SKT Sky Network Television Limited.

[Dlownz]

Spark pleased about their cricket .... 3 million hours of cricket viewed to date

That’s a lot of Scotty and Suzie ....jeez they are both terrible.

If someone gets the chance ask if its spark sport streaming or including tvnz figures. Lol. Did they release subscriber numbers

[winner69]

If someone gets the chance ask if its spark sport streaming or including tvnz figures. Lol. Did they release subscriber numbers

Of course not ...that could be embarrassing

Pity NZC is killing New Zealand cricket

[Joshuatree]

Vocus

Half Year Results - ASX Release and Investor Presentation 31 pages 8.8MB (https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02345220)

[mistaTea]

I know most don't put a lot of stock in Morningstar, but this is their take:

Event analysisA Clearer Earnings Picture as Normal Programming Resumes at Sky
The 15% lift in Sky's fiscal 2021 first-half adjusted EBITDA to NZD 116 million establishes a constructive picture of the group's earnings base from fiscal 2022. Based on management's unchanged fiscal 2021 full-year EBITDA guidance range of NZD 170 to 183 million, the interim result implies second-half EBITDA of NZD 54 to 66 million. This would be down 28% to 41% year on year, as new content rights kick in (including SANZAAR) while higher costs of a normalising sports schedule coincide with broadband launch costs.

Our fiscal 2021 second-half EBITDA forecast of NZD 59 million sits within this implied range. Critically, annualising this more "normal" earnings level validates our unchanged fiscal 2022 EBITDA forecast of NZD 124 million. Swings and roundabouts may come in the form of revenue upside from management's rejuvenated efforts to stabilise satellite subscribers (down 4% in the first half), potentially offset by broadband start-up losses and greater costs from Sky's pursuit of more "co-exclusive" content. However, we are comfortable with our unchanged expectations (factoring in no broadband contributions) and our NZD 0.30 fair value estimate (AUD 0.28 at current exchange rates).

Even more comfortable is our view on Sky's balance sheet, ending December 2020 with an NZD 123 million cash balance. This is more than enough to repay the NZD 100 million bond (maturing in March 2021), while an undrawn NZD 200 million facility (maturing July 2023) provides ample firepower for Sky to continue its transformation from a set-top-box pay TV company to a hybrid satellite-streaming entity.

Shares in no-moat-rated Sky remain at a significant discount to our intrinsic assessment. With the balance sheet sound and non-content costs under control (NZD 18 million permanent cut in the first half), we can only attribute the discount to our fair value estimate to market scepticism on stabilisation of Sky's satellite subscribers and, hence, its sustainable earnings base.

[mistaTea]

I note this section from the Notes in the HY report...

"On 1 December 2020 Martin Stewart left by mutual agreement and Sophie Moloney was appointed the new CEO on this date.

The six months ended 31 December 2020 includes the accrued cost of termination benefits associated with the former CEO of$1,331,000, and short-term employee benefits of $390,000 which are based on achieving targets for the year to 30 June 2021.Therefore, the actual short-term employee benefits paid may ultimately differ from what has been estimated.

On 21 February 2020, 200,000 ordinary shares vested to the former CEO as part of a contractual entitlement to receive a total of800,000 ordinary shares in instalments of 200,000 on each of the first four anniversaries of commencement of employment. As aresult of the CEO’s decision to leave by mutual agreement the 600,000 ordinary shares yet to vest have been recognised at balancedate. While the share price at 31 December 2020 was $0.16, this equity-settled share scheme is accounted for and measuredbased on the fair value at grant date (1 February 2019) of $1.93 per share ($1,158,000)."

I don't understand this last bit, Martin did not get paid out the 600K shares @$1.93, surely? He got the 200K shares as part of the agreement and they wrote the other 600K off the Balance Sheet @$1.93?

[Ogg]

I note this section from the Notes in the HY report...

"On 1 December 2020 Martin Stewart left by mutual agreement and Sophie Moloney was appointed the new CEO on this date.

The six months ended 31 December 2020 includes the accrued cost of termination benefits associated with the former CEO of$1,331,000, and short-term employee benefits of $390,000 which are based on achieving targets for the year to 30 June 2021.Therefore, the actual short-term employee benefits paid may ultimately differ from what has been estimated.

On 21 February 2020, 200,000 ordinary shares vested to the former CEO as part of a contractual entitlement to receive a total of800,000 ordinary shares in instalments of 200,000 on each of the first four anniversaries of commencement of employment. As aresult of the CEO’s decision to leave by mutual agreement the 600,000 ordinary shares yet to vest have been recognised at balancedate. While the share price at 31 December 2020 was $0.16, this equity-settled share scheme is accounted for and measuredbased on the fair value at grant date (1 February 2019) of $1.93 per share ($1,158,000)."

I don't understand this last bit, Martin did not get paid out the 600K shares @$1.93, surely? He got the 200K shares as part of the agreement and they wrote the other 600K off the Balance Sheet @$1.93?

Looks like to me he got paid $1.1m in cash and bailed.

[mistaTea]

Looks like to me he got paid $1.1m in cash and bailed.

Enough to fly back to the Mother Land First Class...

[nztx]

Looks like to me he got paid $1.1m in cash and bailed.

the new Recruit onboard for the spot doesn't look too foul at all .. ;)

Sounds like a darn good move on part of the Board ..

Had better keep her on so she can hand us all some divvies a bit further down the track .. ;)

May have to buy a few more of these now .. :)

[Getty]

Truck for sale
Average condition
$500 ono
Call or text 0800 759 759

https://i.imgur.com/VhHW0K2.jpg

Was Derek mentioned in dispatches, or did he just get to keep his company vehicle?

[Snow Leopard]

....I don't understand this last bit, Martin did not get paid out the 600K shares @$1.93, surely? He got the 200K shares as part of the agreement and they wrote the other 600K off the Balance Sheet @$1.93?

No, he did not get paid the cash, but it appears he is entitled to get the 600,000 shares as per the final director's interest notice (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/364810/337159.pdf) and thus they have been brought them on to the balance sheet as new equity.

The accounting treatment of this going forward is not something I am totally confident I understand fully ( translation I have no clue ):

https://c4.wallpaperflare.com/wallpaper/362/174/348/confused-leopard-shallow-focus-photo-of-cheetah-wallpaper-preview.jpg

[clown]

What's in here? :)

https://www.nzherald.co.nz/business/sky-nzr-reach-breakthrough-super-rugby-aotearoa-global-rugbypass-streaming-deal/ZLWKO2QEBC7U5KH67JZXKUDAJY/

[nztx]

What's in here? :)

https://www.nzherald.co.nz/business/sky-nzr-reach-breakthrough-super-rugby-aotearoa-global-rugbypass-streaming-deal/ZLWKO2QEBC7U5KH67JZXKUDAJY/


A bit of a pat on the head for NZ Rugby & a Revenue Stream from Sky .. might make NZ Rugby feel a bit better .. ;)

[clown]

A bit of a pat on the head for NZ Rugby & a Revenue Stream from Sky .. might make NZ Rugby feel a bit better .. ;)

Thanks :) Oh well, on we go....

[mistaTea]

What's in here? :)

https://www.nzherald.co.nz/business/sky-nzr-reach-breakthrough-super-rugby-aotearoa-global-rugbypass-streaming-deal/ZLWKO2QEBC7U5KH67JZXKUDAJY/

Holy sh1t! How did Sophie pull this one out of the bag?!

[nztx]

Holy sh1t! How did Sophie pull this one out of the bag?!


If we wait long enough - she might even pull out a Divvie for us too .. ;)

[Dlownz]

Sky, NZR reach breakthrough Super Rugby Aotearoa global RugbyPass streaming deal
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12424015
Paywalled
But anyway would this not fit announcement news

[allfromacell]

Sky TV and NZ Rugby have inked a deal for Super Rugby Aotearoa 2021 matches to stream in more than 100 countries via Sky's RugbyPass service - including top-tier rugby nations the UK, Ireland and
Weekly passes, featuring two live games every weekend, plus highlights and condensed games, will be available at www.rugbypass.com/live-super-rugby for US$9.99 ($12.75), €7.99 or £6.99, whilst fans can get a season-long pass for US49.99, €39.99 or £34.99.

[mistaTea]

Sky, NZR reach breakthrough Super Rugby Aotearoa global RugbyPass streaming deal
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12424015
Paywalled
But anyway would this not fit announcement news


I would have thought it needed an announcement too.

It isn't even referenced on the website: https://www.sky.co.nz/media-centre

Here is the RP article: https://www.rugbypass.com/news/rugbypass-to-live-stream-super-rugby-aotearoa-in-uk-ireland-europe-asia-and-me/

[mistaTea]

I think this deal could potentially push revenue really high.

They have the rights to Europe (including UK). That is over half a billion people... and subs for the season only cost EUR 39.99 or GBP 34.99.

Will be very interesting to see how many people subscribe, but for every 100K subs that is an extra NZ$6.5M to the top line.

[Alpha]

Awesome news re Rugby Pass. If the shares stay this cheap and the company doesn't get approached to be purchased I would be very surprised. I am hopefully they don't though as would rather Sky just keep doing its things and continue forward.

On a side not just looked up Broadband and you can now register https://www.sky.co.nz/broadband/register and there is heaps more help stuff up https://www.sky.co.nz/broadbandhelp so very soon this will be live as Sophie said.

[Baa_Baa]

On a side not just looked up Broadband and you can now register https://www.sky.co.nz/broadband/register and there is heaps more help stuff up https://www.sky.co.nz/broadbandhelp so very soon this will be live as Sophie said.

Must have a Fibre connection, this is not for copper connected (DSL, VDSL). Wonder who's doing the ISP and backhaul? Promoting super fast & reliable (so must be faster and more reliable than other providers). At what price?

Cracking news about the NZ Rugby rights, would have thought this warranted a market announce.

[Heimand]

I thought the new lady CEO knows how to act but here we are.... no announcement! And SP is 0.169! Unbelievable!

[Alpha]

We're building lightning fast broadband and we're pretty excited about it.
You may think broadband isn't that exciting - we do because we believe we can do it better. Why? We know technology, we know the speeds you need to stream on demand sports and entertainment, and we know how frustrating it can be when broadband doesn't work as it should.
So, we think you'll be excited too when Sky Broadband arrives - delivering super-fast reliable broadband, genuine responsive service, simple plans without confusing jargon, all at a great price.


Looking forward to seeing what any bundle packages will look like. I like that it says they it's is going to be broadband for entertainment. Marry this with the new 4k box. This is going to make for some great viewing. Massively excited for the year ahead and the investor day in Q4

I am not sure if they are going to also offer something for the people that cannot access Fibre? https://www.chorus.co.nz/broadband-map https://www.crowninfrastructure.govt.nz/ufb/where/ maybe they are not worried about this as majority of NZ has access to Fibre and soon by end of 2022 87% should have UFB.

[Alpha]

I thought the new lady CEO knows how to act but here we are.... no announcement! And SP is 0.169! Unbelievable!

"Sophie Maloney" - The new lady. Did say email them https://skytv.custhelp.com/app/contactus/feedback So if you are concerned that there is no announcement let her know.

[Alpha]

12340

All registered

[LaserEyeKiwi]

Must have a Fibre connection, this is not for copper connected (DSL, VDSL). Wonder who's doing the ISP and backhaul? Promoting super fast & reliable (so must be faster and more reliable than other providers). At what price?

Cracking news about the NZ Rugby rights, would have thought this warranted a market announce.

Vocus is who Sky is partnering with (Sky is a wholesaler customer for Vocus in this setup)

[LaserEyeKiwi]

I think this deal could potentially push revenue really high.

They have the rights to Europe (including UK). That is over half a billion people... and subs for the season only cost EUR 39.99 or GBP 34.99.

Will be very interesting to see how many people subscribe, but for every 100K subs that is an extra NZ$6.5M to the top line.

How popular is Super Rugby in Europe? particularly games that are playing in their early mornings? and are the games available on the traditional European pay tv services who normally play super Rugby games? (there is no mention in the announcement of it being "exclusive" to rugbypass)

[mistaTea]

How popular is Super Rugby in Europe? particularly games that are playing in their early mornings? and are the games available on the traditional European pay tv services who normally play super Rigby games? (there is no mention in the announcement of it being "exclusive" to rugbypass)

I think that NZ Super Rugby is popular for rugby fans in Europe. Just like 6 Nations is popular to many NZ rugby fans, even though the matches are not at social hours.

How many will pay EUR39.99 to stream the tournament is another matter - we shall have to wait and see.

Would be good to know if traditional players like Sky UK still have the rights to broadcast Super Rugby Aotearoa via satellite.

[mistaTea]

I see Spark are trying to charge $50 for the Parker fight! Good luck.

https://www.sparksport.co.nz/pay-per-view

PPV fights used to be $40 with Sky...and I wouldn't even pay that much to watch that bum fight.

[daveypnz]

If they can capture 1% of the total population from all those countries, the increase in revenue would be enormous. There are plenty of countries on the list where rugby is growing in popularity such as Georgia, Russia, Germany as well as the already obvious countries such as the UK. China apparently has the most rugby fans in the world as well...https://www.stuff.co.nz/sport/rugby/international/106062687/biggest-rugby-fan-bases-in-us-and-china--world-rugby-survey

Whether they'll pay to see the best club teams in the world play or not is obviously another matter. Hopefully they're marketing in China!

[Alpha]

https://www.newsroom.co.nz/mediaroom-sky-tv-and-nzme-cutting-their-way-to-growth

[mistaTea]

If they can capture 1% of the total population from all those countries, the increase in revenue would be enormous.

If you are looking at it from a total population level, then even 0.1% would be absolutely enormous. Between Europe, ME and Asia you have billions of people...

I think you need to figure out percentages of the rugby fan population though to get a better idea of earning potential. Without some context as to how much Sky have paid NZR we won't be able to figure out a break even point for subs.

Some articles lead me to believe that there could be 300M-400M people that identify themselves as 'rugby fans' worldwide. So maybe max 200M-300M in the countries RP has the rights to stream SR Aotearoa?

Then you have to make an estimate of how many of those 'fans' are actual Die Hard fans who will part with cold hard cash fora subscription to get their fix...

Let's say that, of those massive populations we now have the rights to, RP 'only' manage to convince 500K to fork out the equivalent of NZ$65 bucks for the season...that would be an extra $32.5M to the top line.

Is it unrealistic to think that the Elite NZR Teams playing a tournament against each other... the 'best of the best'... could attract 1M paid subs for the season? I don't think it is unrealistic, but time will tell.

There may even be a bunch of NZ and Aussie fans who take advantage of a cheap rugby sub by using a VPN.

Whatever money they raise internationally will be reflected in the FY21 cashflow statement. I imagine that the majority of fans who are prepared to pay will pay the EUR40 (or GBP, USD equivalent) up front for the whole season since it is a lot cheaper than buying a weekly pass.

So I think we will know very soon whether this has been super successful or not.

[Habits]

Great summation MT this gives me a lot of hope that the selloff this week has been overdone

Disc; I bought more today but still have half the amount of my best mate, so will be buying on weakness

[JohnnyTheHorse]

So half year results announcement tomorrow. With the recent guidance updates there shouldn't be too many surprises.

The technicals are in a strong bullish setup with the recent confirmation of a monthly uptrend, as well as a weekly bull flag now formed. The small pullback from the high strongly favours continuation. I think we need bit of a catalyst with more positive info in tomorrows update. Discussion around dividends would be one thing that'd certainly do it.

Still a lot of bag holders from over the years so this can create quite a lot of resistance on its way up (we have seen this already).

Well that bull flag didn't play out and got chopped in half! Now just looking to set that weekly higher low which I expect to be set around 16.5.

