SKT Sky Network Television Limited.

[Sideshow Bob]

So glad I still have the old box. That said, I still have the subscription too which is inertia on my part...

I had been planning to hold on to the old box for as long as possible, but the burning small indicated it was fried.....;)

Quite alot of Sky inertia in our house too......

[blackcap]

I had been planning to hold on to the old box for as long as possible, but the burning small indicated it was fried.....;)

Quite alot of Sky inertia in our house too......

Ahha, I misinterpreted your post. I thought your new box was already smouldering..... yeah the SKY inertia is a terrible thing. If that were gone, I think SKY would be in a huge amount of bother...

[Entrep]

lol, if I need to return my old box because it breaks and can't get another old box, I will just cancel and buy the Sports Pass thingee for much cheaper.

[mikelee]

Surprised that no one here comment on the SP heading north towards $2.90 :)

[Moneyman]

We must be due an update soon? I suspect the AGM is a deadline for the deal otherwise the Board will be asked multiple questions.

[Balance]

Surprised that no one here comment on the SP heading north towards $2.90 :)

Those with stock are happy and waiting for the action to unfold.

Those without stock or have sold out are wondering why they did do? And perhaps wondering why they were so negative for one of the cheapest stocks on the NZX.

[sb9]

Could break into $3 range soon…

[Leemsip]

Dont make me repeat the baseless rumour I started earlier
($3.50 + special div).

[Balance]

Dont make me repeat the baseless rumour I started earlier
($3.50 + special div).

Still too cheap?

Everytime the sp goes up 1c, MT’s heart loses 1 beat every minute?

[errornz]

Hey MT, would you be up 6 figures if you had held on?

[Sideshow Bob]

Interim CFO is in.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/420727/406078.pdf

Would the fact that a member of senior management is allowed to buy, have any meaning for their takeover situation??

[Leemsip]

Decent amount as well... $120kish. Sign of confidence.

It would indicate to me that there is no ongoing buy out discussions for now..... He would be involved in these (surely) and so unable to purch shares...

[Mel]

Decent amount as well... $120kish. Sign of confidence.

It would indicate to me that there is no ongoing buy out discussions for now..... He would be involved in these (surely) and so unable to purch shares...
I agree - following that logic through, SKT should be updating the market accordingly - i.e. that the offer is no longer on the table.

[Balance]

Interim CFO is in.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/420727/406078.pdf

Would the fact that a member of senior management is allowed to buy, have any meaning for their takeover situation??

It’s a disclosure of his existing shareholding - required given his appointment as Acting CFO. Not recent buying.

[Entrep]

Still too cheap?

Everytime the sp goes up 1c, MT’s heart loses 1 beat every minute?

A heart beat would go up to indicate stress, not down.

[Mel]

It’s a disclosure of his existing shareholding - required given his appointment as Acting CFO. Not recent buying.
That makes sense, thanks for clarifying.

[Leemsip]

It’s a disclosure of his existing shareholding - required given his appointment as Acting CFO. Not recent buying.

Good catch

[Balance]

Could break into $3 range soon…

Within striking distance now of $3.00!

Go you good thing!!!!!!:t_up:

[winner69]

Within striking distance now of $3.00!

Go you good thing!!!!!!:t_up:

Always good buying around 12/14 cents eh Balance

Go you good thing :t_up::t_up::t_up:

[Sideshow Bob]

Where there is smoke, is there fire.....??

Even though proposal was "highly preliminary, incomplete and confidential" as well as "highly conditional and non-binding".

[Sideshow Bob]

Sky Box sh@t itself during the All Black/Ireland match the other weekend (thankfully could still watch, otherwise......). Burning smell and the hard drive is gone - so no recording, no pausing, almost impossible to use the planner etc.

Wife has been dealing with Sky, and mostly have been reasonably OK/good, except that we still waiting for a replacement. Part of the delay is that the old box has been 'discontinued' and on to the new box. So they had to get approval to send out a new box.

Have a bit of trepidation given the reviews. Said here I wasn't going to pay for the new box and little interest in it, but ended up with one anyway......:mellow:

Will report in once it finally turns up (we chose to self-install) and can use it.

Replacement box doesn't work.

No Sky technician until next Wednesday.

Call centre been good, and credited us but annoying.

Now can't log in to Sky Sport Now.....

[nztx]

Thoughts for likes of our Meme master who couldn't stand the pressure of a long wait .. shame :)

[Baa_Baa]

...................

[errornz]

Would love to get OGG’s thoughts on this.

[airedale]

Did you have to pay for the new box.The old box had a long life and would be replaced if there was a problem.

[Sideshow Bob]

Did you have to pay for the new box.The old box had a long life and would be replaced if there was a problem.

No didn't pay for the new box. Old one worked for a while (no record, no guide, no pause etc) but since then completely kaput.

[Moneyman]

Safe to assume no update now until the AGM next week?

[riditopp]

bid was too low: https://www.nzx.com/announcements/421232

[winner69]

Told to bugger off ……..There will be another offer …one day

Sophie keeps her job

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/421232/406653.pdf

[Entrep]

Balance you sold the top last week right?

[Sideshow Bob]

Todays AGM addresses and presos

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/421276/406699.pdf
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/421276/406700.pdf
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/421276/406701.pdf
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/421276/406702.pdf

2024 guidance unchanged.

[Balance]

Balance you sold the top last week right?

Such is life, Entrep.

Going for the ride - cannot get them right all the time, hope most of the time, right?

Got to have a bit of takeover excitement once in a while in one’s portfolio.

[Balance]

Told to bugger off ……..There will be another offer …one day

Sophie keeps her job

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/421232/406653.pdf

One just hope it wasn't one of those reverse Trojan Horse set up where some funds got out by selling into the proposed NBIO via the NBIO being from a 'friendly to funds' party?

[haewai]

..............

[Entrep]

1. Wonder how much this being a year with both Cricket and Rugby WC makes a difference.

2. "FY24 - Roll out new Sky experience"... worrying.

3. Why are they in a "significantly improved rights negotiating position"?

[Bjauck]

Presumably the directors can no longer buy or sell SKT shares, unless they disclose to other shareholders the price and conditions, at which the offer was made.

“Yesterday Sky received an updated NBIO from the third party (which remained highly conditional and non-binding), proposing a transaction at a value range which falls short of the Board’s view of the fair intrinsic value of Sky and, based on recent unsolicited feedback, the view of a number of Sky’s institutional shareholders”

Reading that release, I am supposing that the SKT board was happy for details of the offer to be revealed to certain large shareholders who gave the “unsolicited feedback” but not to individual shareholders.

[haewai]

Don't need to know the offer to give unsolicited feedback about fair intrinsic valuation

[Sideshow Bob]

3. Why are they in a "significantly improved rights negotiating position"?

Spark Sport.

[snigmac]

Wonder if MT can give intel on what has unraveled?

[mistaTea]

Wonder if MT can give intel on what has unraveled?

I am not privy to any inside information, so no no intel from me.

