SKT - Sky Network Television

[Plata]

It doesn't look great for Neon although it might inflate profits in the short term losing the cost immediately while the subscribers are shedded over time. I imagine WB was not offering a good deal on the rights given they want to launch their own service here. Long term I think this reinforces the idea that Sky will only be able to compete on sports given they have a near monopoly already.

[LaserEyeKiwi]

It doesn't look great for Neon although it might inflate profits in the short term losing the cost immediately while the subscribers are shedded over time. I imagine WB was not offering a good deal on the rights given they want to launch their own service here. Long term I think this reinforces the idea that Sky will only be able to compete on sports given they have a near monopoly already.

Essentially in NZ they have a monopoly on sports rights only from having the NZR rights. Without that the whole bundle falls apart. So it is NZR who really controls skys fate at this point, in the form it exists today at least.

[seaweed]

Oh no, not another dividend on the way. Very quiet around here lately. Interim Results numbers looked pretty good on 26/2/26. Was going to sell a few but ended up buying more on the result day. They upped the div from 8.5c in March 2025 to 15c in March 26. At $3.39 it is paying about 8.8% yld. Goes ex div tomorrow.     

[Basil]

Forsyth Barr out with a note this morning raising their price target to $4.25 and projecting fully imputed dividends of 35, 38 and 40 cps for the next 3 years. (Noting the company itself is targeting 42 CPS for FY29. Gosh that's impressive dividend growth.

Trades cum the final divvy of 17 cps so on a theoretical ex divvy price in late Sept, i.e taking off the near term divvy from today's purchase price, ($3.65 - $0.17) = $3.48 it offers prospective gross yields of 14%, 15.2% and 16% for the next 3 years paid quarterly. Also noting the possible capital management initiative they called out for after 1H FY27 results, special divvy or buy-back and also noting there's no debt on their balance sheet and the very strong cash position. (Forsyth Barr forecasting a ~ $25m buy-back over the course of H2 FY27).
https://api.nzx.com/public/announcement/478735/attachment/475687/478735-475687.pdf

SKT calling out dividends of at least 35 CPS for FY27.
Trades cum a final 17 cps fully imputed dividend and I think shareholders can expect another 9 CPS, (new quarterly divvy) before Christmas.
I think these prospective gross yields are a "game-changer" and any self respecting dividend hound that loves divvy feeds would want a piece of this so I started up position today.