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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bskyb | LSE:BSY | London | Ordinary Share | GB0001411924 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 850.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 850.50 | GBX |
BSkyB (BSY) Share Charts1 Year BSkyB Chart |
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1 Month BSkyB Chart |
Intraday BSkyB Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/11/2023 | 12:22 | BSkyB (BSY) | 1,653 |
| 22/7/2014 | 15:57 | Ronnie Chopra says to BUY & HOLD in BSKYB (BSY) | - |
| 13/5/2014 | 09:00 | Only worth Ј2.46 on fundamentals.. | 35 |
| 13/11/2013 | 08:28 | BSY | 2,713 |
| 12/11/2013 | 08:25 | BSKYB..IS IT BEING SHORTED TO OBLIVION? | 24 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 25/7/2014 13:20 by essentialinvestor Not sure why the debate is so all or nothing here, plenty of PI'shold both BT and BSY. Today's deal may increase BSY's risk profile, however I would not be against this management team. Although BT sells on a lower multiple you need to factor in the pension deficit. Good prospects for both is my view, BSY may provide a better buying opportunity if we get some cautious comment, just IMV. Today just reverses the very sharp run up in the BSY share price over the past couple of weeks. |
Posted at 03/4/2014 11:40 by miata OrielBSY/BT reciprocal wholesale deal is unlikely. BT said BT Sport is about "changing the dynamics in the broadband market" and raising take-up of fibre. BSY opposes both of these. Separately, if say the price for PL rights rises 50% next time around, this means £123m extra cost for BT, whose annual FCF is c.£2.6bn. But for BSY, a 50% rise means £380m more cost against total FCF of c.£1bn. It is key to remember BSY profits directly from retailing premium sports TV, but BT only wants enough premium sports TV to acquire/retain more broadband customers (in competition with BSY). Any deal with VOD is unlikely to boost BSY's value. VOD is very unlikely to want to buy BSY because VOD Europe needs to buy fixed line networks; it already owns Cable & Wireless in the UK; c.50% of VOD UK's business is with enterprises; BT proved that key BSY assets (e.g. PL rights) are contestable. Also a commercial deal with VOD is likely to be problematic because each company has its own profit margin to protect; VOD UK came last in the latest independent evaluation of UK mobile network quality. Telecom regulation set to change from a tailwind to a headwind. First, BSY cannot maintain that customers will value connected TV services more but they will also keep choosing copper over fibre broadband. In VMED's footprint (c.50% of the UK), we estimate fibre+'superfast' broadband penetration rose from 22% to 39% in 2013. BT's fibre rates are c.2x copper rates, and they will stay unregulated at least until April 2017. Second, YoY change in BSY cost per copper line was -4% in 2013/14, but by 1 July Ofcom will decide whether this should be +1% or +3% in each of the next three years. Worsening economics trump excellent management. All the above imply growing strains on BSY's sales and costs. Also, despite strong take-up of paid-for subscription products, BSY's churn has edged up in each of the last five quarters. Lastly, subscriber numbers are increasingly meaningless because price promotions are more significant: YoY change in BSY's reported ARPU divided by the average take-up of TV, broadband and line rental only per retail customer was -1% in 2012/13 and -2% in H1 2013/14. Valuation. BSY is inexpensive relative to Europe's TV sector, but BSY's value drivers are very different. Also a "BSY has done it before; it will do it again" stance is high risk. BSY should trade in line with the UK market vs. a 25%+ P/E premium now. Lastly, BSY spent just £61m on buy-backs in Q1 2014 despite a residual c.£400m authority. |
Posted at 24/3/2014 13:44 by albany30 Ha ha, yes multiple Steve Ballmer impressions going on amongst BSY holders just now!Sky Bet info is very interesting. The shared European rugby deal with BT is imminent and that should boost the share price given BT thought they'd swiped the lot - again, naivety there.Have to also acknowledge BSY share price has been exceptionally strong in a period of sustained market turbulence. |
Posted at 24/3/2014 09:24 by dmf BSY share price all time high !!Heading for 1000p |
Posted at 04/3/2014 12:27 by dmf SP now back to were it was prior to BTs bid champions league - always knew BSY share price fall over done - BT has more of a problem as it has over paid for football rights - it also must sort out its massive pension deficit Ofcom needs to come dowm hard on BT follow various price increases ! |
Posted at 25/2/2014 01:04 by pierre oreilly I've just done the simple calcs to see the eps enhancement due to the many price-support share buybacks sky has recently made. Some seem to think lerss shares in issue translates into a high price change for a constant p/e.Well the numbers are approx Shares in issue around start of share price support buyback, early Nov 13, 1,591,799,334 at an approx price post the CL loss, about £8.10. Shares in issue now, late Feb 14, 1,575,429,198 at an approx price about £9.40. Shares boughtback approx 16,370,136. That's about 1.03%, meaning a 1.03% price improvement due to fewer shares, which means the price at the same valuation is about £8.20, up from £8.10. So that's the effect of fewer shares, an approx 10p price increase from £8.10 to £8.20. The cost, assuming an average price of around £8.50, is about £139m. That's the cash sky has spent supporting the price, and driving it due to the mechanics of buying from £8.10 to £9.40, all other things being equal. The thing is, on a constant valuation basis, the price should be £8.20 - and probably less to reflect the £139m cash sky has just spent,and of course is now unavailable to meet the increasing content costs. 21st Century Fox (Murdochs vehicle) has dumped approx 6,400,000 shares in bsy raising Fox approx £54m during this buyback, - appreciate it if anyone could confirm these numbers which i believe are approximately correct. |
