View Full Version : SKT Sky Network Television Limited.
mistaTea
01-05-2021, 11:37 AM
Brilliant series, but being called “Commander” is not what I would call a compliment - he’s an arsehole ;)
Hey! I won’t have your anti-Christian comments on here!
He is just a humble God-fearing man...with a few psychological issues ok!
justakiwi
01-05-2021, 11:40 AM
If your post was supposed to be tongue in check, an emoticon would have helped.
If, on the other hand, you were serious ….. wow.
(I don’t know you well enough to know which it is)
Hey! I won’t have your anti-Christian comments on here!
He is just a humble God-fearing man...with a few psychological issues ok!
mistaTea
01-05-2021, 11:42 AM
If your post was supposed to be tongue in check, an emoticon would have helped.
If, on the other hand, you were serious ….. wow.
(I don’t know you well enough to know which it is)
Just busting b@lls mate.
I thought the use of the word ‘huskily’ was a give away!
Fred is a whack job but man the show is good!
And Fred is lord Voldemort’s brother! Go figure!
justakiwi
01-05-2021, 12:18 PM
Just busting b@lls mate.
Good to know ;)
And Fred is lord Voldemort’s brother! Go figure!
OMG … that’s why he always seemed familiar. As the mother of a (daughter - now 24) HP fan, how did I not know that!
mistaTea
01-05-2021, 12:23 PM
Good to know ;)
OMG … that’s why he always seemed familiar. As the mother of a (daughter - now 24) HP fan, how did I not know that!
Indeed!
Joseph Fiennes is a good actor and I enjoy his portrayal of Fred...
But I think Ralph is operating in a completely different stratosphere to his younger brother...
In regards to the property sale, do you think another market update is required should they have decided to not sell it anymore?
mistaTea
02-05-2021, 11:27 AM
In regards to the property sale, do you think another market update is required should they have decided to not sell it anymore?
Not sure on the rules around market announcements.
But it sure does seem odd that we have not seen a listing yet. Maybe there could be a perfectly legitimate reason for the delay, and we see the listing soon.
Or perhaps someone (*cough* Vocus! *cough*) would like Sky to hang on to that incredibly valuable real estate...
Vocus could be a good match. Wouldn't be surprised if they make a play once the Macquarie lead Vocus takeover is done and dusted in July. Who wouldn't want to takeover SKY when there are 4 years left of rugby rights at 100 mill a year, 20mill + property and say 10 mill valuation of rugby pass. Already looking at $430 million of value before even considering the massive customer base to extend Vocus' internet dominance in NZ.
Macquarie I don't think would be massive payers sadly, only a 25%ish premium was given to Vocus. Would be sad letting this go for around 22 cents (25% on 17 cents). At that range it would be a steal for 385 million NZD - 357 million AUD.
mistaTea
02-05-2021, 05:02 PM
Vocus could be a good match. Wouldn't be surprised if they make a play once the Macquarie lead Vocus takeover is done and dusted in July. Who wouldn't want to takeover SKY when there are 4 years left of rugby rights at 100 mill a year, 20mill + property and say 10 mill valuation of rugby pass. Already looking at $430 million of value before even considering the massive customer base to extend Vocus' internet dominance in NZ.
Macquarie I don't think would be massive payers sadly, only a 25%ish premium was given to Vocus. Would be sad letting this go for around 22 cents (25% on 17 cents). At that range it would be a steal for 385 million NZD - 357 million AUD.
Macquarie will not want sky or Vocus nz.
Any deal (if one happens at all) would be structured as a merger I think.
Vocus could be a good match. Wouldn't be surprised if they make a play once the Macquarie lead Vocus takeover is done and dusted in July. Who wouldn't want to takeover SKY when there are 4 years left of rugby rights at 100 mill a year, 20mill + property and say 10 mill valuation of rugby pass. Already looking at $430 million of value before even considering the massive customer base to extend Vocus' internet dominance in NZ.
Macquarie I don't think would be massive payers sadly, only a 25%ish premium was given to Vocus. Would be sad letting this go for around 22 cents (25% on 17 cents). At that range it would be a steal for 385 million NZD - 357 million AUD.
Macquarie will not want sky or Vocus nz.
Any deal (if one happens at all) would be structured as a merger I think.
You're only allow one account on here MistaTea
https://i.imgur.com/iMBfbPZ.gif
mistaTea
02-05-2021, 05:36 PM
You're only allow one account on here MistaTea
https://i.imgur.com/iMBfbPZ.gif
https://media.tenor.com/images/497f5c91cee84740004d2ce99909f411/tenor.gif
LaserEyeKiwi
03-05-2021, 10:44 AM
Vocus could be a good match. Wouldn't be surprised if they make a play once the Macquarie lead Vocus takeover is done and dusted in July. Who wouldn't want to takeover SKY when there are 4 years left of rugby rights at 100 mill a year, 20mill + property and say 10 mill valuation of rugby pass. Already looking at $430 million of value before even considering the massive customer base to extend Vocus' internet dominance in NZ.
Macquarie I don't think would be massive payers sadly, only a 25%ish premium was given to Vocus. Would be sad letting this go for around 22 cents (25% on 17 cents). At that range it would be a steal for 385 million NZD - 357 million AUD.
The rugby rights are an annual $100 million expense to Sky, so you shouldn't be using that figure for its worth as an asset (it is NZ rugby that receive $100 million per year as income for those rights). The rugby rights worth is the amount of customers that subscribe to sky because they have those rugby rights, and how much total profit margin those customers generate on an ongoing annual basis. It is of course not an easy thing to make an estimate of, and further due to the uncertainty of retaining the rights post 2025 you cant value those rights in the same way you can for content that a company retains rights to in perpetuity. It is much easier to assign a value to NZ rugby ownership of those rights, because they are the ones that own them.
Discovery+ launch date in Australia
Reddit post: https://www.reddit.com/r/DiscoveryPlus/comments/ktyej5/australian_launch_date/
I emailed them and asked when it would be released in Australia. This was their reply
Hello Cameron
We are really happy to see your interest in our app. We have currently launched our app in India and US. We will be launching it in other locations in few years. Cheers, Richa from Team Discovery
I also read on a Facebook post, somebody said they get it free with Telstra TV. Which I don't think is legit, as it doesn't mention Discovery plus anywhere in the Telstra TV page.
"in few a years"
https://i.imgur.com/iMBfbPZ.gif
"Properties will be market in April 2021"
https://i.imgur.com/HwqvhVT.jpg
https://i.imgur.com/GuewieG.gif
LaserEyeKiwi
03-05-2021, 11:41 AM
"Properties will be market in April 2021"
https://i.imgur.com/HwqvhVT.jpg
https://i.imgur.com/GuewieG.gif
There are a few scenarios where the properties not being on the market as originally planned might be good news, with scenarios such as a interested buyer for the property already engaged in negotiations, or the more optimistic scenario where the company has paused the sale process while due diligence on Sky is being done by an "interested party"
mistaTea
03-05-2021, 11:46 AM
There are a few scenarios where the properties not being on the market as originally planned might be good news, with scenarios such as a interested buyer for the property already engaged in negotiations, or the more optimistic scenario where the company has paused the sale process while due diligence on Sky is being done by an "interested party"
I think if it was the latter, Sky would need to make an announcement.
If discussions with a potential suitor had reached the point that they put a halt on a property sale (a sale which itself was made by announcement to the market) then they would have to say something I think.
Very strange that it is not listed though. Could be the first scenario - let's see what happens!
mistaTea
03-05-2021, 11:50 AM
The rugby rights are an annual $100 million expense to Sky, so you shouldn't be using that figure for its worth as an asset (it is NZ rugby that receive $100 million per year as income for those rights). The rugby rights worth is the amount of customers that subscribe to sky because they have those rugby rights, and how much total profit margin those customers generate on an ongoing annual basis. It is of course not an easy thing to make an estimate of, and further due to the uncertainty of retaining the rights post 2025 you cant value those rights in the same way you can for content that a company retains rights to in perpetuity. It is much easier to assign a value to NZ rugby ownership of those rights, because they are the ones that own them.
Agree 100%. Sure, the rugby contract is 'worth $100M a year'... to NZR!!
A 'back of the envelope' way to try to work out what the rights are worth to Sky could be as follows.
Underlying Owner Earnings = $80M. Let's say 'sport' generates half of those Owner Earnings. So, $40M a year.
Let's say that Rugby is worth three quarters of those underlying earnings because rugby is the most popular sport and subscription numbers to Sky Sport would be savaged if Sky did not of the rugby.
Well, $40M * 0.75 = $30M/year.
If rugby only accounts for half of the sport-attributable underlying earnings, then $20M.
So you could say that the rugby contract is probably worth somewhere between $20M=$30M per year to Sky.
Loads of assumptions above...but it is just rough back of the envelope stuff.
I think if it was the latter, Sky would need to make an announcement.
If discussions with a potential suitor had reached the point that they put a halt on a property sale (a sale which itself was made by announcement to the market) then they would have to say something I think.
Very strange that it is not listed though. Could be the first scenario - let's see what happens!
https://i.imgur.com/JjNtJSd.jpg
Discovery NZ is only leasing. Owner of building looking to develop in future so they'll get the boot!
https://i.imgur.com/iMBfbPZ.gif
mistaTea
03-05-2021, 12:01 PM
Discovery NZ is only leasing. Owner of building looking to develop in future so they'll get the boot!
https://i.imgur.com/iMBfbPZ.gif
If you are right. Vocus better get a move on!
If you are right. Vocus better get a move on!
Unless Macquarie is interested, there's no point in mentioning Vocus NZ.
mistaTea
03-05-2021, 12:17 PM
Unless Macquarie is interested, there's no point in mentioning Vocus NZ.
It's all part of their Master Plan mate. Don't you worry.
You need to start barking up the right tree...
https://giphy.com/gifs/memecandy-Yq7n1sakPfO1d0O9Wn
Habits
03-05-2021, 12:43 PM
Discovery NZ is only leasing. Owner of building looking to develop in future so they'll get the boot!
https://i.imgur.com/iMBfbPZ.gif
Only if there is a demolition clause in the lease... otherwise the owner might have to dig deep
a big spread today of 0.3c thats nearly 2%
this can indicate uncertainty or sometimes even an upcoming news event.
mistaTea
03-05-2021, 12:51 PM
a big spread today of 0.3c thats nearly 2%
this can indicate uncertainty or sometimes even an upcoming news event.
