SKT Sky Network Television Limited.

[tango]

What a boring AGM.

The only thing I took away is that Vodafone is heading in the same direction as Spark.

Then Mista posts that Spark is going into pay per view.

Just lol

I’m enjoying ACC’s statements on the excess IFT fees! High point of the IFT meeting

[mistaTea]

Yeah, except for marginal value add activities, until they takeover Sky on the 10th

Honestly mate, after listening to all these dry balls old white men yibber yabbing in the IFT AGM...there is no way in Hell they are getting into anything exciting like the content wars.

Though your argument for why they might buy Sky given the low market cap, and ability to merge with Vodafone etc etc has merit...

I reckon they may have looked at it briefly and decided that their wholesale arrangement with Sky is sufficient. They get all of the great content Sky can secure without the headache. They may not see the long term value of owning an asset like Sky being significantly more than the current arrangement.

Obviously Sky competing in broadband and mobile is not going to be great for Vodafone (and the rest) - but I don't think the prospect of Sky Broadband is causing Marko to lose any sleep either.

[Ogg]

Honestly mate, after listening to all these dry balls old white men yibber yabbing in the IFT AGM...there is no way in Hell they are getting into anything exciting like the content wars.

Though your argument for why they might buy Sky given the low market cap, and ability to merge with Vodafone etc etc has merit...

I reckon they may have looked at it briefly and decided that their wholesale arrangement with Sky is sufficient. They get all of the great content Sky can secure without the headache. They may not see the long term value of owning an asset like Sky being significantly more than the current arrangement.

Obviously Sky competing in broadband and mobile is not going to be great for Vodafone (and the rest) - but I don't think the prospect of Sky Broadband is causing Marko to lose any sleep either.

I would agree with all that but...

Why did Vodafone and Sky attempt to merge in 2016!
What stopped them from merging?... Some BS ComCom decision.
What has changed since then! NOTHING.

[Ogg]

Just face it Mista. Take over is coming. Even Marko said that the capital raise was to "support" their existing businesses.

There's a massive war going on between Vodafone and Spark.

Spark have the cricket and are now going into pay per view.

If Vodafone don't respond they're gonna get left behind.

Not only that, Sky is going into broadband. Just lol.

Takeover is happening. Face reality.

[Quantitative Easing]

I would agree with all that but...

Why did Vodafone and Sky attempt to merge in 2016!
What stopped them from merging?... Some BS ComCom decision.
What has changed since then! NOTHING.

Everyone go make a complaint about how Spark is behaving...

https://comcom.govt.nz/make-a-complaint/complaint-form

[Ogg]

Everyone go make a complaint about how Spark is behaving...

https://comcom.govt.nz/make-a-complaint/complaint-form

They know they screwed up on that. They even said so. Sky didn't even appeal the decision. No way they would block a takeover now.

[Quantitative Easing]

They know they screwed up on that. They even said so. Sky didn't even appeal the decision. No way they would block a takeover now.

Both the commerce commission and spark lack integrity IMO. Now spark will outbid sky till sky looses all the sport right one by one. Sky has no moat and spark has deeper pockets.

[mistaTea]

I would agree with all that but...

Why did Vodafone and Sky attempt to merge in 2016!
What stopped them from merging?... Some BS ComCom decision.
What has changed since then! NOTHING.

Plan A for both companies was the merger. That failed.

Rather than appeal the decision they decided to do the current commercial relationship - it was the next best thing.

There is a big difference here - last time Vodafone did not have a comprehensive commercial arrangement for sky’s content. Now that they do, going through the whole ‘let’s attempt to merge...again...” may hold much less appeal.

The benefit may not stack up against the costs.

I am not saying that a takeover is not possible - I make no predictions in this space.

But I think it is also a bit ogg (I mean odd) to keep banging on like it is a ‘certainty’ when there is no real evidence to support that claim.

[Quantitative Easing]

Can we finish above the 30MA today? Can we break the 0.14c resistance? If we can we might go up to 16c till we hit resistance again.

[RTM]

Just face it Mista. Take over is coming. Even Marko said that the capital raise was to "support" their existing businesses.

There's a massive war going on between Vodafone and Spark.

Spark have the cricket and are now going into pay per view.

If Vodafone don't respond they're gonna get left behind.

Not only that, Sky is going into broadband. Just lol.

Takeover is happening. Face reality.

Infratil announce buy back...there goes a chunk of their cash.
20,000,000 shares
2.77% of their stock
Roughly $100,000,000
3.45mil saved on dividends.
Suppose it makes sense.
https://www.nzx.com/announcements/358383