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

[Polymathic]

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.

 

[Alton Turner Blackwood]

Eskom Business Model
Charge More
For Less

You can cancel DSTV, you cannot cancel Eksdom

 

[BBSA]

You can cancel DSTV, you cannot cancel Eksdom

I did cancel Eskom.

 

[Alton Turner Blackwood]

I did cancel Eskom.

You bought a solar system. Congratulations.

Now, do you think the average Joe can afford to go off-grid?

 

[BBSA]

You bought a solar system. Congratulations.

Now, do you think the average Joe can afford to go off-grid?

Of course not, but you don't need electricity to survive.

 

[chrisc]

Been a loyal customer since day one in October 1995
Paid annually every year in February, the full premium subs

But no, they have to engage Shabir & Associates to hound me for arrears that I am apparently owing. Getting 3 phone calls a week from a lady who does not want to listen

I tell her my next payment is due 5th Feb 2023

No, she says, you must make payment of R1219 by 9th November or you will get blacklisted

Call DSTV. I get a better response speaking to my wheelie-bin

What a despicable bunch. Staff are clueless, have no interest in customer's concerns

 

[Pegasus]

If our springbok coach keeps insisting that we don’t need someone who can kick a ball properly, then dstv will indeed die soon. There will be even less reason to pay.

 

[igeorge]

You bought a solar system. Congratulations.

Now, do you think the average Joe can afford to go off-grid?

Depends...how much is that average Joe spending on a car? Which is a depreciating asset. Meanwhile a solar system is an income generator. I think it's more of a mindset issue.

 

[PaulMurkin]

oh dear, they're going to go crying to Squirrel Ramapoes, or wait, they'll use their friends in the Films and Publication Board to try and put spokes in the competition's wheels and go after torrenters, again.

 

[Alton Turner Blackwood]

Depends...how much is that average Joe spending on a car? Which is a depreciating asset. Meanwhile a solar system is an income generator. I think it's more of a mindset issue.

No, it does not. There are 30k (registered) cars in the country. A significant number of households cannot afford a car. You reckon they can afford R100k for a solar system?

 

[Pegasus]

No, it does not. There are 30k (registered) cars in the country. A significant number of households cannot afford a car. You reckon they can afford R100k for a solar system?

From what I’ve read here, 100k just helps you through load shedding. Off grid is upwards of 350k.

 

[BBSA]

From what I’ve read here, 100k just helps you through load shedding. Off grid is upwards of 350k.

Nonsense, except if you want run air-conditioning and other silly stuff.

 

[Pegasus]

Nonsense, except if you want run air-conditioning and other silly stuff.

Ja so normal stuff.

Goodbye Eskom — the true cost of going fully off-grid

This is how much it could cost to go fully off-grid with a system large enough to always meet your own electricity demand.

mybroadband.co.za

 

[BBSA]

Ja so normal stuff.

Goodbye Eskom — the true cost of going fully off-grid

This is how much it could cost to go fully off-grid with a system large enough to always meet your own electricity demand.

mybroadband.co.za

I did mine for less than R100 000.

 

[Polymathic]

I did mine for less than R100 000.

How?

 

[Pegasus]

I did mine for less than R100 000.

The you’d be an outlier. And would be making sacrifices.

 

[BBSA]

How?

Inverter, battery and solar panels.

The point is you can cancel Eskom, but you probably will have to give up some luxuries.

Also lots of stuff works with gas.

 

[Enzo Matrix]

Inverter, battery and solar panels.

The point is you can cancel Eskom, but you probably will have to give up some luxuries.

Also lots of stuff works with gas.

You cannot get off grid with 100k unless you also spend money on a generator of some sort. Well unless you live in some undiscovered part of SA where there are no overcast days.

Or unless you live like a caveman with 200wh usage , which makes it all kinda pointless

 

[Shoaybd]

I think the article was very misleading and not alot of people understand Financial Statements.

Trading profit is actually up, but they have to account for unrecognised forex losses which is just an accounting thing on paper.

They are still a damn profitable company making over R6 billion in profits annually with still millions of subscribers and that number is growing in Africa.

Yes their business model is facing severe competition but they have found ways to still keep on making money.

I'm not a dstv customer and have been customer for a very few years in my life but I do understand there business.

I'm not a shareholder either because I don't believe share price will grow as they are not a very liked company.

The big portion of Premium Subscription is related to sports rights which they are paying eye watering figures for in USD. You can Google the kind of numbers they pay for EPL, UCL, F1, SARU, Etc.

I feel most companies with Dstv business model would charge similar amounts. They are in the business of making money.

I for one do not wish for this company to close down as 10s of 1,000s of people in this country live of them including employees, shareholders, content producers, suppliers, etc.

 

[BBSA]

You cannot get off grid with 100k unless you also spend money on a generator of some sort. Well unless you live in some undiscovered part of SA where there are no overcast days.

Or unless you live like a caveman with 200wh usage , which makes it all kinda pointless

You can get a generator for about R10 000, not a big deal.

I use 150w for about 4 hours in the evenings. I have a TV, android box, router and few lights running. Not sure why you need more?