I’m enjoying ACC’s statements on the excess IFT fees! High point of the IFT meeting
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Honestly mate, after listening to all these dry balls old white men yibber yabbing in the IFT AGM...there is no way in Hell they are getting into anything exciting like the content wars.
Though your argument for why they might buy Sky given the low market cap, and ability to merge with Vodafone etc etc has merit...
I reckon they may have looked at it briefly and decided that their wholesale arrangement with Sky is sufficient. They get all of the great content Sky can secure without the headache. They may not see the long term value of owning an asset like Sky being significantly more than the current arrangement.
Obviously Sky competing in broadband and mobile is not going to be great for Vodafone (and the rest) - but I don't think the prospect of Sky Broadband is causing Marko to lose any sleep either.
Just face it Mista. Take over is coming. Even Marko said that the capital raise was to "support" their existing businesses.
There's a massive war going on between Vodafone and Spark.
Spark have the cricket and are now going into pay per view.
If Vodafone don't respond they're gonna get left behind.
Not only that, Sky is going into broadband. Just lol.
Takeover is happening. Face reality.
Everyone go make a complaint about how Spark is behaving...
https://comcom.govt.nz/make-a-complaint/complaint-form
Plan A for both companies was the merger. That failed.
Rather than appeal the decision they decided to do the current commercial relationship - it was the next best thing.
There is a big difference here - last time Vodafone did not have a comprehensive commercial arrangement for sky’s content. Now that they do, going through the whole ‘let’s attempt to merge...again...” may hold much less appeal.
The benefit may not stack up against the costs.
I am not saying that a takeover is not possible - I make no predictions in this space.
But I think it is also a bit ogg (I mean odd) to keep banging on like it is a ‘certainty’ when there is no real evidence to support that claim.
Can we finish above the 30MA today? Can we break the 0.14c resistance? If we can we might go up to 16c till we hit resistance again.
Infratil announce buy back...there goes a chunk of their cash.
20,000,000 shares
2.77% of their stock
Roughly $100,000,000
3.45mil saved on dividends.
Suppose it makes sense.
https://www.nzx.com/announcements/358383
https://apple.news/AfqXgj8XMSoejwGE2brlQ4A
An analysts view of Comcast which own cable in the US and Sky Europe. My guess is heÂ’d probably have a similar view of Sky NZ if he weÂ’re to take a look.
Morningstar analyst Michael Hodel offered Comcast praise last week.
This year "is far from a normal year and seasonal swings have likely steadily diminished with the rise of online content options," he wrote in a report.
But "the sequential improvement amid the worst of the pandemic and sports shutdown provides some evidence supporting our view that the industry isnÂ’t headed for a customer death spiral, a key element of our fair-value estimates and moat ratings across much of the media sector, including Â… Comcast."
Price to book (from memory):
Comcast: 2.3
Sky Tv NZ 0.6
*similar but comcast have telco, NBCU and other media businesses so not entirely apples to apples
Gotta love these glassdoor reviews. :laugh:
https://www.glassdoor.co.nz/Reviews/...iews-E7568.htm
https://www.glassdoor.co.nz/Reviews/...IM1178_IP2.htm
Sky TV
29 June 2020
Pros
Good place to work. Friendly atmosphere.
Cons
Management to know the vision of the company
10 May 2020
Pros
Fun place to work, good co-workers, dynamic industry
Cons
Getting disrupted and restructuring to cope
29 March 2020
Pros
Great people to work with
Cons
Blind and ignorant leadership lacking in diversity or skill to invoke change
20 February 2020
Pros
Fun industry, good camaraderie, lots of exciting initiatives in play
Cons
Facing significant disruption so under pressure
25 November 2019
Pros
flexible, big company, flexible, flexible, flexible
Cons
too many people work there, hard to push new change.
Vodafone
28 July 2020
Pros
Great employee benefits, diverse workplace
Cons
The company goes through frequent restructures
20 July 2020
Pros
Great colleagues good work life
Cons
Bad job security and layoffs
26 May 2020
Pros
Excellent people culture and working environment
Cons
Frequent restructuring that causes lack in confidence among staff.
11 May 2020
Pros
Awesome place to work at
Cons
Uncertainities in telco sector nowadays
16 April 2020
Pros
great environment, fun place to work at
Cons
management is quite stuck up
30 March 2020
Pros
Great Employee benefits Big office get to meet some great people
Cons
Unrealistic expectations from the management. Company says they are "agile" but only on paper. Very old system and IT. No forward thinking or planning for the future. Lack of strategy
23 March 2020
Pros
Big company, get to meet many people
Cons
management decisions are too poor.
9 March 2020
Pros
Some of the people are passionate. Agile-ish
Cons
Legacy KPIs. Removing bonus since going private
6 February 2020
Pros
People, people, people
Cons
Complexity of the legacy systems
27 January 2020
Pros
Great leadership and people, good culture, agile and fun to work.
Cons
lots of movement in the organisational structure.
10 November 2019
Pros
Great people; generous resources; inclusive.
Cons
Political; Slow; Averse to hearing feedback if negative.
20 October 2019
Pros
Free phone and plan,
Cons
Too busy ticking boxes and moving on to the next big thing without delivering
Working at Vodafone/Sky...
https://www.youtube.com/watch?v=fk2YRpLnmdU
The key themes experienced by past employees of both companies:
Layoffs/restructure/change/disruption
Time for these two dinosaurs to mate and make a baby.
Interesting thread on reddit...
https://www.reddit.com/r/newzealand/...ibe_to_sky_tv/
https://www.nzherald.co.nz/entertain...ectid=12358295
LOL.
Hmmmn, so a linear TV model is not completely outdated then? Netflix should be able to tailor the content to the user based on their viewing history which is different to Sky, but still an interesting development.
Sometimes it is nice to turn the TV on and have a content curator just decide for you :D
There are two other psychological things missing for it to work:
1) Other people have to be watching the same content at the same time.
2) There has to be a genuine feeling of not being in control.
What Nextfix has done is just a shuffle button. Which in itself is just another choice to make as you have to decided weather to turn it on or not. You're in full control.
People are more satisfied when their options are limited or non existent and there's a higher power making choices for them. They're also more satisfied when they see others doing the exact same. It's counter intuitive but true.
The best outcome is having no choice 80% of the time, then giving someone a choice for the remaining 20%.