is being sold. If Discovery bought Sky and then entered broadband and mobile...it would be a terrible outcome for Vodafone.

[Balance]

I continue to believe that you make a compelling case Ogg. Pushing the results date out is indeed mysterious.

The best thing for Sky TV is to be taken private. The market noise is just a distraction for them right now.

So let's see what happens.

I also think IFT would be crazy not to make a bid if Sky is being sold. If Discovery bought Sky and then entered broadband and mobile...it would be a terrible outcome for Vodafone.

One thing about takeovers.

In the old days, we used to get advance warnings via sp movements - ie. insiders & their associates buying as the lawyers & bankers started work.

These days, takeovers simply happen - you do not get a chance to get set.

Be there or be square, as the saying goes.

[Getty]

Accountancy #1001.

Homeowner (with pride) You know, I've owned my house for 20 years now
Accountant. What?, You complete idiot!!
H. I beg your pardon?
A. dont you realise how much interest you have paid?, and in your case its not even tax deductable.
H. But..
A. dont you but me, the best way of debt reduction, is not to take it on in the first place!
H. Well,
A. you should be unWell!, dont you keep track of all the maintanence you have paid in that time?
H. So, if I had a Landlord, they would do it all?.
A. Yes!
H. Gee, I wish I had come to see you 20 years ago!
I wonder if NEP will buy my house??

[RGR367]

Accountancy #1001.

Homeowner (with pride) You know, I've owned my house for 20 years now
Accountant. What?, You complete idiot!!
H. I beg your pardon?
A. dont you realise how much interest you have paid?, and in your case its not even tax deductable.
H. But..
A. dont you but me, the best way of debt reduction, is not to take it on in the first place!
H. Well,
A. you should be unWell!, dont you keep track of all the maintanence you have paid in that time?
H. So, if I had a Landlord, they would do it all?.
A. Yes!
H. Gee, I wish I had come to see you 20 years ago!
I wonder if NEP will buy my house??

Glad it's your Accountancy 1001 as it makes no point at all.
The selling was a good move imho.

[Quantitative Easing]

Accountancy #1001.

Homeowner (with pride) You know, I've owned my house for 20 years now
Accountant. What?, You complete idiot!!
H. I beg your pardon?
A. dont you realise how much interest you have paid?, and in your case its not even tax deductable.
H. But..
A. dont you but me, the best way of debt reduction, is not to take it on in the first place!
H. Well,
A. you should be unWell!, dont you keep track of all the maintanence you have paid in that time?
H. So, if I had a Landlord, they would do it all?.
A. Yes!
H. Gee, I wish I had come to see you 20 years ago!
I wonder if NEP will buy my house??

People don't realise how hard it is to be a landlord or even a home owner.

Mind you Home & Income is the biggest gravy train in the property market these days. You are virtually untaxed on rent from 'boarders', regardless of how many you have. Also you are exempt from the tenancy laws (evictions etc..) that apply to tenants in investment properties. Granny flats will be hot especially since council got rid of consent requirements for small unattached buildings.

[Cadalac123]

Hilarious at people saying it's going to dip down to 12c based on the OPEN movement. You would have sold at a huge discount to todays price for no reason.

Not saying it doesn't have potential to dip again, but selling on open following COVID news like that is probably the worst thing you can do, always better to wait a little especially for stocks dual listed on ASX.

[Balance]

Hilarious at people saying it's going to dip down to 12c based on the OPEN movement. You would have sold at a huge discount to todays price for no reason.

Not saying it doesn't have potential to dip again, but selling on open following COVID news like that is probably the worst thing you can do, always better to wait a little especially for stocks dual listed on ASX.

Same thing happened in March, remember?

Illustrating again that history repeats itself.

[Cadalac123]

Same thing happened in March, remember?

Illustrating again that history repeats itself.

Yeah, and just lol at some of the posters on here. I'm sure some newer investors would be influenced by doomsday posts, especially regarding the sell off of the OSB. The posts make it sound like the company is dead now.

They met their guidance. Enterprise value is looking not bad at all. Share price isn't exactly overbought by any means right now.

[Balance]

Yeah, and just lol at some of the posters on here. I'm sure some newer investors would be influenced by doomsday posts, especially regarding the sell off of the OSB. The posts make it sound like the company is dead now.

They met their guidance. Enterprise value is looking not bad at all. Share price isn't exactly overbought by any means right now.

Could not resist - loaded up with more stock this morning.

[Ogg]

Market slowly figuring out how significant this announcement is.

The stock should close in the green if Mr Market had any brains.

It's the equivalent to Telecom spinning off Chorus.

Company changing announcement.

[tqtq]

Could not resist - loaded up with more stock this morning.

Smart move!

[Ogg]

Timing of the OSB sale was perfect. Rugby season is ending. Covid-19 is now back in NZ.

Even if it was sold for $1 it's a great outcome.

[tqtq]

Yeah, and just lol at some of the posters on here. I'm sure some newer investors would be influenced by doomsday posts, especially regarding the sell off of the OSB. The posts make it sound like the company is dead now.

They met their guidance. Enterprise value is looking not bad at all. Share price isn't exactly overbought by any means right now.

Sky haven't made any mention of the progress they've made with their growth plans which should come out in the presentation meaning more good news which they'll need money to fund. They'll have something big to talk about – which they can't do just as yet.

[dompf]

Yeah, and just lol at some of the posters on here. I'm sure some newer investors would be influenced by doomsday posts, especially regarding the sell off of the OSB. The posts make it sound like the company is dead now.

They met their guidance. Enterprise value is looking not bad at all. Share price isn't exactly overbought by any means right now.

I've scooped up some more this morning, business hitting guidance and they have lots of cash. Happy with sale of OSB to out source the cost and they looking juicy with all that $. Wonder what will happen to the rugby this weekend I hope it goes ahead but time will tell on Friday I guess.

[Getty]

Timing of the OSB sale was perfect. Rugby season is ending. Covid-19 is now back in NZ.

