Sky Network Television's Result Highlights the Need to Ring Vodafone
We view Sky Network's fiscal 2016 result as a nonevent. Reported net profit after tax, or NPAT, of NZD 146.7 million (down 14.5%) was in line with management's projection in the Explanatory Memorandum to the proposed Vodafone New Zealand merger. Excluding the NZD 13.4 million cost incurred for this merger, the 10.8% fall in normalised EBITDA to NZD 338.7 million also met our expectations, as did the final DPS of NZD 0.15 (fully-imputed).What the result did highlight, however, was the pressure t...
SKY Television and its subsidiaries operate as a provider of multi-channel pay television and free-to air services in New Zealand across a range of platforms and to various devices. Co. and its subsidiaries have a portfolio of content encompassing entertainment, sports, movies, news and others. As of June 30 2015, Co. and its subsidiaries broadcasted a total of 121 channels, which comprised of 46 basic channels, 12 sports channels, five specialist channels, nine movie channels, 12 free-to-air channels, eight radio channels, 14 audio music channels, one pay-per-view (PPV) event channel, 11 PPV movie channels, and three PPV adult channels.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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