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 ?

stubax,

I see a mini recession soon, and with the high cost of subscribing, SKY will suffer from a drop in viewers and revenue i think.

Freeview is cheaper than 150, so this may also struggle a bit.

Thanks for your comments Aimtrader, I agree that maintaining growth with subscriber numbers is a key issue and if they don"t meet expectations next time, the shares will take another battering. The support level of 455p-460p is one I am watching closely, and will sell if it falls through

I'm short. BSY was the FTSE100's biggest faller on Monday, and Tuesday's fall was almost equally as spectatcular.

Todays early rise to 487 was seen by traders as another opportunity to add to their shorts, and prices quickly came back off.

Expect new lows IMHO.

I think you are probably right Gausie, the price is now under pressure. I usually buy a share in an uptrend, but thought this one looked good after it bounced off its low.

The next week or two will be interesting.

Don"t forget though, people close and change their positions very quickly.

numis morning meeting notes = bsyb (480) BUY target price 709p

With BSY still on the recovery trail and the fact it has taken a breather so far this week it could be a good time to get on board. Many put the target price price above 600p, some as "insur" mentions as high as 709p. With Cricket now also in the bag this should help consolidate new viewers and existing sports subscribers. Christmas Time should also see a nice influx of new customers as viewers generally realise that there is nothing worth watching on terrestial TV any more!! The slot time gesture to Channel 5 of 7.15-8.00 is exactly that... why try and watch cricket when EastEnders or Corrie is on, its not worth the hassle - just watch the live event on SKY!!

BSkyB wins exclusive rights to show all live English cricket 2006-2009
AFX

LONDON (AFX) - British Sky Broadcasting Group PLC has won the rights to show all of England's live domestic and international cricket from 2006, bringing to an end nearly 70 years of Test match overage on terrestrial TV, according to a statement from the England and Wales Cricket Board.
Highlights of each day's play in the Test matches will, however, be screened on Five, which replaces Channel 4 as cricket's main terrestrial broadcaster, the ECB said.
The BBC broadcast its first Test match coverage in 1938 but lost the rights to Channel 4 in 1998.
The BBC has retained the exclusive rights for radio coverage of home Tests and one-day internationals.
'We understand that the decision to place all live cricket coverage on satellite and cable television is an emotive issue for some people,' ECB chairman David Morgan was quoted as saying, according to the BBC.
'We have made an agreement that will offer the highlights package to a peaktime audience.
'Five will broadcast highlights from 7.15-8.00pm, a time which is the most popular slot for TV viewing for children and a time when an average of 21 mln people watch television.'
The ECB released no financial details.
It is understood BSkyB will pay 200 mln stg over four years.

Just had the engineer along to do my Sky Plus installation.

My installation would have meant 25ft (8 Metres) of cabling from my dish (12ft from the ground) on the outside of my house to my TV (13 ft from the pertinent wal) and two thirds of the cable would have been cable clipped to timber. This timber runs along the rear of my house and is inside my 'lean-to' type of conservatory.

He refused to do it since to follow along the existing cable's route with the new cable (two are required) would have meant drilling through wood. The said 'wood' being the tanalised painted roof support for the polycarbonate sheeted conservatory roof. In the vicinity of where I originally thought he would have drilled, well, that is where the last Sky Engineer drilled through the said timber, as also did the BT Engineer, when he passed an ISDN cable through for a second telephone line. These latter were done about two years ago.

"We can only drill through brick. We are NOT ALLOWED to drill through wood."

I am in shock.

:-(((

God help those want Sky and who live in Timber framed homes, mobile homes, etc.

Also, those on here who want Sky to their 'Shed at the bottom of the garden' or in their 'Tree house' - well, let's say a prayer for these thwarted potential Sky customers too.

Actually, 'shock' is not the word for what I am in. This has absolutely f#cked up my brain. I want the installation. Sky surely want to sell it to me. The work is an utter doddle to do. Indeed, there were other ways of doing it, which were more involved and difficult. These were not discussed at all. Neither was any additional costs that might be incurred when 'going around the wood' and doing it another way. Neither were any 'protocol rules' shown to me.

Apparently, 'not drilling through wood' is either a Health and Safety problem or an Insurance problem. No one in Sky Customer Services seems to know which.

Aaaaargh!!!! I want to go and commit a serious road rage. Actually, no I don't. I'm not that bad yet! But I can empathise with those who are fed up with our society's poxy, stupid problems and just snap when their hair-trigger ends up being activated by some ridiculous illogical circumstance!!

As I spoke to female staff at Sky (two), I asked, "And, as a lady, which would you prefer to drill through? Wood or house bricks?"

"Well, obviously 'Wood', Sir."

Hey Murdoch!!!!!!!!! I hope you are reading this shite!!!

And if you are, the massive pictures of Bart and Homer Simpson on the side of your Sky vans remind me

No 1. Of the fact: It is not good to watch too much TV.

and

No 2. Of the joke:

Q. "What do you call the little box on the Sky satellite dish?"

A. "A council house."

..........

Anyhow, this whole experience has mushed up my brain.

Should be some good stuff on over Christmas as well!!!!!!!:)))

On the move north again this morning, is there some news out there???

Good results today and a good close,might see 600p tomorrow.any views?

Talk of good subscriber growth at BSkyB filled the weekend press, but the numbers came in even better than expected today and the shares rose 3.5p to 575p. In the quarter to December 31st, the satellite broadcaster added 192,000 new customers, taking its customer base in the UK and Ireland to 7.609 million it said. A consensus view stood at 150,000. Total revenues in the period increases by 10% to 1.945 billion pounds, with net profit up 18% to 154 million pounds. Merrill Lynch reiterated its "buy" stance on the shares following the figures.

was a buy note out yesterday with price target of 670p huge volume yesterday so can see 600p soon not sure why the weakness today ??

Drive's you up the wall, this one !

Gordon, was there a timescale for when the target price will be reached ?
This spring/later this year ? next yr?

They wouldnt be buying back their own shares if they didnt think they were too cheap DYOR


RNS Number:1540I British Sky Broadcasting Group PLC 02 February 2005

2 February 2005


BRITISH SKY BROADCASTING GROUP PLC - REPURCHASE OF SHARES


British Sky Broadcasting Group PLC ("BSkyB") announces that it has today purchased for cancellation 8,000,000 ordinary shares of BSkyB at a price of 572.9156p per share.

Upon the cancellation of these shares, the number of shares in issue will be 1,910,979,653.


ENDS



This information is provided by RNS
The company news service from the London Stock Exchange

looks like getting abv 600p might be painfull

not far away now 600p could be broken today

out 595 yesterday not moving quickly enough for me

just for you holders i have telewest it is rubbish. i will not have it for much longer.

keep shorting

just bought in when do they go ex div please.