Even if it was sold for $1 it's a great outcome.

I now understand the meaning of the phrase, 'the almighty dollar"

[Dlownz]

The only way the rugby will go ahead is if they move it to somewhere else. Just without the crowds. Shame really

[steveb]

Timing of the OSB sale was perfect. Rugby season is ending. Covid-19 is now back in NZ.

Even if it was sold for $1 it's a great outcome.
And don't forget the wage subsidy is coming to an end

[Ogg]

And don't forget the wage subsidy is coming to an end

It wasn't about selling OSB, it was about securing a third party broadcaster for the next 10 years and then freeing themselves from the ComCom.

Sky is now debt free, loaded up with assets, with very little future capital costs.

Door is now wide open for take over.

Bidding should start 10th September.

This is the time to push in all your chips!

[dompf]

And don't forget the wage subsidy is coming to an end The initial one is ending the extension is also in place for a further 8 weeks.

[Entrep]

Bidding should start 10th September.

Do you have a time and venue?

[Ogg]

Do you have a time and venue?

Wellington probably, so Marko (infratil) doesn't have too far to travel. Rebecca (Discovery) will join by Zoom. Maybe Chris from NBCuniversal will join in for a three way. 10am good?

[tqtq]

I've scooped up some more this morning, business hitting guidance and they have lots of cash. Happy with sale of OSB to out source the cost and they looking juicy with all that $. Wonder what will happen to the rugby this weekend I hope it goes ahead but time will tell on Friday I guess.

Great stuff

[tqtq]

It's looking like Sky will end up another 0.5c or ~4% higher today on the ASX

[steveb]

no particular reason but my gut is telling me this could be a management buyout,just given the amount of cash floating around.

[Ogg]

Wellington probably, so Marko (infratil) doesn't have too far to travel. Rebecca (Discovery) will join by Zoom. Maybe Chris from NBCuniversal will join in for a three way. 10am good?

Will call Martin from AT&T, cause HBO might throw in a bid.

Looks like we'll need 4 chairs.

[Ogg]

could be a management buyout

Just lol.

Management will be serving the orange juice.

[Getty]

Will call Martin from AT&T, cause HBO might throw in a bid.

Looks like we'll need 4 chairs.

Just when I was gonna say 3 cheers, I've been out bidded..

[mistaTea]

Management will be serving the orange juice.

LOLLLL.

Yeah, buying shares of Sky TV is not something this management have ever shown any interest in, that's for sure!

[Balance]

LOLLLL.

Yeah, buying shares of Sky TV is not something this management have ever shown any interest in, that's for sure!

Saving their $$$ for now? 🤪

[mistaTea]

Saving their $$$ for now? 浪

Haha, maybe ;)

If a takeover is looming - and there seems to be more consensus on this forum now that the results have been delayed that a pending takeover is most likely why - then let us hope Ogg's idea of a threeway between IFT, Discovery and NBCUniversal comes true.

If Discovery end up nabbing TV3 I would think they are in the drivers seat for grabbing Sky. Comcom and OIO approval is a given for them (or NBCUniversal for that matter).

IFT should get approval too, but I think the Comcom would still scrutinise merging Sky with an existing telco harder than a big US Company that will buy Sky and turn it into another telco (and therefore, more competition).

[Ogg]

Haha, maybe ;)

If a takeover is looming - and there seems to be more consensus on this forum now that the results have been delayed that a pending takeover is most likely why - then let us hope Ogg's idea of a threeway between IFT, Discovery and NBCUniversal comes true.

If Discovery end up nabbing TV3 I would think they are in the drivers seat for grabbing Sky. Comcom and OIO approval is a given for them (or NBCUniversal for that matter).

IFT should get approval too, but I think the Comcom would still scrutinise merging Sky with an existing telco harder than a big US Company that will buy Sky and turn it into another telco (and therefore, more competition).

As much as I want a bidding war, you would have to think Infrail are in the drivers seat here. They're the most logical buyer. They are cashed up and wanting to take on Spark with the cricket rights.

I'm thinking this is all going to be wrapped up rather quickly. It's likely OSB was part of the condition, hence why that is being spin off now.

30c does seem a far way off from here but like what a user here before suggested, the Opus takeover was done at an almost 100% premium. It's gotta be somewhere in the mid 20's you would think to get support from Jupiter, ACC and Kiltearn, who are all long term sufferers of the stock.

Big boys aren't selling here. Ignore all the short term price movements of the stock. Wait for the big announcement...it's coming.

[Quantitative Easing]

Wellington probably, so Marko (infratil) doesn't have too far to travel. Rebecca (Discovery) will join by Zoom. Maybe Chris from NBCuniversal will join in for a three way. 10am good?

Ménage à trois

[Ogg]

I'm tipping a Mediaworks/Sky/Vodafone mega merger. Like what I've said all along.

Hence why the Mediaworks sale announcement is taking so long.

Hence why Sky results have been pushed out to 10th September.

Only question is, will there be any crumbs for retail investors here?

[winner69]

How big is this ‘mountain of cash’?

[mistaTea]

As much as I want a bidding war, you would have to think Infrail are in the drivers seat here. They're the most logical buyer. They are cashed up and wanting to take on Spark with the cricket rights.


Absolutely agree with the strong case presented as to why IFT should be the one to by Sky. And it may well be that they surface as the buyer in the next few weeks.

The only reason I wonder now is because of the speculation about Discovery buying TV3. I don't really see why you would want to just buy TV3...unless you are buying Sky too.

So of the media speculation is correct (and it may be absolute bs) and Discovery are at the final stages of buying TV3...securing that asset, merging it with Sky and then turning it into a telco that can seriously compete with the big boys (Spark and Vodafone) would be a compelling prospect. Possibly the best outcome for consumers.

[Ogg]

Absolutely agree with the strong case presented as to why IFT should be the one to by Sky. And it may well be that they surface as the buyer in the next few weeks.

The only reason I wonder now is because of the speculation about Discovery buying TV3. I don't really see why you would want to just buy TV3...unless you are buying Sky too.

So of the media speculation is correct (and it may be absolute bs) and Discovery are at the final stages of buying TV3...securing that asset, merging it with Sky and then turning it into a telco that can seriously compete with the big boys (Spark and Vodafone) would be a compelling prospect. Possibly the best outcome for consumers.

Discovery buying Mediaworks does put a thorn in my "theory", but they are just rumors. If it was Discovery you would have thought they would have bought it by now.

I think Discovery were just the backup plan for Brooksfield if their lawyers said a mega merger wouldn't get ComCom approval. Maybe the lawyers have gone over everything now and are confident a mega merger would get the green light. In other words Brooksfield were just stringing along Discovery.

[mistaTea]

How big is this ‘mountain of cash’?

Perhaps more of a knoll.

$118M cash - $100M bond repayment + whatever $ they get for OSB + retained earnings = Sky TV cash knoll.

[Ogg]

Maybe Discovery are buying Mediaworks, but only on the condition that Infratil/Brooksfield get Sky. Maybe that's why Sky pushed out results to the 10th September, so that they can get ComCom clearance for OSB, and also Discovery can get ComCom clearance for Mediaworks. Then on the 10th of September it all goes unconditional.

Infratil/Brooksfield would have to finalize the purchase of Sky, but with Discovery out of the way it's clean sailing for them.

[Ogg]

It would also be a big help for Infratil/Brooksfield if Discovery bought Mediaworks. Because then Infratil/Brooksfield could argue to the ComCom there's more competition now, which would mean getting the greenlight for buying Sky.

It's really about slicing up the cake and making everyone happy.

Will we get a piece tho?

[mistaTea]

It would also be a big help for Infratil/Brooksfield if Discovery bought Mediaworks. Because then Infratil/Brooksfield could argue to the ComCom there's more competition now, which would mean getting the greenlight for buying Sky.

It's really about slicing up the cake and making everyone happy.

Will we get a piece tho?

Someone us getting excited! I bet you won't be able to focus at work now mate as you wait for 'the news' :D

If Infratil or Discovery could be generous enough to offer me 36c I could clear my mortgage and buy a brand new mustang. That would be nice...

And that is only NZ$628.66M for them. Chump change...

[Ogg]

Someone us getting excited! I bet you won't be able to focus at work now mate as you wait for 'the news' :D

If Infratil or Discovery could be generous enough to offer me 36c I could clear my mortgage and buy a brand new mustang. That would be nice...

And that is only NZ$628.66M for them. Chump change...

Work is drying up here. Lockdown!

Sucks having to wait until the 10th September.

36c would be nice. I'd take a lot less, but you know my position :D

[winner69]

Perhaps more of a knoll.

$118M cash - $100M bond repayment + whatever $ they get for OSB + retained earnings = Sky TV cash knoll.

Isn’t the retained earnings in the $118m?

So the knoll $18,000,001

But bank willing to lend heaps if they need it

[Ogg]

But bank willing to lend heaps if they need it

The real question is, will the bank allow a leveraged buy out.

Buy Sky now for $1 and but the rest on the credit card.

[mistaTea]

Isn’t the retained earnings in the $118m?

So the knoll $18,000,001

But bank willing to lend heaps if they need it

Ah yes, that would be correct :ohmy:

[Getty]

2 mindsets at work, those who want to slash & burn SKT to make a quick buck, and those who have a medium term view, to reap the ongoing harvest that a t/o buyer would be viewing.
Looks like the former are winning the points scoring on here.

[steveb]

NZ$ starting to weaken on covid news could be another factor if it drops say 10%

[Ogg]

2 mindsets at work, those who want to slash & burn SKT to make a quick buck, and those who have a medium term view, to reap the ongoing harvest that a t/o buyer would be viewing.
Looks like the former are winning the points scoring on here.

https://thumbs.gfycat.com/DaringCommonHornedtoad-small.gif

[Getty]

It would also be a big help for Infratil/Brooksfield if Discovery bought Mediaworks. Because then Infratil/Brooksfield could argue to the ComCom there's more competition now, which would mean getting the greenlight for buying Sky.

It's really about slicing up the cake and making everyone happy.

Will we get a piece tho?

I better not shut my cakehole then...

[Quantitative Easing]

Too much resistance at $0.14. Ogg go lube it up so we can breakthrough.

[Ogg]

Too much resistance at $0.14. Ogg go lube it up so we can breakthrough.

There was a 1m seller this afternoon. Scared everyone off. Just need to wait until the 10th.

[mistaTea]

It occurs to me...

Are we sure the results have been delayed? It’s not like Sky announced a date, retracted it and then announced a new date.

The 21 August date was from a recent newspaper article. But the journalist may have just taken a stab at a date based on when the results were released last year?

Or has someone actually seen something from Sky with the 21 August date?

If they are just releasing the results later than last year then that would not be ‘evidence’ of a takeover.

Thoughts?

[nztx]

It occurs to me...

Are we sure the results have been delayed? It’s not like Sky announced a date, retracted it and then announced a new date.

The 21 August date was from a recent newspaper article. But the journalist may have just taken a stab at a date based on when the results were released last year?

Or has someone actually seen something from Sky with the 21 August date?

If they are just releasing the results later than last year then that would not be ‘evidence’ of a takeover.

Thoughts?

Good point - the 2019 year's results announcement was released 22 August -

https://www.nzx.com/announcements/339570

the references from announcements I have seen are 10 Sep for 2020 & Annual Report

'Sky will release its results for the year ended 30 June 2020 on Thursday 10 September 2020.

In doing so, Sky is relying on the class waiver from NZX Listing Rule 3.5.1 granted by NZX on 3 April 2020 and the class waiver from certain rules in Chapter 4 of the ASX Listing Rules granted by ASX on 7 May 2020. Sky also expects to release its 2020 annual report on Thursday 10 September 2020 and therefore shall not be relying upon the NZX and ASX class waivers in relation to the same.'

