Recent Insider Transactions • May 27
Independent Deputy Chair recently bought AU$255k worth of stock On the 20th of May, Keith Smith bought around 100k shares on-market at roughly AU$2.55 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Keith's only on-market trade for the last 12 months. Recent Insider Transactions • May 17
Independent Chairman recently bought AU$113k worth of stock On the 12th of May, Philip Bowman bought around 43k shares on-market at roughly AU$2.62 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Philip has been a buyer over the last 12 months, purchasing a net total of AU$272k worth in shares. Reported Earnings • Mar 02
First half 2026 earnings released: EPS: NZ$0.38 (vs NZ$0.014 loss in 1H 2025) First half 2026 results: EPS: NZ$0.38 (up from NZ$0.014 loss in 1H 2025). Revenue: NZ$423.1m (up 8.2% from 1H 2025). Net income: NZ$52.2m (up NZ$54.2m from 1H 2025). Profit margin: 12% (up from net loss in 1H 2025). Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Media industry in Australia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Declared Dividend • Mar 02
First half dividend of NZ$0.18 announced Shareholders will receive a dividend of NZ$0.18. Ex-date: 12th March 2026 Payment date: 27th March 2026 Dividend yield will be 11%, which is higher than the industry average of 5.3%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 45% over the next 3 years. Since a fall of 41% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. New Risk • Feb 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Feb 26
Sky Network Television Limited Announces A New Distribution for Six Months Ended December 31, 2025, Payable on March 27 , 2026 Sky Network Television Limited has announced a new distribution for six months ended December 31, 2025 in respect of its ordinary fully paid foreign exempt NZX shares (SKT). The announcement was made on 26 February 2026. The distribution amount is NZD 0.17647059 per share. The ex-date for the distribution is 12 March 2026, and the record date is 13 March 2026. The payment date has been fixed as 27 March 2026. Announcement • Jan 16
SKY Network Television Limited to Report First Half, 2026 Results on Feb 26, 2026 SKY Network Television Limited announced that they will report first half, 2026 results on Feb 26, 2026 Announcement • Jan 12
Sky Network Television Limited Announces CFO Changes SKY Network Television Limited confirmed David Mackrell commenced with Sky on 12 January 2026. David is a highly-regarded professional with deep experience working for leading customer brands in a listed environment and we look forward to his positive impact. The company is grateful for the significant contribution Andrew Hirst has made in the role of Interim CFO since January 2025. His excellent stewardship enables a seamless transition to David. Announcement • Sep 10
SKY Network Television Limited, Annual General Meeting, Nov 21, 2025 SKY Network Television Limited, Annual General Meeting, Nov 21, 2025. Location: the maritime room, princes wharf, auckland New Zealand Recent Insider Transactions • Aug 29
Independent Chairman recently bought AU$142k worth of stock On the 26th of August, Philip Bowman bought around 50k shares on-market at roughly AU$2.84 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Philip's only on-market trade for the last 12 months. Declared Dividend • Aug 25
Final dividend of NZ$0.16 announced Shareholders will receive a dividend of NZ$0.16. Ex-date: 4th September 2025 Payment date: 19th September 2025 Dividend yield will be 8.7%, which is higher than the industry average of 5.3%. Sustainability & Growth Dividend is not covered by earnings (150% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 66% to bring the payout ratio under control. EPS is expected to grow by 35% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 22
Full year 2025 earnings released: EPS: NZ$0.15 (vs NZ$0.34 in FY 2024) Full year 2025 results: EPS: NZ$0.15 (down from NZ$0.34 in FY 2024). Revenue: NZ$758.4m (down 1.1% from FY 2024). Net income: NZ$20.2m (down 59% from FY 2024). Profit margin: 2.7% (down from 6.4% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Media industry in Australia. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Aug 22
Sky Network Television Limited Announces Ordinary Fully Paid Foreign Exempt NZX Distribution for the Six Months Ended June 30, 2025, Payable on September 19, 2025 SKY Network Television Limited Announced Ordinary Fully Paid Foreign Exempt NZX Distribution of NZD 0.15882353 per share for the Six Months Ended June 30, 2025, Payable on September 19, 2025, Ex Date; September 4, 2025
Record Date; September 5, 2025. Announcement • Jul 31
SKY Network Television Limited to Report Fiscal Year 2025 Results on Aug 22, 2025 SKY Network Television Limited announced that they will report fiscal year 2025 results on Aug 22, 2025 Announcement • Jul 22
SKY Network Television Limited (NZSE:SKT) agreed to acquire Discovery Nz Limited from Discovery Networks Asia-Pacific Pte Ltd. for NZD 1. SKY Network Television Limited (NZSE:SKT) agreed to acquire Discovery Nz Limited from Discovery Networks Asia-Pacific Pte Ltd. for NZD 1 on July 22, 2025. As part of the acquisition, SKY Network Television will acquire 100% shares in Discovery NZ Limited. The consideration of NZD 1 is based on a cash-free, debt-free basis. The combined portfolio will give Sky significantly increased scale, diversity and mass reach that will unlock more opportunities in advertising and maximize the return on its investments in content through a strengthened, multi-platform approach. This transaction structure enables a pathway to achieving positive underlying free cash flow from year one. Longer term, the transaction is expected to deliver sustainable EBITDA growth of at least NZD 10 million by FY28. Irrespective of this transaction, Sky remains confident in achieving its 30cps dividend target for FY26. Through this acquisition, significant financial synergies will be available primarily in content and broadcast infrastructure.