Don’t you go setting Ogg off all over again!
Don’t you go setting Ogg off all over again!
https://i.imgur.com/vO8jYMd.jpg
mistaTea
03-05-2021, 12:59 PM
https://i.imgur.com/vO8jYMd.jpg
Here we go again! 🤣
Here we go again! 藍
Shjt, it might actually fill! 47,369 on offer @ $0.172
mistaTea
03-05-2021, 01:48 PM
Shjt, it might actually fill! 47,369 on offer @ $0.172
Removed Message.
All of a sudden 10 buy orders rush in...
https://i.imgur.com/VyVOwf9.jpeg
mistaTea
03-05-2021, 02:28 PM
ASX trading higher volume today than NZX.
Very unusual.
ASX trading higher volume today than NZX.
Very unusual.
"this can indicate uncertainty or sometimes even an upcoming news event."
https://i.imgur.com/iMBfbPZ.gif
219,394 buy order @ $0.189
What a joke.
https://i.imgur.com/iMBfbPZ.gif
https://i.imgur.com/vO8jYMd.jpg
https://www.youtube.com/watch?v=istr1n8cVE8
Nice finish for the day. "this can indicate uncertainty or sometimes even an upcoming news event."
Nice finish for the day. "this can indicate uncertainty or sometimes even an upcoming news event."
https://i.imgur.com/iMBfbPZ.gif
Baa_Baa
03-05-2021, 05:05 PM
Nice finish for the day. "this can indicate uncertainty or sometimes even an upcoming news event."
Today's trading right in between the 100 and 50 day MA's.
mistaTea
03-05-2021, 06:43 PM
Today's trading right in between the 100 and 50 day MA's.
But what does that mean?
I am a troglodyte who only knows how to buy and horde. I mean by and hold.
What is your crystal ball telling you that these moving averages mean?
That we merge with Vocus and become the largest telco in NZ over time? Dwarfing Spark and making them deeply regret antagonising us with Spark Sport?
Baa_Baa
03-05-2021, 06:55 PM
But what does that mean?
I am a troglodyte who only knows how to buy and horde. I mean by and hold.
What is your crystal ball telling you that these moving averages mean?
That we merge with Vocus and become the largest telco in NZ over time? Dwarfing Spark and making them deeply regret antagonising us with Spark Sport?
Clearly a troglodyte as you say, pouncing on virtually every reply to this thread, though asking patsy questions will tend to elicit only a muted reply. The SP Trend is up. There you go.
That's what you want after all the endless chatter about the company and unlikely take-overs, you just want a nice high SP so that you can book a profit one day, maybe an obscene profit. Whether fundamental or technical analysis, maybe that's all we all want.
mistaTea
03-05-2021, 07:04 PM
Clearly a troglodyte as you say, pouncing on virtually every reply to this thread, though asking patsy questions will tend to elicit only a muted reply. The SP Trend is up. There you go.
That's what you want after all the endless chatter about the company and unlikely take-overs, you just want a nice high SP so that you can book a profit one day, maybe an obscene profit. Whether fundamental or technical analysis, maybe that's all we all want.
You say true, I say thank ya.
Yea the wifi6 routers are supposed to get much better coverage than the typical wifi5 routers.
Great to see your speeds are significantly higher than before but a shame it is still well short of the 900Mbs download potential.
Uploads should be getting up to 400Mbs.
Got asked by sky to do a speed test this evening as part of the broadband trial. Hadn’t done one for a while and got a bit of a shock. Download speeds of 600Mbs and upload around 400Mbs in the room where the router sits - a lot faster than when we first cut over to sky broadband.
mistaTea
03-05-2021, 08:53 PM
Got asked by sky to do a speed test this evening as part of the broadband trial. Hadn’t done one for a while and got a bit of a shock. Download speeds of 600Mbs and upload around 400Mbs in the room where the router sits - a lot faster than when we first cut over to sky broadband.
I got the call today to sign up. After signing up with the Sky rep it seems that it goes to the Vocus provisioning team, so I should get a call in a couple of days to set a date for the switch over.
I am going to stick with my existing router set up - still wifi5, but the NIGHTHAWK is a very good router. Will be interesting to see what kind of speeds I can get.
Clearly a troglodyte as you say, pouncing on virtually every reply to this thread, though asking patsy questions will tend to elicit only a muted reply. The SP Trend is up. There you go.
That's what you want after all the endless chatter about the company and unlikely take-overs, you just want a nice high SP so that you can book a profit one day, maybe an obscene profit. Whether fundamental or technical analysis, maybe that's all we all want.
https://www.sharetrader.co.nz/attachment.php?attachmentid=12468&d=1619571578
allfromacell
03-05-2021, 09:08 PM
I got the call today to sign up. After signing up with the Sky rep it seems that it goes to the Vocus provisioning team, so I should get a call in a couple of days to set a date for the switch over.
I am going to stick with my existing router set up - still wifi5, but the NIGHTHAWK is a very good router. Will be interesting to see what kind of speeds I can get.
Yes it's my understanding Vocus are also handling support branded as Sky so they're quite intertwined.
mistaTea
03-05-2021, 09:11 PM
Yes it's my understanding Vocus are also handling support branded as Skyso they're quite intertwined.
Couldn't agree with you more...
winner69
04-05-2021, 08:23 AM
Don’t come here often now as it seems nonsense out of some fairy story or something like that ...but can one of you summarise in one sentence what you all have been raving on about over the last week....and is it meaningful
The diver
04-05-2021, 08:28 AM
Don’t come here often now as it seems nonsense out of some fairy story or something like that ...but can one of you summarise in one sentence what you all have been raving on about over the last week....and is it meaningful
Much ado about nothing.
mistaTea
04-05-2021, 10:58 AM
https://www.colliers.co.nz/en-nz/properties/buy-this-at-a-return-of-5/nzl-118-carbine-road-mount-wellington-auckland-city-auckland/nzl67014021
If this piece of sh1t is worth $8M+GST...imagine what Sky would get for their 26,500sqm property (net lettable area 9,300sqm)!
Of course, no listing yet and no doubt the property sale will have been kyboshed because Vocus will need the space to combine HO and also add in a Data Centre etc...
https://www.youtube.com/watch?v=IUB-wjXUREE
https://www.colliers.co.nz/en-nz/properties/buy-this-at-a-return-of-5/nzl-118-carbine-road-mount-wellington-auckland-city-auckland/nzl67014021
If this piece of sh1t is worth $8M+GST...imagine what Sky would get for their 26,500sqm property (net lettable area 9,300sqm)!
Of course, no listing yet and no doubt the property sale will have been kyboshed because Vocus will need the space to combine HO and also add in a Data Centre etc...
I thought that was the listing, I almost camed.
mistaTea
04-05-2021, 12:55 PM
https://www.nbr.co.nz/article/sky-names-services-it-wants-spark-vodafone-2degrees-and-vocus-block-ck-p-210556
Amazing to look back and see how things have changed over time.
As recently as 2017, Sky and Vocus were insulting each other in the media over piracy.
Vocus described the Sky Board as having "rocks in their head". Sky suggested Vocus NZ should check with their Aussie daddy before talking out of turn as Australia do expect blatant piracy sites to be blocked by ISPs (not sure how it actually works in Aus).
Sky's arguments have some merit, but going to war with the ISPs was just stupid. As was going to war with the media outlets for showing clips of sport...they always should have taken a collaborative approach since their monopoly power was non-existant.
And now here we are a few short years later, in a business partnership with none other than Vocus! Our partnership with Vocus is even closer than our Vodafone ties, and Vocus is worth so much more to Sky than Vodafone (with their paltry 40K paying VTV customers).
Our relationship with Vocus is only going to become deeper from here. How deep? I have some thoughts on that.
But what is important is that new management (for Sky) has been able to turn a foe into a very good friend.
I like it.
https://i.imgur.com/OJDQ3Wy.jpg
mistaTea
04-05-2021, 02:59 PM
https://i.imgur.com/OJDQ3Wy.jpg
I think I did sight the listing earlier...in Never Never Land!
mistaTea
04-05-2021, 05:26 PM
https://www.colliers.co.nz/en-nz/news/the-week-in-corporate-real-estate-13-april-2021
This is the only mention I can find of the Sky TV land sale on Colliers. Dated 13 April.
Poor b@stards got half way through the month and still thought the sale was happening! That they would get a tasty commission!
https://www.youtube.com/watch?v=IUB-wjXUREE
Habits
04-05-2021, 06:00 PM
https://www.colliers.co.nz/en-nz/properties/buy-this-at-a-return-of-5/nzl-118-carbine-road-mount-wellington-auckland-city-auckland/nzl67014021
If this piece of sh1t is worth $8M+GST...imagine what Sky would get for their 26,500sqm property (net lettable area 9,300sqm)!
Of course, no listing yet and no doubt the property sale will have been kyboshed because Vocus will need the space to combine HO and also add in a Data Centre etc...
https://www.youtube.com/watch?v=IUB-wjXUREE
7.95m/3222sqm x 26500sqm comes to 65.3m .... shhhh don't tell Ogg, he will have heart failure
mistaTea
04-05-2021, 07:13 PM
7.95m/3222sqm x 26500sqm comes to 65.3m .... shhhh don't tell Ogg, he will have heart failure
Let's just say that, for the sake of argument, the equation is that simple and Sky could get that amount for the property.
It just makes even more of a mockery of the low quoted value of the business.
If you could get all of the shares at the closing SP today you could buy Sky for ~$307M. You could immediately sell off a chunk of property as announced to the market and realise ~$65M.
That means that you are effectively buying the Sky TV operations and remaining tangible assets for ~$240M.
Zero debt too.
That works out to be about 1.6 times projected EBITDA. Even if you adjust EBITDA down to allow for the lease costs captured under IFRS-16, you still have an 'adjusted EBITDA' multiple of 2.
I appreciate that things are different for Sky now as they face serious competition, and the business needs to continue to adjust and adapt to the new landscape...
But EBITDA multiples in the range of 1.6 - 2 is just plain ridiculous.