22 Aug 2020 is a Saturday, so reference to 21st this year may just be a Journo pulling dates from out of fresh air & nothing more..

[Ogg]

I was told by Forsyth Barr that the 21st was the date. Maybe they got it from the news article.

Pushing it to the 10th and using waivers is unusual.

They've given guidance as well, so it's not like they need more time to do the numbers.

When the Opus takeover came, it came on the same day as results.

But hey, me and my conspiracy theories...

Maybe they fired too many people and now there's just one guy doing all the paper work...


https://www.youtube.com/watch?v=SbPmM6gt_hE

[Ferg]

Rule 3.5.1 states an issuer must release their result no later than 60 days after year end, which would be Sat 29 Aug - the waiver was granted early April.

[Edit: ignore this: Did they get a waiver and/or reporting extension last year?]

[Ogg]

It's a covid waiver.

Auckland did go into lockdown.

Plausibly they just asked for more time because of that.

[mistaTea]

It's a covid waiver.

Auckland did go into lockdown.

Plausibly they just asked for more time because of that.

So does this now mean that nobody is stealing my business from me with a low ball pennies-on-the-dollar offer?!

I can’t keep up.

[Ogg]

So does this now mean that nobody is stealing my business from me with a low ball pennies-on-the-dollar offer?!

I can’t keep up.

NEP just stole OSB off you.

Sky is getting asset stripped like Mediaworks.

Thankfully, the satellite business has value, like a large empty section in Auckland.

[Getty]

The ongoing saga some of you guys create has more twists and turns than a Shakespearian play.
Keep up the good work!

[Akane]

I can sense a hint of disappointment in Ogg's posts....... :)

[Quantitative Easing]

I was told by Forsyth Barr that the 21st was the date. Maybe they got it from the news article.

Pushing it to the 10th and using waivers is unusual.

They've given guidance as well, so it's not like they need more time to do the numbers.

When the Opus takeover came, it came on the same day as results.

But hey, me and my conspiracy theories...

Maybe they fired too many people and now there's just one guy doing all the paper work...


https://www.youtube.com/watch?v=SbPmM6gt_hE

Opus (much like Sky) was heavily undervalued at the time. Market cap was like 100m on a company that made 400m in revenue and a dividend yield of over 7% at that stage. Margins weren't that great but it had a lot of potential.

Sky fits in the same boat, perhaps even more undervalued. Opus has become better than Beca after WSP took over and now have a lion share of the big projects in NZ...like CRL, Manawatu Gorge upgrade etc...Opus would be far worse now if WSP didn't buy them out. Sky will become better and more liked by analysts after some big fish takes over it as well. We need big backing and money to take on Spark..

[Ogg]

I can sense a hint of disappointment in Ogg's posts....... :)

If the takeover doesn't happen by the 10th, I'm gonna organise a coup d'état and roll Martin.

[GR8DAY]

.....patience dear OGG, patience. I think we're ALL of the consensus it's just a simple matter of WHEN not IF now.

[Quantitative Easing]

Since the share price is so low it could easily be a hostile takeover like how Suncorp tried to buy out tower few years ago.

[Quantitative Easing]

If the takeover doesn't happen by the 10th, I'm gonna organise a coup d'état and roll Martin.

We miss you John.


https://www.youtube.com/watch?v=ZWlQhUQl6Hw

[Balance]

Since the share price is so low it could easily be a hostile takeover like how Suncorp tried to buy out tower few years ago.

Hostile - too hard these days with our regulatory framework.

But perfectly probable that someone will go for 20% first to establish a foothold and blocking stake to start the negotiations.

25c to get first 20%?

[mistaTea]

Hostile - too hard these days with our regulatory framework.

But perfectly probable that someone will go for 20% first to establish a foothold and blocking stake to start the negotiations.

25c to get first 20%?

Technically it was vero who tried to takeover tower (I was a tower shareholder and employee at the time).

They stopped short of hostile takeover by grabbing 19.99% of shares to block Fairfax from succeeding with their $1.10 per share offer.

Sure, a similar approach could happen here. Though the Comcom blocked vero in the end - so I wouldn’t recommend this approach for a company like IFT.

[Ogg]

Infratil AGM today at 2:30

https://www.virtualmeeting.co.nz/agm/ift20/register (https://www.virtualmeeting.co.nz/agm/ift20/register)

["When's the Sky take over happening"] Ctrl+C
Ctrl+V
Ctrl+V
Ctrl+V
Ctrl+V

[sb9]

Infratil AGM today at 2:30

https://www.virtualmeeting.co.nz/agm/ift20/register (https://www.virtualmeeting.co.nz/agm/ift20/register)

["When's the Sky take over happening"] Ctrl+C
Ctrl+V
Ctrl+V
Ctrl+V
Ctrl+V

Settle down a bit, its not until next Thu 20th Aug.

[Getty]

the cakes might be getting a bit stale by then

[Ogg]

Settle down a bit, its not until next Thu 20th Aug.

O yeah, lol.

["When's the Sky take over happening"] info@infratil.com
Send
Send
Send
Send

[Getty]

blue Skys smiling at me,
nothing but blue Skys do I see...

[Oliver Mander]

Where did the rumour of takeover start? Lots of speculation on the thread, but can't see any original source for it...
???
Ogg seems absolutely convinced...

[Ogg]

Where did the rumour of takeover start? Lots of speculation on the thread, but can't see any original source for it...


Mista started it all. He's desperate for one to happen. Been going around emailing everyone. :p

[mistaTea]

Mista started it all. He's desperate for one to happen. Been going around emailing everyone. :p

I do vaguely remember raising the prospect of a takeover when IFT announced their own CR...

But you took the idea and boy did you run with it!! 🤣

[Oliver Mander]

Mista started it all. He's desperate for one to happen. Been going around emailing everyone. :p

Right, so there's no foundation in reality then (whether its a good idea or not)?