The transaction is expected to close on August 1, 2025. Announcement • Jul 07
Sky Appoints David Mackrell as Chief Financial Officer, Effective January 2026 Sky announced the appointment of David Mackrell to the position of Chief Financial Officer. David is a highly experienced commercial and strategic leader, and was named Brightstar `CFO of the Year' in 2024. He is currently CFO of NZX-listed media company NZME, and was previously CFO for Heartland Bank Ltd. and spent over 25 years in Finance leadership roles at Air New Zealand. David will join Sky in January 2026. Announcement • Apr 15
Sky New Zealand Completes Switchover to New Satellite Sky New Zealand (SKT) advises that the switchover to its new satellite has occurred, with Sky's satellite services now operating on the Koreasat6 satellite. Post switchover testing and customer engagement activities are now underway, with initial testing showing that the vast majority of customers are accessing Sky services over satellite as normal. Customer Care and Operations teams are working to support any customers who require assistance to connect to the new satellite and optimise their set up, noting that customers on the new Sky Box with sufficient broadband connectivity will continue to access services via IP until their satellite service is restored. Reported Earnings • Feb 25
First half 2025 earnings released: NZ$0.014 loss per share (vs NZ$0.20 profit in 1H 2024) First half 2025 results: NZ$0.014 loss per share (down from NZ$0.20 profit in 1H 2024). Revenue: NZ$391.1m (flat on 1H 2024). Net loss: NZ$1.96m (down 107% from profit in 1H 2024). Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Media industry in Australia. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 24
First half dividend of NZ$0.10 announced Shareholders will receive a dividend of NZ$0.10. Ex-date: 6th March 2025 Payment date: 21st March 2025 Dividend yield will be 10.0%, which is higher than the industry average of 5.3%. Sustainability & Growth Dividend is not covered by earnings (146% earnings payout ratio). However, it is covered by cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 62% to bring the payout ratio under control. EPS is expected to grow by 32% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • Feb 21
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.4% Last year net profit margin: 7.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (146% payout ratio). Profit margins are more than 30% lower than last year (2.4% net profit margin). Announcement • Jan 27
SKY Network Television Limited to Report First Half, 2025 Results on Feb 21, 2025 SKY Network Television Limited announced that they will report first half, 2025 results on Feb 21, 2025 Announcement • Sep 04
SKY Network Television Limited, Annual General Meeting, Nov 14, 2024 SKY Network Television Limited, Annual General Meeting, Nov 14, 2024. Location: the maritime room, princes wharf, auckland Australia Reported Earnings • Aug 22
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: NZ$0.34. Revenue: NZ$767.2m (up 1.4% from FY 2023). Net income: NZ$49.0m (down 3.5% from FY 2023). Profit margin: 6.4% (down from 6.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth forecast for the Media industry in Australia. Reported Earnings • Aug 22
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: NZ$0.34. Revenue: NZ$767.2m (up 1.4% from FY 2023). Net income: NZ$49.0m (down 3.5% from FY 2023). Profit margin: 6.4% (down from 6.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth forecast for the Media industry in Australia. Reported Earnings • Aug 21
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: NZ$0.34. Revenue: NZ$767.2m (up 1.4% from FY 2023). Net income: NZ$49.0m (down 3.5% from FY 2023). Profit margin: 6.4% (down from 6.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Media industry in Australia. Reported Earnings • Aug 21
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: NZ$0.34. Revenue: NZ$767.2m (up 1.4% from FY 2023). Net income: NZ$49.0m (down 3.5% from FY 2023). Profit margin: 6.4% (down from 6.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Media industry in Australia. Reported Earnings • Aug 21
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: NZ$0.34. Revenue: NZ$767.2m (up 1.4% from FY 2023). Net income: NZ$49.0m (down 3.5% from FY 2023). Profit margin: 6.4% (down from 6.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Media industry in Australia. Announcement • Jul 22
SKY Network Television Limited to Report Fiscal Year 2024 Results on Aug 21, 2024 SKY Network Television Limited announced that they will report fiscal year 2024 results on Aug 21, 2024 Recent Insider Transactions • Jun 01
