MultiChoice warns shareholders it's swinging from net profit to net loss

[Jan]

DStv's owner hits financial trouble

MultiChoice has issued a trading statement warning shareholders that it expects to report a net loss in its interim financial results on Thursday.

Last year the company announced earnings per share of R3.17 during the six months between 1 April and 30 September.

 

[Virex]

QUICK! GET GOVERNMENT TO REGULATE OUR COMPETITION.

Typical South African company. Seems like businesses in SA only know how to operate when they are a monopoly

 

[DTBA]

You might want to do some more price hikes and see if that helps

 

[neoprema]

 

[LCBXX]

QUICK! GET GOVERNMENT TO REGULATE OUR COMPETITION.

Typical South African company. Seems like businesses in SA only know how to operate when they are a monopoly

That's what they did.
For example: MC insisted that subscription-based streaming services also pay, and have their content curated by, the FPB.

 

[Virex]

That's what they did.
For example: MC insisted that subscription-based streaming services also pay, and have their content curated by, the FPB.

And I'm sure they will soon call for even more regulation. That's why we can't have nice things in SA.

 

[backstreetboy]

 

[LCBXX]

And I'm sure they will soon call for even more regulation. That's why we can't have nice things in SA.

Regulation is not going to save a publicly-listed company in this case. The SABC, on the other hand, will greatly benefit.

 

[OhYeah84]

They're going to start moaning about Disney+ and Netflix again (while adding it to your monthly bill)...

 

[supersunbird]

Time to...

 

[Takkies]

The value proposition does not exist anymore. It hasn't for some time.
Maybe even SuperSport isn't enough.

 

[marine1]

Serves them right for scamming and ripping us off for years. Let the whole house fall.
DSTV premium shouldnt be more than R500.
Load of rubish on there except for maybe sports and 1 or 2 other shows

 

[mojoman]

Time to...

View attachment 1416853

Eskom Business Model
Charge More
For Less

 

[GhostSixFour]

What's the easiest way to short them? Fsckers made money off of me for too long.

 

[rvZA]

Shem

 

[deweyzeph]

Couldn't happen to a nicer company.

 

[LazyLion]

 

[ShaunSA]

@Pegasus will be along shortly to explain why Multichoice shouldn't be using "high school accounting"

 

[Hamster]

 

[BBSA]

Their greed is finally catching up with them...