SKT Sky Network Television Limited.

[tqtq]

SKT at 0.14 AUD on the ASX. Up 7.7% today (so far)

[tqtq]

DJ Sky TV's Recovery Could Be Gaining Traction -- Market Talk
07 Sep 2020 10:22:54
0022 GMT - Macquarie Bank has growing confidence that the business transformation of struggling New Zealand pay TV company Sky Network Television is gaining traction and upgrades it to outperform from neutral. Sky, which has been losing its satellite TV subscribers to streaming services, could resume dividends from FY 2022, Macquarie says, as various initiatives such as the locking in of core rugby content, acquiring a streaming service and entering the broadband market stabilize its position. Sky's stock is at 14.1 NZ cents, which is down 86% on year, making it the worst performer in the NZX-50. Macquarie has a 12-month price target of NZ$0.34. (stephen.wright@wsj.com)

[tqtq]

News Summary
*DJ Sky Network TV Price Target Cut 11% to NZ$0.34/Share by Macquarie
07 Sep 2020 09:59:42

[Balance]

https://www.stuff.co.nz/entertainmen...an-for-viewers

Revisiting what Discovery purchase of Mediaworks TV could mean for Sky TV .

[tqtq]

https://www.stuff.co.nz/entertainmen...an-for-viewers

Revisiting what Discovery purchase of Mediaworks TV could mean for Sky TV .

Good article.

[Gregnz]

Am I reading into it too much, but it does seem convenient timing that Mediaworks have been looking for a buyer for a year, and 3 days before the sky annual result the sale to Discovery is announced.

It would seem that Discovery are sitting on good cash reserves, they have mentioned that they see NZ as a safe investment.

A purchase of Sky could very well result in Discovery owning the vast majority of free to air and paid tv programming in nz, tv3, choice, bravo, hgtv, prime, then all of the channels they supply to Sky, plus obviously securing the Sky customer base and potential to expand into broadband and streaming.
Also plenty of Discovery Inc content which we don’t have access to here even via Sky, could be a great avenue for them to supply additional content they have already produced.

[tqtq]

Am I reading into it too much, but it does seem convenient timing that Mediaworks have been looking for a buyer for a year, and 3 days before the sky annual result the sale to Discovery is announced.

It would seem that Discovery are sitting on good cash reserves, they have mentioned that they see NZ as a safe investment.

A purchase of Sky could very well result in Discovery owning the vast majority of free to air and paid tv programming in nz, tv3, choice, bravo, hgtv, prime, then all of the channels they supply to Sky, plus obviously securing the Sky customer base and potential to expand into broadband and streaming.
Also plenty of Discovery Inc content which we don’t have access to here even via Sky, could be a great avenue for them to supply additional content they have already produced.

It's not out of the question but Discovery would have to get the TV3 purchase approved by ComCom before making a move on Sky. If Discovery wanted both, they would have let Sky purchase TV3 and then they would have purchased Sky. That's what I think.

[flyinglizard]

For those people who said TV is dying, or SKT is dying, Discovery teaches them a good lesson.

Market Cap	10.847B
Beta (5Y Monthly)	1.40
PE Ratio (TTM)	11.93
EPS (TTM)	1.71

[Stranger_Danger]

For those people who said TV is dying, or SKT is dying, Discovery teaches them a good lesson.

Market Cap	10.847B
Beta (5Y Monthly)	1.40
PE Ratio (TTM)	11.93
EPS (TTM)	1.71

It doesn't pay a dividend and the share price hasn't moved since 2012.

Seems plenty dead to me?

[Stock888]

Dead? DISCA dropped from $42 to about $16 and rose to $32 then moving yoyo again. It looks like SKT will follow similar trend bounce back. I'm happy to hold my SKT average cost at 0.15 and sell them at 0.30 which still below the target price of Macquarie.