All I will say is that I was critical of them releasing to market that they had been approached when, according to the board, the discussions were very early.

You don’t do business that way - get the punters excited to pump the price so that the bidder will walk away.

The Board, Sophie et al keep their jobs this way. But who would ever want to put in a bid to buy sky now? If this is how they will treat you?

Anyway, onwards and upwards. If they can’t sell the business for whatever they perceive intrinsic value to be then, if I was an owner, I would want to know what the (good) plan is to diversify revenue streams.

In the meantime, satellite base will continue to erode in favour of cheaper streaming options.

[Bjauck]

Don't need to know the offer to give unsolicited feedback about fair intrinsic valuation
Sure. However the wording of the release was that the recent feedback was in relation to the undisclosed offer price and terms. Well, unknown to those other than perhaps the big shareholders who gave their “unsolicited” feedback…

[Bjauck]

I am not privy to any inside information, so no no intel from me.

All I will say is that I was critical of them releasing to market that they had been approached when, according to the board, the discussions were very early.

You don’t do business that way - get the punters excited to pump the price so that the bidder will walk away.

The Board, Sophie et al keep their jobs this way. But who would ever want to put in a bid to buy sky now? If this is how they will treat you?

Anyway, onwards and upwards. If they can’t sell the business for whatever they perceive intrinsic value to be then, if I was an owner, I would want to know what the (good) plan is to diversify revenue streams.

In the meantime, satellite base will continue to erode in favour of cheaper streaming options. As a shareholder I would love to know what they rejected and by how much it varied from the current share price. Aren’t all shareholders the ones to judge whether or by how much it fell short of the value they place on their shares?

[Baa_Baa]

I'm very happy with the results and the outlook to 2026 that's showing confidence. This has turned into quite the turnaround story, even good to see the Chair display SP performance relative to the NZX50.

Lucky that Sophie is pleased with performance, excited for the future, animated in her presentation, to offset the rather dour Chair, does he ever crack a smile! Although he did handle the inane questions pretty well I thought, given that a couple of them were repeats of questions at the previous meetings, including that poor woman who is still aggrieved by the consolidation and think that somehow relates to her pitiful dividend, LOL. And the 'how many of the Board live in NZ' question, OMG, frankly surprised the Chair didn't give them a good slapping.

Buy-back restarting, that's good. Lots to like about SKT now imo, a good solid LT hold from here.

[Leemsip]

Agree. I’m happy with the company. Lots to like and a core holding for me on the improve, with a buy back and a shelved takeover offer.

If I had any funds……

[mikelee]

I'm also glad that the board is short sighted and risk regretting later. As long as the cashflow is good enough to generate decent return to investors ie. on par with current TD of 5-6%, then I'm happy to hold on and not part with any of my shares.

[errornz]

I am not privy to any inside information, so no no intel from me.

All I will say is that I was critical of them releasing to market that they had been approached when, according to the board, the discussions were very early.

You don’t do business that way - get the punters excited to pump the price so that the bidder will walk away.

The Board, Sophie et al keep their jobs this way. But who would ever want to put in a bid to buy sky now? If this is how they will treat you?

Anyway, onwards and upwards. If they can’t sell the business for whatever they perceive intrinsic value to be then, if I was an owner, I would want to know what the (good) plan is to diversify revenue streams.

In the meantime, satellite base will continue to erode in favour of cheaper streaming options.

Here he is. I knew negative Nancy would be back if the take over didn’t go through.

Share price is still above where you got out.

[snigmac]

I am not privy to any inside information, so no no intel from me.

All I will say is that I was critical of them releasing to market that they had been approached when, according to the board, the discussions were very early.

You don’t do business that way - get the punters excited to pump the price so that the bidder will walk away.

The Board, Sophie et al keep their jobs this way. But who would ever want to put in a bid to buy sky now? If this is how they will treat you?

Anyway, onwards and upwards. If they can’t sell the business for whatever they perceive intrinsic value to be then, if I was an owner, I would want to know what the (good) plan is to diversify revenue streams.

In the meantime, satellite base will continue to erode in favour of cheaper streaming options.

Thanks MT. Will be a interesting next 12 months for Sky, they aren't as upbeat as they normally are.

[Sideshow Bob]

Alright, alright, which one of you was this?? :p




Sky board grilled on share price 'skydive' (https://businessdesk.us20.list-manage.com/track/click?u=786ac0b2dc4f2240875208882&id=768af282c0&e=3b6f9185d3)



One Sky Network Television shareholder said they had lost $10,000 after investing $15,000 in the company and asked its board about its “share price skydive”.
Another, Coralie van Camp, said she bought shares at $6.09; she, too, had watched the shares “dive”.

Read on » (https://businessdesk.us20.list-manage.com/track/click?u=786ac0b2dc4f2240875208882&id=13e685d857&e=3b6f9185d3)

[Goob]

The Australian reported declined offer was $3.70! 50% premium.

https://www.theaustralian.com.au/business/dataroom/oaktree-and-quadrant-weigh-sale-of-mediaworks/news-story/239fe625d21a7ffc1747df6be2d0a454 (https://aus01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusi ness%2Fdataroom%2Foaktree-and-quadrant-weigh-sale-of-mediaworks%2Fnews-story%2F239fe625d21a7ffc1747df6be2d0a454&data=05%7C01%7CMicah.barr%40craigsip.com%7Cee50baf f5dff4490ff7208dbe089d12c%7Cf61257df36d54b43910498 21f37007d9%7C0%7C0%7C638350654770302004%7CUnknown% 7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIi LCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=oXXwi5s04H0zNnyVkEz%2FAGPTwuDZDwt%2Fm09W8P1Q gVQ%3D&reserved=0)

[blackcap]

The Australian reported declined offer was $3.70! 50% premium.

https://www.theaustralian.com.au/business/dataroom/oaktree-and-quadrant-weigh-sale-of-mediaworks/news-story/239fe625d21a7ffc1747df6be2d0a454 (https://aus01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusi ness%2Fdataroom%2Foaktree-and-quadrant-weigh-sale-of-mediaworks%2Fnews-story%2F239fe625d21a7ffc1747df6be2d0a454&data=05%7C01%7CMicah.barr%40craigsip.com%7Cee50baf f5dff4490ff7208dbe089d12c%7Cf61257df36d54b43910498 21f37007d9%7C0%7C0%7C638350654770302004%7CUnknown% 7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIi LCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=oXXwi5s04H0zNnyVkEz%2FAGPTwuDZDwt%2Fm09W8P1Q gVQ%3D&reserved=0)

Wow, if that is true, SH ers will be very pissed off.

[Goob]

Wow, if that is true, SH ers will be very pissed off.

Who knows. Market doesn't seem to care. Is the Australian credible like the AFR?

Some nuance... says DataRoom understand the offer valued SKT at 'about' $3.70. Buyer an east coast US PE Firm.

[Leemsip]

Who knows. Market doesn't seem to care. Is the Australian credible like the AFR?

