BSkyB Share Discussion Threads

[undervaluedassets] 09/4/2014 10:11

Fox tried to BUY the whole company not long ago. The bid failed as much because of the Uk government as anything. Murdoch was effectively barred from buying the company.

Selling shares now is the exact opposite of what Murdoch wants to do.

Pierre What is it about this situation that you do not understand?

Murdoch's thwarted desire to buy the whole company is a confirmer (if one were needed) of what an astonishing success this company is and of the incredible value that he sees here.

[pierre oreilly] 09/4/2014 10:07

And how are sky covering the way the Champion's league is watched uva?

And next year, how will sky cover the way the Premier league is watched?

They are the money spinners imv - the million pounds per 30 second advert type stuff, due to the number of viewers they attract and the price they pay.

As to the low value commodity stuff, then sure, those who like that sort of thing have greater flexibility on how to watch them these days. Unfortunately, that means they can easily watch hundreds of commodity stuff for free, legally, by various means. My one off ten quid nowtv box (and tks for subsidising that btw) gives me hundreds of on demand channels (including premium stuff like the beeb which sometimes has ad-free premium films - like 'you are my son') for absolutely zero cost - not even a TV licence fee. Plus hundreds of specialist channels e.g. many indian cookery channels - basically even more stuff on demand than even the hundreds of commodity channels sky broadcasts. Free. Where's the future going do you think?

[pierre oreilly] 09/4/2014 09:51

Fox selling another half million quid's worth of bsy today. Good job these aren't going through the market, and also a good job the buybacks are.

[undervaluedassets] 09/4/2014 09:42

And BSY are covering all the flexible ways in which people watch TV.

More revenue streams from the different ways in which people buy TV and Televisual media.

[nightowl1] 08/4/2014 20:42

peopl are watching TV in much more flexible ways. The young don't like TV, let alone Sky. They are watching the footy on illegal websites, and hooking up their computer to the TV.

Holding my short until it settles down at a lower value

[pierre oreilly] 08/4/2014 20:40

UVA, Ignore what is written (because you have no response) and just reply with an ad hominem attack. That's the sky shareholder way!.

Any view on hsbc's 600p recent target price downgrade? Perhaps they're financially illiterate too?

[undervaluedassets] 08/4/2014 20:04

Well your ignorance is startling. but atleast I will not have to bother having another conversation with you.

"Buybacks made to support the shareprice when the business has a need for cash for things like tv rights is a short term distortion"

What are you blathering about ? . . . financial illiteracy of the first order.

[albany30] 08/4/2014 18:17

Nah, couldn't bring myself to do it.

Pierre Oreilly 8 Apr'14 - 17:08 - 1524 of 1524 0 0 (Filtered)

[albany30] 08/4/2014 16:53

I might take the eejit who is Rodney O'Reilly off filter just to read this comical understanding of buybacks . . .

[undervaluedassets] 08/4/2014 16:47

It is half a £billion that has been earmarked for buybacks Pierre.,

This verbatim from last results statement:-

"On 1 November 2012, at the Company's AGM, the Company was granted the authority to return GBP500 million of capital to shareholders via a share buy-back programme. This authority was subject to an agreement between the Company and Twenty-First Century Fox, Inc. (formerly known as News Corporation) (and others) dated 28 July 2012 whereby following any market purchases of shares by the Company, Twenty-First Century Fox, Inc. would sell to the Company sufficient shares to maintain its percentage shareholding at the same level as applied prior to those market purchases. The price payable to Twenty-First Century Fox, Inc. would be the price payable by the Company in respect of the relevant market purchases (the "2012 Share Buy-back Agreement")."

I get the impression that you do not know the function of share buyback....mmm Pierre? I would like to hear your take on their function. Come on what is the intention/function of a buyback?

[pierre oreilly] 08/4/2014 16:31

UVA, I really can't see how you can possibly believe in what you say. If Murdoch didn't want to offload, and Murdoch as a large shareholder can influence sky's actions, then why is he going along with the buybacks which he knows results in him selling, due to the agreement he arranged? Not many are gifted enough to offload large quantities of a company at an inflated price AND keep naive shareholders happy! Masterful.

The only reason sky isn't plummeting in price is because the buybacks are absolrbing the sells which would otherwise drive the price further down than they are already. I woudln't say this is obvious, I'd class it as self-evident. Only deluded shareholders in absolute denial could view it any other way. But current shareholders are the winners - the option is there to exit at a higher price (a la Murdoch) until the buybacks stop (when M will stop selling!), when future shareholders at that time will lose out as the price settles to that justified by the business rather than the inflated price due to daily buybacks.

Do you think, like me, that sky have thrown in the towel with the premier league, and is using the cash reserved for that for the buybacks? It's well into the hundreds of millions, which has come from some budget and isn't now available.

[albany30] 08/4/2014 13:58

Question is DMF, will you now buy BT at 350 (which might happen this week) or is it now beat avoided?The Champions League albatross hanging around BTs neck makes it obliged to bid for Prem Lge rights, a market that BSY will now make all the running for.If BSY cut BT out of Prem Lge rights, the damage to BT will be catastrophic. Certainly not a 'buy' yet.

