Thanks Hiawatha. The Herald article I read suggested there would be sport content on TVNZ digital, so I blame my sources!
Ratkin: Get over yourself. If you have whinges about Metro's posts, alert them to the administrator. Read the terms and conditions, you will find his posts are perfectly acceptable. Try saying something positive (about anything!).
Pimpit: That is as may be, however Mr Market currently rates this stock at 595 (or thereabouts). I favour it for a number of reasons:
Near-monopoly in pay TV market
Dominant player in overall TV market (see Gaynor analysis above)
Outstanding management (see record over last 5 years)
Heavy cash flows and low relative debt levels
Benign regulatory environment (by comparison see TVNZ, strangled by its charter)
Excellent ebit margins and reducing churn
operating risk profile: low.
I rate it a good medium-long term hold and it will be staying in my portfolio for a wee while yet!
Bookmarks