Some nuance... says DataRoom understand the offer valued SKT at 'about' $3.70. Buyer an east coast US PE Firm.

F#ck I would take $3.70 in a heartbeat

[Entrep]

14828

The Sky board never fails to disappoint

[Balance]

When have takeover information leaked to the Australian newspaper ever been right?

Compare and contrast with the AFR’s Street Talk and it’s clear imo that the Australian is used for stock manipulative purposes.

[LaserEyeKiwi]

$3.70!!!!

Holy **** that deserves a shareholder lawsuit of the board and management.

Also does that breach NZX rules?

I sense chaos to commence.

[Bjauck]

$3.70!!!!

Holy **** that deserves a shareholder lawsuit of the board and management.

Also does that breach NZX rules?

I sense chaos to commence. NZ is a small country with an even smaller sharemarket. The Old Boy Network runs the institutions, the “institutional shareholders” and boards of directors. These “old boys” determined that the details of the offer were not to be released to the mum & dad small shareholders. We take what they want to give us. In other words we are the last to know of things that affect the value of our shareholdings. In NZ we are supposed to invest in our expensive housing.

[nztx]

14828

The Sky board never fails to disappoint


They prob just want all to feel content sucking up the 15c a year Div spit outs and not complain ..


things could have been worse .. like hovering up Mediaworks with attached large hock, or as an enhancement to that sliding into into bed with another Media Rag Doll that has seen better times :)

[sb9]

F#ck I would take $3.70 in a heartbeat
Wonder hw they got away without disclosing that to the market, especially when it’s at such a premium. Where’s NZ Regco in all this..

And what’s Board’s view of true value of Sky?
Guess first offer is never final offer, may be we might see another offer with 4 in front..may get some traction then.

[FTG]

There is quite possibly more to play out with this story. It seems that this little 'tyre-kicking' episode was a precursor to something more serious? Wouldn't be surprised at all to see another bid come in within the next 3 months (and not necessarily from the same party).

Especially if the NZD continues to deteriorate, making the proposition even more juicy from an o/seas acquirers' perspective.

[Leemsip]

There is quite possibly more to play out with this story. It seems that this little 'tyre-kicking' episode was a precursor to something more serious? Wouldn't be surprised at all to see another bid come in within the next 3 months (and not necessarily from the same party).

Especially if the NZD continues to deteriorate, making the proposition even more juicy from an o/seas acquirers' perspective.

Yeah agree with that. Im surprised the SP isnt higher. Decent chance of a new bid coming.... Not much downside in SKT at this price IMHO

I would expect management to start buying in soon... lol

[Balance]

Yeah agree with that. Im surprised the SP isnt higher. Decent chance of a new bid coming.... Not much downside in SKT at this price IMHO

I would expect management to start buying in soon... lol

The $3.70 'takeover offer' plant in the Australian newspaper is the cue to get out in the short term.

Zero credibility imo that there was ever such an offer.

[Leemsip]

such cynicism of our open and transparent market. Who has hurt you Balance?

[Balance]

such cynicism of our open and transparent market. Who has hurt you Balance?

Haha - don't look at a gift horse in the mouth!

Exhibit 1 : The Australian 27 April 2021

A2 Milk back on takeover radar

With A2 Milk shares stuck firmly in the doldrums, market chatter suggests the battered dairy supplier could be back on the radar of potential suitor.

Exhibit 2 : The Australian 17 August 2021

" ..... the beaten-down share price rallied briefly above $7.00 on reports that A2 Milk has become a takeover target for Nestle. A takeover by the Swiss giant would reinvigorate A2 Milk's infant formula in China and leverage Nestles in-country distribution network. A2 Milk has declined to comment on the takeover speculation leaving the market to ponder the possibilities of a takeover."

Exhibit 3 : The Australian 25 Jan 2022

The Australian newspaper has linked A2 Milk to the Canadian dairy giant Saputo, which is reported to be close to making a big acquisition.

[FTG]

The $3.70 'takeover offer' plant in the Australian newspaper is the cue to get out in the short term.



Oh, really?

"the cue" to whom? So presumably you have taken heed of the cue Balance? ;)

[Balance]

Oh, really?

"the cue" to whom? So presumably you have taken heed of the cue Balance? ;)

But of course!

Did you not observe how ATM's sp was heavily manipulated imo via the Australian newspaper (refer post #14062 above) so that some sold out at good prices?

Only trust the AFR Street Talk if you want the good oil/leaks - that is the authority when parties want to leak information for real takeover effect.

[FTG]

But of course!

Did you not observe how ATM's sp was heavily manipulated imo via the Australian newspaper (refer post #14062 above) so that some sold out at good prices?

Only trust the AFR Street Talk if you want the good oil/leaks - that is the authority when parties want to leak information for real takeover effect.

Truth be known, ever since Adam became a Cowboy, all sorts of 'smoke & mirrors' games have played out through various media channels, including at the AFR.

Just remember though, this is a Chess game, not Draughts, so probably a few more moves to come yet, before Checkmate?

Fingers crossed for you Balance, that you haven't succumbed at the 11th hour and 'snatched defeat from the jaws of victory'. ;)

[Leemsip]

A2 hurt me. Lol. Common theme on here.

Thats what makes this so much fun, lies, manipulation, hidden agendas, who to believe, wheels within wheels.
Trying to limit my downside and keep rolling the dice for a win. Come on SKT!

[JSwan]

A2 hurt me. Lol. Common theme on here.

Thats what makes this so much fun, lies, manipulation, hidden agendas, who to believe, wheels within wheels.
Trying to limit my downside and keep rolling the dice for a win. Come on SKT!

Remember when everyone hated hrdlicka, lol

[Entrep]

But of course!

Did you not observe how ATM's sp was heavily manipulated imo via the Australian newspaper (refer post #14062 above) so that some sold out at good prices?

Only trust the AFR Street Talk if you want the good oil/leaks - that is the authority when parties want to leak information for real takeover effect.

No such a fan of the buy back any longer?

[Moneyman]

Still no on market buyback, a further offer been made ?

[BigBob]

Still no on market buyback, a further offer been made ?

Buyback notice this morning - no further offer.... Yet...!

[Moneyman]

When the buyback stops again it can only mean one thing…. More to come on this one in the coming months!

[Leemsip]

ah they have bought some. 30k shares on monday
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/421577/407092.pdf

[nztx]

Remember when everyone hated hrdlicka, lol



LOL .. but wasn't that a reverse Buyback & Run ? :)

most of everyone else missed out on seeing any cream ..

[Baa_Baa]

Bowman drops another cool $540k into SKT (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/421731/407328.pdf), up's his holding to 600k shares.

[Almost-confused]

Bowman drops another cool $540k into SKT (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/421731/407328.pdf), up's his holding to 600k shares.

That's got to be a great signal. Loading up before the revised bid comes back through...

[sb9]

Bowman drops another cool $540k into SKT (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/421731/407328.pdf), up's his holding to 600k shares.

He must be thinking there’s easily another buck to be made from hereon, should another bid come through.

[Sideshow Bob]

Sophie buying more....