As mentioned there are many many bagholders in this one from over the years so it can be a battle to make good headway.

[daveypnz]

An old article about rugbypass: https://www.nzherald.co.nz/business/rugbypass-kicks-off-us20m-raise/2BYVTKS2BKIZZ7CVFM3FXMZKUQ/

Their rugby fan estimate is a lot lower at 100-120 million worldwide.

"He estimates that somewhere between three to five million people are keen enough to potentially pay the US$14.99 a month it costs to stream games via RugbyPass."

It seems like that $14.99 a month package was very good, already had Super Rugby (pre covid) plus more but I think it was only available in 23 countries: https://www.sports247.my/discovery-communications-invests-premium-ott-sports-platform/

Another previous article suggests Rugbypass only had 20,000 paying subs: https://www.nzherald.co.nz/business/sky-tv-books-big-loss-on-impairment-but-sees-return-to-profit-in-2021/2YHQ5F45BPWFIND4XOACULZSUE/

"RugbyPass's former owner claimed around 20,000 paying subs. Sky has not broken out a paid sub number."

edit: did a bit more research, I believe there were 23 countries which had access to a significant amount of rugby (mentioned in the sport247.com article above) none of these countries are rugby centric, it did include China so obviously not many of those 33 million fans will be signing up lol. Super Rugby Aotearoa obviously isn't part of that package anymore so some of these customers will likely fork out the $50 USD for it.

Other than this package it appears they have a package available for European Rugby only which includes Six Nations, Gallagher Prem (English club league) and Pro 14 (Irish, Welsh, Scottish, Italian league). Some significant countries this package is available in are Australia, Germany, Georgia, Russia and Romania. You'd imagine some of these customers (excluding Australia) will also buy the Super Rugby package.

Then there are the significant new countries that will have access to Super Rugby Package such as: England, France, Ireland, Italy, Scotland and Wales.

These six countries are obviously far more rugby centric than any of the other countries that have previously had access to one of the RugbyPass packages, with the exception of Australia but I'd say there is more European interest in New Zealand rugby than there is Australian interest in European Rugby. So should still be massive potential to increase subscriber numbers.

Sky UK had been paying 20m pounds a year for the rights previously: "The overseas rights for the 2016-2020 cycle were a cash bonanza for Sanzaar, which raked in about £20m a year (about $38m) from pay-TV operator Sky UK alone after it was locked in a bidding war with rival BT Sport." - https://www.stuff.co.nz/sport/rugby/super-rugby/300218763/sanzaar-reveals-streaming-interest-in-lucrative-overseas-broadcast-rights

So typically Sanzaar sells the rights to overseas broadcasters then NZ Rugby receives a significant portion of proceeds but Sanzaar has allowed NZR to go it alone due to covid, seems like this will be a one off deal. Do we have any idea what Rugbypass (Sky) has paid for the rights?

[daveypnz]

Just to continue last nights conversation, I finally got my head around how the deal works. Here is a good read: https://twitter.com/BMcSport/status/1364794468147163138

"So while SANZAAR hoped to get an OS deal done, it hasn't happened.

NZR - who owns a % of Sky, which in turn owns RugbyPass - hatched an alternate plan for this year, to at least create some degree of OS revenue through subscriptions."

In a normal year Sanzaar makes the broadcast deal, NZR gets a cut and Sky would get nothing as it has nothing to do with them. This is a very unique scenario when NZR owns a % of Sky who obviously own RP therefore they can work in unison. There is obviously potential for a massive audience if Sky UK had previously been paying 20m pounds per year for the deal.

The question is how much has RugbyPass paid for the rights? You'd obviously think NZR would give them a sweet deal given it was done last minute and they have a vested interest in Sky.

Unfortunately I've read a lot of comments on Twitter which suggest RP isn't exactly doing a stellar job, apparently they don't even support chromecast yet...

"Regarding casting: We don't have a cast button currently but it is in the works for next weekend. In the meantime, casting Chrome tabs to Chromecast is working for some people, while a good old HDMI cable should also work."

[mistaTea]

Just to continue last nights conversation, I finally got my head around how the deal works. Here is a good read: https://twitter.com/BMcSport/status/1364794468147163138

"So while SANZAAR hoped to get an OS deal done, it hasn't happened.

NZR - who owns a % of Sky, which in turn owns RugbyPass - hatched an alternate plan for this year, to at least create some degree of OS revenue through subscriptions."

In a normal year Sanzaar makes the broadcast deal, NZR gets a cut and Sky would get nothing as it has nothing to do with them. This is a very unique scenario when NZR owns a % of Sky who obviously own RP therefore they can work in unison. There is obviously potential for a massive audience if Sky UK had previously been paying 20m pounds per year for the deal.

The question is how much has RugbyPass paid for the rights? You'd obviously think NZR would give them a sweet deal given it was done last minute and they have a vested interest in Sky.

Unfortunately I've read a lot of comments on Twitter which suggest RP isn't exactly doing a stellar job, apparently they don't even support chromecast yet...

"Regarding casting: We don't have a cast button currently but it is in the works for next weekend. In the meantime, casting Chrome tabs to Chromecast is working for some people, while a good old HDMI cable should also work."

Thanks for sharing that - very interesting to read.

Great to see Sky able to take advantage of this unique opportunity from Covid. With regards to limitations of the app being ironed out - NZR must have been satisfied at the plan and believe RP can also perform in the best case scenario where there are a lot of simultaneous streams.

No point worrying too much about whether this truly will be a one-off versus an ongoing opportunity for RP. We first have to see how successful this venture goes.

If we don't attract many subs and the whole thing ends up sucking balls then we won't want to renew the rights anyway.

If, on the other hand, it is a resounding success and we make a bunch of money from it...and prove to SANZAAR that we are up to the task...then we should still be in the running for future negotiations. And, depending on how much $$$ we make, we may be able to justify paying more next time round.

So let's see what happens. It's only a 10 week tournament, so our foray into UK/Ireland/France will be a short one to test the waters.

I just hope RP's Marketing is up to scratch so they can attract as many subs as possible.

[LaserEyeKiwi]

If I had to guess - and this is simply a guess - I think Skys pivot with Rugby pass might mean that they may not be paying anything upfront for the overseas rights, and will instead take a cut of any revenue generated and pass the majority of revenue through to NZR.

[mistaTea]

If I had to guess - and this is simply a guess - I think Skys pivot with Rugby pass might mean that they may not be paying anything upfront for the overseas rights, and will instead take a cut of any revenue generated and pass the majority of revenue through to NZR.

The thought had crossed my mind that Sky may have paid less upfront but then shared any profits with NZR.

If that is how they have struck this last minute deal, depending on how the profits are shared...I am certainly open to the idea.

Dropping millions up front for a venture like this (which does have some significant risks) will be all good and well if it succeeds. But if it doesn't then that would just be another kick in the balls to shareholders.

So a revenue sharing model would limit Sky's downside. Also limits the upside too, but I am personally ok with that.

[LaserEyeKiwi]

The thought had crossed my mind that Sky may have paid less upfront but then shared any profits with NZR.

If that is how they have struck this last minute deal, depending on how the profits are shared...I am certainly open to the idea.

Dropping millions up front for a venture like this (which does have some significant risks) will be all good and well if it succeeds. But if it doesn't then that would just be another kick in the balls to shareholders.

So a revenue sharing model would limit Sky's downside. Also limits the upside too, but I am personally ok with that.

Actually just found this in a NBR report - sounds very much like Sky is not paying upfront anything for this:

Sky’s take
A Sky spokesperson said the company was not releasing commercial terms of the arrangement, but did say it differed to a standard rights deal – RugbyPass is the “service provider” for NZR (eg, it hasn’t bought the rights in a traditional way but will operate as NZR’s delivery platform to reach global fans).
“It’s a partnership with NZR to deliver Sky Super Rugby Aotearoa to global rugby fans in this unique season (where Sanzaar partners are running their own local tournaments due to Covid border restrictions),” she said, adding that it was not related to All Blacks rugby or any other negotiations, subjects on which the broadcaster was still saying little.

[mistaTea]

Actually just found this in a NBR report - sounds very much like Sky is not paying upfront anything for this:

Sky’s take
A Sky spokesperson said the company was not releasing commercial terms of the arrangement, but did say it differed to a standard rights deal – RugbyPass is the “service provider” for NZR (eg, it hasn’t bought the rights in a traditional way but will operate as NZR’s delivery platform to reach global fans).
“It’s a partnership with NZR to deliver Sky Super Rugby Aotearoa to global rugby fans in this unique season (where Sanzaar partners are running their own local tournaments due to Covid border restrictions),” she said, adding that it was not related to All Blacks rugby or any other negotiations, subjects on which the broadcaster was still saying little.

The news just keeps getting better!

Low downside but a chance at a reasonable upside.

A true ‘Dhando’ investment!

[daveypnz]

Fascinating. If they haven't had to pay anything then there is significant upside with basically no downside and it's amazing that the market hasn't recognised this...

[LaserEyeKiwi]

Fascinating. If they haven't had to pay anything then there is significant upside with basically no downside and it's amazing that the market hasn't recognised this...

Well we aren't sure how its structured - whether Sky is getting a cut of revenue, or if NZR is paying a fixed "service fee" regardless of amount of subscribers. regardless, it should improve Skys finances one way or another (hopefully bringing Rugbypass up to breakeven at least)

[daveypnz]

Well we aren't sure how its structured - whether Sky is getting a cut of revenue, or if NZR is paying a fixed "service fee" regardless of amount of subscribers. regardless, it should improve Skys finances one way or another (hopefully bringing Rugbypass up to breakeven at least)

I hope it's a revenue share. From research I've done there are 20m Rugby fans in France, 8m are "avid" fans. There are 12m fans in The UK, couldn't find a figure for "avid" fans but lets say 5m. That gives you 13m avid fans, capture 1% of them you've got 130k subs at ~$65 NZD a pop.

I've seen a lot of French Rugby fans inquiring about signing up on Twitter. It sounds like Canal+ used to have the rights but apparently they hardly ever televised the games live.

[Ogg]

Interesting arrangement. This could play out in a number of different ways long term.

The best outcome is for Sky to sell off or give NZRU/Silverlake rugby pass in exchange for the exclusive TV rights post 2025.

Rugby on Sky would become a "pay per view" event.

Customers could then choose their preferred platform, ie streaming or terrestrial TV, either both priced similar or offered as a combo. A revenue sharing agreement could be arranged.

In other words, Sky's costs and capital investment would be reduced but it also retains rights to TV content allowing it to extend it's life beyond 2025.

Over time NZRU/Silverlake would likely end up with the lions share of the revenue but Sky at least would get some of the "pie".

[mistaTea]

The best outcome is for Sky to sell off or give NZRU/Silverlake rugby pass in exchange for the exclusive TV rights post 2025.




LOL, your strategy seems to be "sell all streaming assets and just keep MySky". Previously you have said they should get rid of NEON! Their most popular streaming platform by far!

Their streaming platforms are going to become increasingly valuable over the next few years.

I suspect NEON subs will be increased in FY22. We only charge $13.95/month ($9.99 if you are with Spark). We could increase this by another couple of bucks and still be competitive relative to NETFLIX. Maybe charge $16.95 per month cancel any time or $180 Yearly Sub (equivalent of $15/month). Get the cash rolling in up front by encouraging Yearly Passes like they do for Sky Sport NOW.

They might need to charge an extra $1 for Sky Sport too for Sky Box customers. Need to be more careful here though. Will be easier to push this through as part of a competitive broadband bundle I think.

[Ogg]

LOL, your strategy seems to be "sell all streaming assets and just keep MySky". Previously you have said they should get rid of NEON! Their most popular streaming platform by far!

Their streaming platforms are going to become increasingly valuable over the next few years.

I suspect NEON subs will be increased in FY22. We only charge $13.95/month ($9.99 if you are with Spark). We could increase this by another couple of bucks and still be competitive relative to NETFLIX. Maybe charge $16.95 per month cancel any time or $180 Yearly Sub (equivalent of $15/month). Get the cash rolling in up front by encouraging Yearly Passes like they do for Sky Sport NOW.

They might need to charge an extra $1 for Sky Sport too for Sky Box customers. Need to be more careful here though. Will be easier to push this through as part of a competitive broadband bundle I think.

you said SKY would be @ 1.2m subs because of streaming...


https://www.youtube.com/watch?v=IUB-wjXUREE

Just face it, Neon and RugbyPass are dead. Infact, they were never alive to begin with. It was Martin's big dream that never materialized. Streaming was the reason for the 'under the bus' placement last year. Total disaster for the company, and the longer it holds onto streaming, the greater the risk going forward. Sky is just a media aggregator with no outside broadcasting facilities. It can't compete in the streaming world and never will. It doesn't have to though, it just need to focus on what it does best.

The streaming platforms are attractive from a takeover point of view. The box customers are good as they are potential streaming customers in the future, or at the very least when the new Skybox comes out it can be used as an intermediate to streaming.

You need to let go of the fact that Sky will never be a stand alone high dividend paying business. Nor will it ever be a telecommunications company. Sky broadband will likely be a flop.

Like what Sophie said, the value is in THE CUSTOMERS. Just need to sell them all off to Discovery for $500m. Then we can close this thread and never talk of Sky again!

[LaserEyeKiwi]

The broadcaster believes there is a “substantial addressable market” of 338 million rugby fans worldwide, with the site receiving three million views a month. But that hasn’t stopped it accumulating $14.5m in losses and writing down its carrying value from $38.4m to $10.9m.
On Tuesday, CEO Sophie Moloney said Sky had “crushed down all of the streaming-related costs [on RugbyPass] ... so that whilst it’s still not break-even, it’s a lower-cost operating model that we’re moving forward with”.

[steveb]

wonder who will be fronting up with the production costs?What will happen to the sky sport commentators who I think from a kiwi point of view are the best in the world.And of course will NZ rugby do a deal with prime or perhaps TVNZ?

Interesting times indeed

[daveypnz]

wonder who will be fronting up with the production costs?What will happen to the sky sport commentators who I think from a kiwi point of view are the best in the world.And of course will NZ rugby do a deal with prime or perhaps TVNZ?

Interesting times indeed

There shouldn't be any production costs other than whatever it costs for RugbyPass to stream the broadcast, nothing will happen to the sky sport commentators.

This has nothing to do with Sky's rugby deal in New Zealand, there won't be any deal with prime or TVNZ. Sky have the sole rights to Super Rugby in New Zealand.

[mistaTea]

you said SKY would be @ 1.2m subs because of streaming...



https://giphy.com/gifs/breakingbad-breaking-bad-walter-white-l0HU8V1CHKTUFtuFO

[Dlownz]

Hey guys pull your heads in. Share price drops and the schizophrenic personalitys come out. Yeah it dropped get over it. There was no real reason for the drop. 7% revenue drop is nothing much. Profit second half will be lower but maybe they are just continuing under promise over deliver. Because over delivering has been what sky has been doing the last 6 months.
If your not comfortable put your shares in something else. The whole nz share market is pretty much down at the moment so it had to flow through to sky somehow.

[Baa_Baa]

Ogg speaks = sp goes down
Ogg quiet = sp goes up

Sshhh Ogg, you’re not helping

I think I've figured it out, it's not that you just talk. It's that you bat sh1t talk crazy weird implausible nonsense. You seem way more intelligent and onto it than to post ridiculous satire, especially when you don't use emoji so people have no idea whether you're serious or not. Poor MistaT, must be tiresome constantly correcting clarifying the rubbish you spew with the on-repeat dumb and dumber videos.

Do you reckon you could lift your game and say something serious and sensible? Today was a joke.

