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What happened? This stock lau sai again today?
OOpss...now that govt not interfering with the TV contender EPL bidding issues...looks like this burger shld b target for shorting siah!! BUT oops...how come it is trading at 2.02 now !?!?!? :P
MDA still studying how best to regulate pay-TV market
SINGAPORE: The Media Development Authority is still studying how best to regulate the pay-TV market. For now, it will not intervene in the exclusive sale of football broadcasting rights.
The issue was raised in Parliament on Monday, with MPs concerned that competition between service providers StarHub and SingTel would lead to consumers losing out.
Free market competition in the pay-TV market has so far led to a wider choice of programmes for consumers.
But the sale of exclusive English Premier League broadcasting rights to SingTel has prompted MPs to ask whether the government should step in. They were concerned that consumers would end up paying more.
Acting Minister for Information, Communication and the Arts, Lui Tuck Yew, said: "Hypothetically, we can tell whoever it is - service providers - that you can only charge subscribers a certain amount. And so they would bid accordingly.
"But bear in mind, that the content owner is not obligated to sell us this. And so the content owner may very well say that, 'I will not sell to Singapore'. And we will be at the greater loss, particularly for the consumers who say they are prepared to pay the price for the package."
Mr Lui added that it is too early to tell if the pay-TV market is too small to sustain competition and he said the situation is different from the free-to-air market which tried to introduce competition a few years ago.
He said: "In the case of SPH's MediaWorks and MediaCorp, they decided that the free-to-air television market was not large enough to sustain both players, and hence made a commercial decision to consolidate. For the pay TV market, the competition landscape is still evolving."
The Media Development Authority is concerned about the growing number of exclusive arrangements between content owners and service providers which could deter newcomers.
Previously when StarHub Cable Vision was the only provider, Mr Lui said there were only about 64 channels locked into these exclusive contract arrangements. Now, that has more than doubled, to 131 channels.
Mr Lui said these barriers to entry go against the government's aim of encouraging more service providers to enter the market when the Next Generation Broadband Network gets off the ground.
Replying to MPs, Mr Lui said that regulation will not come easy. Authorities have to bear in mind international rules on commercial agreements for the broadcast of sports and these have to be balanced against the interests of both the market and consumers. - CNA/vm
On the issue of divident payout, lets put things in perspective.
Compare the EPS and Divident of the past 4 Quarters:
Period EPS cents Divident cent % of EPS
3Q08 4.62 4.5 97%
4Q08 5.11 4.5 88%
1Q09 4.82 4.5 93%
2Q09 4.55 4.5 99%
Total for past 4Q 19.10 18.0 94%.
From above, Co. div payout is almost 100% of EPS. Unless they sell assets, or there is a windfall in their operational profits, it would be quite a stretch for increased divident payout (special or otherwise). Co. will also be under earning pressure when their loss of the EPL kicks in in 2Q2010. They will also need to allocate funds for the National broadband investment......this may be funded through their cashflow....but, it seems that, unless Co.is able to find fresh source of earnings, it will be a bonus if Co. can maintain their current div payout.
Personnal opinion...caveat emptor.
Hope Neil Montefiore will bring StarHub shares to the peak and beyond, haha.
Wa, combine strength and beat the big bad beast... hehehe... 
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Multiple Timeframe Technical Analysis (Best guide)
nickyng ( Date: 15-Oct-2009 17:46) Posted:
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haha...so now u start to see the the "possible" BIG picture ?? Starhub and M1 likely to get married sometime down the road...and emerge as a stronger entity against Singtel......correct? possible? ...so it doesnt mattar if M1 secured the iPhone sale end of the year...primary objective is to conserve $$$(dont waste on bullet wasting bidding wars on EPL) and engage a greater "RED unbrella enemy"!! :D
so how does my story sell? hee....
Integrity ( Date: 15-Oct-2009 13:01) Posted:
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If Starhub can stick to its dividend policy, it is a good stock to hold.
http://mystocksinvesting.blogspot.com/2009/09/starhub-fundamental-intrinsic-value.html
learnt that from Shplayer...? good job.
nickyng ( Date: 15-Oct-2009 12:53) Posted:
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When the new former M1 CEO took over StarHub in 3 months time, do expect the unexpected things to happen within the 2 telcos company, most likely will be positive news for all.
Afterall, who would want the new CEO to come on board and do nothing or provide negative news? I believe the share price will increase just before and after he took over.
Nonetheless, pls doydd before you invest, the above is just my point of view.
Cheers!
Waiting for the 3rd quarter report on 10th Nov with the dividend payout, hopefully it will rise after the report is out in 3 weeks time.
mario1 ( Date: 15-Oct-2009 10:06) Posted:
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true, but that is OpCo, Nucleus Connect, and it doesn't 'own' the high speed national broadband. It 'buys' the usage of the cable built by NetCo, OpenNet (partially owned by Singtel too) and 'sells' the national high-speed broadband to all ISPs, including Starhub, which in turn sells to consumers.
There's more info here -> http://www.ida.gov.sg/Infrastructure/20090731130844.aspx
tonylim ( Date: 13-Oct-2009 14:50) Posted:
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relax la just EPL :)
Support StarHub
DJ MARKET TALK: StarHub EPL Loss Not The End Of The World - BNP
BNP Paribas cuts StarHub (CC3.SG) target price to S$2.19 from S$2.35 on back of loss of English Premier League (EPL) rights. Broker says losing EPL is "negative for earnings and free cash flow," expects 15% of StarHub's pay TV customers to end subscriptions from mid-2010 with further effects on mobile, broadband as customers unbundle services. Cuts FY11, FY12 earnings forecasts by 5.5%, 14.3% respectively. But says EPL loss is, "not the end of the world," as does not expect massive pay TV churn given less than 50% of StarHub's pay TV subscribers take sports package. Adds S$250 million saved on EPL rights can be used to retain rights to other key content. Maintains Hold rating, says shares could stay range-bound over next 3-6 months as concerns likely to persist. But says any dip in share price that brings dividend yield closer to 10% (currently 9%) would be good entry point. Shares closed +1.0% at S$2.02 yesterday. (KIG)
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nickyng ( Date: 13-Oct-2009 10:57) Posted:
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