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/421760/407375.pdf

[Bjauck]

Sophie buying more....

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/421760/407375.pdf Bowman and she knew the terms of the offer that they rejected; small shareholders didn’t. So they’re making use of that insider information?

All we know is that the price was too low and highly conditional. But we have no idea what was the price and what were the conditions.

In the UK:
“The rule is simple: if you know privileged information about a company, you can only deal in its shares when that information becomes public.”
https://www.investorschronicle.co.uk/news/2022/09/22/looking-behind-directors-share-deals/#:~:text=The%20rule%20is%20simple%3A%20if,its%20ch osen%20key%20performance%20indicators.

[Leemsip]

Buyback ramping up - 5000 shares yesterday (cough)

[Leemsip]

Yeah agree with that. Im surprised the SP isnt higher. Decent chance of a new bid coming.... Not much downside in SKT at this price IMHO

I would expect management to start buying in soon... lol

As that market guru Leemsip predicted last week, management now buying in. 2 directors with decent purchases recently.
Seems positive, but will wait for more thoughts from the man himself.

[sb9]

Bit quiet around here, seems as though price behaving in such a way that higher bid could be on the way prior to Xmas.

[thebusinessman]

It's anyone's guess as to what the number will be, and when. I thought they may have offered $3 last time, wasn't convinced by the Australian articles saying $3.75. If they did say $3 and were rejected I can't imagine giant increases from there. $3.25? Would be announced pretty quickly after the share buyback next stops...

[Moneyman]

Each day they issue a notice at 8:30am re buyback from the day before, no such notice this morning…

[Sideshow Bob]

Each day they issue a notice at 8:30am re buyback from the day before, no such notice this morning…

Only bought 779 shares on Monday.........??

[thebusinessman]

Only bought 779 shares on Monday.........??

We're all screwed if they only buy at their calculated "fair value" price...

[Leemsip]

Got to be a decent premium on the current price. $3.25 not going to cut it with $2.87 currently.
Waiting hopefully here...

[thebusinessman]

I look forward to my pessimism being proved wrong!

[thebusinessman]

No notification for buying yesterday...

[Sideshow Bob]

No notification for buying yesterday...

Nothing today either.

Maybe taking a break.....they've got until 31/3/24 to complete.

[thebusinessman]

Yeh probably the person in charge of buying has taken a sick day...

[Sideshow Bob]

Yeh probably the person in charge of buying has taken a sick day...

Probably been retrenched in a restructure or shifted to India!

[RTM]

Yeh probably the person in charge of buying has taken a sick day...


Probably been retrenched in a restructure or shifted to India!

Now…. Remind me what the last reason was that they stopped telling us ?

[Leemsip]

Surely there is no statement that they have to buy every day.....
Not necessarily a reach-around every time lads.

[winner69]

Sky Sport price going up …..when I cancelled man at Sky said many cancellations today

[Wiremu]

I cancelled on news of the price increase for Sky Sports. Tried to do so online but the system would allow a cancellation so had to do it via chatbox.

The operator said that the online cancellation service had been overwhelmed with cancellations, this being the reason it wasn't available!

[mistaTea]

I cancelled on news of the price increase for Sky Sports. Tried to do so online but the system would allow a cancellation so had to do it via chatbox.

The operator said that the online cancellation service had been overwhelmed with cancellations, this being the reason it wasn't available!

I think SSN has been the way to go if you want sky sport for a while now.

Rather than pay $80+ a month for satellite by the time you add starter + sport + MySky fee you can pay about half that for just the sport content and you are only on the hook for a month at a time (cancel anytime and can all be done online).

And a lot of people agree with that given the high growth rate of SSN subs.

At the expense of high ARPU satellite subs though. Always a catch.

[thebusinessman]

Surely there is no statement that they have to buy every day.....
Not necessarily a reach-around every time lads.

Given I take the reach-around regardless I may as well speculate to make it interesting.

[Entrep]

Just cancelled NEON. The introduction of ads is too much. Torrents still exist.

[nztx]

Stop it you lot .. you can't all walk away & not expect the Boss Lady to not be eyeballing the next dividend ;)

[allfromacell]

I also canceled, might re-enable it when the rugby comes back although I'm sure many will turn to sailing the high seas instead.

[RupertBear]

I cancelled on news of the price increase for Sky Sports. Tried to do so online but the system would allow a cancellation so had to do it via chatbox.

The operator said that the online cancellation service had been overwhelmed with cancellations, this being the reason it wasn't available!

yep I also cancelled today. Also couldnt do it online had to do it via chatbox. Didnt realise it was because so many people were cancelling.

[LaserEyeKiwi]

I think SSN has been the way to go if you want sky sport for a while now.

Rather than pay $80+ a month for satellite by the time you add starter + sport + MySky fee you can pay about half that for just the sport content and you are only on the hook for a month at a time (cancel anytime and can all be done online).

And a lot of people agree with that given the high growth rate of SSN subs.

At the expense of high ARPU satellite subs though. Always a catch.

Yup - cancelled my SSN yesterday. Already had cancelled NEON due to the price hikes. First time in a long while I haven’t had any sky service.

[Sideshow Bob]

When our Sky Box blew up (during the WC quarter final :scared: ) when lived without it for 3 weeks before got a replacement that worked.

Seriously considering just moving to the SSN app.

[Sideshow Bob]

Looks like from ST that there is at least 6 cancellations in the last 24 hours.....

I would suggest quite a large number given small sub-section of their subscribers.

[SausageDog]

I sent my set top box (MySky) back last week and cancelled Neon (had stuff my partner wanted to watch) as well, I've gone from paying over $120 a month for years to $50 to nothing. 28 years as a Sky customer and nothing positive to say about their service now. Only got sky originally as we can't get normal reception but streaming has changed all that, I just swap between streaming services and spend less than $30 a month to overseas suppliers. Sky's customer service is some of the worst I've experienced and the fact you can't leave SKY online using your login and have to ring to cancel is just archaic. On the positive side, I did make some good money on my SKY shares due to my own inexperience and following them down to the bargain basement cap raise but sold out months ago in the $2.60 range. I've learnt a lot from having SKY and Sky shares, but my time with SKY is over. Good luck to all holders, I hope you make your money before this dinosaur goes extinct.

[Guild]

Hi for anyone that does still want to keep Sky, I rang and asked if they could do better or I would be cancelling about a month ago. They took 30% off the total for 12 months but told me it was a one off....

[Bjauck]

Hi for anyone that does still want to keep Sky, I rang and asked if they could do better or I would be cancelling about a month ago. They took 30% off the total for 12 months but told me it was a one off....
Do the same in 12 months time and you may get another “one off”…It sucks how third world price haggling has become more common in NZ.

[Dlownz]

Yeah unfortunately I resigned up for a year in May to neon and to be honest there hasn't been much on there. All the good hbo shows they don't stream.
Then the movies they stream are exactly the sane on amazon prime which is cheaper.
I said to my family a few months ago but I'm going back to downloading again after 12 year of not having too

[mistaTea]

Still no on market buyback announcements.