[daveypnz]

Good article (paywall): https://www.nzherald.co.nz/business/sky-nzr-reach-breakthrough-super-rugby-aotearoa-global-rugbypass-streaming-deal/ZLWKO2QEBC7U5KH67JZXKUDAJY/

"Sky said partnering with NZ Rugby and Saanzar to bring Super Rugby Aotearoa to a global audience, and build RugbyPass overall, was one of its top four goals for 2021."

"When Sky UK won the last rights in 2015 they paid $38m a year," the insider said. "I presume it's nowhere near as high as that this time but that gives RugbyPass a real chance to grow and it is a genuine global play by Sky NZ."

Jarden head of research Arie Dekker says the Sky-NZR relief talks are "delicate" and that it's hard to give a verdict on Sky's 2021 outlook until they reach a full conclusion.


As things stand, Dekker yesterday maintained his "under-weight" rating on Sky, with a 12-month target price of 18c also unchanged after Sky's interim earnings report earlier this week.

[Ogg]

I think I've figured it out, it's not that you just talk. It's that you bat sh1t talk crazy weird implausible nonsense. You seem way more intelligent and onto it than to post ridiculous satire, especially when you don't use emoji so people have no idea whether you're serious or not. Poor MistaT, must be tiresome constantly correcting clarifying the rubbish you spew with the on-repeat dumb and dumber videos.

Do you reckon you could lift your game and say something serious and sensible? Today was a joke.


https://www.youtube.com/watch?v=dQw4w9WgXcQ

[mistaTea]

A quote from Uncle Warren's shareholder letter (he was talking about See's candy)...

"When a business manufactures and distributes a non-essential consumer product, the customer is the boss"

Same goes for Sky TV - Management and The Board are right to harp on about the need to look after our customers much better. A lot of progress has been made but, as Sophie said, a lot more is needed.

If we look after our customers Sky will become a much better 'value for money' prospect in the eyes of many. Looking after customers does not necessarily mean price cuts, though future pricing will no doubt be part of the mix. So long as perceived value is increased over time we will have no problem attracting enough customers who are prepared to pay.

Shareholders will ultimately be rewarded in due course, but you cannot focus on ways to reward shareholders until you have looked after the customer in a business like ours.

[mistaTea]

I also take heart in the fact that I am in good company with Warren in terms of making mistakes.

He overpaid for Precision CastParts in 2016 and has subsequently needed to write down the value of that investment to the tune of US$11B.

I overpaid for Sky TV, to the tune of $200K-250K.

We both still really like the businesses we own with no intention to sell.

Though it has been shown to me on a number of occasions just how idiotic I am, I do find inspiration in knowing that bonafide genius investors like Warren also make blunders from time to time.

[Dlownz]

https://www.nzx.com/announcements/368362
Just some clarification from some post last week.

[Quantitative Easing]

I also take heart in the fact that I am in good company with Warren in terms of making mistakes.

He overpaid for Precision CastParts in 2016 and has subsequently needed to write down the value of that investment to the tune of US$11B.

I overpaid for Sky TV, to the tune of $200K-250K.

We both still really like the businesses we own with no intention to sell.

Though it has been shown to me on a number of occasions just how idiotic I am, I do find inspiration in knowing that bonafide genius investors like Warren also make blunders from time to time.

Yup. Never assume you know more than the market. Usually the market is right and you are wrong. It's about treating it as a life lesson rather than give up on investing altogether. I see some people of Sharesies giving up on investing and calling it a mugs game after the easy money phase has subsided in recent months.

[dompf]

I also take heart in the fact that I am in good company with Warren in terms of making mistakes.

He overpaid for Precision CastParts in 2016 and has subsequently needed to write down the value of that investment to the tune of US$11B.

I overpaid for Sky TV, to the tune of $200K-250K.

We both still really like the businesses we own with no intention to sell.

Though it has been shown to me on a number of occasions just how idiotic I am, I do find inspiration in knowing that bonafide genius investors like Warren also make blunders from time to time.

SkyTV is getting better with digital options - but I still hope it goes further to break down content.

Like for instance if someone really loves a particular sport. It would be ideal to just buy that particular sport to stream; instead of having to pay for content you will never watch. At least Sky Sport is stand alone now for streaming @$400p.a but it would be good to go a step further and have options to just a) buy - Super Rugby or the NRL season for x$.

They do have specials every now and then but alas.

[daveypnz]

SkyTV is getting better with digital options - but I still hope it goes further to break down content.

Like for instance if someone really loves a particular sport. It would be ideal to just buy that particular sport to stream; instead of having to pay for content you will never watch. At least Sky Sport is stand alone now for streaming @$400p.a but it would be good to go a step further and have options to just a) buy - Super Rugby or the NRL season for x$.

They do have specials every now and then but alas.

Huge demand for this judging by social media. A lot of people in NZ are pissed off about RugbyPass for that reason.

It makes the world of sense, I can only assume it hasn't been done as the ARPU will likely go down significantly despite an increase in subs.

[LaserEyeKiwi]

SkyTV is getting better with digital options - but I still hope it goes further to break down content.

Like for instance if someone really loves a particular sport. It would be ideal to just buy that particular sport to stream; instead of having to pay for content you will never watch. At least Sky Sport is stand alone now for streaming @$400p.a but it would be good to go a step further and have options to just a) buy - Super Rugby or the NRL season for x$.

They do have specials every now and then but alas.

I made the mistake (From a shareholders perspective) this last weekend of mentioning to my brother in law that you can get Sky Sport Now as a standalone streaming product for $39 a month (or $33 a month on an annual contract). Unfortunately he is now in the process of getting rid of his MySkyBox and satellite subscription (for which he was paying $100 a month) and has signed up for the streaming sky sport product.

[LaserEyeKiwi]

Huge demand for this judging by social media. A lot of people in NZ are pissed off about RugbyPass for that reason.

It makes the world of sense, I can only assume it hasn't been done as the ARPU will likely go down significantly despite an increase in subs.

Overseas Rugbypass is $50 USD for the 11 weeks of Super Rugby NZ season. do the currency conversion and add GST and it comes out to not that much less than the same 3 month period of Sky Sport Now streaming price (especially if you are on the annual plan). So for about an extra 20% you get every other sport offered by sky as well included, along with all the other rugby competitions (not included in the rugbypass season ticket for Super Rugby NZ I assume).

RUGBY PASS: $50 USD = $70 NZD + 15% = $80.50c
3 months of Sky Sport Now = $99.75c

[mistaTea]

I made the mistake (From a shareholders perspective) this last weekend of mentioning to my brother in law that you can get Sky Sport Now as a standalone streaming product for $39 a month (or $33 a month on an annual contract). Unfortunately he is now in the process of getting rid of his MySkyBox and satellite subscription (for which he was paying $100 a month) and has signed up for the streaming sky sport product.


I actually don't think that is a mistake at all.

Sky need to focus on products that meet consumer demand.

No point your brother-in-law paying $100 per month when he really just wants sport. Sky Sport NOW should become more popular over time for those who just want a sport package - and that helps Sky know where to invest more.

If your brother-in-law still wants some of the hit shows Sky have he can also take NEON. That is only $13.95 per month (or $9.99 per month if you bill through Spark). So for half what he is paying now he could 'have the best of both worlds'.

Sky will have hundreds of thousands of Sky Box customers for years to come - but it is their streaming apps (NEON, Sky Sport NOW, Sky GO and RugyPass) that will become increasingly valuable over time. The more people that adopt (or switch to) these services, the stronger the signal for Sky as to where to focus future CAPEX.

We must not fear cannibalisation of our 'old' offerings in favour of the new.

[mistaTea]

Overseas Rugbypass is $50 USD for the 11 weeks of Super Rugby NZ season. do the currency conversion and add GST and it comes out to not that much less than the same 3 month period of Sky Sport Now streaming price (especially if you are on the annual plan). So for about an extra 20% you get every other sport offered by sky as well included, along with all the other rugby competitions (not included in the rugbypass season ticket for Super Rugby NZ I assume).

RUGBY PASS: $50 USD = $70 NZD + 15% = $80.50c
3 months of Sky Sport Now = $99.75c

Yes, plus Sky can't offer RugbyPass even if they wanted.

RugbyPass does not have the rights to broadcast in NZ - only Sky (satellite) and Sky Sport NOW do. In fact, the contract rights are so prescriptive that Sky GO is only allowed to stream it as a companion to a satellite sub (not a standalone).

Perhaps when future rights up up for negotiation in NZ Sky and NZR may look at some kind of RP offer for NZ. They could do a revenue sharing model again which would lower Sky's content costs.

But as you point out, Sky Sport is already a very cheap package for the amount of sport you get. Even if RP was offered in NZ, I think kiwis would save a few dollars a month, but lose access to a range of content. And a lot of 'sports fans' watch a number of other sports in addition to rugby.

[daveypnz]

Overseas Rugbypass is $50 USD for the 11 weeks of Super Rugby NZ season. do the currency conversion and add GST and it comes out to not that much less than the same 3 month period of Sky Sport Now streaming price (especially if you are on the annual plan). So for about an extra 20% you get every other sport offered by sky as well included, along with all the other rugby competitions (not included in the rugbypass season ticket for Super Rugby NZ I assume).

RUGBY PASS: $50 USD = $70 NZD + 15% = $80.50c
3 months of Sky Sport Now = $99.75c

That's a good point. I guess it just comes down to better marketing as Sky is still fighting a negative perception in the eye of many consumers.

Something simple like offering 10% off the monthly price for 3 months (or more) to cover the Rugby season could go a long way.

[LaserEyeKiwi]

I actually don't think that is a mistake at all.

Sky need to focus on products that meet consumer demand.

No point your brother-in-law paying $100 per month when he really just wants sport. Sky Sport NOW should become more popular over time for those who just want a sport package - and that helps Sky know where to invest more.

If your brother-in-law still wants some of the hit shows Sky have he can also take NEON. That is only $13.95 per month (or $9.99 per month if you bill through Spark). So for half what he is paying now he could 'have the best of both worlds'.

Sky will have hundreds of thousands of Sky Box customers for years to come - but it is their streaming apps (NEON, Sky Sport NOW, Sky GO and RugyPass) that will become increasingly valuable over time. The more people that adopt (or switch to) these services, the stronger the signal for Sky as to where to focus future CAPEX.

We must not fear cannibalisation of our 'old' offerings in favour of the new.

I agree with your sentiment, and I think that is the future for Sky to ideally be a collection of content licensing deals with minimal infrastructure, although I think its rather bad news in the short-medium term as it means lower ARPUs, more churn (its much easier to come and go on a streaming service than installing/cancelling a skybox) and the big factor is the fixed costs Sky has for its satellite infrastructure will increasingly be spread over less and less satellite subscribers.

I was pleased to see Sky had negotiated a much cheaper deal with its satellite provider, the more it can cut that down the easier it will be to transition mostly to streaming. Sky really has Optus over a barrell here I suppose (it isn't like anyone else is interested in utilising that satellite bandwidth I assume).

[mistaTea]

Huge demand for this judging by social media.

If this venture has been very successful then I would anticipate Sky releasing another earning guidance upgrade within the next couple of weeks.

The vast majority of people who are going to take a sub would have already done so by now. I expect the majority would have taken the cheaper season pass too rather than pay weekly.

So if it has been very successful, significant amounts of cash should have already hit Sky’s bank account.

And the previous earnings guidance did not factor this in - as no deal had been done with NZR at that point.

[daveypnz]

If this venture has been very successful then I would anticipate Sky releasing another earning guidance upgrade within the next couple of weeks.

The vast majority of people who are going to take a sub would have already done so by now. I expect the majority would have taken the cheaper season pass too rather than pay weekly.

So if it has been very successful, significant amounts of cash should have already hit Sky’s bank account.

And the previous earnings guidance did not factor this in - as no deal had been done with NZR at that point.

I meant there is huge demand for individual sports packages in New Zealand.

Definitely plenty of interest for the RP package on Twitter though. There are a lot of Canadians & Americans asking for it, a shame RP can't offer it to them.

[mistaTea]

I meant there is huge demand for individual sports packages in New Zealand.

Definitely plenty of interest for the RP package on Twitter though. There are a lot of Canadians & Americans asking for it, a shame RP can't offer it to them.

I suspect the North Americans will get access with a VPN.

So can kiwis who really want it.

You don’t exactly need to be “tech savvy” to use a VPN these days.

[LaserEyeKiwi]

Slimmed down single sport streaming products in NZ are bad for Sky's business model, and also bad for the majority of sports entities. It is the only option for rugbypass (sky doesn't own any other international streaming rights other than for rugby) so it makes sense for rugbypass which also happens to operate in a much larger addressable market where a single sport streaming product makes sense. Even standalone Sky sport subs aren't great for Sky, but are probably a necessity.

Bundle economics are at the heart of the success of sky - and if they offer a rugby only product then it would end up paradoxically becoming more expensive than the current sky sport bundle as the advantage of bundle economics breakdown and eventually disappear. (A rugby only streaming product offered in NZ would also increase the likelihood of NZR at some point in future simply offering it themselves instead of selling the rights, especially now that sky have outsourced their outdoor sports production capability)

Currently every sky subscriber subsidises the cost of Rugby content for those subscribers who do watch rugby. At $33.25 a month (The annual cost of SkySportNow divided by 12 months), I actually think Sky Sport Now is close to running at a loss/breakeven in terms of the cost of sports rights divided by the number of subscribers to sky sport (Satellite + streaming), but due to the fixed cost nature of sport content rights, then any extra or retained sport subscriber is better than a lost subscriber.

[mistaTea]

Bundle economics are at the heart of the success of sky -

Agreed, and most customers would continue to take the bundle even if single-sport offerings were available I suspect because you get a lot more value for your money.

But it is also fair to say that Sky need to consider all addressable markets. That would need to include considering a future where RP was made available to NZ. It might not make sense to do it in the end, but they need to look at it.

On a related note, I am keen to see what they do with their Sky Box bundles moving forward.

Personally, I think they need to scrap Sky Starter. A lot of the channels are Freeview anyway.

They should offer Freeview channels as automatically loaded and 'free' provided you take at least one bundle. Then they can move the other non-Freeview channels from Starter to Entertainment, and just have the one 'entertainment' package. Also include SOHO in the entertainment offering, not a standalone channel. Price the new Sky Entertainment at $40 per month.

If you just want Sky Sport, you should be able to take it without having to subscribe to Sky Entertainment (and, as described above - Freeview channels will automtically be loaded in addition to your Sky sub). But you have to pay the 'standalone' price of $40 per month). As a sweetner, if you do subscribe to Sky Entertainment, you can have Sport for $31.99.

The more bundles you add, the cheaper they become. If you have one bundle and add Sky Movies (normally $20/month) then you can have it for $15/month. If you have Entertainment + Sport and add Movies you can have it for $10/month.

So you encourage customers to add more channels by rewarding them with discounts.

MySky fee also needs to be reduced. $5/month max.

Then someone who wants Entertainment + Sport + Movies + MySky will pay $39.99 + $31.99 + $9.99 + $5 = $86.97 for 'The Works'. Obviously I have just made up the package prices, but the principal is there.

You simplify your bundles, remove the Sky Starter Hurdle for those who don't want any of Sky's entertainment offerings, and encourage customers to add more by discounting. And you make the MySky fee much more reasonable (if you have to charge it at all).

mistaTea for COO?

[airedale]

I thought about getting the Neon channel, but found that I would have to download the app and then cast to my TV. So I didn't bother as thought that it would be an add-on like the Movie channel. If it is a Sky business it should be in the Sky channels. I might have used the app but my wife would never use it to watch anything. She just switches the main set on and expects what she is looking for to be there and she would not faff around with apps and casting.