Of course this is all a moot point as we suspect the land sale is no longer going ahead. After all, in the long term that 26,500 sqm of goodness will be worth significantly more than $65M to Vocus, given what they could do with it...
https://media.tenor.com/images/a1ace14820b0a290b201498bbfa8f3f2/tenor.gif
mistaTea
04-05-2021, 08:04 PM
As recently as April 28 Colliers were still banging on about the Skt TV property sale: https://www.colliers.co.nz/en-nz/news/the-week-in-corporate-real-estate-28-april-2021
References out to a Vlog:
https://www.youtube.com/watch?v=xVjWm4bvZSo
At 3:03 he mentions Sky.
mistaTea
04-05-2021, 08:11 PM
https://www.nzherald.co.nz/sport/cricket-indian-premier-league-suspended-due-to-covid-19-outbreaks-within-three-teams/CJBN43EWDXUSMSWPWX5SV3L2DY/
More savings for Sky...
https://media.tenor.com/images/a1ace...f3f2/tenor.gif (https://media.tenor.com/images/a1ace14820b0a290b201498bbfa8f3f2/tenor.gif)
https://i.imgur.com/zD09zhQ.jpg
“All things are ready, if our mind be so.”
https://i.imgur.com/undK5Ur.jpg
mistaTea
06-05-2021, 01:40 PM
Healthy trading volumes today on the NZX.
Was reading over the previous merger presentation (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/283722/237129.pdf). Just do a find and replace 'dafone' for 'cus', update the earnings figures for both companies and we have a deal. The arguments are just as strong today for a merger with a telco.
Even more strong today than it was in 2016.
I have been convinced since the announcement that Vocus will be Sky's broadband provider that the two companies are a match made in Heaven. There is no doubt in my mind about that.
The only thing I have been less clear in my mind about is 'how' such a deal could be constructed. Especially with Sky's market value that is completely divorced from Earning Power.
And isn't it obvious? The same type of approach that they took in 2016!
Part cash payment, part equity.
Cash: the new 'Sky 2.0' take on some debt to make the payment to Vocus AU.
Equity: the balance of the payment is made by issuing new shares in Sky to Vocus AU. This allows Vocus AU to keep a hand in with a significant stake in Sky, realising large upside which will come over time.
It also completely eliminates the problem around Sky's unreasonably low quoted value. Valuations based on sensible EBITDA multiples are required for each business to get the deal done.
Sky is the bigger business by far in terms of Earning Power, so you can't do a deal with Vocus getting a stratospheric multiple of 9, while Sky only gets 3 or 4. No way could the Sky Board support that, or get shareholder support. No decent investment banker could recommend that in an independent report.
The new business would be valued north of $1B and would hit the ground running with ~1M Sky customers as well as ~250K Vocus broadband customers. Only ~40K mobile customers, so huge growth potential here with the right bundles.
And the most awesome part of a deal constructed in this way...I get to keep my shares! What is best for Sky and Vocus in the long term ends up being best for me too.
Of all the crazy takeover 'theories' about Infratil, and NBCUniversal...and more recently Discovery...all just wishful thinking (https://tenor.com/view/psycho-laughing-hysterically-laughing-killer-shawshank-gif-15186318)...
...a move to merge by Sky and Vocus is actually a business deal that has strong merit and makes sense (if I do say so myself).
https://i.imgur.com/jqBmsAw.jpg
mistaTea
07-05-2021, 11:33 AM
https://i.imgur.com/jqBmsAw.jpg
Yeah, it looks like Colliers need more than 6 weeks to take a few photos and put an ad on their website!
mistaTea
07-05-2021, 05:14 PM
Clean up your inbox Ogg.
Clean up your inbox Ogg.
10-4
https://i.imgur.com/pTZRoCL.jpg
mistaTea
07-05-2021, 06:43 PM
10-4
https://i.imgur.com/pTZRoCL.jpg
I approve (https://media1.tenor.com/images/4d105cb50bdd35b167bdbeaf433e0152/tenor.gif?itemid=14771760)!
kevin
07-05-2021, 07:21 PM
Hi! Long time reader... Somehow I don't think Ogg has picked up on this article from Jan 22 which says Discovery NZ are "vacating the TV station’s offices and studio in the coming year"... Cue...
Takeover alert
Haha.
https://www.clubsnz.org.nz/assets/News_Article_Docs/Club-News/2021/Clubs_New_Zealand_Commerce-Commission_Complaint.pdf
https://i.imgur.com/cwY0u2S.gif
DownTownJr
08-05-2021, 11:23 AM
https://www.clubsnz.org.nz/assets/News_Article_Docs/Club-News/2021/Clubs_New_Zealand_Commerce-Commission_Complaint.pdf
https://i.imgur.com/cwY0u2S.gif
Lol made for a good laugh.
mistaTea
08-05-2021, 11:29 AM
Lol made for a good laugh.
LOL
Old ‘Lazza’ hasn’t disclosed how much the clubs have grown by over that same time…
Habits
08-05-2021, 11:32 AM
https://www.clubsnz.org.nz/assets/News_Article_Docs/Club-News/2021/Clubs_New_Zealand_Commerce-Commission_Complaint.pdf
https://i.imgur.com/cwY0u2S.gif
What, 3600 PER MONTH?! That much per month sounds excessive. While they are complaining about Sky charges, start reviewing the price of drinks in pubs, clubs and cafes. These establishments pay pennies per flagon from the brewer and charge massively large mark-ups. Perhaps someone should do a reverse complaint against the clubs which benefit handsomely from the rugby matches that bring in the patrons
mistaTea
08-05-2021, 12:16 PM
What, 3600 PER MONTH?! That much per month sounds excessive. While they are complaining about Sky charges, start reviewing the price of drinks in pubs, clubs and cafes. These establishments pay pennies per flagon from the brewer and charge massively large mark-ups. Perhaps someone should do a reverse complaint against the clubs which benefit handsomely from the rugby matches that bring in the patrons
I think the increase in sky sub is more a reflection on how successful the club has been!
Clearly they have attracted a lot more members! And, therefore, eyeballs glued to the screen watching Sky!
mistaTea
08-05-2021, 12:25 PM
I think the increase in sky sub is more a reflection on how successful the club has been!
Clearly they have attracted a lot more members! And, therefore, eyeballs glued to the screen watching Sky!
And don’t forget, if Sky really is just ripping them off they can always cancel their sub…
I may be wrong on this, but I don’t believe that Sky have a gun to their head…
Clubs NZ 2021 annual report:
https://www.clubsnz.org.nz/assets/About-Us/2021-Annual-Report.pdf
https://i.imgur.com/PnVLCEr.jpg
200% increase in surplus year on year
$11,639 in commission from Sky TV
Claims government wage subsidy
The Sky TV increase at the end of 2019 is an example of how a single thing can hugely challenge our members financial viability. I am aware there are clubs who will consider their future pay TV options and there are a few who will just give up their TAB systems altogether. Our CEO is working alongside Hospitality New Zealand and the TAB to work through several solutions including live streaming options. This will continue to be a work in progress. There are new developments in the pipeline which will be presented at the 2021 AGM.
Sky Television’s bullying tactics are unacceptable. If there was one issue that has created a sense of mistrust and anger among clubs, it is this company’s attitude to pricing and unjustifiable and inconsistent measurement of charges. We have tried to discuss this with them, however they continue to talk about increased services and more programming content available, which clubs have no interest in. The remaining option is a mass membership exodus, and this will require coordinated member support. Government at this stage say they will not get involved because it is “commercial”. While the last resort solution remains with our group’s total membership, maybe it is time to flexour 300,000-membership muscle don’t bite the hand that feeds you, Mr Sky and Spark
Page 16: "The main expense items under budget were board and staff expenses"
$863,765 in board and staff fees
https://i.imgur.com/lrxwFQW.gif
LaserEyeKiwi
09-05-2021, 06:29 PM
https://www.clubsnz.org.nz/assets/News_Article_Docs/Club-News/2021/Clubs_New_Zealand_Commerce-Commission_Complaint.pdf
https://i.imgur.com/cwY0u2S.gif
lol. my parents are members of one of the two clubs mentioned in the complaint. Its a very big club with a massive amount of seating - on rugby nights they get over a thousand people on the premises.
Habits
09-05-2021, 08:21 PM
Clubs NZ 2021 annual report:
https://www.clubsnz.org.nz/assets/About-Us/2021-Annual-Report.pdf
https://i.imgur.com/PnVLCEr.jpg
200% increase in surplus year on year
$11,639 in commission from Sky TV
Claims government wage subsidy
Page 16: "The main expense items under budget were board and staff expenses"
$863,765 in board and staff fees
https://i.imgur.com/lrxwFQW.gif
Wow interesting, thanks for hi-lighting it.
Dlownz
09-05-2021, 09:36 PM
The first thing that caught my eye was the 5% nz rugby hold the mentioned. Being almost a year since nz rugby was diluted down to less than 2%. If they got such a simple thing wrong that's been know for a year what else is factually incorrect?
The first thing that caught my eye was the 5% nz rugby hold the mentioned. Being almost a year since nz rugby was diluted down to less than 2%. If they got such a simple thing wrong that's been know for a year what else is factually incorrect?
I understand their concern. That's why Discovery need to take over Sky. The savings will then be passed onto customers. Consolidation is the way to lower prices.
Dlownz
09-05-2021, 09:53 PM
Takeovers generally only results in higher prices as the company that buys it trys to get ima returns back quicker
mistaTea
09-05-2021, 10:38 PM
I understand their concern. That's why Discovery need to take over Sky. The savings will then be passed onto customers. Consolidation is the way to lower prices.
Discovery NEED to takeover Sky to protect these clubs from the NZR?
LOLLLLLLL.
Takeovers generally only results in higher prices as the company that buys it trys to get ima returns back quicker
https://i.imgur.com/sHIEMx6.jpg
https://www.nbr.co.nz/article/comcom-declines-sky-vodafone-merger-th-199887
“We’re generally supportive of market consolidation where it leads to better outcomes for consumers.” Said Spark’s general manager regulatory affairs John Wesley-Smith.
