Canal+ share price plummets following first full-year results after acquiring MultiChoice

mylesillidge

mylesillidge

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DStv's new owner goes from hero to zero

MultiChoice’s new owner, French media titan Groupe Canal+, has seen its share price plummet by almost 29% since publishing its first full-year results since acquiring South Africa’s embattled pay-TV operator.

Canal+ announced plans to invest a further €100 million (R1.9 billion) to turn MultiChoice around and support the DStv owner’s return to sustainable growth.
 
'Yeah lets throw another 2bn at it and hope it turns out ok.' - Canal+ guys.
 
Nooo??

you buy a terrible company propped up with hot air and fleecing consumers with basically zero adapting to the industry and no innovation and then you wonder why your share prices fell? Gee ... who could have seen this coming...
 
neoprema said:
Nooo??

you buy a terrible company propped up with hot air and fleecing consumers with basically zero adapting to the industry and no innovation and then you wonder why your share prices fell? Gee ... who could have seen this coming...
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They also fought tooth and nail to get this damn deal

It did seem rather foolish.
 
There is sense in buying when down but I believe that they will struggle to rebound on their share price, unless they offer rugby on cheaper packages.
 
Maybe they should have asked Walmart about buy crap in SA :ROFL: :ROFL:
 
Crazy comments, they've only been the owners for a few months. It's just a cyclic annual report, lol
 
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