When you lead with "Growth in Streaming Services" when the guts of your business is satellite, then you know it ain't going to be good.
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Operating cash flow $42m less than half reported last year
That’s bad ...maybe especially bad seeing they spent more than that (investments) to keep going
Was hoping for a new pricing structure for satellite to be announced...
Time they changed things up... Drop the silly MySky fee and over more attractive packages...
schritzophrenic activity here, opens up at 72c on $176000, from 63c yesterday, then back to 63c in ten minutes
I think their goal is to significantly slow down the loss of satelite subscribers. Not stop or reverse the decline.
This will enable a smoother transition to streaming.
But that is where they are moving to - looks like there are two new apps being released in the next few months.
1. The merged NEON-Lightbox service
2. a brand new digital offering. I predict you will be able to subscribe to both sport and all of their entertainment channels.
Once their digital services are up and running they won't mind satellite losses so long as they can convince them to take their digital offering instead (which will be cheaper for the customer, and cheaper for Sky).
Overall very pleasing results.
Owner Earnings still on track to be in a range of $90-$100M at the full year results.
Significant spend on transitioning the business, but I like what they have spent the money on so far.
The low HY accounting profit shouldn't be a shock to anyone. They are doing exactly what they said they would.
This is one helluva case study on the dangers of knife catching
!!!! Would you like to re-phrase that, RGR?Quote:
I think it's good enough for a punt from 60 and downward.
:ohmy: