Share Name Share Symbol Market Type Share ISIN Share Description
Sky plc LSE:SKY London Ordinary Share GB0001411924 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +28.00p +2.83% 1,018.00p 1,014.00p 1,015.00p 1,015.00p 992.50p 995.00p 14,806,213 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 12,916.0 803.0 40.6 25.1 17,499.60

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Date Time Title Posts
15/12/201717:49*** Sky ***646
25/6/201720:50MURDOCH SUPORTS WAR ON IRAQ....CANCEL YOUR SKY SUBCRIPTION ..NOW!!86
26/1/201701:29Time to Look at Sky plc (SKY)-
17/8/201622:10Bare and Sky`s day trading thread111
07/10/201516:47SKY _ ACTIVE INVESTORS CLUB (SKY)1

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DateSubject
16/12/2017
08:20
Sky Daily Update: Sky plc is listed in the Media sector of the London Stock Exchange with ticker SKY. The last closing price for Sky was 990p.
Sky plc has a 4 week average price of 900.54p and a 12 week average price of 893.50p.
The 1 year high share price is 1,023p while the 1 year low share price is currently 893.50p.
There are currently 1,719,017,230 shares in issue and the average daily traded volume is 11,299,678 shares. The market capitalisation of Sky plc is £17,499,595,401.40.
14/12/2017
14:14
eaaxs06: I think the share price weakness since the announcement today is due to the rms from CMA at 12.19, stating that Disney doesn't think they are obliged to bid for Sky if they acquire 39% of the company. The CMA will have to rule under present conditions, not for 6/12 months ahead when a deal might (or might not) be completed. If they rule against the takeover, and Disney don't have to bid, no-one will be interested in bidding with a competitor holding a 39% stake.
07/12/2017
11:47
loginname: 10p special dividend on its way. “The CMA delay means that Sky shareholders will receive a special dividend of 10 pence (13 U.S. cents) per share "without a reduction in the offer price of £10.75 per Sky share," according to Sky's Oct. 12 earnings release.” "We can now confirm that the ex-dividend date will be 11 January 2018 and the dividend will be paid on 9 February 2018 to shareholders on the register at close of business on 12 January 2018 should the Offer not have completed by 31 December 2017," the company added.
17/11/2017
09:40
loginname: Found the bit about potential dividends in 2018. This means £10.75 + 0.10 in Jan + some dividends could result in SKY shareholders pulling down almost £11 once it's all over... "In addition, Sky Shareholders shall be entitled to receive any dividend declared and paid by Sky in the ordinary course in 2018 and prior to the Effective Date. The price of £10.75 per Sky Share shall be reduced to the extent that: the dividend in respect of the six months ending 31 December 2017 exceeds 13.06 pence per Sky Share; and the dividend in respect of the year ending 30 June 2018 exceeds 21.8 pence per Sky Share." From "Recommended cash offer for Sky Plc by 21st Century Fox Inc." ("sky-21cf-rule-2-7.pdf") here: hxxps://www.skygroup.sky/corporate/investors/21st-century-fox-offer
12/10/2017
12:35
walbrock82: Looking SKY, here are some interesting thoughts. Sky PLC is under takeover propose from 21th Century Fox, a firm owned by Rupert Murdoch. It is currently under government review, and the takeover price is £10.75 per share. Current share price stands at £9.13 per share, a discount of 17.7%. Anyone playing this takeover needs to do due diligence. especially those using leverage. There is a chance the deal would get block by the government. The huge discount means investors aren't optimistic this deal gets made. Before the takeover got announced, Sky’s shares were trading around £8. A miscalculation could potentially cost investors 12%. unless Sky PLC saw improving operational performance. First quarter update Main numbers are: - 5% increase in like-for-like revenue to £3.3 billion. - 11% increase in EBITDA to £582 million. Business in Sky has been getting along and we can assume cost savings are made because sales increase is smaller than EBITDA. Rule of thumb (2% growth in sales and 10% growth in operating profit = increase in operating margin.) (10% growth in sales and 2% growth in operating profit = decrease in operating margin.) Historical Performance Without much data from Q1 trading update. Let’s look at Sky PLC over the years. Although turnover has grown exponentially, SKY has struggled to grow EPS consistently. There is a lot of debt on their balance sheet, especially after their acquisition of Sky Deutschland and Sky Italia for £7bn. However, this resulted in net borrowing spiking from £6bn to £15bn in one year. Now, it stands at £18bn, which is 23 times larger than net profit (£700m). Despite the low interest rates, SKY’s interest cover is below their historical average of 6.4 times to stand at 4.7 times. Market Valuation With only the first quarter numbers out, there’s a lot of information to measure valuation. Most brokers are putting a “hold” on the stock with price target of £10.75. One broker is super optimistic with a £13 price tag. Using 2018’s forecast, EV/EBIT is on 15 times multiple, with EBIT margin at 10.8%, below their historical average of 17%. Final Thoughts If takeover review panel blocks 21th Century Fox acquisition, then the potential downside is £8 per share. But, SKY’s performance has been up and down if you delve into the raw data. It explains why net debt to market cap. has risen from below 10% to 60%.