One would think the interested parties have come back for another attempt?

If that is the case then it is not a great look that Pooman bought shares on 15/11.

[Moneyman]

Pretty sure the buyback must stop a month out from a reporting period so no buying in December. It also provides an opportunity for the bidder to come back with no disclosure needed…

[thebusinessman]

It's almost like they declared negotiations finished to give themselves that opportunity... I'm not sure it's not above board though, when I think about it.

[mistaTea]

Pretty sure the buyback must stop a month out from a reporting period so no buying in December. It also provides an opportunity for the bidder to come back with no disclosure needed…

Could just be that, indeed.

[mistaTea]

It's almost like they declared negotiations finished to give themselves that opportunity... I'm not sure it's not above board though, when I think about it.

Oh Bownan definitely won’t have won’t anything against the rules, no worries there.

And, as you say, it could just be a pause in the buyback a month out from reporting etc.

If it did turn out that the interested party came back so soon it just wouldn’t be a good look is all I am saying.

Though no insinuation that Bowman has done anything wrong so far as the rules go.

Just a lucky guy I guess!! He can see what a third party bid for the business plus be privy to independent valuations from the bankers etc…and then load up the truck on shares whereas the market gets none of that info.

[thebusinessman]

I've sent an email to investor relations to see if they have any thoughts.

[RTM]

Oh Bownan definitely won’t have won’t anything against the rules, no worries there.

And, as you say, it could just be a pause in the buyback a month out from reporting etc.

If it did turn out that the interested party came back so soon it just wouldn’t be a good look is all I am saying.

Though no insinuation that Bowman has done anything wrong so far as the rules go.

Just a lucky guy I guess!! He can see what a third party bid for the business plus be privy to independent valuations from the bankers etc…and then load up the truck on shares whereas the market gets none of that info.

Well, when they see him loading up the truck, after looking at all the info, that’s a bit of a clue as to what is going on….right ?
Are you back in Mr T ?

[mistaTea]

Well, when they see him loading up the truck, after looking at all the info, that’s a bit of a clue as to what is going on….right ?
Are you back in Mr T ?

That’s hardly the same thing though. Inferring from his buying that SKT is undervalued is one thing. Having access to the exact amount that a bidder has offered as well as whatever independent valuation they got as part of the process is quite another I think.

No I don’t own SKT and would not consider buying in again with current Leadership no matter how ‘cheap’ the company ever looked.

[errornz]

That’s hardly the same thing though. Inferring from his buying that SKT is undervalued is one thing. Having access to the exact amount that a bidder has offered as well as whatever independent valuation they got as part of the process is quite another I think.

No I don’t own SKT and would not consider buying in again with current Leadership no matter how ‘cheap’ the company ever looked.


Current leadership has made me money. Old leadership lost you money. Shame.

[mistaTea]

Current leadership has made me money. Old leadership lost you money. Shame.

Oh you are trigg, say thank ya.

[errornz]

How much did you lose again?

[thebusinessman]

Pretty sure the buyback must stop a month out from a reporting period so no buying in December. It also provides an opportunity for the bidder to come back with no disclosure needed…

Moneyman is correct, this is from Sky:

Thanks for taking the time to get in touch.

Sky’s Securities Trading Policy includes a blackout period of 30 days prior to the half and full year balance dates (Link to policy). As a result, on Monday’ 4th of December we advised that we’d bought back some shares on Friday 1st and this was our last repurchase before entering the half year blackout period. The blackout period ends on the day after Sky reports results, although in practice many companies resume buying a few day’s later to allow the market time to settle.

We’ve reviewed the blackout practices of other companies in our market, and while some take effect from the actual half and full year balance dates (rather than before), we found that our existing policy is in line with the majority of companies – actually a number have much stricter policies/practices.

[errornz]

Share price is holding up nicely, with out the buy backs propping it up.

[mistaTea]

More consolidation - Warner Bros Discovery and Paramount in merger talks

https://www.bbc.co.uk/news/business-67782869

[errornz]

https://www.nzx.com/announcements/425050

[thebusinessman]

A friend who has Neon was annoyed that the new pricing model has some ads on when he pauses the show. He pays the mid-tier, so no other ads, but there is an ad-supported basic tier now.

I agreed with him that it is annoying, you're paying $20 a month so it's a bit of a light slap in the face to be advertised to, and then I remembered something: HBO Max, or now just Max, also recently moved to an ad-supported basic package, and their next tier up also has completely skippable ads and on pause. So I did a little digging...

Turns out the basic Neon plan didn't used to be full HD streaming, but now it is with the ads to support it. Full HD streaming with ads is also a feature of the Max basic plan...

Look I'm no merger mastermind, and it could just be the industry offering similar packages, but it's a nice time to stoke the Warner takeover fires! We're being lined up for assimilation.

[RTM]

https://podcasts.apple.com/nz/podcast/its-only-sport-on-the-platform/id1688331244?i=1000641878026

Disc: Holder

[mistaTea]

https://www.streamtvinsider.com/video/smart-tv-apps-surpass-set-top-boxes-entry-point-tv-viewing

I still mostly use my Apple TV box, but I actually don't 'need' it as our Sony Bravia is really good.

In fact it has a big advantage over the Apple TV in that is does a better job of surfacing content from multiple services to the Home Page. And it has smarts to surface content I am more likely going to want to watch based on viewing history.

It can currently recommend content from Amazon Prime, Disney+, YOUTUBE and TVNZ+.

Apple 'sort of' does a bit of this in the Apple TV+ view, but not as good.

With regards to Sky, it will be interesting to see how much more pressure is put on their STB subs over the next year or two. Price increases obviously won't help, but also the recognition that any STB is not necessary for most people now.

Sky Sport NOW should still see some big increases in subs though. Just half the ARPU of a STB customer which isn't ideal.

I note that Apple also have a Pay TV Provider option whereby in some jurisdictions, you can link to your Pay TV Provider (https://support.apple.com/en-nz/102252) from within the Apple Universe.

As the transition to streaming continues to be thrust upon Sky, I wonder if this is something they will try tap into. Quite a few countries offer this including the UK, USA, Canada and Ireland.

[xafalcon]

Interesting comments from NZ Cricket.

- viewership has increased on FTA
- attendance at games has increased
- NZC would not be averse to accepting a lower broadcast fee if cricket remained on FTA

I assume this means that NZC is getting significantly greater returns from sponsorship and game attendance when on FTA compared to broadcast on sky tv

I have made this linkage between FTA, game popularity (viewship, game attendance, public engagement) and total revenue back to the game several times, but in regards to the falling revenues that NZ rugby has been experiencing

Sky TV might not get NZC business back at the bargain basement price they were expecting, and might not get it back at all

[LaserEyeKiwi]

Interesting comments from NZ Cricket.

