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  1. #8041
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    Quote Originally Posted by mistaTea View Post
    Yea the wifi6 routers are supposed to get much better coverage than the typical wifi5 routers.

    Great to see your speeds are significantly higher than before but a shame it is still well short of the 900Mbs download potential.
    Uploads should be getting up to 400Mbs.
    Got asked by sky to do a speed test this evening as part of the broadband trial. Hadnít done one for a while and got a bit of a shock. Download speeds of 600Mbs and upload around 400Mbs in the room where the router sits - a lot faster than when we first cut over to sky broadband.

  2. #8042
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    Quote Originally Posted by Eden View Post
    Got asked by sky to do a speed test this evening as part of the broadband trial. Hadn’t done one for a while and got a bit of a shock. Download speeds of 600Mbs and upload around 400Mbs in the room where the router sits - a lot faster than when we first cut over to sky broadband.
    I got the call today to sign up. After signing up with the Sky rep it seems that it goes to the Vocus provisioning team, so I should get a call in a couple of days to set a date for the switch over.

    I am going to stick with my existing router set up - still wifi5, but the NIGHTHAWK is a very good router. Will be interesting to see what kind of speeds I can get.

  3. #8043
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    Quote Originally Posted by Baa_Baa View Post
    Clearly a troglodyte as you say, pouncing on virtually every reply to this thread, though asking patsy questions will tend to elicit only a muted reply. The SP Trend is up. There you go.

    That's what you want after all the endless chatter about the company and unlikely take-overs, you just want a nice high SP so that you can book a profit one day, maybe an obscene profit. Whether fundamental or technical analysis, maybe that's all we all want.

  4. #8044
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    Quote Originally Posted by mistaTea View Post
    I got the call today to sign up. After signing up with the Sky rep it seems that it goes to the Vocus provisioning team, so I should get a call in a couple of days to set a date for the switch over.

    I am going to stick with my existing router set up - still wifi5, but the NIGHTHAWK is a very good router. Will be interesting to see what kind of speeds I can get.

    Yes it's my understanding Vocus are also handling support branded as Sky so they're quite intertwined.

  5. #8045
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    Quote Originally Posted by allfromacell View Post
    Yes it's my understanding Vocus are also handling support branded as Skyso they're quite intertwined.
    Couldn't agree with you more...
    Last edited by mistaTea; 03-05-2021 at 09:15 PM.

  6. #8046
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    Donít come here often now as it seems nonsense out of some fairy story or something like that ...but can one of you summarise in one sentence what you all have been raving on about over the last week....and is it meaningful
    When investors are euphoric, they are incapable of recognizing euphoria itself.

  7. #8047
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    Quote Originally Posted by winner69 View Post
    Donít come here often now as it seems nonsense out of some fairy story or something like that ...but can one of you summarise in one sentence what you all have been raving on about over the last week....and is it meaningful
    Much ado about nothing.

  8. #8048
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    https://www.colliers.co.nz/en-nz/pro...nd/nzl67014021

    If this piece of sh1t is worth $8M+GST...imagine what Sky would get for their 26,500sqm property (net lettable area 9,300sqm)!

    Of course, no listing yet and no doubt the property sale will have been kyboshed because Vocus will need the space to combine HO and also add in a Data Centre etc...


  9. #8049
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    Quote Originally Posted by mistaTea View Post
    https://www.colliers.co.nz/en-nz/pro...nd/nzl67014021

    If this piece of sh1t is worth $8M+GST...imagine what Sky would get for their 26,500sqm property (net lettable area 9,300sqm)!

    Of course, no listing yet and no doubt the property sale will have been kyboshed because Vocus will need the space to combine HO and also add in a Data Centre etc...
    I thought that was the listing, I almost camed.

  10. #8050
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    https://www.nbr.co.nz/article/sky-na...ck-ck-p-210556

    Amazing to look back and see how things have changed over time.

    As recently as 2017, Sky and Vocus were insulting each other in the media over piracy.

    Vocus described the Sky Board as having "rocks in their head". Sky suggested Vocus NZ should check with their Aussie daddy before talking out of turn as Australia do expect blatant piracy sites to be blocked by ISPs (not sure how it actually works in Aus).

    Sky's arguments have some merit, but going to war with the ISPs was just stupid. As was going to war with the media outlets for showing clips of sport...they always should have taken a collaborative approach since their monopoly power was non-existant.

    And now here we are a few short years later, in a business partnership with none other than Vocus! Our partnership with Vocus is even closer than our Vodafone ties, and Vocus is worth so much more to Sky than Vodafone (with their paltry 40K paying VTV customers).

    Our relationship with Vocus is only going to become deeper from here. How deep? I have some thoughts on that.