[albany30] 08/4/2014 13:31

UVA - please put Rodney on filter as the rest of us have done. His comments suggest he's possibly a 15 year old filling his time, utterly clueless about financial markets yet he embarrassingly feels compelled to multi post. An authentic buffoonResponding to this dimwit merely pollutes the MB.

[undervaluedassets] 08/4/2014 12:24

Pierre.

All I will say is Murdoch is obliged to sell his shares into the buyback on a pro rata basis otherwise he takes over the company via the back door.

This state of affairs has been imposed on him by the regulator.

It is very simple.

I hope we buy back some more today - nice and cheap.

[pierre oreilly] 08/4/2014 10:48

This a response to UVA 'putting me right' on Mrdochs almost daily share sales! Classic!

uva - lol to that, Murdochs strategy works exceptionally well with his naive shareholders!

Yes he's obliged to sell.

It was the mega business brain of Murdoch which engineered that whole situation! It's really a brilliant masterstroke by him - he has to sell when the company under his influence buys back shares (which happens to drive the price up and allows him - nay forces him! - to sell at the elevated price!

Jeeze uva, I can understand you not understanding the situation when it hasn't been explained, but still not seeing it when it has smacks of incredulity!

[pierre oreilly] 08/4/2014 10:03

hsbc newly reduced price target 600p.

Murdoch selling almost daily.

Price supported purely by buybacks, which are having less effect daily, with the price now falling even on buyback days.

You don't have to be Einstein ...

[dmf] 08/4/2014 09:17

BT down to 368 - look at BT graph no support - further downside - another factor is BSY will force BT to overpay for football rights !

[undervaluedassets] 08/4/2014 07:13

BT lose the key person behind their TV strategy and in a panic grab someone from Sky (and Sky Italia ffs!!).

smacks of desperation

[pierre oreilly] 08/4/2014 00:50

uva, I think you may be missing what is actually happening with competition. No one is trying to compete with Sky's commodity tv - you know, the hundreds of now low value channels the likes of which are available freely by the hundreds. What Bt are doing is building a division comprised of the most highly valued TV of which premium football is the top of the lot and commands the highest value. The important metric iss the minutes of p[remium tv watched from the various suppliers - measure that once bt has the premium football they have already won off sky but not yet started broadcasting.

The days of sky charging 20 quid a month for commodity dross similarly available elsewhere for free these days is coming to a natural end imv. When the Ds and Es of sky's core customers realise hundreds of channels are available for free it's reasonable to assume they'll cancel their subscriptions (isn't that obvious?). These are the risks, amongst others, which hsbc sees and sets the 600p price target - a target which will be lowered in the future if even more price support buybacks temporarily distort the shareprice.

So Bt, having resources which drown sky's, will take what they want off sky - personnel as well as the most premium tv, and we have seen examples of both, and realists will realise that will continue. Looks like HSBC sees that, even if loyal shareholders can't, since it's slightly hidden by share buybacks on an unprecedented scale ime. It should be obvious that price support buybacks enhance the price in the short term (enabling sharehlders to exit at a temporarily inflated price) at the expense of the long term shareholders interests of the company - which has less cash for its operations at the same time as having artificially high ratios like pe

[albany30] 07/4/2014 16:01

BT dropping on a truly bizarre appointment - very worrying (for BT holders) that the unseemly haste to copy all things Sky has led to them appointing a Sky Italia employer with no experience of sports broadcasting or presumably of acquiring broadcasting content!What is going on over there? Suspect there is an unravelling mess behind the scenes. The slide continues . . . months since the last professional, positive RNS.BSY will be happy to sit back and watch for now, propping up its own share price with buybacks.

[undervaluedassets] 07/4/2014 10:45

All I know is that of the 25 hours of TV that every man woman and child watches on average per week;134 minutes of those hours was spent watching SKY last week and just 7 minute was spent watching BT television.

These are latest numbers gleaned from the BARB website and are considered unimpeachable within the industry.

I am sure that BT will garner a few more minutes BUT ..

I am equally sure that SKY will remain The super dominant player in pay TV.

[albany30] 05/4/2014 03:14

11 million subscribers . . .Support at 900 . . .Buy backs implemented again at the right time to back the share . . .A small hiccup y'day but - again - onwards and upwards.For BT, well, we await the sledgehammer next load of bad news. As with DMF, I'll be looking for 350 there.

[pierre oreilly] 04/4/2014 23:01

British Sky Broadcasting's share price took a knock on Thursday after analysts at HBSC said that the recent rally suggests that 'significant risks' are being overlooked.

HSBC said that fears about the upcoming auction of Premier League rights are likely to resurface following the stock's recent rally. The bank kept an 'underweight' rating on the broadband and pay-TV group, while the target price for the shares has been cut from 610p to 600p.

[dmf] 04/4/2014 15:14

Back over 900