[Ogg]

Right, so there's no foundation in reality then (whether its a good idea or not)?

What were you expecting... Martin coming on here and telling everyone a takeover is happening?

[mistaTea]

what were you expecting... Martin coming on here and telling everyone a takeover is happening?

lollll 🤣🤣🤣

[Akane]

What were you expecting... Martin coming on here and telling everyone a takeover is happening?

Maybe mistaTea is Martin in disguise all along.

11851

[Ogg]

Maybe mistaTea is Martin in disguise all along.

11851

Maybe he's Handley

https://www.reactiongifs.com/r/2011/09/mind_blown.gif

[Getty]

oh no, not another Matt Hill/NTL debacle on the horizon!!

[mistaTea]

Maybe mistaTea is Martin in disguise all along.

11851

https://lh5.googleusercontent.com/proxy/dEUsYfhfgxCxnYQxaTeY2kFUe9ZChRvIBeKEUJoe2dMurgZ8BL tHR_5Hw9aGV17JU3Q90rF9MgSOEOQnMQ5-1p0QvSlEnAFHsOtikn8R=w400-h225

[Getty]

You boys could still be on/in the money, as IFT have yet to issue a statement;-
Contrary to media speculation, Infratil confirms it is not involved in any takeover talks with Sky Television.

[Clints]

oh no, not another Matt Hill/NTL debacle on the horizon!!

BOOM [mic drop]

[Getty]

Did you mean a Gold boom?

[Ogg]

Seriously thinking about dropping another $100k on this at the end of the month, then dumping it all on the 10th if a takeover doesn't happen. Do I need my head checked?

Hopefully the stock drops back down to 12.

RISK ON!

Thoughts?

[Oliver Mander]

What were you expecting... Martin coming on here and telling everyone a takeover is happening?

Of course not! But there is sometimes other corroborating evidence that people spot or become aware of...meetings occurring, execs in the same location, sudden interest by analysts and so on. Just because you want it to be true doesn't mean it will happen...

[Ogg]

Of course not! But there is sometimes other corroborating evidence that people spot or become aware of...meetings occurring, execs in the same location, sudden interest by analysts and so on. Just because you want it to be true doesn't mean it will happen...

Yeah, like I'm going to bug Marko's car or something.

[Ogg]

Of course not! But there is sometimes other corroborating evidence that people spot or become aware of...meetings occurring, execs in the same location, sudden interest by analysts and so on. Just because you want it to be true doesn't mean it will happen...

BLUE HORSESHOE LOVES SKY


https://www.youtube.com/watch?v=h8PLrkEXWnc

[ba9]

Hopefully Covid spreads and the stock drops back down to 12.

RISK ON!

Thoughts?

Ogg. Huge respect to your thoughts. I have to be honest, i am still with SKT, after reading your posts.

But, hoping for COVID to spread for our personal gain. C'mon.

[Dlownz]

Seriously thinking about dropping another $100k on this at the end of the month, then dumping it all on the 10th if a takeover doesn't happen. Do I need my head checked?

Hopefully Covid spreads and the stock drops back down to 12.

RISK ON!

Thoughts?

Sky's the biggest discount out there at the mo. Hasn't recovered from the covid drop and the guidence looks good. They are moving into a good position now. Compatability better buy than Blt

[Ogg]

Ogg. Huge respect to your thoughts. I have to be honest, i am still with SKT, after reading your posts.



lol. Yeah, probably crossed the line there.

Been posting here all day. No work on at the moment.

Super bored with nothing to do.

[Entrep]

Great memes in the Sky thread today. Bullish

[Akane]

Ogg. Huge respect to your thoughts. I have to be honest, i am still with SKT, after reading your posts.

But, hoping for COVID to spread for our personal gain. C'mon.

Unfortunately my feeling is that COVID will spread regardless, it's just a matter of when.

[Quantitative Easing]

Sharesies is making fun of Sky again. At least we got their attention now. Been seeing sky posts daily on sharesies page and we are starting to convert some of them.

Someone really needs to take a hit by pushing the idea of a takeover on sharesies page. GO GO GO...

[Quantitative Easing]

Modandm.
This company has the largest moat of any company in NZ.ie it is darn near impossible to
set up against them.
My sky has been a winner.In our house we now have another decoder so another $25 per month.
Young people grow up with it and when they set up home so they get sky installed.
Seems the churm rate is very low.

How much 10 years makes a difference. Maybe in another 10 sky wouldn't be here? Either won't exist at all or as part of a different parent company? I still stand by the fact that sky is too important to let die. So that's why takeover is likely. Can't keep limping forever without big backing.

[Dlownz]

Covid will have a effect on Sky with the sports side of things. But as they've show the churn rate is very low. Most people are still happy with it. Neon will get a whole different demographic.

[Ogg]

Covid will have a effect on Sky with the sports side of things. But as they've show the churn rate is very low. Most people are still happy with it. Neon will get a whole different demographic.

They can't do new installs. That's the only disadvantage.

[airedale]

Seriously thinking about dropping another $100k on this at the end of the month, then dumping it all on the 10th if a takeover doesn't happen. Do I need my head checked?

Hopefully the stock drops back down to 12.


RISK ON!

Thoughts?
Watching with interest to see if your head rolls.:) I am in as deep as I want at this stage just walking the tightrope between greed and fear.

[mistaTea]

They can't do new installs. That's the only disadvantage.

The sooner they release Sky Go as a stand-alone offering the better in my view.

Problem solved.

[Dlownz]

The sooner they release Sky Go as a stand-alone offering the better in my view.

Problem solved.
They have though haven't they.....
300 a year for it. Which is the same as spark sport

[mistaTea]

They have though haven't they.....
300 a year for it. Which is the same as spark sport

No that is Sky Sport NOW.

Sky Go is the companion app for satellite subs. Allows you to stream traditional sky.

They recently added functionality to allow users to Chromecast to the big screen (previously you could only watch on laptop, smartphone, tablet...).