What actually ended up happening:
-Sky declined consolidation with Vodafone
-Spark enters sports market
-Customers end up getting billed for both Cricket and Rugby
-Sky's costs are fixed so it pasts on increased cost to compensate
-Club NZ ends up paying more
-Whingey old man from Club NZ ends up complaining to ComCom about price increases
https://i.imgur.com/lrxwFQW.gif
Dlownz
10-05-2021, 06:02 AM
NZ Rugby takes $16m impairment on Sky TV investment, reveals extent of Sky clawback on broadcast rights
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12441015
NZ rugby's sgare in sky 1.7%. Not 5% stipulated by clubs nz
mistaTea
10-05-2021, 08:17 AM
NZ Rugby takes $16m impairment on Sky TV investment, reveals extent of Sky clawback on broadcast rights
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12441015
NZ rugby's sgare in sky 1.7%. Not 5% stipulated by clubs nz
I like how Chris still managed to mention the NEON price increase right at the end.
Not related AT ALL to the article about NZR's financial woes and Sky's relationship with NZR.
God Chris really hates Sky TV!
LaserEyeKiwi
10-05-2021, 09:30 AM
The more I see news releases like this from NZX listed property companies, the more I am convinced that Skys property is being pitched at these large entities first and won't be advertised publicly unless they have all done their due diligence and all passed on an acquisition.
https://www.nzx.com/announcements/371892
Habits
10-05-2021, 09:38 AM
The more I see news releases like this from NZX listed property companies, the more I am convinced that Skys property is being pitched at these large entities first and won't be advertised publicly unless they have all done their due diligence and all passed on an acquisition.
https://www.nzx.com/announcements/371892
If that is the case then perhaps also include fletchers so it can be redeveloped. Good location for large scale housing I guess
mistaTea
10-05-2021, 09:41 AM
The more I see news releases like this from NZX listed property companies, the more I am convinced that Skys property is being pitched at these large entities first and won't be advertised publicly unless they have all done their due diligence and all passed on an acquisition.
https://www.nzx.com/announcements/371892
Let's watch this space, hard to know what is going on.
But I don't see why early interest from large entities after the NZX announcement would stop Colliers from listing the property. They should be generating maximum interest for the property to get the best possible price - and you need to advertise it to do that.
It is very strange that in March they announced that it would be listed in April, now we are a third of the way through May and still nothing.
Maybe we will see a listing materialise in the next week or so, but it is a very strange situation.
Dlownz
10-05-2021, 09:58 AM
I'm almost exoecting some form of revenue guidence thus week from sky
I'm almost exoecting some form of revenue guidence thus week from sky
Better be. The SP action has been woeful. No matter if I or others think that SKT is hugely undervalued when the market doesn't agree with us.
https://i.imgur.com/grw3hqb.jpeg
but first I have to buy more stock.
mistaTea
10-05-2021, 10:49 AM
Better be. The SP action has been woeful. No matter if I or others think that SKT is hugely undervalued when the market doesn't agree with us.
If you subtract the value of Sky’s tangible assets from the market cap, Sky’s operations are only valued at about $180M according to the SP right now. Company has zero debt!
A business that still generates $150M in operating cashflow, $70M+ in FCF…has stabilised earnings and has shown growth in key areas. Only worth $180M. Ha!
Yes I can bang on as much as I want about how unjust the low market valuation is, but if the market disagrees then too bad so sad.
But Mr Market is a moron in my very humble opinion.
The sooner Sky can make a plan to become a full blown telco the better. Sentiment ‘should’ become more positive if Sky’s revenue streams further diversify into Mobile, wholesale, data centres etc. in theory anyway!
I’m sure our mate Chris at The Herald would still find loads of bad things to say!
https://i.imgur.com/RnOPN5f.jpg
If you subtract the value of Sky’s tangible assets from the market cap, Sky’s operations are only valued at about $180M according to the SP right now. Company has zero debt!
A business that still generates $150M in operating cashflow, $70M+ in FCF…has stabilised earnings and has shown growth in key areas. Only worth $180M. Ha!
Yes I can bang on as much as I want about how unjust the low market valuation is, but if the market disagrees then too bad so sad.
But Mr Market is a moron in my very humble opinion.
The sooner Sky can make a plan to become a full blown telco the better. Sentiment ‘should’ become more positive if Sky’s revenue streams further diversify into Mobile, wholesale, data centres etc. in theory anyway!
I’m sure our mate Chris at The Herald would still find loads of bad things to say!
That's why I was an active buyer from 16c onwards. I think there is just too much stink around the brand with people totally underestimating how many subscribers Sky actually still has. That's why I have put a lot of faith into Sophie as our CEO. She is transforming the business into becoming more nimble thus hopefully adjusting the image of us being ""old tech".
Dlownz
10-05-2021, 11:26 AM
I trust my gut. I always thought stay away from atm. But sky as much as I never use to like it. Its really grown on me and all the changes are positive.
2x 2m off market transfers this morning. Getting close now boys. They've been buying for weeks now. It's almost time.
"God for Harry! England and Saint George!"
https://i.imgur.com/LDI2Ap3.jpg
mistaTea
10-05-2021, 01:06 PM
2x 2m off market transfers this morning. Getting close now boys. They've been buying for weeks now. It's almost time.
"God for Harry! England and Saint George!"
https://i.imgur.com/LDI2Ap3.jpg
Or as the Muslims would say - Inshallah!
Or as the Muslims would say - Inshallah!
Or as the Italians would say - Que sera, sera
mistaTea
10-05-2021, 01:14 PM
Or as the Italians would say - Que sera, sera
Or as the French would say "Vocus et Sky doing la merger!"
https://i.imgur.com/VNpLxww.jpg
mistaTea
10-05-2021, 01:33 PM
https://i.imgur.com/VNpLxww.jpg
They had to force Vocus back to the table somehow.
The MIRA takeover would have upset everything, and they got sick of waiting. They want mistaTea to get his 40c+/share ASAP so that missusTea can start loving him again...
Getty
10-05-2021, 02:16 PM
Or as the French would say "Vocus et Sky doing la merger!"
Or as the Maoris would say
Ka mate Ka Mate
https://i.imgur.com/VNpLxww.jpg
The way the SP is going - perhaps even the Donations squad wanting a cheap buy in weren't too interested in things .. ;)
Perhaps SKT need to announce an early Div to reverse the general trend .. ;)
LaserEyeKiwi
10-05-2021, 04:12 PM
Paramount+ launching here in NZ in August for ~$10 month.
Alpha
10-05-2021, 04:14 PM
Buy sells looking a bit scary right now.....
Alpha
10-05-2021, 04:19 PM
When can we expect Rugby pass SUPER AOTEAROA numbers, broadband uptake, details of property sale why no listing. etc. etc
Surely we will have updates soon.
mistaTea
10-05-2021, 04:23 PM
When can we expect Rugby pass SUPER AOTEAROA numbers, broadband uptake, details of property sale why no listing. etc. etc
Surely we will have updates soon.
Next announcement will be a trading halt.
Next announcement will be a trading halt.
https://i.imgur.com/sHIEMx6.jpg
mistaTea
10-05-2021, 04:27 PM
https://i.imgur.com/sHIEMx6.jpg
But you love me for it, right?
LaserEyeKiwi
10-05-2021, 04:31 PM
When can we expect Rugby pass SUPER AOTEAROA numbers, broadband uptake, details of property sale why no listing. etc. etc
Surely we will have updates soon.
Full year result in August is the next definite announcement. no compulsory announcements before then (but sky seem to like frequent news releases lately)
But you love me for it, right?
Better not be Mucus NZ
After today...
https://i.imgur.com/n6XKSCT.gif
mistaTea
10-05-2021, 06:12 PM
After today...
https://i.imgur.com/n6XKSCT.gif
Fear not Sir Ogg. When we are a full blown telecommunications company, with a content offering surpassed by none…
All these schmucks dumping their shares cheap and causing you anxiety will rue the day.
Is it time to back up the truck again ? ;)
mistaTea
10-05-2021, 08:11 PM
https://www.nbr.co.nz/story/two-degrees-fy2020-results-show-service-revenue-545-million
If we could do a Sky-Vocus-2Degree Mega Merger it would be fantastic.
We would have over 400K Mobile customers, 350K Broadband. customers and ~1M content customers.
Revenue would probably be ~$1.7B with operating cashflows of ~$400M. GAAP earnings of $100M. This is before cost savings from synergies are realised.
And a lot of space for growth with compelling bundles.
A modest 7x EBITDA would value the business at damn near $3B...
Listen to MistaTea, he is smart (https://media4.giphy.com/media/d3mlE7uhX8KFgEmY/200.gif).
It's been approved boys!
https://i.imgur.com/2HrwW2a.jpg
https://i.imgur.com/IUB28Az.jpg
Should go live tomorrow.
There are 3 possibilities here:
It's another fish and chip shop
It's Discovery NZ changing it's name to Discovery
It's a legit takeover vehicle
It's clear and simple here boys. They're not selling the buildings. That can only mean one thing! SOMEONE WANTS TO BUY THE WHOLE LOT!
Takeover or not, I'm going down with the ship!
https://www.youtube.com/watch?v=O5zGkqAWsWE
https://www.youtube.com/watch?v=O5zGkqAWsWE
Sweet dreams!
LaserEyeKiwi
10-05-2021, 10:43 PM
It's been approved boys!
https://i.imgur.com/2HrwW2a.jpg
https://i.imgur.com/IUB28Az.jpg
Should go live tomorrow.
There are 3 possibilities here:
It's another fish and chip shop
It's Discovery NZ changing it's name to Discovery
It's a legit takeover vehicle
It's clear and simple here boys. They're not selling the buildings. That can only mean one thing! SOMEONE WANTS TO BUY THE WHOLE LOT!
Takeover or not, I'm going down with the ship!
https://www.youtube.com/watch?v=O5zGkqAWsWE
https://www.youtube.com/watch?v=O5zGkqAWsWE
Sweet dreams!
a bit of a kid who cried wolf situation here - we all assume you are not serious. and filed that name yourself of course.
mistaTea
11-05-2021, 06:22 AM
a bit of a kid who cried wolf situation here - we all assume you are not serious. and filed that name yourself of course.