Posted at 18/2/2014 22:48 by harvester Pierre:We can certainly agree that Murdoch is a wily old fox who will shrewdly manipulate things to his advantage . That's why it would be very good news if the company could extract itself away from his influence but if and how that could be done is another thing and may just be wishful thinking . Regarding buybacks: Let's just for simplicity of arithmetic assume that the company has 10K shares in total of which Fox hold 4K giving them a 40% voting share. Total BSY shares Buyback FOX Sale Other foxshares % fox holding Start 10K 0 0 0 4K 40% (2) 9K 1K 0.4K 0.6K 3.6K 40% (3) 8K 1K 0.4K 0.6K 3.2K 40% and so on . Hence Fox can raise cash while maintaining their voting% but other shareholders also get the chance to offload . Correct??? Undoubtedly the buyback puts upward pressure on the share price and is costing the company more and more as the share price increases . I don't quite follow your argument that the share price drifts back to the original when buyback stops. After all, at the end of the buyback program their will be fewer shares in circulation and much reduced free float of shares . Technical arguments apart , this has been a great day for BSY and BT shareholders while I executed my little sales too early yesterday before this sudden rise . Not quite sure how that relates to the VOD effect since index trackers would need to adjust all their FTSE positions . |
Posted at 18/2/2014 09:16 by pierre oreilly Harv - regard point 3 - I can assure you I am perfectly correct in what I stated, it's all there in the daily RNSs, Murdoch, via his ownership vehicle in bsy, is selling in quantity most days.I didn't suggest he was lowering his percentage of voting rights - in fact the RNSs tell us he is keeping exactly the same percentage voting rights - his shareholding is lowered in exactly the same percentage way as the daily and persistent price support buybacks Sky is spending hundreds of millions on (quite surprising given the much higher cash needs due to the rapidly increasing content prices they'll have to pay to stay in the game. (Has anyone at all here done the simply analysis to see how sky's available cash is diminishing due to supporting the share price?) the structure under which Murdoch is dumping his bsy shares almost daily and in quantity really is a brilliant piece of business acumen (as you would expect from Murdoch - whatever else can be said, he has a brilliant business brain). He's dumping millions of shares, raising lots of cash, and keeping the same influential hold on sky and - to boot - has the excellent excuse for those sales that he has no option to sell due to past agreements. While that's true, it is the acumen and business insight to set up those agreements in the first place - really a touch of genius for those who can see it. In all my years of investing, I have never beofre seen company buybacks on such a scale. Almost daily for months. The price support works fine until the price support and buybacks end, when the price will return roughly to the pre-buyback p/e, in the absence of any other factors. Contrary to those who rely on Wiki for their information on the effect of price support buybacks, the change in p/e due to the lower number of shares in issue is absolutely tiny (can anyone else also work it out for sky's buybacks?) and yet the price is boosted significantly by the mechanics of the buybacks through the market driving the p/e to a level not justified by the business - hence the inevitable price drop when the price support mechanism is reduced or ceased altogether, and the p/e returns to a level the business justifies. Buybacks on this scale simply give an exit point for shareholders at a much higher price than would otherwise be the case for a limited time. |
Posted at 17/2/2014 22:55 by harvester Pierre :(1) Yes, BT has more than twice the market cap of BSY . Share buyback impact should be viewed against that . (2) Yes, BSY share buy-back program appears larger than BT's . BSY announced buyback over one year of 238mill shares or £500mill to be viewed against total of 1.575bn shares . BT announced share buyback of 24 million shares in February/March 2014 to be viewed against total of 7.9 bn shares approx . Not strictly comparable since not yet known what buy-backs BT will run for the rest of the year . (3) I wish you were right on your last point of Murdoch offloading. Many BSY shareholders would welcome that and it would enhance the reputation and attractions of BSY . However, under the BSY RNS dated 22.11.13 Fox Inc will deliver some shares for the buy-back but Fox will maintain its % of shareholding so that there is no change of voting rights . So they are not yet surrendering or reducing control. 4) BT shareholders have been richly rewarded this last year but BSY shareholders have also had a good run with divi of 3.34 better than BT's 2.35 and rising share value, admittedly enhanced by the buy-back program . Todays appeal Court ruling appears to be a small points victory for BT but I wonder if that could also back-fire as BT acquires more sporting rights which clearly they are trying to achieve . |
Posted at 05/2/2014 11:59 by albany30 BSY did several buy backs when the share price dropped after the Champs League over reaction - why? Because they viewed the share as under priced, a fundamental reason for buying stock. Same as the posters on here who bought BSY stock (on that note, any weirdos here who don't hold BSY but just want a bit of company?).These buy backs also show the company's belief in its own stock, of course. The buy back yesterday was to cancel the shares, which creates fewer shares in circulation, which in turn increases the value of the remaining shares. Shouldn't be any confusion about what BSY are doing.Harvester - I rate your comments but Pierre O'Reilly aka Rodney O'Troll has an increasing profile on advfn's 'most filtered' list for a reason. It's not worth engaging a lonely oddball who wants someone to hold his hand in the big bad world of share trading . . . a BSY non-shareholder spending every lonely day on BSY's boards? Your garden variety troll is young Rodney. Sad, very sad.Anyway, BSY have been proactive in every area since BT - who have announced nothing since October - started putting their hand in the air, and that includes the actual stock. Also sounds like BT have another battle on the go . . . with Talk Talk.Continuing in the manner of the last six weeks, 900 should be tested imminently. Not that I want to sound like BTs guru, monty of course. |
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