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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sky | LSE:SKY | London | Ordinary Share | GB0001411924 | ORD 50P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 1,727.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1,727.00 | 1,727.50 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 1,727.50 | GBX |
Sky (SKY) Share Charts1 Year Sky Chart |
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1 Month Sky Chart |
Intraday Sky Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/11/2018 | 08:38 | *** Sky *** | 957 |
| 12/7/2018 | 01:53 | Sky Plc (SKY) One to Watch on Thursday | - |
| 25/6/2017 | 21:50 | MURDOCH SUPORTS WAR ON IRAQ....CANCEL YOUR SKY SUBCRIPTION ..NOW!! | 86 |
| 26/1/2017 | 01:29 | Time to Look at Sky plc (SKY) | - |
| 17/8/2016 | 23:10 | Bare and Sky`s day trading thread | 111 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 15/10/2018 22:58 by margjowood Google alert@skygroup.sky I' m no expert either but as I said in an earlier post Comcast appear yo have extended offer. Why not phone Link Asset services ( number on blurb that came with offer letter) and ask if you should post your acceptance plus share ceftificate(s) now? Sky link suggests Comcast willing to buy more shares from shareholders until further notice. |
Posted at 11/10/2018 08:21 by margjowood See alert@skygroup.sky Says Comcast will seek delisting of sky shares now have majority and offer is unconditional. Should happen by 7 Nov. However Comcast intend to extend offer to until further notice which I would take to mean can still sell to them at offer price |
Posted at 16/9/2018 20:22 by hades1 Bidding War for Sky Inches Closer 09/16/2018 | 05:15pm BSTBy Stu Woo and Ben DummettLONDON -- The victor in a very public bidding war between 21st Century Fox Inc. and Comcast Inc. for British broadcaster Sky PLC is likely to be decided in private.U.K. corporate-takeover rules could require a sealed-bid auction -- also known as a blind auction -- to conclude what might otherwise become a never-ending game of ever-sweeter bids.In such auctions, bidders submit secret offers to a third-party arbiter. They are common in all sorts of commercial transactions, including home sales, cellular-airwave auctions and bidding for professional athletes.They are very rare, however, when it comes to high-profile deal making involving a big public company. Sky is a British broadcasting giant with a stock-market value of GBP26.8 billion, or $35 billion."The scale and magnitude of the potential auction is something we haven't seen in recent history," said Tyler Tebbs, a London-based analyst at Olivetree Financial Ltd., which focuses on analyzing deals.Britain's Takeover Panel, a regulatory body that polices corporate deals, last conducted one in 2008. Wisconsin-based Manitowoc Co. beat Illinois Tool Works Inc. with a $2.7 billion bid for British food-equipment manufacturer Enodis.Rupert Murdoch's 21st Century first proposed buying the 61% of Sky that it doesn't already own in December 2016 for GBP10.75 a share. After the proposed deal hit regulatory and political hurdles, Comcast in February announced its own bid to buy all of Sky for GBP12.50 per share, or $31 billion.In July, Fox sweetened its offer to GBP14 a share -- only for Comcast to counter the same day with GBP14.75 per share, valuing Sky at $34 billion. On Friday, shares closed at GBP15.78, as investors anticipate a higher offer from one side or the other.Amid all that, Comcast and Walt Disney Co. separately traded bids to buy Fox. Disney won that contest, agreeing in July to buy a chunk of Fox assets, including its existing Sky stake, for $71 billion.That leaves a deal for Sky the only bit of unfinished business between the three media giants -- pitting Fox, backed by Disney, against Comcast. Disney and Comcast have both said they covet Sky's international footprint and its ability to sell both telecom services and original TV programming.Mr. Murdoch and his family are major shareholders in both Fox and News Corp, which publishes The Wall Street Journal.Under U.K. takeover rules, Fox and Comcast could still avoid an auction if one or both submit a "best and final" offer by Sept 22. Neither side is likely to do so, according to people familiar with each company's thinking. Either side could also still drop out of the auction.Sealed-bid auctions are more typical in lower-stakes sales. Major League Baseball used them for Japanese players. In 2006, the Boston Red Sox won the rights to Daisuke Matsuzaka with a $51 million sealed bid that beat out the New York Yankees and other rivals.Telecommunica |
Posted at 16/9/2018 04:45 by hades1 From todays Sunday TimesCrunch time for SkyThe £26bn saga for control of Sky is set to go to a winner-takes-all auction run by the takeover watchdog after media giants Comcast and 21st Century Fox were unable to land a knockout blow, writes Peter Evans.The Takeover Panel will announce terms of engagement for the auction as early as tomorrow morning, including its length, the number of bids allowed and whether it will be conducted in public or private.An auction could be avoided if Comcast or Fox makes a final offer for Sky and the rival drops out. Sources on both sides viewed a conclusive bid as unlikely. Fox and Comcast declined to comment. |