So the next step is to offer it as a stand-alone product (not just a ‘freebie’ for satellite subs).

[Ogg]

No that is Sky Sport NOW.

Sky Go is the companion app for satellite subs. Allows you to stream traditional sky.

They recently added functionality to allow users to Chromecast to the big screen (previously you could only watch on laptop, smartphone, tablet...).

So the next step is to offer it as a stand-alone product (not just a ‘freebie’ for satellite subs).

When you call 0800 759 759 it redirects to Mista's house :D

[mistaTea]

When you call 0800 759 759 it redirects to Mista's house :D

Martin should offer me a contract to be the Product Owner for Sky Go. I would whip that product into shape in no time.

But apparently begging for a job at the last AGM and humping his leg while crying was not a smart move...

[Ogg]

Martin should offer me a contract to be the Product Owner for Sky Go. I would whip that product into shape in no time.

But apparently begging for a job at the last AGM and humping his leg while crying was not a smart move...

Just change your last name to Handley...

[winner69]

Just change your last name to Handley...

Now come on ....Derek has done a stupendous job as a Director ..... probably without his insights, knowledge and connections Sky might have gone broke my now.

Good guy that Derek

[nztx]

Now come on ....Derek has done a stupendous job as a Director ..... probably without his insights, knowledge and connections Sky might have gone broke my now.

Good guy that Derek

Thought you were the Chief Analyst at some unregistered (Figment of Imagination) Research Co, before adopting the new acclaim of being a Moggy ? ;)

How often does one see an outfit like SKY apparently fully cashed up & crashed up awaiting the Punters arriving in their droves to apply their analysis on the job ?

[Akane]

Covid will have a effect on Sky with the sports side of things. But as they've show the churn rate is very low. Most people are still happy with it. Neon will get a whole different demographic.

The new neighbour opposite of us (We're in East Auckland) moved in, the first thing they do is have a SKY van show up to install their Sky.
Still strong demand IMO :t_up:

[Jay]

Agree Akane, not everyone can have/has got decent fibre and/or plan or pay for unlimited data and a lot of people I think still want something all in one place/device
Had a survey yesterday about sky, looks like they are looking at a new Box that will do satellite and streaming as well as recording up to 200 hours plus able to have your netflix, disney+ etc subscriptions/accounts added to it as well.
All in one place - seems a good idea for about a one off price of $200 (for the box not the subs as well).
Not sure what would happen n my case as I paid for the existing box outright when I got it - and it has been replaced due to a fault awhile ago - has worked out a lot cheaper than paying a monthly sub for it for the last x years.

[tqtq]

The new neighbour opposite of us (We're in East Auckland) moved in, the first thing they do is have a SKY van show up to install their Sky.
Still strong demand IMO :t_up:


Agree Akane, not everyone can have/has got decent fibre and/or plan or pay for unlimited data and a lot of people I think still want something all in one place/device
Had a survey yesterday about sky, looks like they are looking at a new Box that will do satellite and streaming as well as recording up to 200 hours plus able to have your netflix, disney+ etc subscriptions/accounts added to it as well.
All in one place - seems a good idea for about a one off price of $200 (for the box not the subs as well).
Not sure what would happen n my case as I paid for the existing box outright when I got it - and it has been replaced due to a fault awhile ago - has worked out a lot cheaper than paying a monthly sub for it for the last x years.

Great to hear this feedback from customers and users – thanks for your posts @jay @Akane

[Ogg]

The new neighbour opposite of us (We're in East Auckland) moved in, the first thing they do is have a SKY van show up to install their Sky.
Still strong demand IMO :t_up:

bu bu but muh netflix

[clip]

The new neighbour opposite of us (We're in East Auckland) moved in, the first thing they do is have a SKY van show up to install their Sky.
Still strong demand IMO :t_up:

That's assuming they are a new customer, not an existing customer moving house and part of the new house process is sky turns up and connects them - just like how getting power/gas/internet connected are the other first things you do when moving house. You just book all your services to be connected on the day that you move in

[Tony Two Gloves]

That's assuming they are a new customer, not an existing customer moving house and part of the new house process is sky turns up and connects them - just like how getting power/gas/internet connected are the other first things you do when moving house. You just book all your services to be connected on the day that you move in

And the SP drops back on the news that this may not be a new customer after all :)

[Ogg]

And the SP drops back on the news that this may not be a new customer after all :)

Quick, let's put a Magpie on the van so we can follow it around and see where it goes...

https://www.kickstarter.com/projects/1851162219/magpie-the-smartest-truly-global-gps-tracker-aroun

[mistaTea]

That's assuming they are a new customer, not an existing customer moving house and part of the new house process is sky turns up and connects them - just like how getting power/gas/internet connected are the other first things you do when moving house. You just book all your services to be connected on the day that you move in

Fair comment...though I don't think anyone should be expecting too much in the way of brand new satellite customers. Definitely a dying distribution model.

However it is a good anecdotal tale of an example of Sky's ability to retain existing customers.

Long term we want digital offerings to fully replace satellite...but satellite is the most profitable part of our business...so we want the churn to be low so we can have an evolution to streaming as opposed to a revolution.

[mistaTea]

Had a survey yesterday about sky, looks like they are looking at a new Box that will do satellite and streaming as well as recording up to 200 hours plus able to have your netflix, disney+ etc subscriptions/accounts added to it as well.
All in one place - seems a good idea for about a one off price of $200 (for the box not the subs as well).


Can you share more about this survey? It was from Sky NZ?

It is interesting if they are now looking at a new set top box (STB)... Before John Fellet left he had kicked off a major project to adopt Cisco's Infinite Video Platform. This STB would allow users to stream all sky content via broadband or satellite. It would be smart enough to switch between the broadband and satellite 'seamlessly' based on what would give the best quality picture (i.e. satellite default but if there was heaps of rain fade flick over to broadband kind of thing).

