BSkyB Could Potentially Announce Sky Europe Plans at 4Q: UBS
2014-07-09 06:36:38.802 GMT
By Blanche Gatt
July 9 (Bloomberg) -- BSkyB reports 4Q on July 25, could
unveil plans for Sky Europe then, UBS says in note.
* UBS says has been expecting “imminent” announcement since
Italian Serie A rights auction ended
* Mkt may have underestimated upside from a deal
* Sees full-year rev. up 5%; sees adj. oper. profit down
6.5% on rise in Premier League costs, Adsmart, NowTV,
Sky Store investments
* Higher-than-expected price rise for coming yr takes
effect in September
* Could boost consensus adj. oper. profit ests for 2015/16
by 4% GBP60m per year
* Reiterates buy, PT 1,100p
* NOTE July 3: BSkyB Sports Price Rise Pleases Investors,
Clients Less: Nomura
* NOTE June 30: BSkyB May See Fox Talks Progress After Serie A
Decision: Nomura
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To contact the reporter on this story:
Blanche Gatt in London at +44-20-7392-0351 or
bgatt@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-07-09 06:36:38.802 GMT
By Blanche Gatt
July 9 (Bloomberg) -- BSkyB reports 4Q on July 25, could
unveil plans for Sky Europe then, UBS says in note.
* UBS says has been expecting “imminent” announcement since
Italian Serie A rights auction ended
* Mkt may have underestimated upside from a deal
* Sees full-year rev. up 5%; sees adj. oper. profit down
6.5% on rise in Premier League costs, Adsmart, NowTV,
Sky Store investments
* Higher-than-expected price rise for coming yr takes
effect in September
* Could boost consensus adj. oper. profit ests for 2015/16
by 4% GBP60m per year
* Reiterates buy, PT 1,100p
* NOTE July 3: BSkyB Sports Price Rise Pleases Investors,
Clients Less: Nomura
* NOTE June 30: BSkyB May See Fox Talks Progress After Serie A
Decision: Nomura
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Blanche Gatt in London at +44-20-7392-0351 or
bgatt@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net