Who needs SKY when we have Ogg.
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Part of the reason I have held is because of Ogg but also Mistatea. As well as a few others.
As well as my own DD.
SP sub 17c already.
Stop dumping your shares Ogg.
I ass ume we will hear more about the Rugbypass number at the investor day. Be interesting to know what the uptake was for Super Aotearoa.
Re broadband - I am see more and more adds on the social platforms. I have also seen that you can sign up now even without been a SKY sub costs 109PM for non Sky. But that is on par with others and Sky is faster so they say.
I wanted to get but at the time needed to be Sky needed to get dish relocated and required electrician to move and run wires. I did think it was odd that the tech did not do this and found it odd that if they could not do they didn't have a recommended person. Unfortunately I still have not done and have not been followed up by tech to install Sky.
Soooo..... I am only a Neon customer right this moment. I know slack shareholder. But slack SKY as well , I thought they would be hungry as for a new Sub. oh well I will eventually get it sorted.
Ogg is Singapore he has always said he will take this company over if nothing happens.
https://broadband.sky.co.nz/
You can even get a 100Mbs fibre plan without being a Sky customer. $89/month as a standalone or $69/month if you have Sky starter.
I think the Investor Day will be great for updating the numbers on broadband, RP etc...
But also the plan moving forward for offering broadband bundles with streaming services. The existing deals are great for existing satellite subs...but I don't think brand new customers will be rushing at the door to get a Sky Box installed so that can save a few dollars on internet. It helps keep the existing subs 'sticky', but that is it.
A new STB could change all of that.
But the NEON/SSN bundles have the potential to be very popular I think.
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Of course, all of this is moot if Sky goes into a trading halt before the Big Day!!
Stock Takes: What KiwiSaver's $400m cash injection means for the NZX
I hope this headline in today's Herald bodes well for local shares like Sky TV :t_up:
I am really looking forward to the Investor Day. I think there are going to be a lot of very exciting things to cover and it has been a really great experience personally watching this business transform.
Sky is completely different now than it was two or three years ago.
I don't care much about the SP as you all know, except for it potentially encouraging unwanted takeover advances. Fortunately that has not happened (as baffling as that seems to me!).
I am absolutely open to a takeover - I am an investor at the end of the day. But the price has to be right.
I wouldn't like to see Sky go for any less than $700M in it's current state, given where the business is in its transformation and how much cash it still generates its owners. $700M would be 4x EBITDA (or about 4.8x adjusted EBITDA - IFRS16).
Those are low EBITDA multiples, and I think Sky is worth a lot more than that long term. But in terms of 'where the business is right now' and the changing environment, we can't really expect higher multiples of 6 or 7.
If anything does happen in this space prior to the Investor Day, I think anything under $700M would be selling Sky owners short.