Equity $409,266
Less:
Intangibles $57,357Add back:
ROU Assets $81,978
Goodwill $256,312
Current Lease Liabilities $41,219Net Tangible Assets = $107,502
Term Lease Liabilities $52,664
NTA per share = 6.15c
Printable View
dont know if a traditional NTA is applicable for this tech company because thats what it is..
Nta is great for buildings and farms.
In previous reports, the 'satellite' customer numbers included Vodafone TV.
This always seemed weird to me, as VTV is a streaming service.
Looking at the fineprint on Page 7 of the presso... the VTV customers are now included in the streaming numbers.
So that means that their direct satellite subs must have grown substantially indeed to hit 565K after deducting VTV customers that are now included in the streaming numbers.
To lift the subs that high ARPU has fallen of course, but ARPU was always going to have to give way to stabilise the base. I expect ARPU to fall further by the FY results, but satellite subs to increase further too.
Overall, I think a very good result.
The stock price went up a tiny bit, then back down lol.
I don't understand markets anymore.
market already priced it in.
Anyway who seriously believes sky is anything other than a trade? no way long term they compete against disney/netflix ... no way
Listening to conf call, CEO notes are pretty hard hitting, genuine and very KIWI like...