Big day for Ogg today given the latest Discovery prediction…
clown
11-05-2021, 08:45 AM
https://www.nzx.com/announcements/371965
mistaTea
11-05-2021, 08:51 AM
https://www.nzx.com/announcements/371965
Now we know who to blame for dumping shares and tanking the price!
winner69
11-05-2021, 09:01 AM
Now we know who to blame for dumping shares and tanking the price!
Have they seen no light at the end of the tunnel and given up hope of better times ahead
airedale
11-05-2021, 09:22 AM
The next question is...who has had the confidence to buy those shares?
mistaTea
11-05-2021, 09:56 AM
Have they seen no light at the end of the tunnel and given up hope of better times ahead
Could be! It could also be that they are required to trim Sky TV down because of rebalancing their portfolios.
Of course, as people dump Sky and the SP comes down you end up potentially needing to trim more and it can become a self-fulfilling prophecy.
Or perhaps they are like Ogg and are sick of waiting!
Have they seen no light at the end of the tunnel and given up hope of better times ahead
Imagine holding this stock for a decade while suffering huge losses only to sell out a few weeks before a takeover!
https://i.imgur.com/iMBfbPZ.gif
mistaTea
11-05-2021, 10:15 AM
Imagine holding this stock for a decade while suffering huge losses only to sell out a few weeks before a takeover!
https://i.imgur.com/iMBfbPZ.gif
I think I found your company mate.
https://en.wikipedia.org/wiki/Discovery_Limited
mistaTea
11-05-2021, 10:29 AM
Next announcement will be a trading halt.
Looks like I got that one wrong! Ha!
mistaTea
11-05-2021, 10:34 AM
This is Ogg arguing with me that I need to sell my Sky shares and move on with my life (I am Brad Pitt, of course).
https://www.youtube.com/watch?v=QTz7goOiwdo
Next announcement will be a trading halt.
I think I found your company mate.
https://en.wikipedia.org/wiki/Discovery_Limited
They don't sell fish bro!
airedale
11-05-2021, 11:47 AM
Next announcement will be a trading halt.
As Spark announce becoming a significant shareholder:cool:.
Alpha
11-05-2021, 02:13 PM
https://indianexpress.com/article/explained/explained-why-are-all-blacks-up-for-sale-to-private-equity-7308952/
Just some media. Random to find it on the Indian Express.
clown
11-05-2021, 04:15 PM
2:29:29 pm
2:29:29 pm
17.1
1,571,056
0.1
$268,650
1
Someone's topping up?
mistaTea
11-05-2021, 04:17 PM
2:29:29 pm
2:29:29 pm
17.1
1,571,056
0.1
$268,650
1
Someone's topping up?
Probably Ogg buying another block from Kiltearn in anticipation of his latest theory.
clown
11-05-2021, 04:17 PM
Probably Ogg buying another block from Kiltearn in anticipation of his latest theory.
Haha I guess anything is possible with Ogg
mistaTea
12-05-2021, 11:27 AM
https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/8185671
Which one is doing the negotiations with Sky Ogg?
Is it Pam?
LaserEyeKiwi
12-05-2021, 11:38 AM
https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/8185671
Which one is doing the negotiations with Sky Ogg?
Is it Pam?
"Truck Hire Service"
They really aiming high with a takeover offer one would think.
iamaskier
12-05-2021, 11:40 AM
https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/8185671
Which one is doing the negotiations with Sky Ogg?
Is it Pam?
TBH I was hoping it was going to be a good fish and chip shop. They're getting harder to find.
I reckon complimentary play, what's the point in Sky Sport without fish and chips? Genius by Discovery.
thebusinessman
12-05-2021, 12:10 PM
"Truck Hire Service"
They really aiming high with a takeover offer one would think.
How do you guys not see it? Didn't Sky recently get rid of some trucks...???
kevin
12-05-2021, 08:38 PM
Hi! Long time reader... Somehow I don't think Ogg has picked up on this article from Jan 22 which says Discovery NZ are "vacating the TV station’s offices and studio in the coming year"... Cue...
Takeover alert
Haha.
errornz
12-05-2021, 09:29 PM
Anyone else think Sky TV could be another NZME if it announces a dividend in the future? For that matter can anyone actually see them giving our a dividend or a share buy back?
FYI I currently hold 500k shares @ 15c average.
LaserEyeKiwi
12-05-2021, 10:24 PM
Anyone else think Sky TV could be another NZME if it announces a dividend in the future? For that matter can anyone actually see them giving our a dividend or a share buy back?
FYI I currently hold 500k shares @ 15c average.
Management have already said they will consider reinstating dividends in next financial year.
Management have already said they will consider reinstating dividends in next financial year.
could be some good money in being in the Crane hiring biz to deal with the announcements then .. ;)
maybe Ogg has that one already covered too ? ;)
Quantitative Easing
14-05-2021, 02:17 PM
https://www.nzherald.co.nz/sport/silver-lake-counter-kiwi-owned-investment-company-forsyth-barr-enters-battle-to-buy-into-new-zealand-rugby/GSBD4DYOYHS5ZMITT53I53DJJA/
We are at the end game now ladies and boys...Something oughta happen.
I hope they do a Nzx listing, imagine the number of individual investors that would buy shares in NZR. Likely this could then keep the game more popular and translate into more sky sport subscriptions.
I hope they do a Nzx listing, imagine the number of individual investors that would buy shares in NZR. Likely this could then keep the game more popular and translate into more sky sport subscriptions.
As an All Blacks fan I want them to keep the best players in NZ no matter what the cost. As an investor I want ROI. Unfortunately these things don't go hand in hand.
mistaTea
15-05-2021, 07:35 PM
https://www.nzherald.co.nz/business/netflix-outpaced-by-the-old-media-companies-it-sought-to-dethrone/KYUJUPH2AIGCBL34PZBMLTDU24/
Interesting read.
As much as I loved the thoughts on why it hadn't been listed yet
https://www.trademe.co.nz/a/property/commercial/sale/auckland/auckland-city/mount-wellington/listing/3093802622
Dlownz
15-05-2021, 10:44 PM
As much as I loved the thoughts on why it hadn't been listed yet
https://www.trademe.co.nz/a/property/commercial/sale/auckland/auckland-city/mount-wellington/listing/3093802622
Great news. Good to see it finally listed.
But it will not stock the endless takeover talk.
mistaTea
16-05-2021, 05:23 AM
As much as I loved the thoughts on why it hadn't been listed yet
https://www.trademe.co.nz/a/property/commercial/sale/auckland/auckland-city/mount-wellington/listing/3093802622
Interesting that it took 7 weeks to write 5 small paragraphs and take 11 photos.
Presumably more since when it was announced they had been choosen as the listing agent and had more than likely assessed. I doubt the board would list the properties without getting them appraised first.
Would be interesting to know how long the average commercial/industrial property is listed. Seeing my family sell a couple of lifestyle blocks in future urban areas recently, it wasn't quick and they were listed under 3 different agents over 2 years for one of the properties.
One roof had values for the two close to 20 million by memory, all comes down to what the eventual buyer intends to do and where they see percieved value.
Now all we need is some recent data on growth and subscriber stabilisation, hopefully with an update on broadband take up from their existing offering. Any idea if they are still only offering to the first group odf existing sky package holders?
Habits
16-05-2021, 06:21 AM
Would be interesting to know how long the average commercial/industrial property is listed
Sometimes luck of the draw. Mates resi land holding would not sell 3 years ago but last year flew off the shelf for an extra 2 mill
mistaTea
16-05-2021, 07:21 AM
Presumably more since when it was announced they had been choosen as the listing agent and had more than likely assessed. I doubt the board would list the properties without getting them appraised first.
Would be interesting to know how long the average commercial/industrial property is listed. Seeing my family sell a couple of lifestyle blocks in future urban areas recently, it wasn't quick and they were listed under 3 different agents over 2 years for one of the properties.
One roof had values for the two close to 20 million by memory, all comes down to what the eventual buyer intends to do and where they see percieved value.
Now all we need is some recent data on growth and subscriber stabilisation, hopefully with an update on broadband take up from their existing offering. Any idea if they are still only offering to the first group odf existing sky package holders?
Should get a lot more than $20M. I have seen crappy real estate a fraction of the size with asking prices of $7M+.
I believe sky are still just soft selling broadband to existing satellite subs that have expressed interest.
My sky broadband is live now but I haven’t been able to test it as I had to make an unexpected trip to christchurch. I get back today so will config my Nighthawk and see how fast it goes.
Habits
16-05-2021, 07:47 AM
This statement in the ad piqued my worry
"The improvements sit on separate cross-lease titles forming an approximate 81% (approx) total share of the underlying 2.6468 hectare title."
Only 81 percent means there is another 19 pct. We all probably know the eff ups you get with cross leases
LaserEyeKiwi
17-05-2021, 07:34 AM
Discovery to merge with AT&T owned WarnerMedia - probably puts the kibosh on any hypothetical discovery takeover offer for Sky in the short term.
(Also creates another streaming giant)
mistaTea
17-05-2021, 08:28 AM
Discovery to merge with AT&T owned WarnerMedia - probably puts the kibosh on any hypothetical discovery takeover offer for Sky in the short term.
(Also creates another streaming giant)
https://www.google.co.nz/amp/s/www.cnbc.com/amp/2021/05/16/att-in-advanced-talks-to-merge-warnermedia-with-discovery.html
Interesting development!
We don’t want Discovery to buy us for pennies on the dollar anyway mate.
We want to become a telco…
I'm done guys! I'm leaving the forum.
https://i.imgur.com/ktL7VzO.gif
Discovery effectively getting taken over by AT&T.
Sky's building being sold off!!!
CNN, HBO, Cartoon Network, Discovery, TV3....Basically all of Sky's content now owned by a single $150B company.
-Mediaworks gets taken over.
-Infratil gets taken over.
-Vocus gets taken over.
-2 degrees does IPOs
-NZRU gets taken over buy Silverlake.
-Discovery gets taken over.
Everything gets taken over but Sky. All my thoughts were crazy conspiracy theories. It's not even funny anymore.
I don't understand how the sharemarket works. I'm gonna cash out and get some dole money from Jacinda then head down to the local pokies because all I know apparently is how to push buttons.
mistaTea
17-05-2021, 08:46 AM
CNN, HBO, Cartoon Network, Discovery, TV3....Basically all of Sky's content now owned by a single $150B company.