[LaserEyeKiwi]

Agreed, and most customers would continue to take the bundle even if single-sport offerings were available I suspect because you get a lot more value for your money.

But it is also fair to say that Sky need to consider all addressable markets. That would need to include considering a future where RP was made available to NZ. It might not make sense to do it in the end, but they need to look at it.

On a related note, I am keen to see what they do with their Sky Box bundles moving forward.

Personally, I think they need to scrap Sky Starter. A lot of the channels are Freeview anyway.

They should offer Freeview channels as automatically loaded and 'free' provided you take at least one bundle. Then they can move the other non-Freeview channels from Starter to Entertainment, and just have the one 'entertainment' package. Also include SOHO in the entertainment offering, not a standalone channel. Price the new Sky Entertainment at $40 per month.

If you just want Sky Sport, you should be able to take it without having to subscribe to Sky Entertainment (and, as described above - Freeview channels will automtically be loaded in addition to your Sky sub). But you have to pay the 'standalone' price of $40 per month). As a sweetner, if you do subscribe to Sky Entertainment, you can have Sport for $31.99.

The more bundles you add, the cheaper they become. If you have one bundle and add Sky Movies (normally $20/month) then you can have it for $15/month. If you have Entertainment + Sport and add Movies you can have it for $10/month.

So you encourage customers to add more channels by rewarding them with discounts.

MySky fee also needs to be reduced. $5/month max.

Then someone who wants Entertainment + Sport + Movies + MySky will pay $39.99 + $31.99 + $9.99 + $5 = $86.97 for 'The Works'. Obviously I have just made up the package prices, but the principal is there.

You simplify your bundles, remove the Sky Starter Hurdle for those who don't want any of Sky's entertainment offerings, and encourage customers to add more by discounting. And you make the MySky fee much more reasonable (if you have to charge it at all).

mistaTea for COO?

Sky's recent moves suggest they are open to experimentation with discounts on multiple offerings (giving Soho for free to multiple bundle subscribers as an example) - and in fact sky has always been like that in a way as sky sport is effectively offered at a discount below what it would normally cost as a standalone service (but which it hasn't been offered until recently).

Although I think you may be overlooking the fact that sky split up what is now Starter & Entertainment not too long ago due to customer pressure that they cost too much as a base plan for which they needed to then add a sport sub on top of - so you would be reversing that effectively to much displeasure.

I think the majority of Skys gross margin is currently generated by Starter & Entertainment, I think margins on those bundles are probably over 75%, and the fact that you need one of those to get sky sport actually masks the true cost of sky sport.

Satellite subscribers, which are still the vast bulk of sport subscribers, are effectively paying a minimum of $58 for sky sport ($26 starter + $32 sport). That is all missing for a SkySportNow subscriber who has zero incentive or capability to sign up to any other sky content except for NEON (which as an aside is a far more attractive product than Movies+Soho).

I've been considering cancelling my satellite subscription for a few months. I was a Sky "Whale" spending $130 on the full subscription (Starter/entertainment/sport/moveis/mysky+), but got rid of movies so am down to $103 month. But I think it's time I switch to SkySportNow & Neon, as the only content I watch is on Sport & Soho - and regular free TV now have solid streaming apps. Sport & Neon will cost me just $43 month (Annual skysportnow pass + $10 neon through spark). I would gladly pay $60 for sport and NEON so there is definitely room for some sort of price increase.

I think there is the possibility Sky uses broadband as the new "Starter" - the margin from a monthly sky broadband connection (perhaps bringing $10-$15 a month profit to sky) being able to subsidise a reduced sport subscription price to broadband customers.

[Baa_Baa]

I thought about getting the Neon channel, but found that I would have to download the app and then cast to my TV. So I didn't bother as thought that it would be an add-on like the Movie channel. If it is a Sky business it should be in the Sky channels. I might have used the app but my wife would never use it to watch anything. She just switches the main set on and expects what she is looking for to be there and she would not faff around with apps and casting.

The Neon app is super easy to download and use, as others have said the content is very good. Getting a Chromecast for our older TV was also super simple but the modern TV's are already internet connected so can do Neon and Skysport direct from the TV. My better half was just like yours until I showed her some Neon (and Netflix content), now she's hooked and easily does it from her iPad herself with a few series she loves. We haven't had SkyTV STB or mySky for a few years now, haven't missed it either, or the bills.

[mistaTea]

Although I think you may be overlooking the fact that sky split up what is now Starter & Entertainment not too long ago due to customer pressure that they cost too much as a base plan for which they needed to then add a sport sub on top of - so you would be reversing that effectively to much displeasure.


All great points, but with regards to this particular comment...

Sky Basic used to be about $50/month. I am proposing sharper pricing but also removing it as an entry package. If you effectively recreated Sky Basic (but included SOHO) and priced it a bit cheaper...I don't think it would be an issue so long as customer's who just want Sport are not forced to buy the 'new Entertainment' package...

A different view would be that Sky should be looking to break down their bundles even further. That has merit too.

So long as there are 'standalone' offerings (priced accordingly) and you are incentivised to bundle more content with discounts I think Sky can continue to succeed.

[mistaTea]

The Neon app is super easy to download and use, as others have said the content is very good. Getting a Chromecast for our older TV was also super simple but the modern TV's are already internet connected so can do Neon and Skysport direct from the TV. My better half was just like yours until I showed her some Neon (and Netflix content), now she's hooked and easily does it from her iPad herself with a few series she loves. We haven't had SkyTV STB or mySky for a few years now, haven't missed it either, or the bills.

Yeah, if you just like SOHO and Sky Sport... much better value to go for Sky Sport NOW and NEON.

I have Sky Sport NOW (I got a super special of $299 Annual Pass - $24.92/month) - it has all the same channels as Sky Sport...but a fantastic Highlights and 'Features' section. Makes it so easy to find their On Demand content - of which there is a lot!

[LaserEyeKiwi]

All great points, but with regards to this particular comment...

Sky Basic used to be about $50/month. I am proposing sharper pricing but also removing it as an entry package. If you effectively recreated Sky Basic (but included SOHO) and priced it a bit cheaper...I don't think it would be an issue so long as customer's who just want Sport are not forced to buy the 'new Entertainment' package...

A different view would be that Sky should be looking to break down their bundles even further. That has merit too.

So long as there are 'standalone' offerings (priced accordingly) and you are incentivised to bundle more content with discounts I think Sky can continue to succeed.

Oh I had missed that - yes definitely options there for a non-compulsory entertainment bundle.

[mistaTea]

https://www.walesonline.co.uk/sport/rugby/rugby-news/super-rugby-aotearoa-shown-uk-19906109

So it looks like Sky UK are are not broadcasting this tournament at all.

Which means RP is the only destination for UK fans to legally stream it.

The UK alone could generate millions of subscriptions. And for 35 quid, it would be a no-brainer for rugby fans I would have thought.

I wonder what percentage of the earnings Sky are likely to keep? Anyone have any experience/insights in this area?

[daveypnz]

https://www.walesonline.co.uk/sport/rugby/rugby-news/super-rugby-aotearoa-shown-uk-19906109

So it looks like Sky UK are are not broadcasting this tournament at all.

Which means RP is the only destination for UK fans to legally stream it.

The UK alone could generate millions of subscriptions. And for 35 quid, it would be a no-brainer for rugby fans I would have thought.

I wonder what percentage of the earnings Sky are likely to keep? Anyone have any experience/insights in this area?

I wouldn't have been excited if Sky UK were broadcasting it.

I'm hoping revenue split will be 50/50 with NZR. NZR will benefit if the Sky SP rockets.

Millions of subs is optimistic but not impossible. There are approximately 13 million "avid" rugby fans in Europe, how many of those are willing to pay for a sub I don't know.

[Baa_Baa]

Sky has to be a punt on the turn around of the century it’s just about whether they can halt the decline in subs and remain profitable with a pristine balance sheet. With nearly a million subs this looks doable.

[DarkHorse]

How are things likely to pan out in future years, assuming borders open and super-rugby becomes transnational again? Will similar RP opportunities exist?

[Baa_Baa]

This might be a distressed share price (opportunity) but it is definitely not a distressed company, the financials are sound. The market will realise this and rerate

[DarkHorse]

Sorry accidental repetition...

[daveypnz]

How are things likely to pan out in future years, assuming borders open and super-rugby becomes transnational again? Will similar RP opportunities exist?


Unlikely, not without paying a large price tag anyway. Normally a broadcaster in the UK would pay big money for the rights but due to uncertainty with Covid over there nobody came to the party this time round. Previously SKY UK were paying 20m pounds per year for the rights but that was when SR was global and would've included test rugby as well.

If this does end up being a roaring success there's no reason they can't bid for the rights next time round, they'd have NZR in their corner at the negotiation table as well. However I'm not overly optimistic, I expect this to be a nice one time profit due to the fact that they've paid nothing for the rights which are normally very expensive.

[mistaTea]

Unlikely, not without paying a large price tag anyway. Normally a broadcaster in the UK would pay big money for the rights but due to uncertainty with Covid over there nobody came to the party this time round. Previously SKY UK were paying 20m pounds per year for the rights but that was when SR was global and would've included test rugby as well.

If this does end up being a roaring success there's no reason they can't bid for the rights next time round, they'd have NZR in their corner at the negotiation table as well. However I'm not overly optimistic, I expect this to be a nice one time profit due to the fact that they've paid nothing for the rights which are normally very expensive.

Only time will tell.

But if RP proves to be a success - this could be just the beginning.

Let’s say it is a 50/50 split. And let’s say they do well and get 3M subs across the 100 countries they have rights to (a solid result, but not ridiculous numbers given the UK and all of Europe (except Spain) are included).

Well that would generate ~NZ$100M for NZR. Even if they only get half those subs it is still an extra $50M to NZR - and that is for just one 11 week domestic tournament!

Perhaps SANZAAR would be keen to do a similar revenue sharing deal with RP if the commercials are there? They would have one provider to deal with for streaming rights outside the SANZAAR countries and could generate more revenue by sharing with RP as opposed to getting cheques from a range of suppliers (which fixes the earning potential).

[mistaTea]

Only time will tell.

But if RP proves to be a success - this could be just the beginning.

Let’s say it is a 50/50 split. And let’s say they do well and get 3M subs across the 100 countries they have rights to (a solid result, but not ridiculous numbers given the UK and all of Europe (except Spain) are included).

Well that would generate ~NZ$100M for NZR. Even if they only get half those subs it is still an extra $50M to NZR - and that is for just one 11 week domestic tournament!

Perhaps SANZAAR would be keen to do a similar revenue sharing deal with RP if the commercials are there? They would have one provider to deal with for streaming rights outside the SANZAAR countries and could generate more revenue by sharing with RP as opposed to getting cheques from a range of suppliers (which fixes the earning potential).

Of course, if they exceeded all expectations and got 5M subs (an everage of 50K per country) that would be a whopping $162.5M revenue to NZR.

I am not saying that they will get those kinds of numbers, but the upside is enormous if this thing does succeed.

Every 100K subs they attract is an extra ~NZ$3M to NZR under a 50/50 deal (an extra ~NZ$3M for Sky too...).

I hope they sort out the Chromecast issue. Sky Aotearoa is being broadcast on an upgraded RP platform...so customers have to use a browser (the app does not work for SR Aotearoa). Mainstream won't want to have to piss around with HDMI cables to get the game on the big screen... RP need to make viewing as easy and seamless as possible.

Then again, a season pass is so damn cheap...they should still attract plenty of attention.

[mistaTea]

Duplicate message for some reason.

[Ogg]

let’s say they do well and get 3M subs

3m subs?


https://www.youtube.com/watch?v=IUB-wjXUREE

They're probably get 100k subs, maybe 200k tops. This is provincial rugby. Most people will cancel after the short season.

The fact that they didn't announcement this agreement makes me think that it's not material. So in other words, little to no revenue for Sky.

The silver lining here is that it sets up RugbyPass as a global "platform", which is where the value is long term.

Discovery have the world wide rights to stream Golf (discoverygolf.com), which is why they would be interested in buying Rugbypass and adding it to their portfolio. The CEO of Discovery has said repeatedly that they are not going after scripted movies or TV shows but are looking for Sports / Documentary content and platforms.

This is why Rugbypass needs to be sold off or used as a bargaining chip for a takeover.

[mistaTea]

3m subs?


They're probably get 100k subs, maybe 200k tops. This is provincial rugby. Most people will cancel after the short season.

The fact that they didn't announcement this agreement makes me think that it's not material. So in other words, little to no revenue for Sky.

The silver lining here is that it sets up RugbyPass as a global "platform", which is where the value is long term.

Discovery have the world wide rights to stream Golf (discoverygolf.com), which is why they would be interested in buying Rugbypass and adding it to their portfolio. The CEO of Discovery has said repeatedly that they are not going after scripted movies or TV shows but are looking for Sports / Documentary content and platforms.

This is why Rugbypass needs to be sold off or used as a bargaining chip for a takeover.

Yeah, but I think we have established that you have no idea what you are talking about :D

[Ogg]

Yeah, but I think we have established that you have no idea what you are talking about :D

True but it seems to make me money on here. Wouldn't you agree? :lol:

[mistaTea]

True but it seems to make me money on here. Wouldn't you agree? :lol:

LOLLLL. After CGT you have probably made about $7K after an enormous amount of trading activity and anxiety/stress.

I would get excited over 7 grand too if it wasn't a rounding error I suppose :t_up:

[mistaTea]

I have no idea how many subs RP will get, and make no predictions.

However, in the UK alone there are million of rugby fans...and nobody but RP is broadcasting there.

£35 works out to be £3.18 per week.

Is it ridiculous to think that a sizeable chunk of the rugby fans in the UK would be prepared to pay 3 quid a week to subscribe to the tournament? I don't think it is.

And then there are 99 additional countries to consider...

[LaserEyeKiwi]

I have no idea how many subs RP will get, and make no predictions.

However, in the UK alone there are million of rugby fans...and nobody but RP is broadcasting there.

£35 works out to be £3.18 per week.

Is it ridiculous to think that a sizeable chunk of the rugby fans in the UK would be prepared to pay 3 quid a week to subscribe to the tournament? I don't think it is.

And then there are 99 additional countries to consider...

A sizeable number would subscribe to a local UK tournament - I think the amount who would subscribe to a NZ tournament is probably quite a bit less than that. I would compare it to what percentage of NZ rugby viewers would subscribe to a foreign rugby tournament if Sky didn't screen them? I would guess the number would be 1-2%.

[mistaTea]

A sizeable number would subscribe to a local UK tournament - I think the amount who would subscribe to a NZ tournament is probably quite a bit less than that. I would compare it to what percentage of NZ rugby viewers would subscribe to a foreign rugby tournament if Sky didn't screen them? I would guess the number would be 1-2%.

We will soon see how popular the tournament is to the rest of the world.

The only thing I would add to your comments is that the 5 NZ teams who participate in SR Aotearoa are the best super rugby teams in the world. I believe it is 'must see rugby' to many fans overseas - and especially in the UK (who are probably as rugby mad as NZ).

I could be wrong about that, in which case NZR and Sky won't do very well at all. Let's see.

[RTM]

We will soon see how popular the tournament is to the rest of the world.

The only thing I would add to your comments is that the 5 NZ teams who participate in SR Aotearoa are the best super rugby teams in the world. I believe it is 'must see rugby' to many fans overseas - and especially in the UK (who are probably as rugby mad as NZ).

I could be wrong about that, in which case NZR and Sky won't do very well at all. Let's see.


