Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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very pleasant to see the way share has gone up recently. Morning all.
Sp up again,Fox in the hen house?
But no cigar.
Close.
Due to your superb grasp of financials are you a forensic account?
If blocked by CMA or other body Sky can trade out of this?Yes/No. Always be careful when taking on a Billionaire.Most know how to make money. We live in interesting times. Makes you wonder why shares went up 1.42% today.
You're having a laugh Jimmy! Net debt 18 billion, profit 700k. I think the �8 figure is too high.
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%. You want to read more about companies releasing their results today, then click http://bit.ly/2yiGpUt
Sorry imo this is a �13 share.
has been justified. Gla.
on sky again evaded answering any questions.What a waste of space.
on sky yesterday, the Quasi Judicial can kicking.She has got bigger and louder. Buy range approaches.
share coming back into buying range irrespective of take over.Hard to proceed without last financials.
I read somewhere that the Dividend that was withheld due to the takeover would be returned to shareholders if the deal does not complete before end of 17. Is that correct and does anyone know how much and when?
I wonder if the Murdochs could be persuaded to amuse us with some form of dividend during the long wait for a decision. Having a scion as Chairman could prove expensive for shareholders. Putting the money in the Sky bank account must reduce their purchase price. I suppose it could also be argued that not all shareholders are being treated equally.
Karen Bradley has done as i previously said by over ruling OFCOM and kicked the can down the road using the CMA as her personal spotlight to keep her name in the headlines.When will the Conservatives start making policy showing we are genuinely open for business rather than the furtherance of their careers. I repeat many Countries would take Sky(and Fox) in a flash.The phrase "i am minded" should only apply to people with a basic IQ.The CMA with advise proceed as did OFcom and as all the Countries asked in eUrope have agreed. In general a lot feel we require a better level of MP,as i do.
Can kicked down the road as expected.Karen Bradley still keeps her name in lights due to indecision.Will the Company use the this as a reason to move to Ireland ? Silly if they don`t. " UK is open for business". LOL. Billionaires always have options. Sympathy to employees.
Sargee,whilst i did not mention MR Murdoch in my post ,he is well known as an astute Business man of the highest integrity who is held in the great esteem and employs over 30,000 people in the UK.Your comments are spiteful and full of envy.Likewise regarding Ofcom you seem devoid of facts and therefore are highly forgettable.
No it's because Murdock is so far up Sharon Whites arse head of Ofcom everyone in communications now call him toe nail because that is all you can see hanging out of her backside he is a parasite ,wants all the other companies to pay for networks so he can piggyback onto them for next to nothing .Bradley is right to refer it to the regulator.
Ofcom says no reason to refer deal to regulators. Bradley says " i am minded to do so". Could it be she likes the publicity as without it she would return to being a non-entity.Surely not. GLA
Referral to CMA after such a period would look extremely weak and indecisive.Whilst a yes or no would be preferable it is highly unlikely.A strong push to force us to accept £10.75 could well be coming. GLA>
Hope it doesn't effect the SP but it should never happen!
T/O looking decidedly negative by the day!
What's the next significant date/deadline in this tale?
an announcement due within the next year or two. GLA