It would also have a very modern Netflix-style UI and allow you to access apps like Vodafone TV does. The Infinite Video Platform could even go a step further than Vodafone TV by allowing you to surface/aggregate all of the content from all of your subs into one User Interface. In other words, surface all of your Sky On Demand, Netflix, Amazon Prime etc content in one place without the need to launch each individual app and see what is on...

But soon after Martin came on board he scrapped that project as he believed the future was streaming apps - we didn't need the ongoing CAPEX of acquiring and maintaining a new set top box. STB's that are hooked up to satellite also typically need a tech to install...more cost...
I thought the case to move away from STB's was compelling...even though STB's do still have some advantages over streaming apps.

Anyway, if there has been an about face and Sky are now looking at something similar again I would want to know why. From memory, when Infinite Video was cancelled mid-project we wrote off $30 or $40M. And that wasn't imaginary money like a Goodwill write off...that was actual cold hard cash down the toilet.

[RGR367]

Got a new neighbour too moving in this morning and 3 vans arrived just before the mover's truck. And one of them is a SKY van. Take it as another info.

[Jay]

Mr Tea - I just got this survey as a sky subscriber and opted to joined a survey panel - skynation - may win one of 5 $100 sky credit! 2nd survey I have done

Asking what features would you like/useful/if it contained this that or the other - tick the boxes and at cost of about $200 or $19.99 for 12 months and which option would you choose. Mentioned that Apple TV costs $x and vodafone costs $Y - all more than the proposed offering -not knowing what was on the table under John F don't know how this compares, but as I said possible to add your nextflix app etc and I took it that there is one UI to find all content - could be wrong

Discl - I hold a few as in not many shares just to see what happens - only bought recently @ around 13 cents, if/when the sp increase due to to whatever I will probably wish I had 5 times more

[Ogg]

Guy's, stop it with all this good news. I'm trying to buy more!

[Quantitative Easing]

The whole market down, Sky up.

Last chance to get on the train at mid 13s for those that missed out at mid 12s...

[Getty]

Mr Tea - I just got this survey as a sky subscriber and opted to joined a survey panel - skynation - may win one of 5 $100 sky credit! 2nd survey I have done

Asking what features would you like/useful/if it contained this that or the other - tick the boxes and at cost of about $200 or $19.99 for 12 months and which option would you choose. Mentioned that Apple TV costs $x and vodafone costs $Y - all more than the proposed offering -not knowing what was on the table under John F don't know how this compares, but as I said possible to add your nextflix app etc and I took it that there is one UI to find all content - could be wrong

Discl - I hold a few as in not many shares just to see what happens - only bought recently @ around 13 cents, if/when the sp increase due to to whatever I will probably wish I had 5 times more

Remember 1 important question, when dealing with marketing surveys.
Which company spends THEIR money, working out a way to charge YOU LESS?
If you say XYZ feature is marvelous, guess which feature starts costing more in a few months ?
Sorry to burst anyone's bubble on that subject.

[Akane]

The whole market down, Sky up.

Last chance to get on the train at mid 13s for those that missed out at mid 12s...

But Sharesies gang says Sky TV is closing it's doors soon......... I don't know who to trust anymore :(

[Quantitative Easing]

But Sharesies gang says Sky TV is closing it's doors soon......... I don't know who to trust anymore :(

Well they are not completely wrong. Sky wont exist as what we know it as today. It will (most probably) be part of a larger global media conglomerate. Sky (as a standalone company with no big backing) wont be here in 10 years. I believe sky is too valuable to let die. Understand the risk, odds are in our favour. DYOR. We could easily make 300%.

[Getty]

Refer to my post #5981 on the NTL thread.

[winner69]

Champions League been pretty exciting this weekend

[Sideshow Bob]

Champions League been pretty exciting this weekend

No Super Rugby to watch this arvo. Oh well, just have to watch re-runs of the Highlanders tipping over the Canes..... :p

[nztx]

But Sharesies gang says Sky TV is closing it's doors soon......... I don't know who to trust anymore :(

Is someone paying them off -- so someone else can fire a low ball T/o bid at the job ? ;)

[Sideshow Bob]

Is someone paying them off -- so someone else can fire a low ball T/o bid at the job ? ;)

Don't worry - same lot were buying Blackwell at 9c.....go figure.

[nztx]

Don't worry - same lot were buying Blackwell at 9c.....go figure.

Didn't they migrate to CAV after that ?

[Sideshow Bob]

Didn't they migrate to CAV after that ?

Some did, but not sure what the Share Du Jour is at the moment.....

[MarineSalvage]

MEE or Cannasouth it looks like... two shares I will never own
Some did, but not sure what the Share Du Jour is at the moment.....

[Getty]

Cant be too smug.
Sky's graph redefines sky diving..

Dr JPG

Laxatives, this weeks pro motion.

[GR8DAY]

.........every 1c gain in SP equal to about 3 or 4 yrs interest in the bank. Go figure....... that's 1c.!! Ive got a truck load now ......still believing for the take-over offer. ( but not dependent upon it)

[Balance]

.........every 1c gain in SP equal to about 3 or 4 yrs interest in the bank. Go figure....... that's 1c.!! Ive got a truck load now ......still believing for the take-over offer. ( but not dependent upon it)

Steady on - every 1c fall* means you need to leave your money in the bank for 3 or 4 years to get back to base!

* highly unlikely in my view from current level but still a possibility.

[Baa_Baa]

Any thoughts on how this might affect Sky/Neon (https://www.stuff.co.nz/entertainment/tv-radio/122364446/disneys-new-streaming-service-star-is-proof-that-tv-platforms-need-original-content-to-survive)?

[Quantitative Easing]

Any thoughts on how this might affect Sky/Neon (https://www.stuff.co.nz/entertainment/tv-radio/122364446/disneys-new-streaming-service-star-is-proof-that-tv-platforms-need-original-content-to-survive)?