I agree that our SR teams are excellent. However I find I have little interest in watching our boys knock the stuffing out of each other over and over again. It gets boring. Of course that is just me !

[LaserEyeKiwi]

We will soon see how popular the tournament is to the rest of the world.

The only thing I would add to your comments is that the 5 NZ teams who participate in SR Aotearoa are the best super rugby teams in the world. I believe it is 'must see rugby' to many fans overseas - and especially in the UK (who are probably as rugby mad as NZ).

I could be wrong about that, in which case NZR and Sky won't do very well at all. Let's see.

Will be interesting to see what happens post-SR Aotearoa - with either the Trans-tasman comp starting, or if the there is no travel bubble then that gets cancelled/delayed and apparently the back-up plan is for another round robin of SR Aotearoa (presumably they would shift the planned final).

[mistaTea]

https://www.rugbypass.com/news/aaron-smith-re-signs-with-new-zealand-rugby/

At least Aaron is sticking around.

Maybe NZR could afford his pay raise after the cash started rolling in from RugbyPass... :t_up:

[mistaTea]

Will be interesting to see what happens post-SR Aotearoa

Well, RP is never going to be much of 'a thing' primarily selling rugby to places like Afghanistan and Cambodia.

So let's hope this proves a new commercial model to mainstream audiences for the rugby unions, and is the beginning of something special for RP.

[Ogg]

Discovery Inc up 10% over night. Added $2 billion in market cap.

[mistaTea]

https://www.sky.co.nz/-/sky-and-foxtel-sign-multi-year-deal

Sky and Foxtel sticking together.

[Akane]

https://www.sky.co.nz/-/sky-and-foxtel-sign-multi-year-deal

Sky and Foxtel sticking together.

SP didn't even move.

[mistaTea]

SP didn't even move.

Nah it won’t.

Remember, ‘everyone’ is going OTT...

...even though Sky seem to have no shortage of partners with great content willing to do deals.

[LaserEyeKiwi]

Deleted for TMI reasons :)

[mistaTea]

Deleted for TMI reasons :)

Saw your message earlier.

You will love the apps - especially on AppleTV.

Have you had a look at the Features section on Sky Sport NOW yet? Some great stuff on there to watch. Way easier to find sport content to watch.

[mistaTea]

(No paywall for this article)
https://www.nbr.co.nz/story/devoli-helps-contact-energy-grow-broadband-numbers

I wonder if we are using these guys.

[Ogg]

My Spark Sport Experience so far:

I paid $39.99 for Parker Vs Fa fight. Tried to login 15mins before the fight but apparently my modern tablet isn't a supported device. I contacted support and got a refund. Thankfully the fight ended up being crap so no harm done.

I signed up to a free 7 day trial so I could watch tonight's NZ VS AUS game also and Sundays game. Had to cast it through google chrome on the TV for it to work.

A few times it would drop down to standard definition. Not sure if it was my setup or wireless 4G (through Skinny/Spark). It also froze once but I was able to quickly reset.

It was annoying not being able to switch between channels in the break or between overs as I had to switch HDMI inputs. Had to use phone as the remote to adjust volume as well.

Overall it's just a clucky and bad experience but it does "work" and is very watchable. The only real benefit is being able to pay for just the sport you want and then canceling your subscription, thus saving a bit of money.

I think I just need a new TV. But geez, having to folk out big bucks for new TVs, phones, laptops and subscriptions really adds up over time.

The commentators were referring to "Sky Stadium" as "Wellington Stadium" even though there were Sky logos everywhere, Brendon Mccullum let it slip once though and said Sky Stadium.

Will be canceling after Sunday...


https://www.youtube.com/watch?v=IUB-wjXUREE

But yeah, will likely sign up again when the next big cricket game or sport event comes along. But Jesus Christ, I miss cricket on Sky.

[LaserEyeKiwi]

My Spark Sport Experience so far:

I paid $39.99 for Parker Vs Fa fight. Tried to login 15mins before the fight but apparently my modern tablet isn't a supported device. I contacted support and got a refund. Thankfully the fight ended up being crap so no harm done.

I signed up to a free 7 day trial so I could watch tonight's NZ VS AUS game also and Sundays game. Had to cast it through google chrome on the TV for it to work.

A few times it would drop down to standard definition. Not sure if it was my setup or wireless 4G (through Skinny/Spark). It also froze once but I was able to quickly reset.

It was annoying not being able to switch between channels in the break or between overs as I had to switch HDMI inputs. Had to use phone as the remote to adjust volume as well.

Overall it's just a clucky and bad experience but it does "work" and is very watchable. The only real benefit is being able to pay for just the sport you want and then canceling your subscription, thus saving a bit of money.

I think I just need a new TV. But geez, having to folk out big bucks for new TVs, phones, laptops and subscriptions really adds up over time.

The commentators were referring to "Sky Stadium" as "Wellington Stadium" even though there were Sky logos everywhere, Brendon Mccullum let it slip once though and said Sky Stadium.

Will be canceling after Sunday...


https://www.youtube.com/watch?v=IUB-wjXUREE

But yeah, will likely sign up again when the next big cricket game or sport event comes along. But Jesus Christ, I miss cricket on Sky.

Likewise I have signed up for just a month to watch the cricket.

However my experience has been great watching via the SparkSport app on an AppleTV box (connected to a 10 year old TV) and via the web browser on my Mac, using a standard fibre connection.

I would suggest you simply buy an appleTV (which all streaming services have apps on) instead of a new TV for two reasons:

1) Cost - an appletv box is much cheaper.

2) Privacy - nearly all smart TVs connected to the internet have terribly invasive Automated content recognition technology that send details of EVERYTHING you watch on the TV (including when you aren't watching streaming stuff - so even if you are watching another device plugged into the tv like a skybox or dvd player it still identifies what you are watching) - and sends it off to a server for them to sell your data (viewing habits at the very least) to the highest bidder. (Apple of course does not sell your viewing data to anyone)

For more information read this: https://www.howtogeek.com/714602/disconnect-your-smart-tv-from-the-internet-to-stop-tracking/

[Ogg]

I would suggest you simply buy an appleTV


https://www.youtube.com/watch?v=QEzhxP-pdos

[RTM]

We've been watching the Netball the last couple of nights.
Apple TV -> TV first night.
Picture quality poor. Jerky. Replayed bits in an unusual way a few times.
Odd.

Second night we tried the same...no good.
So I put it on my iPad and sent it to the Apple TV ->TV

Pretty decent picture, no stoppages, so my conclusion is the Apple TV SKY APP was playing up, or something not right with it.

I am far from convinced that streaming sports such as tennis / cricket provides as good a picture quality /viewing experience as satellite.
But its hard to quantify.

[mistaTea]

We've been watching the Netball the last couple of nights.
Apple TV -> TV first night.
Picture quality poor. Jerky. Replayed bits in an unusual way a few times.
Odd.

Second night we tried the same...no good.
So I put it on my iPad and sent it to the Apple TV ->TV

Pretty decent picture, no stoppages, so my conclusion is the Apple TV SKY APP was playing up, or something not right with it.

I am far from convinced that streaming sports such as tennis / cricket provides as good a picture quality /viewing experience as satellite.
But its hard to quantify.

I watched the rugby last weekend and it was perfect HD picture all the way through.

Same for the Aussie open.

I use Apple TV 4K for sky sport NOW.

Vodafone tv for pretty much everything else.

[LaserEyeKiwi]

We've been watching the Netball the last couple of nights.
Apple TV -> TV first night.
Picture quality poor. Jerky. Replayed bits in an unusual way a few times.
Odd.

Second night we tried the same...no good.
So I put it on my iPad and sent it to the Apple TV ->TV

Pretty decent picture, no stoppages, so my conclusion is the Apple TV SKY APP was playing up, or something not right with it.

I am far from convinced that streaming sports such as tennis / cricket provides as good a picture quality /viewing experience as satellite.
But its hard to quantify.

A whole bunch more variables in multiple locations involved all along the stream from the providers servers to your Tv/Device, whereas Satellite is fairly solid (except for the odd rain fade or poor sun positioning causing a cease in transmission). But in general the services that rely 100% on their product being a streaming one sort out their issues. Sky doesn't quite have that same immediacy, but it has improved a lot from where it started off with SkyGo a few years back.

(One tip I would recommend if you are having streaming troubles: If your wifi router supports dual networks create a seperate wifi at a different frequency just for your Apple TV to use - eliminates any interference from other devices on your network).

[RTM]

A whole bunch more variables in multiple locations involved all along the stream from the providers servers to your Tv/Device, whereas Satellite is fairly solid (except for the odd rain fade or poor sun positioning causing a cease in transmission). But in general the services that rely 100% on their product being a streaming one sort out their issues. Sky doesn't quite have that same immediacy, but it has improved a lot from where it started off with SkyGo a few years back.

(One tip I would recommend if you are having streaming troubles: If your wifi router supports dual networks create a seperate wifi at a different frequency just for your Apple TV to use - eliminates any interference from other devices on your network).

Thanks.....Apple TV hard wired.

[mistaTea]

Thanks.....Apple TV hard wired.

Hmmmn, very odd. Your Ethernet cable set up should do the trick.

What modem are you using. I invested in my own - NETGEAR nighthawk R7000.

I used to notice the picture go in and out of HD focus but since I bought my own router that hasn’t been an issue anymore. It is clear HD picture all the way through.

My old router was a Spark one.

[Ogg]

TAKEOVER ALERT....

https://i.imgur.com/gqZCeiP.gifhttps://i.imgur.com/gqZCeiP.gifhttps://i.imgur.com/gqZCeiP.gif

New Job listing 5 days ago at Discovery Asia Pacific headquaters.

https://sg.linkedin.com/jobs/view/director-corporate-development-apac-at-discovery-inc-2428233052


Discovery is looking for a Corporate Development lead for the Asia-Pacific (APAC) region reporting to EVP Corporate Development, EMEA & APAC and working closely with the new Head of Insights, Strategy & Business Development APAC. This is an exciting opportunity for someone who is a self-starter and is looking for an opportunity to be an important leader within Discovery’s APAC business.

Discovery’s Corporate Development group is primarily responsible for evaluating and executing strategic M&A transactions, partnerships and investments. The team also supports the development and execution of company-wide corporate strategy and assists business units/divisions in evaluating new business and/or cross-organization opportunities.

The Director, Corporate Development APAC will be responsible for working with Discovery’s senior leadership team across the APAC region to source, evaluate, and execute potential corporate transactions and business development opportunities in support of the company’s mid-to-long range strategy.

https://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcTNMPcP0hP4S8objqWeu2imGBn7RUx OeMVd1w&usqp=CAUhttps://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcTNMPcP0hP4S8objqWeu2imGBn7RUx OeMVd1w&usqp=CAUhttps://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcTNMPcP0hP4S8objqWeu2imGBn7RUx OeMVd1w&usqp=CAU

[RGR367]

Good one Ogg :cool:

[Ogg]

Discovery Inc up another 4% overnight.

TV3 parent company now worth NZD $36,600,000,000


https://www.youtube.com/watch?v=IUB-wjXUREE

[airedale]

Hmmmn, very odd. Your Ethernet cable set up should do the trick.

What modem are you using. I invested in my own - NETGEAR nighthawk R7000.

I used to notice the picture go in and out of HD focus but since I bought my own router that hasn’t been an issue anymore. It is clear HD picture all the way through.

My old router was a Spark one.


This whole line of technical discussion would send most customers {particularly women and plenty of men} fleeing to something like the radio or anything that they can just switch on and enjoy. I hope that SKT have someone {other than Ogg} who monitors this thread and advises the management to keep it simple.

[Monarch]

This whole line of technical discussion would send most customers {particularly women and plenty of men} fleeing to something like the radio or anything that they can just switch on and enjoy. I hope that SKT have someone {other than Ogg} who monitors this thread and advises the management to keep it simple.

It's exactly these kind of people that we hold captive on satellite ;)

[Alpha]

Just spoke to my father he is paying well over 100 for his sky. I briefly mentioned I could help out with reducing the costs (not in our interests as shareholders) but in his.

Dads response was don’t touch it as it all works and I don’t care what I am paying. For some with money and there is a few out there with plenty of disposable income. He doesn’t give a rats ass how much it is costing. All he wants is it to work. He has not changed to Spark for any of there offering due to not being tech savvy.

It is odd as this is the same man that growing up was telling me to turn of the lights to save electricity.

I guess now he is old has money and doesn’t care as long as his RV works and is easy.

[ratkin]

I am tech savvie, but still have sky. Also watch netflix, and tvMucho, so do not really need sky, but like Alphas father find it easy and can’t be bothered to get rid of it.

[Joshuatree]

im still with SKY too for a bunch of things including the CNBC 24 hour Business channel.

[daveypnz]

"Despite the rapid decline in customer numbers since the proliferation of its streaming video rivals, Sky has a core group of loyal customers as 70% of its 567,000 Sky Box customers have been with the company for more than five years. Go back four years, and just 55% had been with the firm for five years or more." - https://businessdesk.co.nz/article/technology/were-no-telco-sky-tv-aims-to-keep-customers-with-broadband-offer

[LaserEyeKiwi]

im still with SKY too for a bunch of things including the CNBC 24 hour Business channel.

BloombergTV is free (via streaming app or website) and a lot better than CNBC in my opinion.

[mistaTea]

Just spoke to my father he is paying well over 100 for his sky. I briefly mentioned I could help out with reducing the costs (not in our interests as shareholders) but in his.

Dads response was don’t touch it as it all works and I don’t care what I am paying. For some with money and there is a few out there with plenty of disposable income. He doesn’t give a rats ass how much it is costing. All he wants is it to work. He has not changed to Spark for any of there offering due to not being tech savvy.

It is odd as this is the same man that growing up was telling me to turn of the lights to save electricity.

I guess now he is old has money and doesn’t care as long as his RV works and is easy.

I mentioned to my parents (who subscribe to Sky as STB customers) that they will have an opportunity to save some money soon when Sky launches broadband. Save money and get faster internet to boot!

My mom flat out told me she wouldn’t switch from Spark because she has her landline with them.

Wtf, she uses her cellphone 99% of the time for calling when she isn’t on Facebook (which is defo an old persons platform now).

[LaserEyeKiwi]

"Despite the rapid decline in customer numbers since the proliferation of its streaming video rivals, Sky has a core group of loyal customers as 70% of its 567,000 Sky Box customers have been with the company for more than five years. Go back four years, and just 55% had been with the firm for five years or more." - https://businessdesk.co.nz/article/technology/were-no-telco-sky-tv-aims-to-keep-customers-with-broadband-offer

In 2016 sky had 860,000 box customers. 55% of that = 473,000 customers that were 5+ years.
In 2021 sky has 567,000 box customers. 70% of that = 396,900 customers that were 5+ years.

So that's a massive drop in long term 5+ years customers.

[mistaTea]

In 2016 sky had 860,000 box customers. 55% of that = 473,000 customers that were 5+ years.
In 2021 sky has 567,000 box customers. 70% of that = 396,900 customers that were 5+ years.

So that's a massive drop in long term 5+ years customers.

Yes in absolute terms that is correct.

But what the stats provided don’t show is how many of those ‘lost’ STB subscribers are still in fact loyal sky customers using different services.

I used to have MySky until 2017 when we moved house into a fibre-only suburb. I decided I didn’t want a satellite dish on my new house and have streamed Sky’s content since.

I currently count as three streaming subs.

[daveypnz]

In 2016 sky had 860,000 box customers. 55% of that = 473,000 customers that were 5+ years.
In 2021 sky has 567,000 box customers. 70% of that = 396,900 customers that were 5+ years.

So that's a massive drop in long term 5+ years customers.

