As a regular follower of moneyam I know this bulletin board loves small shares but please consider BSkyB as it will launch a free-to-air service later this year, which will compete with Freeview. For a one off 150 you will be able to gain access to alomst 200 digital channels and have access to pay per view events with no monthly subscription. 27% of the population cannot get Freeview due to weak transmission and with only 43% population with sattelite or cable there is massive growth potential. (Shares June2004)
BSkyB"s recent figures showed subscriber numbers were 19000 down on expectations of 100000 for the last 3 months, but pre tax profits quadrupled. Expenditure of around 450m will be needed in the next 4 years to support growth.
At the current price of 485p on a PE of 16 the shares are sitting near their yearly low, I recently bought 514p and would aprreciate other peoples views, has this recent sell off been overdone ?

BRITISH SKY BROADCASTING GROUP PLC - SHARE BUYBACK
British Sky Broadcasting Group plc (the "Company") confirms that further to yesterday's announcement, and in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 1 November 2012 and pursuant to the agreement between the Company and 21st Century Fox UK Nominees Limited (formerly known as News Corporation) dated 25 July 2012 that it has completed the purchase of 128,611 shares of £0.50 pence each ("shares") from 21st Century Fox UK Nominees Limited for cancellation. The price paid by the Company was 933.5014 pence per share

StockMarketWire.com
Westhouse Securities has moderated its recommendation on BSkyB (LON:BSY) and moved to a "neutral" stock rating, on valuation grounds, following a period of strong share price outperformance. The broker points out that the shares are up by 16 per cent since it initiated coverage with an "add" recommendation, back in May, and are up by 8 per cent since the company published its third-quarter results on 17 October. Analysts have left their price target unchanged at 985 pence per share.

Goldman Sachs cuts British Sky Broadcasting to buy from conviction buy, target cut from 1,170p to 1,120p.

Down 7% presumably on the w/e news that BT have bought the rights to show Champions League games.

StockMarketWire.com
Nomura has downgraded its recommendation on BSkyB (LON:BSY) to "reduce" from "buy" following news that BT (BT.A) has won exclusive rights to broadcast Champions League and Europa League football for three years, starting from the 2015/16 season. The broker believes that the deal highlights BT's willingness to overpay for content, which it views as a "bad sign for Sky in terms of the next Premier League auction". Nomura said: "Regardless of whether BT can monetise this outlay, it shows that they are not content to be the number 2 sports service, which has big implications for the next (blind) Premier League auction in mid-2015". Analysts have cut their price target to 850 pence per share from 1,040 pence. Separately, Goldman Sachs and Citigroup have both repeated their respective "buy" stock recommendations, with GS cutting its price target to 1,070 pence a share (from 1,120 pence) while Citi left its price target unchanged at 1,000 pence a share.
The broker said: While for BSkyB this is a property it would much rather have not lost, it does only represent 3% of Sky Sports viewing and money can be reinvested to support its push into UK drama. While not welcome, we think this is handleable and would see significant weakness as an opportunity to buy the shares.

BRITISH SKY BROADCASTING GROUP PLC - SHARE BUYBACK
British Sky Broadcasting Group plc (the "Company") announces that in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 1 November 2012, on 11 November 2013 it purchased 830,000 of its ordinary shares of £0.50 pence each ("shares") for cancellation.

The volume weighted average price paid by the Company was 838.7764 pence per share.

In accordance with the agreement between the Company and 21st Century Fox UK Nominees Limited (formerly known as News Corporation) (and others) dated 25 July 2012 (the "2012 Buyback Agreement"), and shareholder authority granted on 1 November 2012, the Company will today purchase 533,734 shares at 838.7764 pence per share from 21st Century Fox UK Nominees Limited for cancellation.

British Sky Broadcasting Group plc (the "Company") announces that in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 1 November 2012, on 12 November 2013 it purchased 250,000 of its ordinary shares of £0.50 pence each ("shares") for cancellation.

The volume weighted average price paid by the Company was 841.7531 pence per share.

In accordance with the agreement between the Company and 21st Century Fox UK Nominees Limited (formerly known as News Corporation) (and others) dated 25 July 2012 (the "2012 Buyback Agreement"), and shareholder authority granted on 1 November 2012, the Company will today purchase 160,764 shares at 841.7531 pence per share from 21st Century Fox UK Nominees Limited for cancellation.

Credit Suisse Underperform 0.00 810.00 700.00 Downgrades

HSBC Underweight 0.00 600.00 600.00 Reiterates

Deutsche Bank Buy 0.00 1,100.00 1,100.00 Reiterates


And from yestreday :-

Jefferies International Underperform 0.00 710.00 710.00 Reiterates

Investec Reduce 0.00 825.00 825.00 Retains

Espirito Santo Execution Noble Buy 0.00 935.00 935.00 Reiterates

Barclays Capital Equal weight 0.00 - 945.00 Reiterates

Westhouse Securities Neutral 0.00 985.00 985.00 Reiterates

Goldman Sachs Buy 0.00 1,120.00 1,070.00 Reiterates

Citigroup Buy 0.00 1,000.00 1,000.00 Reiterates

Nomura Reduce 0.00 1,040.00 850.00 Downgrades

JP Morgan Cazenove Neutral 0.00 - 930.00 Reiterates

Hmmm.......Ex-divi Wed 13th Nov (19p), which is a bit more attractive at this level, but sp likely to take a hit (even further!).

Harry - I dithered earlier on buying for the dividend @830p - suffice to say - I didn't!

I already hold at a higher price, but have bought more at 840p, so will get the divi & will probably have to hold for longer than I anticipated.

StockMarketWire.com
Sky has agreed to invest $8m in Luminari Capital, a venture capital fund focusing on technology and media startup companies that operate within the theme of innovation in video.

Through this investment Sky will increase its exposure to relevant start-up companies that it may choose to partner with in the future. Luminari Capital is being formed by Daniel Leff, formerly of Globespan Capital Partners and current board member of Roku Inc.

Sky's funding obligation is contingent upon the further fund raising activities of Luminari Capital over the coming 12 months.

Almost back to my 'top up' buy price! ....divi correction recovered. Now for the BT retaliation!

StockMarketWire.com
Shareholders at pay-TV giant British Sky Broadcasting (LON:BSY) have voted in favour of all the resolutions at today's AGM, allowing the company to commence a £500 million share buy-back programme.

Nomura reiterates reduce on British Sky Broadcasting, target raised from 850p to 870p.

StockMarketWire.com
British Sky Broadcasting has made a $350,000 equity investment in Jaunt, an innovative early-stage technology company based in Palo Alto, California, specialising in video capture and display.

This investment will provide Sky with additional insight into developments within the field.

Hoping to close the gap caused by the BT announcement a while back.

BRITISH SKY BROADCASTING GROUP PLC - SHARE BUYBACK
British Sky Broadcasting Group plc (the "Company") confirms that further to yesterday's announcement, and in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 22 November 2013 and pursuant to the agreement between the Company and 21st Century Fox UK Nominees Limited (formerly known as News Corporation) (and others) dated 25 July 2013 that it has completed the purchase of 18,573 shares of £0.50 pence each ("shares") from 21st Century Fox UK Nominees Limited for cancellation. The price paid by the Company was 823.9560 pence per share.

BSkyB part of EU probe into film licencing agreements

The European Union has opened an investigation into licensing agreements between major US film studios and European pay-TV broadcasters, including BSkyB, saying they may break EU anti-trust rules.


more...

Cheers for that skinny! It was all looking so good, with less shares in issue, sp climbing, gap being closed......;o)

:-)