SKT - Sky Network Television

Started by Plata, Jun 11, 2022, 10:26 PM

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winner (n)

#1095
Dec 23, 2024, 07:05 PM
Market Close report -

Across the Tasman, the S&P/ASX 200 Index had risen 1.55% to 8192.4 points at 6pm NZ time, no doubt exhilarated by the A$3.4 billion (NZ$3.76b) purchase of Foxtel by the London-based sports streaming platform DAZN.

Previous owners News Corp and Telstra will take stakes of 6% and 3% respectively in DAZN, with shareholder loans to Foxtel of A$578m being repaid.

Paul Robertshawe, chief investment officer with Octagon Asset Management, said the purchase implied that Sky TV "is pretty cheap and it may prompt talk about someone wanting to buy Sky".

Sky TV, up 8c or 3% to $2.75, has a content-sharing agreement with Foxtel.

Shareguy

#1096
Dec 24, 2024, 09:09 AM Last Edit: Dec 24, 2024, 09:12 AM by Shareguy
DAZN buys Foxtell for more than 7x Fiscal 2024 Foxtel EBITDA.

Sky at $2.76 from Craigs note is currently at 2.3 times.............

https://www.businesswire.com/news/home/20241222637954/en/News-Corp-Announces-Agreement-to-Sell-Foxtel-to-DAZN-for-Enterprise-Value-of-A3.4-Billion

LoungeLizard

#1097
Dec 24, 2024, 05:51 PM
Quote from: winner (n) on Dec 23, 2024, 07:05 PMMarket Close report -

Across the Tasman, the S&P/ASX 200 Index had risen 1.55% to 8192.4 points at 6pm NZ time, no doubt exhilarated by the A$3.4 billion (NZ$3.76b) purchase of Foxtel by the London-based sports streaming platform DAZN.

Previous owners News Corp and Telstra will take stakes of 6% and 3% respectively in DAZN, with shareholder loans to Foxtel of A$578m being repaid.

Paul Robertshawe, chief investment officer with Octagon Asset Management, said the purchase implied that Sky TV "is pretty cheap and it may prompt talk about someone wanting to buy Sky".

Sky TV, up 8c or 3% to $2.75, has a content-sharing agreement with Foxtel.

Well, it was only a year ago that the SKY Board walked away from negotiations with an undisclosed private equity buyer who (it was rumoured) was offering $3.70 per share - from memory a 50% premium on the price at that time. We know negotiations were taking place but the Board didn't make anything public and shareholders are still none the wiser as to what the offer was.
Sky Boards, old and new, are notorious for putting their interests above shareholders, so I wouldn't hold your breath about a successful takeover anytime soon. 

Plata

#1099
Jan 22, 2025, 06:48 PM
Really climbing of late... all the rumours in the news? or do some people know some fact?

Ferg

#1102
Feb 05, 2025, 01:02 PM
Not a good sign...CFO of less than 12 months is being replaced from today.  Half year results due 21 Feb.
https://www.nzx.com/announcements/446243

Shareguy

#1103
Jun 03, 2025, 05:27 PM Last Edit: Jun 03, 2025, 05:29 PM by Shareguy

bulltrap

#1104
Jun 04, 2025, 01:21 AM
Quote from: Shareguy on Jun 03, 2025, 05:27 PMhttps://www.goodreturns.co.nz/article/976524335/sky-tv-s-rights-negotiation-goes-into-extra-time.html

This part took me straight back to my misspent Covid days, tuning to the Sky TV channel for the Ogg & MistaTea show. Wonder where they are now - so quiet around these parts.

QuoteRemember what I said about how Spark couldn't make it work? It begs the question – what do DAZN think they can do with even less of a brand presence and no subscriber base in New Zealand? The obvious move would be to buy Sky outright, even at a premium Sky would be a bargain compared to Foxtel. Perhaps they are more Machiavellian than that - DAZN could just outbid Sky on the rights and then after the inevitable crumbling of Sky's share price, try and pick it up at a lower price. The risk trade-off is you have an operational lag between acquiring the rights and Sky's assts which sees you unable to fulfil your contract rights – or monetise those rights.

Shareguy

#1105
Jun 04, 2025, 06:49 AM
Quote from: bulltrap on Jun 04, 2025, 01:21 AMThis part took me straight back to my misspent Covid days, tuning to the Sky TV channel for the Ogg & MistaTea show. Wonder where they are now - so quiet around these parts.


Agree bulltrap. Those two were very entertaining and very knowledgeable. Maybe they work for Dazn these days 😉

Shareguy

#1106
Jun 14, 2025, 12:34 PM
Craigs say

An article yesterday indicated that Sky and NZ Rugby have effectively reached an agreement for the National Provincial Championship (NPC) broadcast rights, with Sky and TVNZ set to share NZ rights. Sky is still in negotiations for the broadcast rights to (i) the All Blacks, (ii) other national teams, (iii) Super Rugby, and (iv) the NPC. With Super Rugby set to kick off in February 2026 and given our estimate that transitioning the filming/broadcasting/marketing of rugby from Sky to a new partner would take c.6 months, we believe NZ Rugby will need to finalise broadcast rights negotiations by September this year. As a reminder, we assume that Sky will secure the rights for $90m per year ($20m less than last cycle) which sets the firm up to pay a sustainable 30+cps dividend from FY26+, an 11% net yield at last close off $2.82.

Shareguy

#1107
Jul 02, 2025, 07:52 AM
Over $3. Confirmation of retaining the rugby to be announced soon.

30cps divi forecast. A lot to like.

Shareguy

#1108
Jul 22, 2025, 09:43 AM Last Edit: Jul 22, 2025, 09:45 AM by Shareguy
Sky buys Discovery for $1 buck on a cash free, debt free basis.

https://www.nzx.com/announcements/455410

And soon will be the announcement of securing the rugby, with a lot more games to be screened on free to air...

KW

#1109
Jul 22, 2025, 02:21 PM
Quote from: Shareguy on Jul 22, 2025, 09:43 AMSky buys Discovery for $1 buck on a cash free, debt free basis.

https://www.nzx.com/announcements/455410

And soon will be the announcement of securing the rugby, with a lot more games to be screened on free to air...

Discovery paid $20M for it in 2021.  What a disaster. 
Don't drink and buy shares in a downtrend, you bloody idiot.
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