Yes and SP obviously reflects the massive loss in box subs the past 5 years, but it backs up the talk that box subs are 'stabilising'.

[bottomfeeder]

TAKEOVER ALERT....

https://i.imgur.com/gqZCeiP.gifhttps://i.imgur.com/gqZCeiP.gifhttps://i.imgur.com/gqZCeiP.gif

New Job listing 5 days ago at Discovery Asia Pacific headquaters.

https://sg.linkedin.com/jobs/view/director-corporate-development-apac-at-discovery-inc-2428233052



https://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcTNMPcP0hP4S8objqWeu2imGBn7RUx OeMVd1w&usqp=CAUhttps://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcTNMPcP0hP4S8objqWeu2imGBn7RUx OeMVd1w&usqp=CAUhttps://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcTNMPcP0hP4S8objqWeu2imGBn7RUx OeMVd1w&usqp=CAU


You have been on about an impending takeover of Sky for months and months. The joke is wearing a bit thin now. Why would anyone takeover a dinosaur. Easy entry in the future ie streaming TV. Why buy old technology.

[Benny1]

I have sky for CNBC and from next week I will add sport for the league and then ditch sport again after Bathurst if it is on this year.
I like the simplicity of the sky box, have tried alternatives in the past but found there is always some sort draw back with them.
I think around $100 p/m is expensive and may look at what options there are when sky launches broadband but the hassle of changing email addresses and passwords that use that email address will probably be too much of a pain in the arse.

[ados_nz]

I'd have to agree. At first the cage clips were entertaining to say the least. Now I feel like there's a saying.. something about grasping at straws.

Happily proven wrong.

Disc. Holding and accumulating

[Airw0lf]

SP didn't even move.

To be fair the extent of the Sky / Foxtel tie up is just exclusive rights to Crime + Investigation and The HISTORY Channel. That's hardly earth shattering.

[Ogg]

Why would anyone takeover a dinosaur. Easy entry in the future ie streaming TV. Why buy old technology.

"Buying technology"

https://i.imgur.com/9FmjgDJ.gif

Sky doesn't have any technology

https://i.imgur.com/iMBfbPZ.gif

Discovery bought TV3, an unprofitable company that's been bankrupt multiple times, because it understood the value of the assets it had.

Sky has a dominate market position in NZ and 927,000 paying customers.

Sky is worth $500m.

[mistaTea]

Interesting to note from the presentation that our direct Sky Box customers are now higher than they were at December 2018. They dipped to the lowest level at the June 2020 results and have grown substantially since.

This is in line with my anecdotes about seeing more and more satellite dishes in my fibre-only suburb area.

Streaming subs continue to grow, and from what they are saying the bulk of the new NEON subs are direct (not the discounted Spark offer).

ARPU for streaming dropped to $18/month due to Covid. In July I got an Annual Pass for Sky Sport NOW for $299 ($24.91/month). That was only possible due to the clawbacks Sky was able to negotiate, and the cheapest Annual Pass is now $399 ($33.25). As people roll off the super special and back onto normal pricing we will see an uplift again in ARPU.

And NEON is very cheap given the range of quality content and excellent user experience. It was a good idea to price it where it is to attract subs, but I expect to see some price lifts in the not too distant future. Nothing too drastic at first, but NEON could go from $13.95/month to $16.95/month or even $17.95/month over time and still be competitive relative to NETFLIX etc.

Not a huge stretch of the imagination to see streaming ARPU lift nearer to $30/month. That would generate ~$127M of revenue - and more if they can continue to increase subs at the same time.

Going to be very interesting to see how this plays our and what Management can do.

[Akane]

I deal with tech all day as my job, and the last thing I want is when I get home and things don't work and have to deal with more tech, wasting my time. Will happily pay a bit more for things that "just works", as you get older, you want to spend time on things that really matters, friends, family, or other ventures or hobbies, as the feeling of time is running against you grows.

And that is part of the reason why people are clinging on to "old tech", not because they don't know better, it's actually because they know better - they have the funds, just let it be, it's just money and it solves a (potential) problem.

[Benny1]

I deal with tech all day as my job, and the last thing I want is when I get home and things don't work and have to deal with more tech, wasting my time. Will happily pay a bit more for things that "just works", as you get older, you want to spend time on things that really matters, friends, family, or other ventures or hobbies, as the feeling of time is running against you grows.

And that is part of the reason why people are clinging on to "old tech", not because they don't know better, it's actually because they know better - they have the funds, just let it be, it's just money and it solves a (potential) problem.
Couldn't agree more...we know it just works!
I can't be arsed with some tech alternative that buffers halfway through a league game or whatever.

[mistaTea]

Couldn't agree more...we know it just works!
I can't be arsed with some tech alternative that buffers halfway through a league game or whatever.

The fact that sky box customer subs have GROWN despite dire predictions that the satellite base will continue to rapidly shrink to zero seems to support this sentiment.

[airedale]

It's exactly these kind of people that we hold captive on satellite ;)


Value those loyal customers and look after those on satellite with their MySky boxes. They are worth their weight in gold.

[LaserEyeKiwi]

I think sky should consider having seperate management teams for its streaming business & its skybox business, and perhaps other areas as well.

That might sound unusual on the face of it, considering both products are delivering much of the same content, but countless times throughout many different industries have shown that the best way for a business suffering in a great industry change due to disruption is for the incumbent business (Sky Satellite TV business in this case) to create a seperate effort removed from the management influence of the old business model.

What this might look like in practice would be ring fencing the satellite box business with management of it focusing on extracting as much value as possible (cashflows) while it continues to shrink to its terminal state (there will probably be a couple hundred thousand subscribers that will keep it until they die).

On the other side, the management of the rest of Skys assets: Streaming (both local & international), content production, and soon broadband, would be laser focused on growth and optimisation of efforts for new platforms & markets, without any fear of cannibalising the satellite business.

That isn't to say that Sky couldn't bundle new streaming services and products like broadband with satellite subscriptions etc - in fact they would be stupid not too - but it would mean new products are not hamstrung by fears of them being "too good" that they would attract satellite subscribers and lower the ARPU.

In the end Sky should want to be the one cannibalising its own customers to lower cost products - rather than have people go to competitors instead.

To be fair to sky, their streaming products are quite good already: NEON at $15 a month has essentially the same content that skybox subscribers have to get movies & soho for at much higher cost and you can watch NEON easily on any device, and SkySportNow is similarly a bargain vs skybox which requires you to have a starter package and decoder as well. But to endure those products continue to excel, and new streaming products are developed (there are more opportunities other than what NEON & Sport currently cover), then management can't have any handbrakes applied to protect the skybox userbase (which is where management says is its immediate focus)

[Tripp]

Like i have always said, most people are lazy, they just want to sit down and press a button and have the device work. This is why decoders are still up there, even I (a person that works in IT) get pee'd off when chrome cast isn't working, or my android TV drops wifi and needs me to pull the power cable out etc.
It's the same for people that want to watch TV shows / movies, if you give them a way to watch it at a fair price then they won't go and torrent tv shows / movies etc.

[LaserEyeKiwi]

The fact that sky box customer subs have GROWN despite dire predictions that the satellite base will continue to rapidly shrink to zero seems to support this sentiment.

Didn't that "growth" come from Vodafone subscribers though who were already getting the same package (but weren't previously counted as skybox customers)?

[Longhaul]

agree I have Netflix as well but I’ve watched everything I like it. Then when I go to have a look for something new spend about 20mins can’t find anything good.


Neon has a lot better content and is a hell of a lot easier to use. Only thing that I find a bit annoying is on the tablet no fast forward option bar scrolling which is annoying. Also skipping the intro. I’ve recently re watch the whole series of The office every dam episode I had to guess swipe to where the start was or alternatively watch the intro every episode and I can tell you that can get a bit annoying when the episodes only last 20mins or so. So you end up watch 3/4 a night. Half the reason I like the streaming is no ads and ability to skip I intros.

if they add the skip 20 seconds forward and skip I intros. Neons platform and content ****s on the others

I noticed last night that the Neon app has been updated and now you can skip forwards and backwards by 10s. Still can't skip intros, but the Sopranos intro is about 80seconds so easily done! :cool:

[LaserEyeKiwi]

"Buying technology"

https://i.imgur.com/9FmjgDJ.gif

Sky doesn't have any technology

https://i.imgur.com/iMBfbPZ.gif

Discovery bought TV3, an unprofitable company that's been bankrupt multiple times, because it understood the value of the assets it had.

Sky has a dominate market position in NZ and 927,000 paying customers.

Sky is worth $500m.

If Sky could flick off Prime + all the schlock channels Sky owns in the "Starter bundle" to them for $100 million it would be beyond fantastic, even if it was with some sort of leaseback type of arrangement to get the deal done (e.g. Sky pays Discovery a fixed or per subscriber fee each year for 10 years for those channels to be included in starter bundle).

[mistaTea]

Didn't that "growth" come from Vodafone subscribers though who were already getting the same package (but weren't previously counted as skybox customers)?

No not at all. Vodafone reseller customers (satellite customers but using a Vodafone Sky Box) have been retired and switched over to Vodafone's 'Vodafone TV' streaming platform.

The streaming customers for VTV are "retransmission" customers and count in the Sky streaming numbers. So the satellite 'reseller' customers have been transferred over to "retransmission" streaming subs.

Those Sky Box customer numbers shown in the presso are only direct satellite subs. And they have grown.

[mistaTea]

In the end Sky should want to be the one cannibalising its own customers to lower cost products - rather than have people go to competitors instead.




I think Martin Stewart set the scene here. Previous management were definitely afraid of cannibilising the satellite base.

But Martin changed that mindset - I remember an interview from a while back when he stated that management don't even talk about concerns in this area.

It is all about giving customers the content they want on the devices they want.

As you point out, the competitively priced streaming options now available from Sky do not indicate that management are worried about cannibalisation.

As they do have hundreds of thousands of loyal MySky subs who still enjoy the linear model, it makes sense to reward them first with a competitive broadband offer.

My expectation is that broadband will begin to be bundled with their streaming services in the near future too. This should make NEON and Sky Sport NOW even more compelling.

If they can negotiate content rights so that Sky GO can be offered as a standalone, then there are obvious opportunities for SkyGO/broadband bundles too.

A lot to look forward to.

[Zaphod]

As they do have hundreds of thousands of loyal MySky subs who still enjoy the linear model, it makes sense to reward them first with a competitive broadband offer.

Worth noting that the On Demand service is bundled up into MySky too though, but mostly linear? Yes.

[mistaTea]

Worth noting that the On Demand service is bundled up into MySky too though, but mostly linear? Yes.

Yeah that’s a fair point in terms of consumer behaviour.

Plus they all have Sky GO where they can steam OnDemand (and Chromecast now).

But the MySky offering is linear-centric.

You could argue that with the ability to record people have been watching ‘OnDemand’ from the mid 2000’s.

[LaserEyeKiwi]

Yeah that’s a fair point in terms of consumer behaviour.

Plus they all have Sky GO where they can steam OnDemand (and Chromecast now).

But the MySky offering is linear-centric.

You could argue that with the ability to record people have been watching ‘OnDemand’ from the mid 2000’s.

Thanks for your posts today - interesting what you said about previous management comments.

Part of my reasoning for dumping the mysky box this week and going all-in with NEON & SSN, was that downloading content on demand on the mysky box was the most painful experience imaginable. half the time the download service wouldn't show up as available, and when it did the downloading progress was annoying as hell and sometimes some episodes were missing (sometimes listed under a slightly different seperate programme name) and sometimes even the wrong content file was downloaded. not to mention that if I downloaded a whole series, I got to enjoy a onscreen popup interrupting my viewing to tell me when each individual episode was available.

[Joshuatree]

BloombergTV is free (via streaming app or website) and a lot better than CNBC in my opinion.
Thanks i prefer CNBC and staying put, one of the"core, loyal members":D

[mistaTea]

Thanks for your posts today - interesting what you said about previous management comments.

Part of my reasoning for dumping the mysky box this week and going all-in with NEON & SSN, was that downloading content on demand on the mysky box was the most painful experience imaginable. half the time the download service wouldn't show up as available, and when it did the downloading progress was annoying as hell and sometimes some episodes were missing (sometimes listed under a slightly different seperate programme name) and sometimes even the wrong content file was downloaded. not to mention that if I downloaded a whole series, I got to enjoy a onscreen popup interrupting my viewing to tell me when each individual episode was available.

Yeah totally get that. The other day I was at my sister in laws place and tried to use MySky. It had been a few years since I had used it and initially I was stumped! Took a while to navigate the UI.

I primarily use Vodafone TV to get the best of both worlds. VTV is certainly not perfect and I would like to see some more UX improvements...but it is much better than MySky imo.

I subscribe to Starter + Entertainment for $51.49/month (no MySky fee as I own the VTV box).
I also have NEON (which I can use on the VTV box along with a range of other apps) for $9.99/month under the Spark deal.

Then I have SSN for $24/month on a super special. Unfortunately VTV does not have the SSN app yet. I happen to have an appletv which I use - but would otherwise Chromecast.

So right now my total sub fee to Sky is ~$85/month. When my SSN next renews at the ‘normal’ rate my total sub will go up to ~$95/month. That works out to about $3.12 per day...less than a cup of coffee and money I am more than happy to spend on a huge range of quality content that I can watch when I want and how I want to.

Important to point out though that a Sky Box customer with “The Works” including MySky would pay ~$120/month. That is only 82c per day more than I am paying and they have all of their content on one platform plus the added benefit of SkyGO which is actually a really good app now.

I can see why satellite is still a compelling offer to many, with the added benefit of live sport being truly ‘live’ (our coverage is delayed by up to a minute on SSN which can be annoying if your mates have satellite and give away spoilers).

[Benny1]

Yeah totally get that. The other day I was at my sister in laws place and tried to use MySky. It had been a few years since I had used it and initially I was stumped! Took a while to navigate the UI.

I primarily use Vodafone TV to get the best of both worlds. VTV is certainly not perfect and I would like to see some more UX improvements...but it is much better than MySky imo.

I subscribe to Starter + Entertainment for $51.49/month (no MySky fee as I own the VTV box).
I also have NEON (which I can use on the VTV box along with a range of other apps) for $9.99/month under the Spark deal.

Then I have SSN for $24/month on a super special. Unfortunately VTV does not have the SSN app yet. I happen to have an appletv which I use - but would otherwise Chromecast.

So right now my total sub fee to Sky is ~$85/month. When my SSN next renews at the ‘normal’ rate my total sub will go up to ~$95/month. That works out to about $3.12 per day...less than a cup of coffee and money I am more than happy to spend on a huge range of quality content that I can watch when I want and how I want to.

Important to point out though that a Sky Box customer with “The Works” including MySky would pay ~$120/month. That is only 82c per day more than I am paying and they have all of their content on one platform plus the added benefit of SkyGO which is actually a really good app now.

I can see why satellite is still a compelling offer to many, with the added benefit of live sport being truly ‘live’ (our coverage is delayed by up to a minute on SSN which can be annoying if your mates have satellite and give away spoilers).

I assume you have an unlimited broadband plan as well for streaming?
If you factor that in compared to a mysky+ box with starter,entertainment and sports + a basic fibre plan and the gap closes even more

[mistaTea]

I assume you have an unlimited broadband plan as well for streaming?
If you factor that in compared to a mysky+ box with starter,entertainment and sports + a basic fibre plan and the gap closes even more

Yes true. But I think a lot of people (myself included) would still get an unlimited plan even if I got MySky.

With other OTT providers plus working from home flexibility I would take unlimited fibre anyway.

Meant to say earlier, VTV does have a cool option in the settings now where you can tell the box to only show channels that you are subscribed to.