16/12/2016
09:56
spob: 21st Century Fox makes £11.7bn formal bid for Sky https://www.ft.com/content/1ca0eb1a-c2c4-11e6-9bca-2b93a6856354 Takeover sets up showdown with smaller shareholders and UK and European regulators FT by: David Bond and Arash Massoudi in London and Matthew Garrahan in New York 15 Dec 2016 Rupert Murdoch’s 21st Century Fox has made a formal offer to take full control of Sky, setting up a showdown with smaller independent shareholders and a battle with UK and European regulators. The £10.75 a share all-cash offer for the 61 per cent of Sky that the US media group does not already own values the UK-based group at £18.5bn, and will cost Fox £11.7bn. The offer comes almost a week after the European pay-TV broadcaster announced it had reached an agreement with Fox on a proposed deal. James Murdoch, Sky’s chairman who is also chief executive of Fox, said he was confident the deal would pass “regulatory muster” and would be completed before the end of 2017. “We will be engaging with the relevant agencies and authorities,” Mr Murdoch told an investor call, adding that he was sure “no meaningful concessions will need to be made”. The UK government is unlikely to decide whether to refer the Fox takeover to Ofcom, the media regulator, before the new year. The deal is also expected to require clearance from the European Commission following Sky’s acquisition of Fox’s Italian and German TV businesses in 2014. £11.7bn deal was settled over two weeks of talks after several years in the offing Fox’s offer, which remains the same as the price agreed last week, values Sky at a 36 per cent premium to its closing share price on December 8, the day before news of the approach was announced. However, some smaller shareholders such as Standard Life, Jupiter Asset Management and Royal London have spoken out against the offer arguing that it undervalues Sky: its shares were trading at the offer price back in February. To sweeten the deal, Sky said it would pay a special 10p dividend if the transaction was not completed by the end of 2017. The Murdochs abandoned their last bid for Sky in 2011 amid the public outcry over the UK phone hacking scandal. Since then, their group has separated into two companies: Fox, which consists of a movie studio and television assets, and News Corp, which owns newspapers such as The Times and the Wall Street Journal. Abandoning the bid in 2011 cost News Corp a break-up fee of £38.5m; this time Fox will pay Sky £200m if it walks away from the deal. Fox said the combined company would help create a “consumer powerhouse reaching 100m households”. “This deal will enable us to be a leader for the next wave of content consumption growth,” James Murdoch added. 21st Century Fox confident that bid will not be derailed this time However, Sky faces challenges on a number of fronts, including sharp inflation in the cost of live sports rights and increased competition from BT and streaming services such as Netflix and Amazon. John Nallen, Fox’s chief financial officer, told investors the US media group would pay for the transaction with cash and $10bn of new debt. There would be no new Fox shares issued to pay for the deal, he said. A bridging loan would be used to finance the deal and replaced with longer-term financing once the takeover is completed. To speed up the takeover process Fox and Sky will pursue a “scheme of arrangement” takeover structure, which requires the backing of only 75 per cent of a company’s independent shareholders.
21/10/2016
09:47
boix: 21-Oct-16 UBS Buy - 1,310.00 Reiteration Some friends went yesterday and they are also at a loss to explain yesterday's fall. The audience response was favourable and there was no sense of concern amongst the invited guests. Even today's LEX column said the mobile numbers were easily deliverable. The Sky share price always seems to have unknown forces moving it? - Rupert?
02/10/2016
19:39
boix: Sterling taking the next leg down will offer further support to the Sky share price.