- viewership has increased on FTA
- attendance at games has increased
- NZC would not be averse to accepting a lower broadcast fee if cricket remained on FTA

I assume this means that NZC is getting significantly greater returns from sponsorship and game attendance when on FTA compared to broadcast on sky tv

I have made this linkage between FTA, game popularity (viewship, game attendance, public engagement) and total revenue back to the game several times, but in regards to the falling revenues that NZ rugby has been experiencing

Sky TV might not get NZC business back at the bargain basement price they were expecting, and might not get it back at all

Not surprised at all. Plus cricket is uniquely suited to still be very profitable for FTA broadcasters given the huge amount of ad breaks possible, after every over, it’s amazing - you can fit in 100 in-game ad breaks in a 50 over a side cricket match. This is versus precisely zero in-game ad breaks in a live rugby game.

also, in regards to not being able to compete with overseas salaries for NZ cricket players, it has turned from being a big negative (players used to retire early from playing internationally to go play county cricket in England), into a big positive (players want to play international ODIs & T20s to get higher auction valuations in the Indian premier league) - so NZ cricket now has comparatively cheap player contract costs as it isn’t seen as the main compensation for our best players (who earn 5-10x more than there NZ cricket contract by playing IPL a few months a year).

[errornz]

You guys think they will do a buy back extension on its buy back program? Not a lot of time between its earning call and the end date for the buy back.

[SailorRob]

Let’s not forget that it wasn’t that long ago I was down 90%…


We don't.... About what you were down when you capitulated.

[Habits]

Made a good profit buying at mid teens (0.17 = 1.70) and selling mid 2s (2.60) as well as dividends. Thanks to MT and co. PS he was a lot more fun in those days.

[Crisis]

NewsTalk ZB- Sophie Maloney: On Sky TV taking on TVNZ with free-to-air sport
https://www.iheart.com/podcast/1049-sportstalk-with-darcy-wal-65467510/?follow=true&pname=newstalkzb_web&sc=podcast_follow_link

[60yearsold]

Do not invest in this company, they have many one-sided contracts and make it very difficult to cancel their service. The New white box is a bad joke

[60yearsold]

This lady is very good at spin, but hopeless at customer service. Don't invest here.

[Habits]

NewsTalk ZB- Sophie Maloney: On Sky TV taking on TVNZ with free-to-air sport
https://www.iheart.com/podcast/1049-sportstalk-with-darcy-wal-65467510/?follow=true&pname=newstalkzb_web&sc=podcast_follow_link

Says it will be a boon for SKY, am pondering whether I need SSN

[Sideshow Bob]

https://www.nzx.com/announcements/426611


Sky Network Television Limited (Sky) announces another period of growth, delivering increases in allkey metrics through a strong focus on execution.

Key results1:
• +3.7% growth in Revenue to $392.7 million, driven by strong growth in Sky Sport Now, Advertisingand Broadband
• +11.1% growth in EBITDA2to $81.7 million
• +10.5% growth in NPAT to $29.0 million
• Increased Interim dividend of 7 cents per share, 100% imputed (from 6 cents per share, +16.7%)
• Full Year dividend guidance increased to at least 17.5 cents per share (from at least 15 cents pershare, +16.7%)
• New share buyback programme for up to $15 million to be launched following the expiry of thecurrent programme

[blackcap]

I finally cut the cord yesterday. That process in itself was excruciating. As the Mrs pointed out, we don't watch anything on SKY anymore. Now the cricket has migrated to channel 1, and TVNZ+ offers a streaming service, many other shows are on you tube or other platforms. Why would I pay over $100 a month for SKY?

To add insult to injury, I was charged an additional $10 late payment fee (yes I was late but it was the first time in over 8 years and happened to be over Christmas New Years) so I told them quite politely that this was a stupid ridiculous charge that was the catalyst in them losing me as a customer.

Time to self destroy in 3,2,1....

[Leemsip]

Interesting to see what the market thinks of this report today. Seems positive to me, but not hugely so. Buy back is on again, dividend to be paid, revenue is flat to slightly up, decent amount of cash, positive forward guidance...

Capex is still high, they say this should trend down as the big years of tech renewal are behind them.....

Good for $3 per share soon?

[mistaTea]

I finally cut the cord yesterday. That process in itself was excruciating. As the Mrs pointed out, we don't watch anything on SKY anymore. Now the cricket has migrated to channel 1, and TVNZ+ offers a streaming service, many other shows are on you tube or other platforms. Why would I pay over $100 a month for SKY?

To add insult to injury, I was charged an additional $10 late payment fee (yes I was late but it was the first time in over 8 years and happened to be over Christmas New Years) so I told them quite politely that this was a stupid ridiculous charge that was the catalyst in them losing me as a customer.

Time to self destroy in 3,2,1....

Just had a quick squiz at the results.



I think the big 'good news' story for Sky is that they increased Sky Sport NOW subs by 56K compared to the same time last year. Very good, and over time they could easily double those subs.
However, the steady 2-3% churn of Sky Box customers continues despite the new Sky Box being released. Of the 16K STB customers lost since a year ago, 14K of them were cord cutting in the last 6 months (the big increase in Sky Sport was probably the catalyst). With an ARPU of $83/month that is ~$16M gone. Need to keep an eye on these subs to see if the cord cutting escalates. A lot will opt for SSN which is great, but ARPU is half STB so revenue still takes a hit.
With NEON, I had heard anecdotally about a lot of people cancelling their sub in favour of competitor services. Losing 41K subs compared to the same time last year is a bit of a worry. The price to value for this Entertainment service should be a no-brainer for kiwis. However, clearly consumers are seeing better value elsewhere (and that is despite NEON having HBO etc).
Good to see some small increases in GAAP earnings, and slight lift in divvy. But also worth nothing that after all was said and done, the cash balance still decreased by $8.6M. All good and well to continue with buybacks if they think the SP is low, and to pay out dividends... but that will not be able to go on forever at the rate they are paying out unless they can find a way to increase FCF.

[blackcap]

Just had a quick squiz at the results.



I think the big 'good news' story for Sky is that they increased Sky Sport NOW subs by 56K compared to the same time last year. Very good, and over time they could easily double those subs.
However, the steady 2-3% churn of Sky Box customers continues despite the new Sky Box being released. Of the 16K STB customers lost since a year ago, 14K of them were cord cutting in the last 6 months (the big increase in Sky Sport was probably the catalyst). With an ARPU of $83/month that is ~$16M gone. Need to keep an eye on these subs to see if the cord cutting escalates. A lot will opt for SSN which is great, but ARPU is half STB so revenue still takes a hit.
With NEON, I had heard anecdotally about a lot of people cancelling their sub in favour of competitor services. Losing 41K subs compared to the same time last year is a bit of a worry. The price to value for this Entertainment service should be a no-brainer for kiwis. However, clearly consumers are seeing better value elsewhere (and that is despite NEON having HBO etc).
Good to see some small increases in GAAP earnings, and slight lift in divvy. But also worth nothing that after all was said and done, the cash balance still decreased by $8.6M. All good and well to continue with buybacks if they think the SP is low, and to pay out dividends... but that will not be able to go on forever at the rate they are paying out unless they can find a way to increase FCF.