Independent Chairman recently bought AU$113k worth of stock On the 28th of May, Philip Bowman bought around 50k shares on-market at roughly AU$2.26 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$131k. Philip has been a buyer over the last 12 months, purchasing a net total of AU$868k worth in shares. Recent Insider Transactions • May 01
Independent Chairman recently bought AU$129k worth of stock On the 26th of April, Philip Bowman bought around 50k shares on-market at roughly AU$2.58 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$131k. Philip has been a buyer over the last 12 months, purchasing a net total of AU$755k worth in shares. Recent Insider Transactions • Mar 08
Independent Chairman recently bought AU$131k worth of stock On the 5th of March, Philip Bowman bought around 50k shares on-market at roughly AU$2.62 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Philip has been a buyer over the last 12 months, purchasing a net total of AU$863k worth in shares. Recent Insider Transactions • Mar 02
Chief Executive Officer recently bought AU$80k worth of stock On the 26th of February, Sophie Moloney bought around 30k shares on-market at roughly AU$2.66 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sophie has been a buyer over the last 12 months, purchasing a net total of AU$130k worth in shares. Declared Dividend • Feb 29
First half dividend of NZ$0.082 announced Shareholders will receive a dividend of NZ$0.082. Ex-date: 7th March 2024 Payment date: 22nd March 2024 Dividend yield will be 7.1%, which is higher than the industry average of 5.3%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 26% over the next 3 years. However, it would need to fall by 52% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Feb 24
First half 2024 earnings released: EPS: NZ$0.20 (vs NZ$0.15 in 1H 2023) First half 2024 results: EPS: NZ$0.20 (up from NZ$0.15 in 1H 2023). Revenue: NZ$392.8m (up 3.3% from 1H 2023). Net income: NZ$28.8m (up 11% from 1H 2023). Profit margin: 7.3% (up from 6.9% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Media industry in Australia. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Jan 22
SKY Network Television Limited to Report First Half, 2024 Results on Feb 22, 2024 SKY Network Television Limited announced that they will report first half, 2024 results on Feb 22, 2024 Recent Insider Transactions • Nov 17
Independent Chairman recently bought AU$495k worth of stock On the 14th of November, Philip Bowman bought around 200k shares on-market at roughly AU$2.47 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Philip has been a buyer over the last 12 months, purchasing a net total of AU$848k worth in shares. Announcement • Oct 16
Mystery Bidder Reportedly Out to Buy Sky TV A mystery party wants to buy SKY Network Television Limited (NZSE:SKT) in a "highly confidential" offer, the company announced 13 October 2023. "Sky has commenced engagement with the potential acquirer, although discussions are at a very early stage. As such, there can be no certainty that any transaction will eventuate," the company told the NZX at 9am 13 October 2023. It later added a price-sensitive tag. The NZX placed a trading halt on Sky shares morning following the announcement, to allow it to "further engage" with Sky. "Prior to expiry of the blackout period during which the buyback programme was paused, Sky received a highly conditional, non-binding preliminary expression of interest from a third party to acquire all of the shares in Sky (NBIO). "Given it is a highly preliminary, incomplete and confidential proposal, Sky is only disclosing receipt of the NBIO at this time in response to inquiries as to the current status of the buyback programme, and, subject to its continuous disclosure obligations, does not propose to make any further comment at this stage. "In these circumstances, the board has continued the pause in Sky's share buyback programme since release of the full-year results on 24 August 2023. Sky will confirm any recommencement of the buyback programme in due course." "We got some really clear feedback from shareholders," said Sky TV chief executive Sophie Moloney. Announcement • Sep 19
Sky New Zealand Announces Chief Financial Officer Changes Sky New Zealand announced that Ciara McGuigan will join as Chief Financial Officer in March 2024. Ciara is an accomplished CFO and people leader with extensive and highly relevant experience in media, telecommunications and retail. She is currently CFO at TVNZ, a role she has held for four years, was previously CFO at Mediaworks and before that held a number of finance leadership roles at Vodafone in New Zealand and globally. With Ciara joining Sky in March 2024, Sophie has also confirmed interim arrangements for the CFO role, noting that Deloitte Partner Andrew Hirst, who has been Interim CFO since May 2023, is due to return to Deloitte at the end of September 2023. Former Foxtel CFO James Marsh will be Interim CFO from October 2023 until Ciara joins Sky. Announcement • Sep 18