28/9/2016
06:23
boix: Sky was a gainer on Tuesday amid a retread of speculation that 21st Century Fox, its biggest shareholder, might be drawn into another takeover approach.Kepler Cheuvreux turned positive on Sky with an £11 target price. Worries about football broadcast rights inflation and a potentially shrinking market mean Sky has derated to a 45 per cent discount to its historical average, which puts its UK business on an implied valuation of just 7 times earnings versus a sector at 16 times, the broker said."In our view, this huge valuation gap may revive interest from 21st Century Fox," Kepler told clients."While [Fox chief executive James] Murdoch said at a recent conference that Fox was not lining up big deals in the short term, the 15 per cent decline in the pound, and a 23 per cent share price fall in Sky year to date, has made it nearly 40 per cent cheaper than what it was in dollar terms."On trading, Kepler forecast Sky's revenue growth to keep outpacing peers thanks to innovations such as its Now TV streaming service and Adsmart, its personalised advertising platform.And on broadcast rights, the broker highlighted that Sky's English and German top-league football deals run until 2020 and 2021, respectively, which is said gives the company a two-year period of "exceptional visibility on major sports costs".Sky closed up 1.6 per cent at 847.5p.
28/8/2016
09:18
raffles the gentleman thug: The time was ripe for Fox to pick-up the 61% of Sky which it did not already own, following the 32% year-to-date share price drop in the shares of latter is US dollar terms, analysts at Macquarie said. For Sky, a deal would help it to consolidate its content offering via Fox´s financial backing, which could well include Formula One, which was up for sale, the broker said in a research note published on 25 August. Europe´s pay TV market on the other has a structure which is "good" for strong incumbents such as London-listed Sky, with Fox facing a more difficult environment in the US. Fox could thus gain a premium distribution service, the broker´s analysts explained. "European pay TV markets are more concentrated, more vertically integrated, less penetrated into households, more flexible in terms of network packages offered, and generally cheaper than US pay TV bundles," Macquarie added. Indeed, proposed changes to regulations in Europe could be another tailwind for Fox if changes make broadcasters' online transmissions more easily available across borders. "This would reward scale and reach." But do the numbers add up? Yes, Macquarie said, adding that Sky´s shares remained "significantly" undervalued. In an all-cash deal scenario, with Fox stumping-up a "modest" 20% price premium, implied a take-out price-to-earnings multiple of 17 times´ Sky´s fiscal year 2017 earnings or 11 times EV/EBITDA, according to the broker. Syngeries on costs would add 3% to year three earnings per share and 25% by year 10. "SKY investors may well demand a higher premium, which we think Fox might be willing to pay for the long-term strategic logic of this deal." In a separate report published on the same day, Macquarie reiterated its 'outperform' recommendation on Sky shares with a target price of 1,400p.
19/7/2016
12:20
boix: Sky shares rise as RBC raises rating to 'outperform'Tue, 19th Jul 2016 09:28(ShareCast News) - Shares in Sky rose on Tuesday as RBC Capital Markets lifted its rating on the stock to 'outperform' from 'underperform' and raised its target price to 1,100p from 1,000p."Our view reflects (1) the lower share price; (2) de-risking of rights renewal in Germany; (3) upside from mobile rollout," RBC said."The rise in the price target is partly driven by our forecasts for higher outer year earnings in GBP terms from Germany and Italy."Sky last month paid €3.5bn to secure the lion's share of TV rights to German Bundesliga football matches. Earlier in the year the company also signed an agreement with Telefonica UK to launch a mobile virtual network operator (MVNO) on its network.Meanwhile, RBC said Sky could arguably afford to buy O2 following the failure of the Hutchinson takeover deal but does not believe it will do so."In our view, its optimal strategy is to roll out the MVNO, gaining scale quickly through bundled offers to the c.40% of UK homes that take Sky. Later on Sky could look to buy spectrum directly to reduce marginal cost.""Mobile through MVNO offers substantial revenue and cost synergies without the need to spend say c.£9.1bn buying O2 (6.5x EBITDA - a discount which we feel is justified given the blocked Hutch offer at 7.3x and lack of alternatives for the seller)."Sky can cross-sell mobile and sim cards to its own customers at extremely low subscriber acquisition cost, RBC added.The broker raised its revenue estimates by 5.2% in full year 2017 and 5.8% in 2018, partly driven by higher euro translation against the pound from the German and Italian businesses, which account for 30% of group revenue.Shares rose 1.82% to 896p at 0956 BST.
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