I will migrate to SKY sport NOW, but it will be targeted and only for certain events. Nothing to excite me till May when the French Open starts for example. And then July for the Tour De France.

Their losing a lot of sports to competitors must be a worry. When you cant do the cricket in NZ thats a huge loss.

[Leemsip]

Despite all the anecdotes on here, customer base is pretty sticky and SKT gouging them nicely.

[blackcap]

Despite all the anecdotes on here, customer base is pretty sticky and SKT gouging them nicely.

Don't disagree, it took me a long time to go and its the inertia that gets you. I can imagine many just happily paying the monthly.

[mistaTea]

I will migrate to SKY sport NOW, but it will be targeted and only for certain events. Nothing to excite me till May when the French Open starts for example. And then July for the Tour De France.

Their losing a lot of sports to competitors must be a worry. When you cant do the cricket in NZ thats a huge loss.

yeah I am the same.

I put it on for a month to watch the Australian Open. Did not renew.

Will happily dip in and out as there are competitions I want to watch.

They are putting a bunch of Rugby on Sky Open now too, so I can always Chromecast the Sky GO app to my TV if there is a game I want to watch.

[LaserEyeKiwi]

Despite all the anecdotes on here, customer base is pretty sticky and SKT gouging them nicely.

Did you read the results?

SkyBox & Neon had big drops in subscriber numbers (SkyBox: 517k users to 501k users, Neon: 318k users dropped to 277k users), Sky Sport Now the only growth driver (168k users to 206k users), which it should be, it’s the only valuable content they own.

The entire company now relies on rugby rights, which run for 2 more years. Luckily at this stage there doesn’t appear to be a serious contender for them, other than NZR itself going it alone (can’t see that happening…yet).

[mistaTea]

Did you read the results?

SkyBox & Neon had big drops in subscriber numbers, Sky Sport Now the only growth driver (which it should be, it’s the only valuable content they own).

The entire company now relies on rugby rights, which run for 2 more years. Luckily at this stage there doesn’t appear to be a serious contender for them, other than NZR itself going it alone (can’t see that happening…yet).

yeah, the STB drop was roughly in line with previous drops (although a big acceleration in the last 6 months which is something to keep an eye on).

The big drop in NEON is a cause for concern.

SSN plenty of room for growth and I agree that Sky should be able to get another deal. Sky can't pay anywhere near the reported $100M a year Martin agreed to last time.

So if Sky can't pay anywhere near that, NZR have to make up the funds elsewhere. Perhaps a deal with Sky while retaining the right to go OTT too. Let's see.

[LaserEyeKiwi]

yeah, the STB drop was roughly in line with previous drops (although a big acceleration in the last 6 months which is something to keep an eye on).

The big drop in NEON is a cause for concern.

SSN plenty of room for growth and I agree that Sky should be able to get another deal. Sky can't pay anywhere near the reported $100M a year Martin agreed to last time.

So if Sky can't pay anywhere near that, NZR have to make up the funds elsewhere. Perhaps a deal with Sky while retaining the right to go OTT too. Let's see.

NEON is mostly garbage content now, they just don’t have the critical mass of exclusive content rights anymore that make it worthwhile, and yet they are charging the highest monthly fee of all the streamers, when they struggle to even compete content wise with the free TVNZ+ app.

[Goob]

Crickey streaming is tough. NEON content softens and people start to plug out right away.

Wonder how this plays out long-term for Sky Sport Now? Great if more people transition to SSN for now but overall revenue takes a double hit (around half the ARPU + impact of subs dipping in and out).

RWC in 1H24 makes an underlying forecast of recurring SSN subscribers difficult. Thought the answer to this question on the call was v poor.. see here (https://imgur.com/SXOkJ3Z): https://imgur.com/SXOkJ3Z

[Entrep]

Tried getting rid of the decoder for the Fan Pass app instead and hated it. Too slow.

So back to the decoder...

[mistaTea]

Tried getting rid of the decoder for the Fan Pass app instead and hated it. Too slow.

So back to the decoder...


Fanpass was about 5 years ago.

[Entrep]

Fanpass was about 5 years ago.

Whatever the new sports app is called

[mistaTea]

Whatever the new sports app is called

Sky sport NOW.

I have used SSN a few times and never any issue.

It’s a great service for sports fans imo. If you watch sport all year then an annual sub works out relatively cheap - $449.99 which is $37.50 a month.

[Entrep]

I didn't have issues as such, the app was just slow to flick between channels.

[LaserEyeKiwi]

NZ Herald:

The boss of New Zealand Rugby (NZR) appeared chipper as he approached the Sky TV executive table at the glamorous black-tie Halberg Awards in Auckland last week. NZR chief executive Mark Robinson made a beeline for Sky TV chief executive Sophie Moloney - pleasantries, a quick social chat, lots of smiles and then greetings to the rest of Moloney's table.

Behind the scenes, though, it's more hard-edged - the two organisations' leadership groups are already starting to rally for a critical 18 months ahead, in which far more serious meetings around tables will determine their companies' fortunes.

Sky and NZR are about to start re-negotiating their collective golden goose - All Blacks and rugby broadcasting rights. Sky reportedly paid in the vicinity of $500 million for a five-year deal starting in 2020.

The talks will determine the biggest sports broadcasting deal in this country and just how rugby is served to the New Zealand viewing public, which - as every sport is now finding - is more mobile than ever (with a digital screen in every fan's pocket) and perhaps less inclined to sit for two hours in front of a TV screen.

The backdrop to the new negotiations includes NZR's recent launch of its own digital channel, NZR+. While the streaming channel does not feature live coverage of the likes of the All Blacks, it is a content and audience data play, with behind-the-scenes footage, exclusive interviews and bespoke shows.

NZR may well want some live rights for NZR+ as part of a new broadcast deal.

In the meantime, Sky has not been shy about revamping its own strategy. It launches this weekend a regular and live free-to-air Saturday night Super Rugby match on its Sky Open channel, starting with the Highlanders v Moana Pasifika.

Sky will show 19 Super Rugby games and 28 NRL games live and free this season as it strives to build an advertising revenue model alongside its long-successful subscriber base. With advertising included, there will be a total delay of about 12 minutes by the end of each game.

Sky's premium customers will still see the games live on Sky pay channels, uninterrupted and without ads.

Throw in TVNZ's live (and free-to-air) rights for cricket - gifted to it after the demise of Spark Sport last year - and suddenly the landscape for sports rights has altered dramatically.

It will be fascinating to see Sky's ratings for the Chiefs v Crusaders Super Rugby match at 7.05pm tonight versus TVNZ's ratings for the Black Caps v Australia T20 cricket clash at 7.10pm.

There's been another fascinating - and surprising - move behind the scenes at NZR this week.
Ged Mahony, the man who led negotiations for NZR for the last two broadcast deals, resigned on Monday and left the business yesterday, after 10 years.