Just think mate, if these idiots just got their thinking straight and bought Sky as well they could have a US$150.2 company!!!!
LOL (https://media1.tenor.com/images/88a616c90140cf9840a6060ceee6106d/tenor.gif?itemid=15186318).
Alpha
17-05-2021, 10:46 AM
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02375079-2A1298360?access_token=83ff96335c2d45a094df02a206a 39ff4
ASx just released this - Dereck's being buying up.
mistaTea
17-05-2021, 10:50 AM
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02375079-2A1298360?access_token=83ff96335c2d45a094df02a206a 39ff4
ASx just released this - Dereck's being buying up.
That sounds pretty close to the amount of shares Ogg said he has...
mistaTea
17-05-2021, 10:56 AM
I'm done guys! I'm leaving the forum.
https://i.imgur.com/ktL7VzO.gif
Discovery effectively getting taken over by AT&T.
Sky's building being sold off!!!
CNN, HBO, Cartoon Network, Discovery, TV3....Basically all of Sky's content now owned by a single $150B company.
-Mediaworks gets taken over.
-Infratil gets taken over.
-Vocus gets taken over.
-2 degrees does IPOs
-NZRU gets taken over buy Silverlake.
-Discovery gets taken over.
Everything gets taken over but Sky. All my thoughts were crazy conspiracy theories. It's not even funny anymore.
I don't understand how the sharemarket works. I'm gonna cash out and get some dole money from Jacinda then head down to the local pokies because all I know apparently is how to push buttons.
Mate, you'll be back (https://tenor.com/view/jakethemuss-youllbeback-youll-be-back-gif-7475180)...
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02375079-2A1298360?access_token=83ff96335c2d45a094df02a206a 39ff4
ASx just released this - Dereck's being buying up.
That looks super suspicious!
https://i.imgur.com/lrxwFQW.gif
Takeover must be 100% happening now.
Baa_Baa
17-05-2021, 11:08 AM
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02375079-2A1298360?access_token=83ff96335c2d45a094df02a206a 39ff4
ASx just released this - Dereck's being buying up.
Interesting thanks. No matter what people think of him, an ex-Director slaps $200,000 (1.125m shares) of his own money down on SKT shares when while he was a director only held 17,000 shares.
Interesting thanks. No matter what people think of him, an ex-Director slaps $200,000 (1.125m shares) of his own money down on SKT shares when while he was a director only held 17,000 shares.
Hmm and there I thought I should divest my SKT shares now that a takeover is less likely to happen and then this vote of "confidence".
As puzzling as Ogg's posts.
airedale
17-05-2021, 11:31 AM
Interesting thanks. No matter what people think of him, an ex-Director slaps $200,000 (1.125m shares) of his own money down on SKT shares when while he was a director only held 17,000 shares.
Very bizarre, Handley held almost no shares when he was a director, he eventually gets eased out of his seat on the board,, and now he stumps up a $200,000 "vote of confidence". Does this man still have an ear to the horse's mouth?
DownTownJr
17-05-2021, 11:34 AM
Very bizarre, Handley held almost no shares when he was a director, he eventually gets eased out of his seat on the board,, and now he stumps up a $200,000 "vote of confidence". Does this man still have an ear to the horse's mouth?
It does make you wonder. I don't have any cash on hand but it is tempting to sell some stock in favor of buying more Sky shares.
mistaTea
17-05-2021, 11:36 AM
It does make you wonder. I don't have any cash on hand but it is tempting to sell some stock in favor of buying more Sky shares.
I keep telling you guys, some kind of merger is on the cards!
My hunch is Vocus!
Very bizarre, Handley held almost no shares when he was a director, he eventually gets eased out of his seat on the board,, and now he stumps up a $200,000 "vote of confidence". Does this man still have an ear to the horse's mouth?
its very hard to believe that he does and this purchase is a result of any inside knowledge because if it is the dude will get crucified.
tho it definitely looks that way I doubt its anything other than someone who knows the business taking a punt. but it still a positive of course but just not that way.
Shareguy
17-05-2021, 11:53 AM
This is good news. I have just added to my position this morning.
its very hard to believe that he does and this purchase is a result of any inside knowledge because if it is the dude will get crucified.
tho it definitely looks that way I doubt its anything other than someone who knows the business taking a punt. but it still a positive of course but just not that way.
Look at the buying actively. It's not just one purchase, it's a mad rush to accumulate at inflated prices! He's was paying high 17's and 18's. It's constant buying. He's probably still buying!
What kind of director holds 17,000 shares for 7 years, then goes out and buys up big a few weeks after getting "let go" for unknown reasons.
He's investing long term for the dividends!
Yeah right.
https://i.imgur.com/iMBfbPZ.gif
winner69
17-05-2021, 11:54 AM
What’s weird is that on 21 January a Final Directors Interest Notice was filed ...Derek had left the ship
Then why the need for today’s disclosure (did say previous one was last June so maybe at Sky is a bit confused)
Really weird
What’s weird is that on 21 January a Final Directors Interest Notice was filed ...Derek had left the ship
Then why the need for today’s disclosure (did say previous one was last June so maybe at Sky is a bit confused)
Really weird
https://www.sky.co.nz/documents/117005/718642/MK_CorporateGovernance_Sky_Securities_Trading_Poli cy.pdf/e77fd525-ed7e-3cb5-aa6b-3c310761a1ef?t=1602032411876
"Disclosure obligations apply for a period of six months after the date on which a person ceases to be a director or Senior Manager. "
winner69
17-05-2021, 12:44 PM
https://www.sky.co.nz/documents/117005/718642/MK_CorporateGovernance_Sky_Securities_Trading_Poli cy.pdf/e77fd525-ed7e-3cb5-aa6b-3c310761a1ef?t=1602032411876
"Disclosure obligations apply for a period of six months after the date on which a person ceases to be a director or Senior Manager. "
Thanks ......
Getty
17-05-2021, 12:45 PM
Look at the buying actively. It's not just one purchase, it's a mad rush to accumulate at inflated prices! He's was paying high 17's and 18's. It's constant buying. He's probably still buying!
What kind of director holds 17,000 shares for 7 years, then goes out and buys up big a few weeks after getting "let go" for unknown reasons.
He's investing long term for the dividends!
Yeah right.
https://i.imgur.com/iMBfbPZ.gif
He knows the company will be much better without him, and mentions of trucks have got him excited.
We know what he did with his last one...
Thanks ......
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/248099/190819.pdf
His last "on market" acquisition was in 2014. $24,000 worth.
Buys 10x that amount weeks after being let go.
https://i.imgur.com/iMBfbPZ.gif
Thanks ......
He bought on the 3rd of Feb, so there should have been a disclosure to the market for relevant interest by the 5th Feb.
Me looking for that on NZX...
https://i.imgur.com/GQLhgU2.gif
It's obvious he doesn't know about the 6 month rule and got busted!
https://i.imgur.com/iMBfbPZ.gif
Did he hand in is resignation so that he could buy up big?
https://i.imgur.com/lrxwFQW.gif
Balance, get in here bro and say something!
Baa_Baa
17-05-2021, 01:01 PM
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/248099/190819.pdf
His last "on market" acquisition was in 2014. $24,000 worth.
Buys 10x that amount weeks after being let go.
From that measly 4000 shares since 2014 he also picked up 13,584 @ $0.12 in the entitlement offer 16 June 2020. So all in all it would appear that he had no confidence using his own money (a wise choice when you look at what the SP did 2014-2020) ... then slaps down $200,000 now! Has to know something (good) eh?
Must have noticed the lovely SP uptrend in place since the entitlement offer, albeit creating a huge overhang of shares that are now near 50% in the money.
Another large off market transfer.
Crazy stuff happening all over the place.
Just me talking to myself in this thread.
Topagent
17-05-2021, 01:14 PM
It’s fun reading this thread :) I’ve bought some more today but no 2,000,000 lol
It’s fun reading this thread :) I’ve bought some more today but no 2,000,000 lol
Probably the biggest news day on here without there being news:
1. Buildings finally get listed.
2. Discovery and WarnerMedia merge.
3. Handley (with an interesting history on sharetrader) buys up big on market.
You'd only know about this by lurking here.
LEMON
17-05-2021, 01:32 PM
Will we see Kiltearn no longer pushing the SP down with the selling of shares finally?
Will we see Kiltearn no longer pushing the SP down with the selling of shares finally?
Handley will soak them all up...
https://i.imgur.com/iMBfbPZ.gif
Probably the biggest news day on here without there being news:
1. Buildings finally get listed.
2. Discovery and WarnerMedia merge.
3. Handley (with an interesting history on sharetrader) buys up big on market.
You'd only know about this by lurking here.
The buildings got listed?
The buildings got listed?
https://www.trademe.co.nz/a/property/commercial/sale/auckland/auckland-city/mount-wellington/listing/3093802622
Wake up buddy! Sh*t moves fast on here.
mikelee
17-05-2021, 01:46 PM
Are we able to see these buy/sell details on ASB security? Or do you guys have access to something else? Ta.
Are we able to see these buy/sell details on ASB security? Or do you guys have access to something else? Ta.
Not with ASB.
20min delays info here though:
https://stocknessmonster.com/quotes/skt.nzx/
mikelee
17-05-2021, 02:39 PM
wow, it's so much better than ASB, cheers.
Dlownz
17-05-2021, 02:47 PM
Think I'll have to work out if Derek's in a profit or loss at the mo.
Think I'll have to work out if Derek's in a profit or loss at the mo.
Derek's Position:
Shares
Cost
4000
24800
17584
1630.08
29311
4982
41038
7468
39579
7480
138000
24840
138000
24564
13592
2487
292000
49289
144500
24565
144000
24912
145000
24650
Total:1146604
221667.08
19.3c average
Dlownz
17-05-2021, 03:23 PM
Derek's Position:
Shares
Cost
4000
24800
17584
1630.08
29311
4982
41038
7468
39579
7480
138000
24840
138000
24564
13592
2487
292000
49289
144500
24565
144000
24912
145000
24650
Total:1146604
221667.08
19.3c average
Thanks. Saves me from doing it.
biker
17-05-2021, 03:47 PM
Deleted Message
Deleted Message
Average is 17.2 if you ignore the first purchase. He's at break even.
mistaTea
17-05-2021, 04:32 PM
Average is 17.2 if you ignore the first purchase. He's at break even.