That is the risk for sky as an aggregator. I think it's a short/medium term disruption but that might be enough to kill the NEON product altogether. I am not sure whether going direct to the customer will be the best thing for these companies in the long term. Who would want to pay for five subscriptions. I think people will stop paying after 3 or so subscriptions..I think HBO etc... should have it's own platform as well as licencing it out to distribute amongst aggregators like Sky. I don't see why both can't coexist.

[Ogg]

Any thoughts on how this might affect Sky/Neon (https://www.stuff.co.nz/entertainment/tv-radio/122364446/disneys-new-streaming-service-star-is-proof-that-tv-platforms-need-original-content-to-survive)?

I've given up trying to defend Sky.

Just sell the stock!

Happy to buy your holdings.

[MarineSalvage]

Fair enough
Already a lot of previous comments on original content and vertical integration
I've given up trying to defend Sky.

Just sell the stock!

Happy to buy your holdings.

[Dlownz]

After receiving the guidence last week there hasn't been as much movement. Will we see much change when the results out. How's everyone predictions going.

[airedale]

Only 100,000 dollars have gone through on the NZX,not enough volume to influence the trend. Becalmed!

[Balance]

Only 100,000 dollars have gone through on the NZX,not enough volume to influence the trend. Becalmed!

Days of big turnover are behind - the underwriters and new investors seem to have sold their 278m shares to lock in their windfall gains. From loose hands to firm hands?

Stock will tread water until results or corporate activity imo.

[GR8DAY]

Steady on - every 1c fall* means you need to leave your money in the bank for 3 or 4 years to get back to base!

* highly unlikely in my view from current level but still a possibility.

.....GLASS HALF FULL please BALANCE. (very true but lets just drive this with some positivity m8). 20-25c before I would remotely consider selling my holding. GLTAH

[Ogg]

Remember folks, don't forget to sell your shares before the 10th.


https://www.youtube.com/watch?v=5SbXiMHjT0Y

dyor

[tqtq]

Quiet day today. Presume everyone's waiting for the update from Sky. In the meantime, has anyone heard any news related to the Mediaworks sale?

[Ogg]

Quiet day today. Presume everyone's waiting for the update from Sky. In the meantime, has anyone heard any news related to the Mediaworks sale?

Mediaworks sale? You mean the asset stripping. Brooksfield has long finished with that.

Waiting in line at 13.7 for more. Not many trades today expect for some UBS bots.

[Quantitative Easing]

According to reddit Neon has improved a lot since it has merged with lightbox. Surprisingly a lot of people seem to prefer amazon prime over netflix.

[tqtq]

Mediaworks sale? You mean the asset stripping. Brooksfield has long finished with that.

Waiting in line at 13.7 for more. Not many trades today expect for some UBS bots.

I’m just keen to find out whether it’s going to be Discovery buying MW, however I suspect you’re right, and that nothing will happen. It was rumoured that Sky was waiting inline but I doubt that’s the case too. Not much happening on the ASX either. A few bot crosses pushing the price down slightly, most likely coming from UBS or Credit Suisse or whichever broker put the ****ty target prices on Sky (to suit their own purposes).

[tqtq]

According to reddit Neon has improved a lot since it has merged with lightbox. Surprisingly a lot of people seem to prefer amazon prime over netflix.

Was a good move to buy Lightbox. Sounds like an awesome platform + all of the customers that were bundled into the deal.

[Quantitative Easing]

Was a good move to buy Lightbox. Sounds like an awesome platform + all of the customers that were bundled into the deal.

Yes reddit knows best and is ultimately the best insight into the market as it is the platform with the most market participants.

[Ogg]

I’m just keen to find out whether it’s going to be Discovery buying MW, however I suspect you’re right, and that nothing will happen. It was rumoured that Sky was waiting inline but I doubt that’s the case too. Not much happening on the ASX either. A few bot crosses pushing the price down slightly, most likely coming from UBS or Credit Suisse or whichever broker put the ****ty target prices on Sky (to suit their own purposes).

From what I can gather (from public information) and from what I see likely happening...

Mediaworks is being sold to Discovery as part of a condition that Infratil/Brooksfield get Sky.

Mediaworks got asset striped first (by the owner Brooksfield) and then is getting offered to Discovery to appease regulators in a larger deal with Sky.

One buyer can't have everything, otherwise the ComCom would block the transaction.

You read it here first.

[tqtq]

Yes reddit knows best and is ultimately the best insight into the market as it is the platform with the most market participants.

It’s honest and reliable feedback. If there’s anything they don’t like they’d let you know.

[tqtq]

From what I can gather (from public information) and from what I see likely happening...

Mediaworks is being sold to Discovery as part of a condition that Infratil/Brooksfield get Sky.

Mediaworks got asset striped first (by the owner Brooksfield) and then is getting offered to Discovery to appease regulators in a larger deal with Sky.

One buyer can't have everything, otherwise the ComCom would block the transaction.

You read it here first.

I’m pretty sure there are a lot of behind the scenes deals like that going on.

I reckon that if Sky’s going to get taken over it’s more likely going to be from a Comcast or similar player that can bring some scale, content, adtech and US$ that might benefit from Sky NZ’s rugby deals and the next to nothing US$ price.

Whatever the case, the SP will get a nice boost.

[Quantitative Easing]

https://www.stuff.co.nz/sport/league/warriors/122481219/warriors-forced-by-nrl-to-end-naming-rights-deal-with-vodafone

I also find the timing of this very strange. It could be nothing and most probably is...or it could be the start of the great media-telco consolidation in Australasia. Needs to happen sooner than later if they want to survive.

[Ogg]

Further to my post above, you might ask... "why doesn't Discovery just buy Sky instead of Mediaworks"?

The answer: Sky is worth more to Infratil/Brooksfield because of their existing relationship with Sky and also because Sky is entering the broadband market. THerefore Infratil/Brooksfield will always likely outbid Discovery for Sky. Rather than Infratil/Brooksfield and Discovery fighting over Sky, and pushing up the price, Discovery gets Mediaworks from Infratil/Brooksfield for a discounted price, as part of Discovery agreeing to stay out of Sky.