So when I do navigate the TV guide I don’t see the Sky Movies, Sport, specialist channels etc. Makes it much easier to see the channels I do pay for when trying to find things to record and series link.

[Dlownz]

Wonder who brought that huge parcel of shares 35 million shares for $5.86mill at. 168 on close. Ps no takeover talk Ogg

[Baa_Baa]

Wonder who brought that huge parcel of shares 35 million shares for $5.86mill at. 168 on close. Ps no takeover talk Ogg

It was after close and didn't affect the closing SP for the day $0.171.

[mistaTea]

Wonder who brought that huge parcel of shares 35 million shares for $5.86mill at. 168 on close. Ps no takeover talk Ogg

Christ! That is ~2% of the shares outstanding.

Ogg is going to have a stiffy all weekend...

[LaserEyeKiwi]

Wonder who brought that huge parcel of shares 35 million shares for $5.86mill at. 168 on close. Ps no takeover talk Ogg

I haven't been following SKT that long, are these sort of transactions common? 2% of the company changing hands in one trade? According to the top 20 shareholders list in the last annual report there were only 7 institutions holding more than 2% of shares.

[mistaTea]

I haven't been following SKT that long, are these sort of transactions common? 2% of the company changing hands in one trade? According to the top 20 shareholders list in the last annual report there were only 7 institutions holding more than 2% of shares.

Not common at all. A heavy volume day would be around 6M-8M shares.

As of late typical trading days are around 2M I think.

Someone keen to buy up large.

Someone else keen to sell out large too.

[Ogg]

Wonder who brought that huge parcel of shares 35 million shares for $5.86mill at. 168 on close. Ps no takeover talk Ogg

Put through trade, so two clients from same brokerage firm.

Hope it's not Peter from Black-Crane getting 'paper hands' and selling back to UBS. I think he's been overweight in this ever since the death placement last year. His fund has held for exactly one year now and 16.77 is close to his average. Maybe he's taking some risk off the table.

Who would buy that many though? There's been hardly any institutional buying/accumulation on this stock for some time now. Who would be sick enough to chuck in $6m like that.

Maybe it's some stealth buying from a takeover firm as it was late on Friday when everyone's gone home. Good time to do it after an earthquake and lockdown.

As I've always said, once these $100m bonds are paid off at the end of the month and the company is debt free, SOMETHING HAS TO HAPPEN. Either Sky is being taken over or it's taking something else over - either way something will happen! Hoping for the former because I'm getting sick of posting here!

[Baa_Baa]

Not common at all. A heavy volume day would be around 6M-8M shares.

As of late typical trading days are around 2M I think.

Someone keen to buy up large.

Someone else keen to sell out large too.

Just be quietly encouraged that some party is happy to have made some nice profit and some other party is anticipating making a nice profit. Big party’s as well. What’s not to like eh?

[LaserEyeKiwi]

doesn't look like the market is buying any sort of takeover rumour.

[allfromacell]

doesn't look like the market is buying any sort of takeover rumour.

The weakness is just Martin offloading his new shares, probably needs a nice big deck at his holiday home in the south of France.

[mistaTea]

doesn't look like the market is buying any sort of takeover rumour.

With a little luck the Market is not reacting to takeover rumours because... there is no takeover in the works.

What would really get me excited is if The Board announced a buyback program at these prices. Unlikely right now due to Covid and NZ is only at the beginning of rolling out a vaccine...

But if the SP stays low in the second half of this year, and they allocate $50M of FCF to buying back stock...

At 17c, that would be about $294M shares (~17% of the stock).

Even if the SP lifted to 20c on a buyback announcement, that is still 250M shares (14% of the stock).

I like those kinds of numbers, I like them very much.

[Ogg]

Discovery NZ paying big bucks for the Harry and Megan Interview:

https://cdn.fullscreen.nz/aem/corporate/MEDIA_ALERT_DISCOVERY_NZ_ACQUIRES_CBS_PRESENTS_OPR AH_WITH_MEGHAN_AND_HARRY_.pdf


Harry: "We considered moving to NZ"

Discovery better pump up it's investments in NZ. It's the place to be.


https://www.youtube.com/watch?v=IUB-wjXUREE

[sb9]

https://www.nzx.com/announcements/368770

Looks like Chairman has been filling up his boots on market, always good sign when insiders buy.

[Dlownz]

https://www.nzx.com/announcements/368770
Phillip bowman buying another 250000 shares. Great to see some inside buying

[silu]

https://www.nzx.com/announcements/368770

Looks like Chairman has been filling up his boots on market, always good sign when insiders buy.

I've been buying SKT sub 17c and have gotten back into Sky Sports Now again with Super Rugby Aotearoa playing again and the Blues dominating.

[Ogg]

https://www.nzx.com/announcements/368770

Looks like Chairman has been filling up his boots on market, always good sign when insiders buy.

What's this old fart doing. You're in the way of the takeover!

https://i.imgur.com/4Ik0m3p.jpg

[sb9]

I've been buying SKT sub 17c and have gotten back into Sky Sports Now again with Super Rugby Aotearoa playing again and the Blues dominating.

Ah...the Blues, could this be their year, they came tantalisingly close to winning last year...

[silu]

Ah...the Blues, could this be their year, they came tantalisingly close to winning last year...

I'm just happy with us playing well and actually dominating in the forwards. The Hurricanes at the moment remind of the the worst of the Blues. Powderpuff Tight 5 and no 9 & 10 combination. Trying to do everything at speed without setting the platform for it.

[Sideshow Bob]

and the Blues dominating.

One game into the season.......

I hear that its the Warriors year also!!

[mistaTea]

I've been buying SKT sub 17c and have gotten back into Sky Sports Now again with Super Rugby Aotearoa playing again and the Blues dominating.

I’m enjoying ST Aotearoa on SPN too. Let’s see what The Blues can do.

Also wondering how popular the tournament has been overseas with RugbyPass.

On another note, the new channel - Investigate Discovery - is really good. I’ve set loads of things on series link and so far enjoy the content.

[silu]

One game into the season.......

I hear that its the Warriors year also!!

Finalists last year so hardly a flash in the pan! The only downside is that it needed a Cantabrian to sort us out ;)

[silu]

I’m enjoying ST Aotearoa on SPN too. Let’s see what The Blues can do.

Also wondering how popular the tournament has been overseas with RugbyPass.

On another note, the new channel - Investigate Discovery - is really good. I’ve set loads of things on series link and so far enjoy the content.

I still wish they had the "live pause" and "rewind" option on SPN as they do on the Spark Sports app. Can it be that hard to implement?

[mistaTea]

I still wish they had the "live pause" and "rewind" option on SPN as they do on the Spark Sports app. Can it be that hard to implement?

I thought you could rewind up to 24hrs on the Live TV section of the app.

[silu]

I thought you could rewind up to 24hrs on the Live TV section of the app.

Ah probably you can. Only downside is that you open the app and start watching the game. Of course you notice the score at that time so why bother rewinding. Spark Sports gives you the option to watch "from start" instead live.

[mistaTea]

What's this old fart doing. You're in the way of the takeover!

https://i.imgur.com/4Ik0m3p.jpg


https://images.app.goo.gl/wxFx7gJRtZEy2bfC9

[mistaTea]

Ah probably you can. Only downside is that you open the app and start watching the game. Of course you notice the score at that time so why bother rewinding. Spark Sports gives you the option to watch "from start" instead live.

That would be a good feature.

You should send feedback to the developers.

[Alpha]

re Neon it would be great if more shows had trailers or a small teaser. Also very limited synopsis and names of actors.

I’m and a big supporter of Neon but it is the small things that can turn a user off.

[LaserEyeKiwi]

Looks like Sharetrader is back up.

SKT green island in a sea of red amongst my holdings today...

[Quantitative Easing]

Those large volumes last week might be the same group trying to have a crack at Vocus.

[LaserEyeKiwi]

(duplicate)

[mistaTea]

Looks like Ogg got banned...again.

Anyone know what he said?

I know he started a different thread for Sky... was he ramping it up too much?

I haven't been on ST much today - too frustrating over the last week or so with the site being down more than up!

[Quantitative Easing]

Looks like Ogg got banned...again.

Anyone know what he said?

I know he started a different thread for Sky... was he ramping it up too much?

I haven't been on ST much today - too frustrating over the last week or so with the site being down more than up!

He said some choice words about you lol

[Quantitative Easing]

He said some choice words about you MrT

[mistaTea]

He said some choice words about you MrT

Oh really! Well I never!

[Dlownz]

Great to see some big volumes going through with a little upside. It will be interesting to see if there is any disclosures soon

[Alpha]

I didn't see any "choice" words other than a stinky bum. I think Ogg was just frustrated not being able to get on the site. He did create a few additional threads but surely you cant blame him for being annoyed with the site.

While Ogg's constant use of Gif's and constant takeover talk. I do appreciate what he/she has to add to the forum. Skt thread is frequently on the top and for good reason this has to be one of the most hated but undervalued company's on the NZX>

[Habits]

I haven't been on ST much today - too frustrating over the last week or so with the site being down more than up!


WWW.
Stands for wait, watch, wonder

[mistaTea]

I didn't see any "choice" words other than a stinky bum. I think Ogg was just frustrated not being able to get on the site. He did create a few additional threads but surely you cant blame him for being annoyed with the site.

While Ogg's constant use of Gif's and constant takeover talk. I do appreciate what he/she has to add to the forum. Skt thread is frequently on the top and for good reason this has to be one of the most hated but undervalued company's on the NZX>

Oh well my stinky bum is a fact, just ask missusTea! So I hope he never got the boot for that.

Interesting news about MIRA formalising their bid for Vocus.

Could create all sorts of opportunities. In the meantime, we have the service agreement with Vocus for Broadband...which is surely going to be launched by next week.

Vocus and Sky a match made in Heaven? Let’s see what happens.

It’s a lot easier to switch providers now (just like it is in the energy sector and you see quite high churn rates). So here’s hoping Sky Broadband kicks of with a hiss and a roar!

[Alpha]

I’ve emailed/ and Facebook messaged sky re broadband a number of times number now as I require a static IP. I’m and yet to find out if they will have. My previous provide Orcon had this and they are with Vocus. I am waiting waiting waiting www and need an answer. Please sky don’t leave me a customer and shareholder hanging much long by love for you can only go on for so long

[Quantitative Easing]

I didn't see any "choice" words other than a stinky bum. I think Ogg was just frustrated not being able to get on the site. He did create a few additional threads but surely you cant blame him for being annoyed with the site.

While Ogg's constant use of Gif's and constant takeover talk. I do appreciate what he/she has to add to the forum. Skt thread is frequently on the top and for good reason this has to be one of the most hated but undervalued company's on the NZX>

First they came for the OGG, and I did not speak out—because I was not OGG.
Then they came for Alpha, and I did not speak out— because I was not an Alpha.
Then they came for mistaTea, and I did not speak out—because I was not mistaTea.
Then they came for me—and there was no one left to speak for me...1*

1*- Except for central bankers that love QE.

[Alpha]

Mistatea have you asked around? ref HC. Curious to know what you find out. Please update us.

[Dlownz]

I can't see any posts from today. Wonder if I'll see mine. Edit. Posting just then worked now all today's posts popped up.

[mistaTea]

Mistatea have you asked around? ref HC. Curious to know what you find out. Please update us.

Asked around? What are you referring to?

[mistaTea]

https://www.nbr.co.nz/story/vocus-ipo-canned-macquarie-moves-asx-listed-parent

No paywall.

"The proposal from Aware Super and MIRA recognises that all three business units have been performing well, with Vocus network Services winning market share, Vocus New Zealand well positioned for market consolidation opportunities and Retail returning to growth in its Consumer business.”

Where is Ogg when we need him most to guide us?

[Ogg]

Where is Ogg when we need him most to guide us?

My work here is done. It's obvious what's happening. Enjoy the ride.

[imarktu]

I'd like to start a petition to rename Ogg to "Ogg****ingValue". The acronym OFV can be displayed to those that have trouble with "naughty" words.

[Getty]

Ogg, you managed to get out of Colditz quick.

Did you bribe Vince with a years free sub to Sky & broadband?

[Ogg]

I'd like to start a petition to rename Ogg to "Ogg****ingValue". The acronym OFV can be displayed to those that have trouble with "naughty" words.

The parallels to GME are uncanny.

Essentially, the market was pricing Sky as going bankrupt, which has proven to be false. Hence the "deep value" that's been presented here.

Like GME, Sky also has a dominate market position and good customer loyalty.

The second GME rise (from $40 on the 23rd Feb to $240 today), has been based on GME using it's underlying fundamentals and reinventing itself as a tech company (or so that's what the market has been told). I think Sky can do the same, ie use it's customers and market reach to reinvent itself as a large NZ media and telecommunications company.

However, rather than wait this out I would prefer it be taken over at "full value" and consolidate with a larger player. This is just the trend globally.


Ogg, you managed to get out of Colditz quick.

Did you bribe Vince with a years free sub to Sky & broadband?

Similar to Sky, ShareTrader has a dominate market position and good customer loyalty. However, the ShareTrader software is older than my Skybox! It needs updating and a new strategy put forward.

The HotCopper parent company has a market cap of $100m. There's potential here for this site to do the same. Who ever this Vince guy is, he needs to get things moving along ASAP.

[Dlownz]

The volume of shares being traded in the last week has been pretty incredible comparing to the time from just after capital raising till now. There is now a bigger buy side to sell side. Still waiting to see if there is any disclosure releases on the nzx......

[Getty]

The parallels to GME are uncanny.

Essentially, the market was pricing Sky as going bankrupt, which has proven to be false. Hence the "deep value" that's been presented here.

Like GME, Sky also has a dominate market position and good customer loyalty.

The second GME rise (from $40 on the 23rd Feb to $240 today), has been based on GME using it's underlying fundamentals and reinventing itself as a tech company (or so that's what the market has been told). I think Sky can do the same, ie use it's customers and market reach to reinvent itself as a large NZ media and telecommunications company.

However, rather than wait this out I would prefer it be taken over at "full value" and consolidate with a larger player. This is just the trend globally.



Similar to Sky, ShareTrader has a dominate market position and good customer loyalty. However, the ShareTrader software is older than my Skybox! It needs updating and a new strategy put forward.

The HotCopper parent company has a market cap of $100m. There's potential here for this site to do the same. Who ever this Vince guy is, he needs to get things moving along ASAP.

I feel a takeover coming.
Ogg to buy out Sharetrader, merge it with Sky, and make the SKT thread a channel on Sky, maybe pay per view.

[Ogg]

I feel a takeover coming.
Ogg to buy out Sharetrader, merge it with Sky, and make the SKT thread a channel on Sky, maybe pay per view.

I'm thinking about putting a consortium together to buy this website.

Would then merge it with "Sharesies" as they need a better forum.

[Ogg]

A merger with direct broking could be another option.

Or perhaps ASB want to sell their platform. They haven't updated it since I started investing in 2009. I've never experienced another platform!

Lots of options for this site I reckon. Maybe it can go into broadband


https://www.youtube.com/watch?v=IUB-wjXUREE

[Getty]

Make them a combo.

Call it COGGs

That would Gett some reCOGGnition.

[Getty]

Getting back to your prompt escape from Colditz, I reckon you have hacked the site, and taken control of it, without paying a cent for takeover!

Will misterTea be allowed a look in?

Or has he been lunched?

[Ogg]

Getting back to your prompt escape from Colditz, I reckon you have hacked the site, and taken control of it, without paying a cent for takeover!

Will misterTea be allowed a look in?

Or has he been lunched?

