SKT Sky Network Television Limited.

[mikelee]

Over ripe for a take over I reckon. If I were a billionaire I'd have swallowed SKY whole with my pocket change.

[Habits]

Over ripe for a take over I reckon. If I were a billionaire I'd have swallowed SKY whole with my pocket change.

Do we have long to wait mike... until you are a billionaire that is

[Almost-confused]

Used my votes to vote against Poomans re-election. I just hope everyone else does the same!!

[Sideshow Bob]

https://www.nzx.com/announcements/400206

Rugby World Cup agreement and Rugby Pass sale

[Baa_Baa]

https://www.nzx.com/announcements/400206

Rugby World Cup agreement and Rugby Pass sale

Seven year exclusive rights deal to 2029!
Sold Rugbypass

"every men’s and every women’s Rugby World Cup, the new WXV (international women’s fifteens competition) and the HSBC World Rugby Sevens Series."

Premium competitions secured include:
• Rugby World Cup 2023, scheduled to be held in France in 2023
• Women’s Rugby World Cup 2025, scheduled to be held in England in 2025
• Rugby World Cup 2027, scheduled to be held in Australia in 2027
• Women’s Rugby World Cup 2029, scheduled to be held in Australia in 2029
• Rugby World Cup Sevens 2026, location to be confirmed
• WXV (new global women’s competition) to 2029
• World Rugby Pacific Four Series (world’s top women’s teams: New Zealand, Australia, Canada and USA) to 2029
• Sevens Series Tournaments to 2029
• World Rugby U20 Championships to 2029

[moimoi]

The announcement mentions World Rugby will acquire RugbyPass, which SKY purchased for US$40M in August 2019.

What is the sale price.?

[Snoopy]

The announcement mentions World Rugby will acquire RugbyPass, which SKY purchased for US$40M in August 2019.

What is the sale price.?

Embarrassing.

SNOOPY

[Rustycage]

I think if they were proud of the figure they would have told us, so I’m gonna say it is minimal at best, $0 at worst

[moimoi]

What is embarrassing is this kind of corporate waffle announcement evidently meets the “disclosure” requirements of the NZX and ASX.

No figures provided despite the waffle referring to “this significant deal”.

Hiding behind the fake cloak of “commercial confidence” there is nothing for shareholders to base any analysis on.

Given SKY has just bought the rights to the next 2 Women’s Rugby World Cup’s surely it might be useful to the shareholder base to disclose the viewership numbers from this weekend…

GLTA.

[Baa_Baa]

Maybe I'm a less demanding shareholder, but the way I see it, securing exclusive rights to 7 years of WRC across all codes secures confidence for long term customer eyeballs; and offloading an underperforming loss making asset for an undisclosed value bundled into the rights deal is smart management.

You can look in the rear view mirror all you want and ask yourself woulda coulda shoulda, or worry about the whatif maybe mightbe, but Sky has turned around the business and that's all I bought into, the prospect of a return to profit - tick, return to dividends - tick, slashing costs - tick, growing non STB revenues - tick, declining legacy customer losses - tick.

If you're in this for a capital ten-bagger then I'd understand all the moaning, but if you've been patient and bought around the lows, have a medium-long term horizon, Sky imo is a good investment in sensibly apportioned balanced portfolio. Bet the bank on it - yeah nah. Modest portfolio long term hold - yeah.