Mahony himself said he could not comment, other than texting that he had had an amazing decade at NZR, was proud of what he had achieved and "am ready for what is next". His departure comes as NZR's relatively new commercial arm New Zealand Rugby Commercial, led by Craig Fenton, takes the lead in negotiations with Sky for the new broadcast deal.

Mahony would still have played a critical role in those discussions but several sources pondered whether the structural changes had played a part in his decision.
They all confirmed he left on his terms. "Ged is a rock star"" said one highly-placed source.

In an internal note to NZR staff, obtained by Media Insider, Fenton wrote that it was his "bittersweet task" to announce Mahony's resignation.
"Though I've only known Ged a short time compared with most of you, I've come to appreciate his whole-hearted passion for the business, his deep expertise and network across the media landscape. I've heard many people in the industry sing his praises - his reputation is exemplary and he is highly regarded."

The 2019 TV rights deal, wrote Fenton, landed NZR "one of the largest broadcast deals in the industry".

Mahony's departure follows the departure of New Zealand Rugby chief communications and brand officer Charlotte McLauchlan late last year.
Meanwhile, two other senior female leaders are also leaving NZR - Claire Beard leaves this week as head of women's rugby while chief people, safety and wellbeing officer Andrea Brunner is joining Southern Cross as a senior executive.

[Sideshow Bob]

Buyback is back in action......http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/427056/413858.pdf

[Bjauck]

Did you read the results?

SkyBox & Neon had big drops in subscriber numbers (SkyBox: 517k users to 501k users, Neon: 318k users dropped to 277k users), Sky Sport Now the only growth driver (168k users to 206k users), which it should be, it’s the only valuable content they own.

The entire company now relies on rugby rights, which run for 2 more years. Luckily at this stage there doesn’t appear to be a serious contender for them, other than NZR itself going it alone (can’t see that happening…yet).I finally let the sky box go after months of prevarication. However we were watching sky less on average than other (much) cheaper platforms. It was the My sky recording ability that held up the decision, but in the end it was not enough. Rugby not a factor. I am SKT shareholder too!

* I even got a final credit for the return of the old box!

[mistaTea]

Buyback is back in action......http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/427056/413858.pdf


Continuing a buyback when the company has seen a big drop in subs is questionable. When Media asked SM about the subs situation after the HY results she said they were "soft".

And the ad revenue strategy Sophie has been banging on about seems to be going up in smoke. According to WMD the ad revenue just is not there.

You only do a buyback when the shares are undervalued. I don't think many people would see SNT with a market cap of ~$400M as undervalued given the cost of living crisis in general and decreasing Sky TV subs specifically.

Just my 2 cents.

[Sideshow Bob]

SM buying on market.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/427207/414043.pdf

[RTM]

" Sky has acquired a total of 2,822,662 shares under this on-market share buyback programme
(including the shares in this notice). Under this buyback, Sky may acquire up to a further
5,911,754 shares on or before 31 March 2024"

Not long to go and less than 50% acquired...can they simply extend the time frame ? They seem to be OK purchasing around $2.80.

[airedale]

It is interesting that in the same week that the major TV channels in NZ announced staff cuts and economies that both S. Moloney and P.Bowman both increased their holdings in Sky TV.

[biker]

Took up the SKT offer of a new sky box for free. Very easy to set up. Great remote. Good features. Surprisingly (to me) I like it more than I thought I would.
Only thing is, they sent me two! in separate packaging.

[Snoopy]

Took up the SKT offer of a new sky box for free. Very easy to set up. Great remote. Good features. Surprisingly (to me) I like it more than I thought I would.
Only thing is, they sent me two! in separate packaging.


What a deal. Not only did you get your new Sky Box 'for free'. You got it for half price as well!

SNOOPY

[airedale]

Domestic harmony, one for him and one for her.

[Almost-confused]

My SKT ride has come to an end. Cashing in my chips for a good profit after the COVID buy in. Thanks for those that have contributed to the forum. Made for great reading over the years. On to the next punt ;)

[uravgtrader]

https://www.oneroof.co.nz/property/auckland/mount-wellington/3-16-leonard-road/RktuA?utm_source=loopa&utm_medium=display&utm_campaign=1003&utm_content=1

It's finally going out to lease.

[airedale]

Took up the SKT offer of a new sky box for free. Very easy to set up. Great remote. Good features. Surprisingly (to me) I like it more than I thought I would.
Only thing is, they sent me two! in separate packaging.
Had your old sky box packed up, or did they just send you one .....or two in this case...because you asked for a new one. Was it offered at the same monthly rate as the old one?

[RTM]

Gone are the days when this thread was more entertaining than SKY TV with Mr T and Ogg hard at it.

I see that SKY have today issued a new BuyBack notification.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/428488/415493.pdf
12 Months
NZD$15 million and up to a maximum of 7,033,120 shares.
This increases the size of the buy back and should I guess underpin the share-price for the next 12 months or so. I guess it also reduces the $'s that they are choosing to pay out as dividends.
There were about 3.8m shares remaining under the previous buyback which ends 31 March 2024

[biker]

Had your old sky box packed up, or did they just send you one .....or two in this case...because you asked for a new one. Was it offered at the same monthly rate as the old one?

Old box was going fine but asked for a new one as it was free. Paying the same monthly as before with mysky etc

[errornz]

Gone are the days when this thread was more entertaining than SKY TV with Mr T and Ogg hard at it.

I see that SKY have today issued a new BuyBack notification.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/428488/415493.pdf
12 Months
NZD$15 million and up to a maximum of 7,033,120 shares.
This increases the size of the buy back and should I guess underpin the share-price for the next 12 months or so. I guess it also reduces the $'s that they are choosing to pay out as dividends.
There were about 3.8m shares remaining under the previous buyback which ends 31 March 2024

Yeah it was much more fun when they were shilling Sky hard. Now that Mr T has sold out, he’s negative Nancy and OGG is probably still in therapy from the roller coaster of emotions he experienced watching the price plummet, getting out at $2.20 and then watching it surge to $2.90.

[Leemsip]

Another 4% of the company bought back. Love this plan. Company has to deliver and make FCF to support this of course. Happy holder here.

[airedale]

Old box was going fine but asked for a new one as it was free. Paying the same monthly as before with mysky etc
Thanks Biker

[Joshuatree]

Yeah it was much more fun when they were shilling Sky hard. Now that Mr T has sold out, he’s negative Nancy and OGG is probably still in therapy from the roller coaster of emotions he experienced watching the price plummet, getting out at $2.20 and then watching it surge to $2.90.
Lol,Mr Teas wifey prob playing hard to get,he walking around like a bear with a sore head!
Buy back fantastic, makes up for my guilty little secret ,ditching my Sky account and box,just don't see the need for it anymore,for example watched MotoGP and sail GP on three plus.Happy holder.

[allfromacell]

I also canceled, might re-enable it when the rugby comes back although I'm sure many will turn to sailing the high seas instead.

I re-enabled my subscription today. It seemed important to keep an eye on the Warriors performance to predict OCAs SP performance.

Shareholders can thank winner69...