Break even…I could only dream…
https://i.imgur.com/65rLHp3.jpg
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/365953/338517.pdf
"Mr Handley has now chosen to reduce his board and advisory roles to focus on more hands-on engagements and projects"
Decides to focus on other projects, like buying SKY shares.
https://i.imgur.com/iMBfbPZ.gif
Guild
17-05-2021, 05:24 PM
Perhaps he got them as part of the deal to go quietly
mistaTea
17-05-2021, 05:24 PM
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/365953/338517.pdf
"Mr Handley has now chosen to reduce his board and advisory roles to focus on more hands-on engagements and projects"
Decides to focus on other projects, like buying SKY shares.
https://i.imgur.com/iMBfbPZ.gif
He is buying up as many shares as he can so that he can vote for the Sky-Vocus merger.
Or as I prefer to call it - ‘Skocus’
Perhaps he got them as part of the deal to go quietly
https://i.imgur.com/wsH43nL.jpg
He is buying up as many shares as he can so that he can vote for the Sky-Vocus merger.
Or as I prefer to call it - ‘Skocus’
https://www.sky.co.nz/documents/117005/718642/MK_CorporateGovernance_TakeoverProtocol.pdf/3a86e4ac-05a5-434f-8985-d7c9ea4f5281?t=1602032410558
We could be in PROTOCOL B!
https://i.imgur.com/IUB28Az.jpg
mistaTea
17-05-2021, 05:44 PM
https://www.sky.co.nz/documents/117005/718642/MK_CorporateGovernance_TakeoverProtocol.pdf/3a86e4ac-05a5-434f-8985-d7c9ea4f5281?t=1602032410558
We could be in PROTOCOL B!
https://i.imgur.com/IUB28Az.jpg
Highly likely!!
Highly likely!!
Buy another 2m shares here bro!
Unlike the other disclosures, the Handley disclosure is not authorised, as he's no longer a director. In other words, he didn't need permission to buy.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/372318/346091.pdf
The last authorised purchase was Philip Bowman on the 8th March.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/368770/341940.pdf
It's been 10 weeks since the last director traded on market.
Either no director is interested in buying/selling, or PROTOCOL B is happening. Or neither is happening, in which case it would seem weird that 10 weeks has gone by without trades.
mistaTea
17-05-2021, 06:04 PM
Unlike the other disclosures, the Handley disclosure is not authorised, as he's no longer a director. In other words, he didn't need permission to buy.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/372318/346091.pdf
The last authorised purchase was Philip Bowman on the 8th March.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/368770/341940.pdf
It's been 10 weeks since the last director traded on market.
Either no director is interested in buying/selling, or PROTOCOL B is happening. Or neither is happening, in which case it would seem weird that 10 weeks has gone by without trades.
I got so scared when you said you were leaving the forum mate!
Who else would be ‘on the level’ with me!
Don’t do that to me you MONSTER!
I got so scared when you said you were leaving the forum mate!
Who else would be ‘on the level’ with me!
Don’t do that to me you MONSTER!
I was writing to admin to close my account.
Then the Handley announcement came.
https://i.imgur.com/iMBfbPZ.gif
RupertBear
17-05-2021, 06:17 PM
]I was writing to admin to close my account.[/B]
Then the Handley announcement came.
https://i.imgur.com/iMBfbPZ.gif
:scared: NO dont leave us Ogg!
mistaTea
17-05-2021, 06:23 PM
:scared: NO dont leave us Ogg!
MissusTea has begun yelling out ‘Oggggg!’ during coitus.
I’m sure it’s nothing…
DownTownJr
17-05-2021, 06:39 PM
I mean half the reason why I own SKT shares is so I can come here every day to read OGGs comments. Sky being a good stock to purchase right now is just a added bonus.
:scared: NO dont leave us Ogg!
I mean half the reason why I own SKT shares is so I can come here every day to read OGGs comments. Sky being a good stock to purchase right now is just a added bonus.
https://i.imgur.com/doZQEXD.gif
Just saw the first TV ad for Sky broadband.
Website is live too:
https://broadband.sky.co.nz/
Discovery up 13% in premarket from the takeover announcement.
https://i.imgur.com/9R3sxjH.jpg
https://www.trademe.co.nz/a/property/commercial/sale/auckland/auckland-city/mount-wellington/listing/3093802622
Price indication on trademe is $10m.
That's about as much as your gonna get from these run down sh*tty cross lease buildings.
Could of been worth $50m if it was in the Terrance and Apartment zone in AUP.
DownTownJr
17-05-2021, 09:11 PM
I also received a email promo from Sky today for their Sky broadband. Looks good. I will be looking at switching over.
WIFiGuy
https://i.imgur.com/aAFg5qQ.jpg
https://i.imgur.com/YmfbeRF.jpg
https://www.sky.co.nz/documents/117005/718642/MK_CorporateGovernance_Sky_Securities_Trading_Poli cy.pdf
The FMCA requires directors of Sky to disclose Relevant Interests to NZX within five trading days.
https://www.legislation.govt.nz/act/public/1988/0234/latest/DLM140932.html#DLM140932
What's the deal here? Are they just letting this slip? He broke the law.
No explanation given as to why? Did he just not know? If so, they should say so it's on record.
https://i.imgur.com/GQLhgU2.gif
Habits
17-05-2021, 10:27 PM
https://www.trademe.co.nz/a/property/commercial/sale/auckland/auckland-city/mount-wellington/listing/3093802622
Price indication on trademe is $10m.
That's about as much as your gonna get from these run down sh*tty cross lease buildings.
Could of been worth $50m if it was in the Terrance and Apartment zone in AUP.
And what if it was freehold not FH-crosslease, then the owner can actually redevelop the land. Crosslease is a huge handbrake. Who would want that
Greekwatchdog
18-05-2021, 06:02 AM
AT & T announce $43b merge Warner Bro with Discovery
https://www.cnbc.com/2021/05/17/att-to-combine-warnermedia-and-discovery-assets-to-create-a-new-standalone-company.html
mistaTea
18-05-2021, 06:22 AM
https://www.trademe.co.nz/a/property/commercial/sale/auckland/auckland-city/mount-wellington/listing/3093802622
Price indication on trademe is $10m.
That's about as much as your gonna get from these run down sh*tty cross lease buildings.
Could of been worth $50m if it was in the Terrance and Apartment zone in AUP.
Lol.
If they sell it for $10M…we riot…
Habits
18-05-2021, 09:26 AM
Lol.
If they sell it for $10M…we riot…
Waste of time riot or complaining then. Start now with emails to directors and sophie... because once they sign there is no going back
mistaTea
18-05-2021, 09:41 AM
Waste of time riot or complaining then. Start now with emails to directors and sophie... because once they sign there is no going back
I don't see where it has a price guide of $10M.
It will just be Ogg stirring the pot :D
Habits
18-05-2021, 09:45 AM
I don't see where it has a price guide of $10M.
It will just be Ogg stirring the pot :D
Major transactions – your obligations as a director — Bell Associates
https://www.bellassociates.co.nz/latest-news/2018/8/12/b94m7ikhq9zhgkvdhs0el1oox2fvsf
Major transaction defined
A major transaction is where a company purchases or sells assets or incurs an obligation that has a value of greater than half of the company’s existing assets. For example, if a company was created to own a dairy farm and it subsequently sells the farm, this would constitute a major transaction as the farm was a significant company asset.
Requirements of major transactions
A major transaction must be approved by special resolution, which requires a majority of 75% of the shareholders of a company to approve the transaction.
A company cannot avoid the major transaction provisions set out in the Act; however, it can add requirements for passing a major transaction under its company constitution. For example, a company constitution could state that 80% of shareholder votes are required for a special resolution in relation to major transactions rather than 75% as provided for in the Act.
I don't see where it has a price guide of $10M.
It will just be Ogg stirring the pot :D
You have to sort all properties by price, then go through the listing and find where it sits compared to other properties that have shown asking pricing. Then roughly guess where it sits. It's easier to do with residential property, commercial a lot harder.
Good article:
https://www.cnbc.com/2021/05/17/warnermedia-discovery-deal-pressures-viacomcbs-and-nbcuniversal.html
In the words of the great Tom Lehrer, “Who’s Next?”
mistaTea
18-05-2021, 10:25 AM
https://www.nzherald.co.nz/business/the-spinoff-a-blockbuster-media-deal-could-tie-three-up-with-cnn-and-hbo/B54GHPKSM3E452Q2AB3NIRMF4E/
Discovery closed down 5% last night
https://i.imgur.com/iMBfbPZ.gif
The deal creates a huge debt pile for the newly created entity.
Can they compete with Netflix and Disney?
Stock under pressure from sceptics selling out.
mistaTea
18-05-2021, 10:30 AM
Good article:
https://www.cnbc.com/2021/05/17/warnermedia-discovery-deal-pressures-viacomcbs-and-nbcuniversal.html
In the words of the great Tom Lehrer, “Who’s Next?”
Viacom should just buy Sky Network Television mate so that they can instantly have the scale to compete against Netflix.
https://media1.tenor.com/images/88a616c90140cf9840a6060ceee6106d/tenor.gif?itemid=15186318
https://www.nzherald.co.nz/business/the-spinoff-a-blockbuster-media-deal-could-tie-three-up-with-cnn-and-hbo/B54GHPKSM3E452Q2AB3NIRMF4E/
"the merger of these assets creates a new media company with scope which looks eerily similar to Sky's"
https://i.imgur.com/iMBfbPZ.gif
mistaTea
18-05-2021, 10:32 AM
Once Sky become the AT&T of NZ through their link up with Vocus all will be well.
mistaTea
18-05-2021, 10:33 AM
"the merger of these assets creates a new media company with scope which looks eerily similar to Sky's"
https://i.imgur.com/iMBfbPZ.gif
Yes that is probably the most Cage-worth line I have read all year.
airedale
18-05-2021, 10:40 AM
https://www.nzherald.co.nz/business/the-spinoff-a-blockbuster-media-deal-could-tie-three-up-with-cnn-and-hbo/B54GHPKSM3E452Q2AB3NIRMF4E/
Maybe Handley knows {or guesses} something about the direction this merger could favourably affect Sky Tv.
