Ah, so now we know who was crashing the NZX!!
Printable View
What are our thoughts on a takeover now?
Me this morning
https://www.youtube.com/watch?v=Va5_rn3vG3A
Just a reminder
DJ Sky TV Sees Return to Profit on Streaming, Live Sports --Update
10 Sep 2020 07:26:07
WELLINGTON, New Zealand--Sky Network Television Ltd. expects to return to profit in its current financial year after gaining more streaming customers and slowing the decline in legacy satellite TV subscribers.
The New Zealand company, which has struggled because of competition from streaming giants such as Netflix, on Thursday reported a full-year loss of 156.8 million New Zealand dollars ($103.8 million) due to an impairment charge.
It forecast a profit of NZ$10 million to NZ$20 million in its current financial year ending June 2021. That's an increase from its guidance in May due to a faster-than-expected return of live sports broadcasting after pandemic restrictions were eased in New Zealand.
The company said streaming customers had grown by more than 150% to 404,000 as of June due to its acquisition of the Lightbox and RugbyPass services.
The decline in satellite subscriber revenue slowed to 7.6% from 9.3% in the previous financial year, Sky said. It plans to launch a broadband internet service in 2021.
The company said it won't pay a dividend in the current financial year and will reevaluate its position on dividends in the following year.
Write to Stephen Wright at stephen.wright@wsj.com
(END) Dow Jones Newswires
Time to initiate plan B...
https://a.thumbs.redditmedia.com/xTP...Wpqd_tPrm4.png
I actually don't see the problem. Everything within guidence. In fact things have improved more so it actually looks very positive. I would have thought most would be happy.
Sky's on track for a few upgrades today / tomorrow. Just got to wait for them to come through. With a more positive story investor sentiment will change.