Posted at 09/9/2018 16:47 by hades1 They both want and need Sky.I suspect they both know that who ever wins will be seen to have over paid, at least initially. But they both must take full ownership of Sky but maybe especially Disney, as without it they will have overpaid for the other Fox assets. In turn, Comcast will pay whatever it takes to win. So the final price will be very high. Key to the valuation is Sky Now (an OTT platform as Netflix) which is bigger than Netflix in the markets it operates - for Comcast add Sky Q which is technologically streets ahead of their US offering so if Comcast win then short ARRIS. It’s a game of survival for both Comcast and Disney in this market. I believe they have both locked-in tbe existing Sky management, so they will remain whoever is victorious. |
Posted at 07/8/2018 18:38 by hades1 Just been picked up by news wires21st Century Fox Makes Formal Offer for Sky in Bidding War Against Comcast 21st Century Fox said Tuesday that it has posted its offer document to shareholders of British pay-TV operator Sky, as it aims to win out over a higher bid from Comcast. Fox said that after receiving clearance from British regulators, it has now made its 14 pounds-a-share ($18.13) offer formal. The deal is dependent on acceptances representing 75% of Sky shares that Fox doesn't currently own. Fox already has a 39% stake in Sky. However, Fox said it reserves the right to reduce the acceptance condition to a level not less than a simple majority of all Sky shares. Sky had received a GBP14.75 a share offer from Comcast, valuing the company at $34 billion, and a 5% premium to Fox's bid. Comcast's latest offer was recommended by Sky's independent directors, who withdrew their earlier support of the Fox bid. Sky shareholders have until Aug. 22 to accept or reject the Comcast bid. Shares in Sky closed up 0.3% at GBP15.20 on Tuesday. Write to Adam Clark at adam.clark@dowjones. |
Posted at 28/7/2018 17:38 by hades1 WSJ Today - Disney in my view will be back as they need Sky's expertise in their OTT platform and satellite distribution.The fate of the pay-TV operator remains the biggest question. Fox wants to consolidate its ownership of Sky ahead of the Disney deal, but Comcast currently leads the bidding at $34 billion.Disney executives, who have the final say on whether Fox continues its pursuit of the remainder of Sky, have indicated they will resist a "split the baby" scenario that cedes it to Comcast. Resolving the Sky portion of the deal with Comcast isn't a condition of the deal closing.Even without Sky, acquiring Fox would make Disney -- already the world's largest entertainment company -- a significantly bigger force at a time of unprecedented box-office success for the company.But Disney has had to learn quickly how to navigate a media landscape redefined by newer tech rivals like Netflix Inc. and Amazon.com Inc. In the past several years, direct-to-consumer offerings like Netflix have reoriented entertainment customers away from movie theaters and traditional cable bundles, which drove Disney's ESPN division to billion in profits.Disney plans to use the Fox library and majority ownership of Hulu to bolster its own plans to launch a streaming service in late 2019, piping the company's "Star Wars" and Marvel Entertainment programming straight into the home.Disney CEO Bob Iger made the direct-to-consumer strategy his core focus at the company in 2017, and then decided to pursue the Fox acquisition because it would bolster that effort, according to people familiar with his thinking. Though Mr. Iger built Disney through acquisitions like Pixar Animation Studios and Lucasfilm Ltd., the Fox merger is his priciest deal by far.With the deal one step closer to completion, the rest of Hollywood is figuring out how to compete against the newly formed monolith.Netflix has announced it will spend more than $8 billion on programming this year, a way for it to plug some of the hole left by the Disney-Fox movies and television shows that will leave the service when Disney's competing service launches. AT&T Inc.'s acquisition of Time Warner Inc. has many media executives expecting other platform providers to try to marry distribution with production.Write to Erich Schwartzel at erich.schwartzel@wsj |
Posted at 06/2/2018 10:28 by eaaxs06 I’m quite surprised how much the share price has come off in the past couple of days.Does the broad market sell off affect the Sky price that much? The £10.75 bid is still on the table, with a 13p payment going xd end of March, makes for an total of £10.88. With the deal ‘expected̵ Seeing the price down to £10.40 this morning was strange, maybe the markets know something I don’t? |
Posted at 17/11/2017 09:40 by 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. hxxps://www.skygroup |
Posted at 12/10/2017 13:35 by 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%. |
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