SKT Sky Network Television Limited.

[Beagle]

https://www.nbr.co.nz/article/sky-tv...looms-b-207287

Ouch, those holding for the dividend have just got themselves skunked.

The root of their problems is their packaging methodology and pricing. Everything optional has to come with the basic package which at just on $50 a month is a complete rort.
If they stop abusing what little they have left of their pricing power they might be able to save some of the Titanic but what's the bet management and directors will simply rearrange the deck chairs or worse, do nothing.

[winner69]

https://www.nbr.co.nz/article/sky-tv...looms-b-207287

Ouch, those holding for the dividend have just got themselves skunked.

Jeez 18 years ago was last century

[Beagle]

Jeez 18 years ago was last century

Yeah, its so last century this share. Some analysts have given up on them, see the link. As fire optic broadband becomes more and more readily available the Titanic takes on more and more water and then...
(I think our street doesn't get it till 2020 and Sky will get the boot from our house the very same week we get proper broadband).

[hogie]

Yeah, its so last century this share. Some analysts have given up on them, see the link. As fire optic broadband becomes more and more readily available the Titanic takes on more and more water and then...
(I think our street doesn't get it till 2020 and Sky will get the boot from our house the very same week we get proper broadband).

You're assuming SkyTV will still be around in 2020?!

[Beagle]

You're assuming SkyTV will still be around in 2020?!

LOL yeah good point, a lot of people are getting proper broadband before we are. This thing is in systemic decline, the only question is how long can they keep the Titanic afloat. This thing a definite value trap if people are thinking of buying for the dividend yield they will probably find that their dividends come straight off the share price with extra losses just like today's example to rub salt into the wound.

[RTM]

LOL yeah good point, a lot of people are getting proper broadband before we are.

We live on the outskirts of town and may not get fibre to our address. Recently upgraded to Naked VDSL with Skinny, unlimited.
Wow...what a difference this is making. Didn't appreciate just how significant it would be having unlimited Broadband. The VDSL speed is excellent, the same or a little better than my son's fibre in Te Atatu North....Ooops...its meant to be Peninsular now. NETFLIX is giving us all the series and movies we are likely to need...will buy the odd DVD (eg Game of Thrones) perhaps from time to time. Can readily stream Fox News, CNBC (sometime) etc. Miss SKY sport....but can not see us going back there. Enough other sport to watch on Freeview or streaming, such as the Extreme Sailing series where a couple of Kiwi's are doing well. And its made us more social as well. We go out for dinner with a couple of bottles of red whenever AB's or other are playing. So my point....fibre not necessary to enable ditching Sky.

[bull....]

this news story probably contributed to the fall today .... bad for sky

http://www.nzherald.co.nz/business/n...ectid=11915194

[Baa_Baa]

We live on the outskirts of town and may not get fibre to our address. Recently upgraded to Naked VDSL with Skinny, unlimited.
Wow...what a difference this is making. Didn't appreciate just how significant it would be having unlimited Broadband. The VDSL speed is excellent, the same or a little better than my son's fibre in Te Atatu North....Ooops...its meant to be Peninsular now. NETFLIX is giving us all the series and movies we are likely to need...will buy the odd DVD (eg Game of Thrones) perhaps from time to time. Can readily stream Fox News, CNBC (sometime) etc. Miss SKY sport....but can not see us going back there. Enough other sport to watch on Freeview or streaming, such as the Extreme Sailing series where a couple of Kiwi's are doing well. And its made us more social as well. We go out for dinner with a couple of bottles of red whenever AB's or other are playing. So my point....fibre not necessary to enable ditching Sky.

Love your story, very similar to my own.

We haven't missed SKY, even sports, except their stupid retrograde step of removing daily and weekly Fanpass subs. Saving about $1200 per annum in Sky STB fees.

We also make the occasional visit to group therapy to watch the rugby live at a friends house, it seems to be a developing trend. Good on Sky for promoting community connectedness.

We're also on VDSL, there's no Fibre choice here in paradise, but very impressive performance suitable for a whole family streaming the internet simultaneously. Not waiting for Fibre, there's no need, got the unlimited broadband world streaming on VDSL into our place, it's quite the eye opener.

Best of all is connecting live on internet video with family all over the country and the world, it's brought everyone together in a most surprising way.

Sky really don't get it. No way I'd be a shareholder in this 'used to be' company, there's only one way for them and it's the wrong way, but a fast way to disrupted oblivion.

Sad really.

[Beagle]

Good stuff...must get around to getting VDSL, our old ADSL system is driving me loopy.

[BlackCross]

Good luck if SKY does disappear because you'll end up with the really crap free TV you probably deserve.