I've got the greenlight to scoop up 300k shares. So i'll go put my hand up.
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Just in case bro...
https://www.thewarehouse.co.nz/p/liv...iving+&start=1
Given the following:
A) Sky has already confirmed guidance.
B) Streaming growth has accelerated under Covid (search "Neon" in Google trends)
C) Balance sheet confirmed with $110m cash and no bank debt
D) Future costs down because of OSB sale and NEP deal
How can results be anything but positive tomorrow?
There will likely be large write downs in non-cash items again as the shareprice has dropped so much and also because they have sold off OSB. This will effect the bottom line. The media will spin this negatively and people will falsely use the bottom line as an indication of a declining business.
They may separate out the information more on streaming vs non streaming customers. In the past they have reported it together and have been vague. It may show increased cost and very low margin. This may put off the "growth story".
Broadband setup cost and other restructure cost might be larger than expected.
Satellite churn maybe more negative as new uptakes might have slowed down because of the Auckland lockdown and more people don't want tradesman in their house etc.
They may update the market on cost saving from canceled sport events. There might not be any savings.
There maybe more bad debts as people can't afford Sky anymore.
Overall however, very little downside, most bad news has already been well baked into the shareprice.