Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Flawless BSkyB at General Satellite News forum; Chris Forrester 03-08-2009 We reported on BSkyBs end-of-year results last week, and now the analysts have their say on BSkyBs ...

LinkBack Thread Tools Display Modes
Flawless BSkyB
Senior Member
manikr's Avatar
Posts: 177

Level: 12 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 0 / 283
Magic: 59 / 6006
Experience: 35%

Thanks: 3
Thanked 5 Times in 5 Posts
Join Date: Aug 2009
Flawless BSkyB - 04-August-2009, 12:18

Chris Forrester

We reported on BSkyBs end-of-year results last week, and now the analysts have their say on BSkyBs prospects. One forecast says Sky will add another 900,000 HD subscribers this current trading year, and an additional 1m in 2010-2011.

Morgan Stanley, in its note to investors, summed up the situation nicely, saying of BSkyB: Most company reports in both the media sector and the market over the last two weeks have highlighted poor revenue trends but substantial cost cutting to make earnings numbers.

BSkyB, by contrast, has reported accelerating customer volumes (the best for five years), threefold y-o-y growth in HD adds in Q4, and Q4 group revenue growth of over 9%. Operationally this was a flawless quarter. Financially it was in line, with annual EBITA of 780m up 4%. Operationally Sky is safely on target to achieve more than 10m subscribers by the end of 2010, and we have growth of another 0.9m HD subscribers to take the total to 2.2 million.

The key dynamic, says the bank, for broker forecasts is the anticipated rate of new HD additions in 2009/10. The lower the HD and subscriber growth number, the higher the forecasts. We are already at the upper end of HD subscriber growth forecasts at 900k (versus 815k added in 2008/9) and we keep this unchanged. The payback on an existing subscriber of upgrade to HD is around 24 months. A new subscriber taking HD as part of a new package take up produces a positive return within 12 months.

[BSkyBs] management has consistently told the market that it believes that it has been going through a double dip of investment related to the roll out of consumer broadband and the aggressive promotion of HD. As these work through, with consumer broadband losses now set to fall and the year on year investment in HD due to level out, the company should be able to produce sustained earnings growth.
Reply With Quote
The Following User Says Thank You to manikr For This Useful Post:
tellstar (04-August-2009)


bskyb, flawless

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.