SKY Network Television Limited(NZSE:SKT) dropped from S&P Global BMI Index SKY Network Television Limited(NZSE:SKT) dropped from S&P Global BMI Index Upcoming Dividend • Aug 31
Upcoming dividend of NZ$0.11 per share at 7.2% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 7.2%. Within top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (5.4%). Reported Earnings • Aug 24
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: NZ$0.32 (down from NZ$0.36 in FY 2022). Revenue: NZ$757.6m (up 2.9% from FY 2022). Net income: NZ$50.8m (down 18% from FY 2022). Profit margin: 6.7% (down from 8.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to stay flat during the next 3 years compared to a 1.2% growth forecast for the Media industry in Australia. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
SKY Network Television Limited to Report Fiscal Year 2023 Results on Aug 24, 2023 SKY Network Television Limited announced that they will report fiscal year 2023 results on Aug 24, 2023 Buying Opportunity • Jul 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.6%. The fair value is estimated to be AU$2.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.7% per annum. Earnings is forecast to decline by 7.2% per annum over the same time period. Recent Insider Transactions • Apr 07
Independent Chairman recently bought AU$237k worth of stock On the 3rd of April, Philip Bowman bought around 100k shares on-market at roughly AU$2.37 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Philip has been a buyer over the last 12 months, purchasing a net total of AU$699k worth in shares. Recent Insider Transactions • Mar 08
Chief Executive Officer recently bought AU$89k worth of stock On the 2nd of March, Sophie Moloney bought around 38k shares on-market at roughly AU$2.35 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sophie has been a buyer over the last 12 months, purchasing a net total of AU$130k worth in shares. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: NZ$0.15 (vs NZ$0.16 in 1H 2022) First half 2023 results: EPS: NZ$0.15 (down from NZ$0.16 in 1H 2022). Revenue: NZ$380.1m (up 2.3% from 1H 2022). Net income: NZ$26.1m (down 7.8% from 1H 2022). Profit margin: 6.9% (down from 7.6% in 1H 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Media industry in Australia. Over the last 3 years on average, earnings per share has increased by 144% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$2.55, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Media industry in Australia. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$1.69 per share. Announcement • Feb 02
Sky New Zealand Appoints Belinda Rowe as Independent Director, Effective 1 March 2023 Sky New Zealand announced the appointment of Belinda Rowe as an independent director on the Sky Board, effective 1 March 2023. Belinda has held global leadership roles in marketing, communications, digital and media, including with Publicis Media, Zenith, Mojo and O2 Telefonica. She also successfully led the creation of a compelling content marketing and sport sponsorship practice across 32 markets. Belinda's governance experience includes current non-executive director roles at ASX-listed Australian media company HT&E Ltd, Temple & Webster Group and 3P Learning Ltd. She is also a nominated director of Soprano Design (a global technology services company), and is on the board of AFL club, Sydney Swans. Belinda is passionate about supporting and developing women leaders, and is a member of Chief Executive Women Australia, Women in Advertising and Communications London, Minerva Network supporting women in sport, Mentor Walks and the Marketing Academy. Sydney-based Belinda will join the Sky Board on 1 March 2023, and will seek election by Sky's shareholders at the next Annual Meeting. Announcement • Jan 24
SKY Network Television Limited to Report First Half, 2023 Results on Feb 23, 2023 SKY Network Television Limited announced that they will report first half, 2023 results on Feb 23, 2023 Announcement • Jan 20
Sky Appoints Kirstin Jones to the Role of Company Secretary, with Effect from 20 January 2023 Sky appointed Kirstin Jones to the role of Company Secretary, with effect from 20 January 2023. Kirstin is a lawyer with more than 20 years of experience, including roles in the United Kingdom at Balfour Beatty plc and Royal Mail, Vodafone in New Zealand and most recently, 3 years at Sky, including her current role as Head of Legal. Kirstin replaces James Bishop, who resigns as Company Secretary at the same effective date. James departs with Sky's significant gratitude and best wishes. Recent Insider Transactions • Oct 14