    But what is important is that new management (for Sky) has been able to turn a foe into a very good friend.

    I like it.

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  12. #8052
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    Quote Originally Posted by Ogg View Post
    I think I did sight the listing earlier...in Never Never Land!

  13. #8053
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    https://www.colliers.co.nz/en-nz/new...-13-april-2021

    This is the only mention I can find of the Sky TV land sale on Colliers. Dated 13 April.

    Poor b@stards got half way through the month and still thought the sale was happening! That they would get a tasty commission!


  14. #8054
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    Quote Originally Posted by mistaTea View Post
    https://www.colliers.co.nz/en-nz/pro...nd/nzl67014021

    If this piece of sh1t is worth $8M+GST...imagine what Sky would get for their 26,500sqm property (net lettable area 9,300sqm)!

    Of course, no listing yet and no doubt the property sale will have been kyboshed because Vocus will need the space to combine HO and also add in a Data Centre etc...

    7.95m/3222sqm x 26500sqm comes to 65.3m .... shhhh don't tell Ogg, he will have heart failure
    Last edited by Habits; 04-05-2021 at 06:06 PM.

  15. #8055
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    Quote Originally Posted by Habits View Post
    7.95m/3222sqm x 26500sqm comes to 65.3m .... shhhh don't tell Ogg, he will have heart failure
    Let's just say that, for the sake of argument, the equation is that simple and Sky could get that amount for the property.

    It just makes even more of a mockery of the low quoted value of the business.

    If you could get all of the shares at the closing SP today you could buy Sky for ~$307M. You could immediately sell off a chunk of property as announced to the market and realise ~$65M.

    That means that you are effectively buying the Sky TV operations and remaining tangible assets for ~$240M.

    Zero debt too.

    That works out to be about 1.6 times projected EBITDA. Even if you adjust EBITDA down to allow for the lease costs captured under IFRS-16, you still have an 'adjusted EBITDA' multiple of 2.

    I appreciate that things are different for Sky now as they face serious competition, and the business needs to continue to adjust and adapt to the new landscape...

    But EBITDA multiples in the range of 1.6 - 2 is just plain ridiculous.

    Of course this is all a moot point as we suspect the land sale is no longer going ahead. After all, in the long term that 26,500 sqm of goodness will be worth significantly more than $65M to Vocus, given what they could do with it...

    Last edited by mistaTea; 04-05-2021 at 07:15 PM. Reason: typo

  16. #8056
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    As recently as April 28 Colliers were still banging on about the Skt TV property sale: https://www.colliers.co.nz/en-nz/new...-28-april-2021

    References out to a Vlog:

    https://www.youtube.com/watch?v=xVjWm4bvZSo

    At 3:03 he mentions Sky.

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  19. #8059
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    Healthy trading volumes today on the NZX.

    Was reading over the previous merger presentation. Just do a find and replace 'dafone' for 'cus', update the earnings figures for both companies and we have a deal. The arguments are just as strong today for a merger with a telco.

    Even more strong today than it was in 2016.

    I have been convinced since the announcement that Vocus will be Sky's broadband provider that the two companies are a match made in Heaven. There is no doubt in my mind about that.

    The only thing I have been less clear in my mind about is 'how' such a deal could be constructed. Especially with Sky's market value that is completely divorced from Earning Power.

    And isn't it obvious? The same type of approach that they took in 2016!

    Part cash payment, part equity.

    Cash: the new 'Sky 2.0' take on some debt to make the payment to Vocus AU.
    Equity: the balance of the payment is made by issuing new shares in Sky to Vocus AU. This allows Vocus AU to keep a hand in with a significant stake in Sky, realising large upside which will come over time.

    It also completely eliminates the problem around Sky's unreasonably low quoted value. Valuations based on sensible EBITDA multiples are required for each business to get the deal done.

    Sky is the bigger business by far in terms of Earning Power, so you can't do a deal with Vocus getting a stratospheric multiple of 9, while Sky only gets 3 or 4. No way could the Sky Board support that, or get shareholder support. No decent investment banker could recommend that in an independent report.

    The new business would be valued north of $1B and would hit the ground running with ~1M Sky customers as well as ~250K Vocus broadband customers. Only ~40K mobile customers, so huge growth potential here with the right bundles.

    And the most awesome part of a deal constructed in this way...I get to keep my shares! What is best for Sky and Vocus in the long term ends up being best for me too.

    Of all the crazy takeover 'theories' about Infratil, and NBCUniversal...and more recently Discovery...all just wishful thinking...

    ...a move to merge by Sky and Vocus is actually a business deal that has strong merit and makes sense (if I do say so myself).
    Last edited by mistaTea; 06-05-2021 at 06:47 PM.

  20. #8060

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