Maybe Handley knows {or guesses} something about the direction this merger could favourably affect Sky Tv.
https://i.imgur.com/8ewWx6E.jpg
LaserEyeKiwi
18-05-2021, 11:37 AM
Discovery & WarnerMedia (like Disney & Netflix) are big content producers. Sky doesn’t really fit into their model as it doesn’t really create anything that has exclusive IP control. It actually fits more into Disney’s wheelhouse with its production of sports content (Disney is the largest sports rights holder & broadcaster in the world) RugbyPass would possibly work well as content for the global rollout of ESPN+ steaming service.
(Though I can’t see Disney making an offer any time soon)
Discovery, WarnerMedia Merger Will Get a New Company Name
Zaslav also made sure to emphasize that Discovery would not be ignoring its own companies in the lead-up to the merger. "Until the deal closes we will fight to build the best Discovery on a parallel track"
https://www.cbr.com/warnermedia-discovery-merger-new-company-name/
A new company name for me to search on the NZ Companies Website
https://i.imgur.com/iMBfbPZ.gif
mistaTea
18-05-2021, 11:45 AM
Discovery & WarnerMedia (like Disney & Netflix) are big content producers. Sky doesn’t really fit into their model as it doesn’t really create anything that has exclusive IP control. It actually fits more into Disney’s wheelhouse with its production of sports content (Disney is the largest sports rights holder & broadcaster in the world) RugbyPass would possibly work well as content for the global rollout of ESPN+ steaming service.
(Though I can’t see Disney making an offer any time soon)
Yes, comparing Sky TV with the likes of Warner is apples and oranges.
Sky's relevance persists so long as the bundle is the most cost effective and convenient way for consumers to access the content they want.
In that light, M&A between the big content producers is not a big threat to Sky. We are already going down the co-exclusive path anyway for content rights. It would be ideal if we can keep the HBO contract on an exclusive basis when we next renew, but that would depend on how much $$$ they expect next time around for exclusivity.
I don't see Sky selling RP with sport (and rugby in particular) being so important. Covid has had a big negative impact on the platform but there are brighter days ahead and I am still optimistic in the long term potential of the platform. It certainly helps Sky with their 'scale' problem, if they can make it a success.
More off market trades.
Jesus Christ, just buy it all up already.
https://i.imgur.com/eEgLXVv.gif
All of these off market trades happen around the same time
Between 9am - 10am Singapore time! (https://letmegooglethat.com/?q=Discovery+Networks+Asia-Pacific+Pte+Ltd)
https://s27.q4cdn.com/187472364/files/doc_presentations/2021/ATT-Discovery-WM-05172021-FINAL.pdf
https://investors.att.com/~/media/Files/A/ATT-IR/events-and-presentations/final-t-disca-transcript-2021-05-17-with-legends.pdf
I expect a report on this by 9pm mistaTea.
Monarch
18-05-2021, 03:46 PM
This merger appears to concentrate the % of sky's content held by a single entity, and this new entity is now signalling their intent to pursue a direct to consumer strategy. If this is true, has it just become even riskier to hold sky?
This merger appears to concentrate the % of sky's content held by a single entity, and this new entity is now signalling their intent to pursue a direct to consumer strategy. If this is true, has it just become even riskier to hold sky?
Correct. Unless Comcast buys Sky, then Discovery will have to find another 1m customers to keep up.
Habits
18-05-2021, 04:15 PM
Correct. Unless Comcast buys Sky, then Discovery will have to find another 1m customers to keep up.
Despite that or because of it, the SP is up 1.2 pct to 17.4 each on higher than avg volume 5.7m shares already
Despite that or because of it, the SP is up 1.2 pct to 17.4 each on higher than avg volume 5.7m shares already
5m of those 5.7m shares are from Mr Singapore.
Alpha
18-05-2021, 04:46 PM
Didnt Ogg post a job offering out of Singapore for the new settop box>
https://jobs.discovery.com/job/Singapore-Technical-Program-Manager-II-138562/734063100/
bulyak
18-05-2021, 04:59 PM
Geeze. Dont really follow this thing that closely. But let me get this straight. The company has a mkt cap of 300 Million, no debt and EBITDA of 40 Million for the 6 months ending 31 December. Is now offering broadband to increase stickiness of service, while also developing an inhouse streaming service via its satellite service not using Chrous or Vocus broadband which it might flip to once there is enough customer acquisition in place to pay for more R&D. On top of that, its has the international rights to televise the All Blacks, the golden gem that the owners of UFC thought they could steal from NZRU. Post Covid scare factor, when more sports are on the cards and live TV advertising is back with more international test rugby. Crikey.... This thing is crazy undervalued. The market cap on this should be at least 15 times EBITDA before all this other stuff plays out. I value this thing at a minimum of 1.2 billion or .80 cent a share. And then through in all the opportunities of growth. Yeh, I'm not surprised the big boys in US arent all over this.
I value this thing at a minimum of 1.2 billion or .80 cent a share.
https://i.imgur.com/iMBfbPZ.gif
Didnt Ogg post a job offering out of Singapore for the new settop box>
https://jobs.discovery.com/job/Singapore-Technical-Program-Manager-II-138562/734063100/
Looks like the job offering has been relisted again.
mistaTea
18-05-2021, 05:16 PM
Geeze. Dont really follow this thing that closely. But let me get this straight. The company has a mkt cap of 300 Million, no debt and EBITDA of 40 Million for the 6 months ending 31 December. Is now offering broadband to increase stickiness of service, while also developing an inhouse streaming service via its satellite service not using Chrous or Vocus broadband which it might flip to once there is enough customer acquisition in place to pay for more R&D. On top of that, its has the international rights to televise the All Blacks, the golden gem that the owners of UFC thought they could steal from NZRU. Post Covid scare factor, when more sports are on the cards and live TV advertising is back with more international test rugby. Crikey.... This thing is crazy undervalued. The market cap on this should be at least 15 times EBITDA before all this other stuff plays out. I value this thing at a minimum of 1.2 billion or .80 cent a share. And then through in all the opportunities of growth. Yeh, I'm not surprised the big boys in US arent all over this.
Well I wanted a buck a share but ok you drive a hard bargain! 80c/share will have to do!
bulyak
18-05-2021, 05:27 PM
Ha. Fair enough. Dont take myself to serious. it does seem odd that it is currently valued at 3.75 X Profit. Me grandpapies fush n chups shop had a better valuation model then that.
mistaTea
18-05-2021, 05:30 PM
Ha. Fair enough. Dont take myself to serious. it does seem odd that it is currently valued at 3.75 X EBITDA. Me grandpapies fush n chups shop had a better valuation model then that.
I think you are confusing EBITDA with owner earnings.
EBITDA projected to be around $150M so current MC only 2x.
bulyak
18-05-2021, 05:42 PM
Seriously. Holy ****. Thankyou Mr T. So what am i missing. Is the NZX just full of boomers that that got rich milking cows or selling their wife's family farm! Followed by 2 institutional investors. The Superfund and ACC. Is there something fundamentally wrong with this company that is baked into it. Or did some investors get their feelings hurt when it reported bad earnings like 18 months ago.
mistaTea
18-05-2021, 05:52 PM
Seriously. Holy ****. Thankyou Mr T. So what am i missing. Is the NZX just full of boomers that that got rich milking cows or selling their wife's family farm! Followed by 2 institutional investors. The Superfund and ACC. Is there something fundamentally wrong with this company that is baked into it. Or did some investors get their feelings hurt when it reported bad earnings like 18 months ago.
Mr Market has been very tough on Sky since the Vodafone merger got blocked.
Even though they have taken giant leaps forward, stabilised the customer base and earnings, brought costs under control…nothing has changed Mr Markets view.
You can currently by the business for around 4x FCF. I can’t think of any other business that offers that.
Any news is automatically deemed bad news for Sky. Discovery-Warner merger - must definitely be catastrophic for Sky. SL buying a slice of NZR commercial arm - absolutely has to be fatal to Sky. No other possible ways it could pay out.
Good news like growth in streaming, stabilisation of sky box base, revenue diversification…ahhh, just too little too late. Might hold earnings short term but the business is still doomed.
I think I have summed it up, pretty much.
Not a lot of rational thought imho!
bulyak
18-05-2021, 06:04 PM
Interesting. Those mega mergers have absolutely no impact on a small player like SKT. They couldnt care two bits about a distributor like SKT in a market of 5milion. It was interesting how Spark completely failed at distribution. It is not as easy as people think. The SKT distribution network is next level and proven. I read somewhere that 30-40% of all houses have one of those dishes on it. Oh well, it has got to bounce back at some stage. There is only 50 companies on the NZX. Ha.... Retirement money has got to go somewhere.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/372318/346091.pdf
Was reading Handley's disclosure again. His orders show fractional shares. There's only one broker that offers that service I know of...
Sharesies
https://i.imgur.com/iMBfbPZ.gif
Here's the math proving it:
29,311.764705 shares X 0.17 = $4,982.99 (add $15 for first $3000 = $4,997.99, then add the remaining fee cost which is .01% X $1,982.99 = $1.98, then add fee to the total = $4,999.97. In other words that was a $5k sharesis order.
Think about that. An ex director of a company placing orders through sharesies!
https://i.imgur.com/lrxwFQW.gif
No wonder this muppet forgot to disclose.
Unless he thought Sharesies would be less suspicious as it's held through a custodial and not individual name.
I'm still waiting for an explanation as to why he disclosed late.
https://i.imgur.com/GQLhgU2.gif
mistaTea
18-05-2021, 10:06 PM
Unless he thought Sharesies would be less suspicious as it's held through a custodial and not individual name.
I'm still waiting for an explanation as to why he disclosed late.
https://i.imgur.com/GQLhgU2.gif
There is only one possible reason.
He was trying to amass a large ownership stake quietly so that he can vote for the discovery takeover that you keep assuring us is…imminent.
Powered by vBulletin® Version 4.2.5 Copyright © 2024 vBulletin Solutions Inc. All rights reserved.