They let me out on bail. They have bigger issues right now than my petty crime.


https://www.youtube.com/watch?v=4mt5qE-CQAQ

[Alpha]

First they came for the OGG, and I did not speak out—because I was not OGG.
Then they came for Alpha, and I did not speak out— because I was not an Alpha.
Then they came for mistaTea, and I did not speak out—because I was not mistaTea.
Then they came for me—and there was no one left to speak for me...1*

1*- Except for central bankers that love QE.



This message only just appeared for me which made it even more funny.

[sb9]

Reckon there could be big auction from buy side at close looking the way things are progressing imo.

[winner69]

Is the Am Cup on SKY

[Alpha]

Nope it is on TVNZ

[Ogg]

Reckon there could be big auction from buy side at close looking the way things are progressing imo.



https://www.youtube.com/watch?v=SbuVif1YzJw

[Dlownz]

Is the Am Cup on SKY
FYI. The you tube commentary is on a different level to tvnz. If you haven't watched it on you tube watch it. Makes the race much more enjoyable. If all goes well Ill be watching it on the water on Friday.

[mistaTea]

https://www.linkedin.com/posts/vocus-communications_turning-black-spots-into-bright-spots-2-activity-6774907325649170432-RG_1

Hmmmmn, looks like Vocus is becoming a lot more interested in...satellite technology.

I’ll leave it to Ogg to insert the laughing Nicholas Cage YouTube video...

[Ogg]

https://www.linkedin.com/posts/vocus-communications_turning-black-spots-into-bright-spots-2-activity-6774907325649170432-RG_1

Hmmmmn, looks like Vocus is becoming a lot more interested in...satellite technology.

I’ll leave it to Ogg to insert the laughing Nicholas Cage YouTube video...

It's talking about low earth orbit satellites, which isn't really relevant.

However, a few things have me scratching my head as of late.

1) Why would Sky dump Feenix Communications, when according to a source on this forum, a deal was about to be signed? Why all of a sudden sign up with Vocus NZ? What was the benefit of moving at the last minute? Did Vocus NZ offer a huge "carrot", if so why? Is there something else they're not telling us about this agreement? It seems odd there was no announcement to the market regarding the details of this commercial deal.

2) Why is the Vocus NZ IPO getting delayed again. Why doesn't the scheme of arrangement just exclude Vocus NZ? Why not just wait for it to be sold off in a few weeks time? What's the rush in making a takeover now?

3) The NBR article talking about NZ consolidation as if someone slipped up and revealed there's a big plan out there. Consolidate with who? Seems odd that they would partner with Sky and do a big wholesale deal, than go out and talk to the media about "consolidation."

4) Sky TV not using available credit/cash to do a buy back or pay a dividend, when there's clearly enough liquidity to do so. What are they doing with their $200m credit line? Nothing is happening here it seems. Why the wait.

5) Sky broadband getting delayed again, and again. What's going on? How long does it take to sell a resell product.

6) Why would MIRA want Vocus NZ? I mean sure, if they got it cheap, maybe they would keep it but according to sources, a $700m IPO is planned, so why not just let it get flick off or flick it off themselves ASAP in a My Food Bag type IPO fire sale? Or is that their plan, but then why take the risk?

I really hope that Sky doesn't end up buying Vocus NZ off MIRA.

If MIRA had an brains, they would buy Sky and combined it with Vocus NZ and then refloat both of them together 5 years later. Or better yet just keep it and resell it all to Comcast or AT&T.

What ever happens, you would think the outcome would be positive for shareholders of Sky. How could it get worse from here.

[mistaTea]

It's talking about low earth orbit satellites, which isn't really relevant.

However, a few things have me scratching my head as of late.

1) Why would Sky dump Feenix Communications, when according to a source on this forum, a deal was about to be signed? Why all of a sudden sign up with Vocus NZ? What was the benefit of moving at the last minute? Did Vocus NZ offer a huge "carrot", if so why? Is there something else they're not telling us about this agreement? It seems odd there was no announcement to the market regarding the details of this commercial deal.

2) Why is the Vocus NZ IPO getting delayed again. Why doesn't the scheme of arrangement just exclude Vocus NZ? Why not just wait for it to be sold off in a few weeks time? What's the rush in making a takeover now?

3) The NBR article talking about NZ consolidation as if someone slipped up and revealed there's a big plan out there. Consolidate with who? Seems odd that they would partner with Sky and do a big wholesale deal, than go out and talk to the media about "consolidation."

4) Sky TV not using available credit/cash to do a buy back or pay a dividend, when there's clearly enough liquidity to do so. What are they doing with their $200m credit line? Nothing is happening here it seems. Why the wait.

5) Sky broadband getting delayed again, and again. What's going on? How long does it take to sell a resell product.

6) Why would MIRA want Vocus NZ? I mean sure, if they got it cheap, maybe they would keep it but according to sources, a $700m IPO is planned, so why not just let it get flick off or flick it off themselves ASAP in a My Food Bag type IPO fire sale? Or is that their plan, but then why take the risk?

I really hope that Sky doesn't end up buying Vocus NZ off MIRA.

If MIRA had an brains, they would buy Sky and combined it with Vocus NZ and then refloat both of them together 5 years later. Or better yet just keep it and resell it all to Comcast or AT&T.

What ever happens, you would think the outcome would be positive for shareholders of Sky. How could it get worse from here.

Yes Ogg...if the Vocus Group deemed that the best course of action to maximise value was to sell the NZ assets, why indeed would MIRA want to keep them?

Your last comment about taking out Sky and then relisting a few years later as a combined Sky-Vocus NZ entity is exactly what I would do if I was MIRA. If they could lift combined EBITDA to above $300M then they could prob IPO it for $3B+.

There would be a lot of interest from investors to buy it. They have been gagging for another telco to list for a while...this would be a super telco.

That would give MIRA most of their money back and they would still hold the valuable Australian assets.

Bowman just bought shares so nothing happening now. But, as with many takeover theories, this one isn’t completely ridiculous.

[LaserEyeKiwi]

Yes Ogg...if the Vocus Group deemed that the best course of action to maximise value was to sell the NZ assets, why indeed would MIRA want to keep them?

Your last comment about taking out Sky and then relisting a few years later as a combined Sky-Vocus NZ entity is exactly what I would do if I was MIRA. If they could lift combined EBITDA to above $300M then they could prob IPO it for $3B+.

There would be a lot of interest from investors to buy it. They have been gagging for another telco to list for a while...this would be a super telco.

That would give MIRA most of their money back and they would still hold the valuable Australian assets.

Bowman just bought shares so nothing happening now. But, as with many takeover theories, this one isn’t completely ridiculous.

I wouldn't be surprised if 2 degrees was the preferred takeover target instead of Sky for a telco play by Vocus. I don't really see the synergies between Vocus and a content focused player like Sky, whereas the benefits of adding a mobile network to VocusNZ operations is an obvious move (especially with Spark & Vodafone amping up their Fixed Wireless Broadband plays)

[Ogg]

I wouldn't be surprised if 2 degrees was the preferred takeover target instead of Sky for a telco play by Vocus. I don't really see the synergies between Vocus and a content focused player like Sky, whereas the benefits of adding a mobile network to VocusNZ operations is an obvious move (especially with Spark & Vodafone amping up their Fixed Wireless Broadband plays)

Yeah good point.

2 degrees and Vocus would make more sense.

Having said that, it still makes sense to bolt on Sky to target their customers and combined overheads/expenses. Throw Trustpower in the mix and you would have yourself a pretty decent setup, one that could take on the two majors (Spark and Vodafone).

Everyday that goes by without these companies merging is money down the drain.

[LaserEyeKiwi]

There is also of course a potential Vocus & Vodafone NZ tie-up, but that would probably be harder to get past regulators.

[Ogg]

There is also of course a potential Vocus & Vodafone NZ tie-up, but that would probably be harder to get past regulators.

There's no way that would get through.

If so Vodafone would have already made a play before the IPO was announced.

[Ogg]

The more I think about a 2degrees, Vocus NZ, and Sky mega merger the more it makes sense.

Comcast (owner of Sky UK, NBC, Xfinity) would be the perfect buyer. It has the content to make it all work.

[Alpha]

https://www.odt.co.nz/business/telcos-agree-commerce-commission-changes?fbclid=IwAR34t8wDm8Igqx3oad0gh_r58DBZGwAOv VN4Htsf3PWWzADTS-puYsY7mi4

[mistaTea]

I wouldn't be surprised if 2 degrees was the preferred takeover target instead of Sky for a telco play by Vocus. I don't really see the synergies between Vocus and a content focused player like Sky, whereas the benefits of adding a mobile network to VocusNZ operations is an obvious move (especially with Spark & Vodafone amping up their Fixed Wireless Broadband plays)

It could well be that the new Vocus owners see further expansion opportunities by buying companies like 2Degrees.

Ultimately though, my view is that Vocus would still be missing the 'secret sauce'. Yes, they would be 'bigger' if they acquire more of the telco players that are smaller than Vodafone and Spark.

But to really compete with Vodafone and Spark, I think owning an asset like Sky would be hugely beneficial. Clearly Spark think the content game is worthwhile, given they have:

1. A wholesale deal with NETFLIX
2. A wholesale deal with Sky for NEON
3. Their own sport offer - Spark Sport
4. A wholesale deal with Sky for Sky Sport NOW (packaged with Spark Sport).

Vodafone have Vodafone TV. They don't appear to have made a huge success out of this so far, and the UX still needs improvements...but it does allow their customers to get cheaper Sky TV packages. I think you can get 'The Works' for as low as $90/month (when it would normally be about $120/month if you had Starter + Entertainment + Sport + Movies + SOHO + MySKY).

Sky UK have been a large success in Europe by packaging their content (core competency) with broadband and mobile.

Vocus can already offer Fibre-Mobile-Energy bundles. If they were merged with Sky it would allow Super Bundles... with a lot of flexibility. Some packages would be tailored to the large base of satellite subs...other packages would be tied to bundles with the streaming services. They would literally have something for everyone.

Now imagine if you are a customer of theirs and your internet, mobile, electricity and Sky content (be it satellite or streaming) is with 'SkyVocus'. How likely are you to switch to Vodafone, even if they might save you $10 per month on your broadband component? I think an entity like this would have the 'stickiest' customers in the industry.

[Tripp]

We also need to remember that the comcom hates sky, any merger may throw up the issues that other telcos etc voiced back when vodafone/sky tried it last time.

[mistaTea]

We also need to remember that the comcom hates sky, any merger may throw up the issues that other telcos etc voiced back when vodafone/sky tried it last time.

Vocus could buy Sky. No issues from a regulatory perspective.

[Tripp]

Vocus could buy Sky. No issues from a regulatory perspective.

:p correct.

[Alpha]

We also need to remember that the comcom hates sky, any merger may throw up the issues that other telcos etc voiced back when vodafone/sky tried it last time.

May not anymore recently approved the sale of OSB.

[mistaTea]

May not anymore recently approved the sale of OSB.

Plus the decision against Sky-Vodafone was a 50/50 call back in 2018 (according to the decision maker in an interview afterwards).

A lot has changed since 2018. Entertainment has been further fragmented with new OTT streaming services and Spark has proven that Sky does not actually have a monopoly on sport given they so easily launched their own service and picked up a number of high profile events.

No way could the same arguments be used again to block a deal in 2021.

[mistaTea]

https://www.nzx.com/announcements/368997

Bonds going bye-bye.

[peat]

https://www.nzx.com/announcements/368997

Bonds going bye-bye.

>5% yield indicates the market still seeing quite a lot of risk !

and may mean its not that much cheaper for them to borrow the money again (given the coupon was 6.25)

[mistaTea]

>5% yield indicates the market still seeing quite a lot of risk !

and may mean its not that much cheaper for them to borrow the money again (given the coupon was 6.25)

I never thought I would see a ‘negative angle’ to sky paying off its bonds!

Are you, in fact, Chris Keall?

[peat]

just saying what I see....
its only good if they can borrow cheaper right?
(unless of course they dont need to replace it because massive cash flows)

Discl (hold)

[mistaTea]

just saying what I see....
its only good if they can borrow cheaper right?
(unless of course they dont need to replace it because massive cash flows)

Discl (hold)

I don't think they are planning to borrow at this stage.

They have a $200M facility (untouched) with a banking syndicate. Not sure what the interest rate would be if they needed to use it.

But their $45M CAPEX needs (which covers 'stay in buisness' and growth initiatives) is covered by cash generated from operations.

I think the $200M facility would only come into play if a very large and interesting opportunity came their way.

Unless and until that happens, it will be nice to be debt free. And that is $6.25M less a year in interest charges to look forward to.

[Snow Leopard]

just saying what I see....
its only good if they can borrow cheaper right?
(unless of course they dont need to replace it because massive cash flows)

Discl (hold)

@HY Cash was $123M vs Debt of $100M bonds + $1M5 other

[mistaTea]

@HY Cash was $123M vs Debt of $100M bonds + $1M5 other

Yeah and the cash balance will prob be $30M+ at the FY results, and growing.

Bank facility is just good to have available for unforeseen circumstances (especially with Covid still being a threat) or opportunities that may arise.

Balance Sheet is in mint condition, thanks to the shareholder bail out.

[Ogg]

Me looking for another company on the ASX/NZX that is cash flow positive, has no debt, has a growing cash pile, pays no dividends, does no buy backs, and makes no investments or acquisitions.


https://www.youtube.com/watch?v=RqJVa0fl01w

[peat]

And that is $6.25M less a year in interest charges to look forward to.

Yes
but well foreseen by the market I would think.
Still, this steady rise last few days is quite noticeable. Someone accumulating?

[sb9]

Someone is surely showing up their hand for accumulation...

[Ogg]

Yes
but well foreseen by the market I would think.
Still, this steady rise last few days is quite noticeable. Someone accumulating?
🌙

🚀

To the moon!

[Getty]

https://youtu.be/_cP-baAETnI

[sb9]

Would be nice to get 20c hurdle in the interim, at least then we're into half cent ticker size instead of current pesky 1/10c size.

[LEMON]

Everytime we get excited it falls to it's ass again. Then more moaning and frustration

[Alpha]

Everytime we get excited it falls to it's ass again. Then more moaning and frustration


Come on please don't be a LEMON

[JohnnyTheHorse]

Lots of overhang from capital raisings and bag holders slow down the rise in this. We have just sat through some healthy weekly consolidation. That is how markets move and provides a base for the next leg up. The trend is still positive with no red flags.

[Habits]

Someone is surely showing up their hand for accumulation...

I have scored another 400,000 today of the 1.3m traded between 17.9 and 18.1 costing roughly 70k. Theres good upside imo so in the very near future they may be worth twice that... lets hope so.

[Ogg]

I have scored another 400,000 today of the 1.3m traded between 17.9 and 18.1 costing roughly 70k. Theres good upside imo so in the very near future they may be worth twice that... lets hope so.

Casually picks up 400k shares like it's chump change.


https://www.youtube.com/watch?v=IUB-wjXUREE

[sb9]

Casually picks up 400k shares like it's chump change.


https://www.youtube.com/watch?v=IUB-wjXUREE

You probably should get some new faces other Cage and Travolta, gets bit boring and repetitive :p

[Habits]

Casually picks up 400k shares like it's chump change.


https://www.youtube.com/watch?v=IUB-wjXUREE

Agreed its not... the point is that its probably not just one or two buyers accumulating stock. Anyways with 400k plus shares under my arm i can sleep soundly and also i hear i am far from being a big fish in this pond cue nicolas

[LEMON]

Come on please don't be a LEMON

Lol true.
SKT does have bipolar issues though

[Alpha]

SKT or just the dam punters... HAHAH

[Alpha]

Starting to get a bit more mention on the social media again.