Self made hedge operator
14 Feb 2018
Re: Low Sky Offer True about the cost per match - but there are more matches - so if they won the remaining packages they could pay an aggregate increase.The takeaway is that the market was worried that they would lose a load of matches or they would have to pay an increase of 20 to 30%. So a sign that the era of rampant cost inflation is over.
cimbom
14 Feb 2018
Re: Low Sky Offer Sky has chosen to pay £1,193 million per annum under the terms of the new deal, down £199 million per annum, a 16% cost reduction per game versus the current agreement.
Self made hedge operator
14 Feb 2018
Re: Low Sky Offer There is - the voting mechanism once regulatory clearance comes through.Looking like things are coming into place with the Fox concessions on governance and the TV football rights coming in at a modest increase.I would hope that the independent directors are talking to the large institutional investors on an improved price. The fact we are trading over the bid price implies so.
cimbom
13 Feb 2018
Re: Sky and BT maintain MAJORITY rights at R... Sky has extended its Premier League rights through to 2022 and will show more matches than ever before.With four packs of rights totalling 128 games a season - up from 126 matches currently - the deal to run from 2019 will offer Sky Sports viewers every first-pick weekend match, plus Saturday evening fixtures for the first time, all screened on Sky's dedicated Premier League channel.Following the outcome of the recent Premier League auction, Sky has acquired the following rights between 2019/20 and 2021/22:The biggest head to heads with every weekend 'first pick' and 14 'second picks'The best slots including Saturday tea time matches, Super Sunday, Monday Night Football and Friday Night FootballFor the first time, Saturday evening matchesThe agreement strengthens Sky's position as the best provider of the broadest range of content, which includes 10 channels of sport covering live Premier League, English Football League, Scottish Football, exclusive coverage of Formula 1 from 2019 to 2024, plus England cricket through to 2024.This great sport sits alongside the best drama, comedy and entertainment, which will include over 50 Sky Original productions over the course of 2018. These content investments across the whole portfolio reflect Sky's continuing journey towards a more broadly-based business which seeks to provide something for every household and everyone in the household
cimbom
13 Feb 2018
Sky and BT maintain MAJORITY rights at REDUCED PRICE! Sky and BT Sport have agreed to pay £4.464bn for live Premier League TV rights for three seasons from 2019-20.Five of seven live packages have been awarded, with bidding for the remaining two ongoing.There is interest from "multiple bidders" for these packages, the Premier League said.
Hardboy
13 Feb 2018
Re: 12 p dividend It was 10p and it was paid on 9th Feb. Check fundamentals tab to confirm.
lovelove
13 Feb 2018
12 p dividend what happened to the dividend we were getting should the bid not complete before the end of 2017?
Mr Shortie
13 Feb 2018
Low Sky Offer The bid for Sky is too low and there should be a means by us shareholders of rejecting the bid.
cimbom
12 Feb 2018
21st Century Fox propsoed solutions to CMA Today, the CMA has published details of the proposed solutions put forward by 21st Century Fox to address the CMA’s provisional concerns and ensure the continued editorial independence of Sky News in the event of the deal being approved.Those remedies include: A commitment to maintain Sky-branded news services in the UK for at least five years with similar levels of investment.A commitment to establish a fully independent, expert Sky News Editorial Board to guarantee the editorial independence of Sky News.A commitment to maintain and enhance the Sky News Editorial Guidelines to provide further safeguards that the Head of Sky News will retain control over editorial matters and the instructions given to journalists and other editorial staff. A commitment that no employee or officer of 21CF, or a member of the 21CF board who is a trustee or beneficiary of the Murdoch Family Trust will influence or attempt to influence the editorial choices made by the Head of Sky News.Sky has also released a statement today which says:“The Firewall Remedies proposed by 21CF are both effective and proportionate in addressing the CMA’s provisional concerns, building on Sky News’ existing strong editorial independence.”The process will now continue with consultation on the CMA’s provisional findings closing tomorrow.The final version of the CMA report will be sent to the Secretary of State by 1st May.
kryptes
12 Feb 2018
Re: Potential counterbid "have always thought the bid by Sky was on the low side"What bid by Sky? Do you mean bid for Sky? Or bid by Fox Corp?
Self made hedge operator
05 Feb 2018
Potential counterbid On CNBC now they are saying that sources indicate that Fox may get higher bids for the assets they are selling to Disney.Am obviously talking my own book here but have always thought the bid by Sky was on the low side. Could be time for the independent directors to earn their corn.
killermanjarrow
02 Feb 2018
Re: CMA I reckon it's a sell right now and I've just offloaded mine. Bidding for Premiership rights is about to happen and Sky will seem less attractive if they lose out. Similarly if they are deemed to have over paid then I think the market could react negatively.Good luck for holders and I hope you get your better offer.
JakNife
01 Feb 2018
Re: CMA There are a number of activist investors who've bought into SKY recently who have a reputation for lobbying for higher prices, eg see:[link] I think that the chances of Disney paying more are better than evens and am holding on that basis.
evenlongershot
01 Feb 2018
Re: CMA could a rival bidder come in at this point? Or Fox be pressured to up their bid from institutional investors? Broker targets and market chatter suggests £10.75 is a low ball offer anyway. Plus the sp is creeping up to pretty much bid point. I daren't sell out at this point just in case!
Hopeful Investor
31 Jan 2018
Re: CMA Tax position comes into play - cap gains in this tax year plus another set of cap gains after 6th Apri