Independent Chairman recently bought AU$247k worth of stock On the 11th of October, Philip Bowman bought around 125k shares on-market at roughly AU$1.98 per share. This transaction increased Philip's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Philip's only on-market trade for the last 12 months. Upcoming Dividend • Sep 01
Upcoming dividend of NZ$0.086 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 23 September 2022. Trailing yield: 3.0%. Lower than top quartile of Australian dividend payers (6.6%). Lower than average of industry peers (5.8%). Reported Earnings • Aug 27
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: NZ$0.36 (up from NZ$0.27 in FY 2021). Revenue: NZ$752.9m (up 5.9% from FY 2021). Net income: NZ$62.1m (up 32% from FY 2021). Profit margin: 8.3% (up from 6.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to stay flat compared to a 4.1% growth forecast for the Media industry in Australia. Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Buying Opportunity • Jul 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be AU$2.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings is forecast to decline by 7.5% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to AU$2.06, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Media industry in Australia. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$3.01 per share. Buying Opportunity • Jun 07
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be AU$2.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 0.09% per annum. Earnings is also forecast to decline by 7.5% per annum over the same time period. Reported Earnings • Feb 27
First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2022 results: EPS: NZ$0.16 (down from NZ$0.23 in 1H 2021). Revenue: NZ$371.7m (up 4.1% from 1H 2021). Net income: NZ$28.3m (down 28% from 1H 2021). Profit margin: 7.6% (down from 11% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 10.0%. Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 02
CEO & Company Secretary recently bought AU$143k worth of stock On the 31st of August, Sophie Moloney bought around 830k shares on-market at roughly AU$0.17 per share. This was the largest purchase by an insider in the last 3 months. This was Sophie's only on-market trade for the last 12 months. Reported Earnings • Aug 26
Full year 2021 earnings released: EPS NZ$0.027 (vs NZ$0.24 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: NZ$724.8m (down 3.1% from FY 2020). Net income: NZ$47.2m (up NZ$204.2m from FY 2020). Profit margin: 6.5% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. Breakeven Date Change • Jun 30
Forecast breakeven pushed back to 2022 The 6 analysts covering SKY Network Television previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of NZ$23.6m in 2022. Average annual earnings growth of 28% is required to achieve expected profit on schedule. Reported Earnings • Feb 24
First half 2021 earnings released: EPS NZ$0.023 (vs NZ$0.022 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: NZ$356.9m (down 7.3% from 1H 2020). Net income: NZ$39.4m (up 237% from 1H 2020). Profit margin: 11% (up from 3.0% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 59% per year, which means it is performing significantly worse than earnings. Announcement • Dec 01
SKY Network Television Limited Announces Executive Changes SKY Network Television Limited Chair Philip Bowman announced the company's Chief Executive Martin Stewart is leaving the Company to return home to Europe. Martin will be available to assist Sky as needed over the next three months to ensure an orderly handover and transition. Martin's departure has accelerated the company's succession planning process and Sophie Moloney, Sky's current Chief Commercial Officer, has been appointed Chief
Executive, effective immediately. She brings deep international media experience with an impressive 20-year track record, including roles with Sky New Zealand, Sky UK, Sky News Arabia, Abu Dhabi Media and OSN. Announcement • Aug 12
SKY Network Television Limited to Report Fiscal Year 2020 Results on Sep 10, 2020 SKY Network Television Limited announced that they will report fiscal year 2020 results at 9:31 PM, GMT Standard Time on Sep 10, 2020 Announcement • Jun 22
SKY Network Television Limited(ASX:SKT) dropped from S&P/ASX All Ordinaries Index SKY Network Television Limited(ASX:SKT) dropped from S&P/ASX All Ordinaries Index 
