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Starhub and singtel have remained very weak as the EPL bidding process approaches, and both facing higher subsidy costs with the subscription of new Apple product in Sept.......
Today starhub briefly hit 3.63 resistence and closed 3.61. Watch whether it can hold above 3.63 next week, if cannot, will likely retreat towards 3.43, then 3.30
Q3 results and dividends will be out in Nov.
At 3.61 closing today, PE 19.6X which makes it the most expensive telco among the 3 listed on SGX.
EPS 18.4 cts
NAV 1.5cts (PB 240X)
Yield 5.5% pa
Non-executive Director Steven Terrell Clontz had sold 800,000 shares in the open mkt on 28 & 29 June, and 2 July 2012.
Latest copy of The Edge, page 38:
Stauhub CEO Neil Montefiore sold 420,000 shares in the open mkt on 21 Aug 2012.
I'm posting updates on the upcoming EPL bidding to warn everyone to be careful not to chase singtel and starhub, unless you are a long term investor. If you look at the charts, they are telling you something.....
In Sep/Oct 2009 both telcos prices went on a roller coaster ride when the bidding price was announced!
(Not an inducement to long or short, trade at your own risk.)
Telco war for fans' wallets
04:45 AM Aug 14, 2012
by Ian De Cotta , TODAY
Earlier this year, when I was in London, I went searching for a pub that had live screenings of English Premier League (EPL) matches. It was in vain. Each one within walking distance of my hotel had anything but that.
It was amusing, because in Singapore we are spoilt for choice.
EPL action is a staple in most pubs here, and at S$34.90 a month, you can watch it at home, usually bundled with a range of other sports programmes.
In Britain, home subscription cost a hefty £78 (S$150) a month for far fewer EPL matches last season, and it will cost more when the 2012-13 campaign starts this weekend.
BSkyB raised the rates after they, along with British Telecom (BT), bid a total of £3 billion in June to secure rights for the next three years, or 70 per cent more than what it cost in 2009.
And this was after BSkyB and ITV had forked out £400 million for the UEFA Champions League for as many seasons, starting next month.
Outside the United Kingdom, Singapore pays a premium, believed to be the highest, for EPL TV rights.
This peaked when SingTel's mio TV reportedly paid S$400 million to outbid StarHub as exclusive broadcasters for three years from 2010.
Bidding for the 2013-14 season onwards is set to conclude before the end of this year, and another crunching face-off between the two pay TV rivals is on the cards.
They are also slugging it out for the Champions League, as SingTel's three-year contract has expired.
The two contests could potentially change the landscape for pay TV here - in the price of sports channels and our access to top-quality football.
The signs are already there, if the two telcos' lukewarm interest in other football competitions is any measure.
After months of wrangling, media rights owner MP & Silva only signed mio TV at the 11th hour for last Sunday's Community Shield, and have yet to ink any deal for the rights to their other two properties, the FA Cup and England internationals.
These properties pale in comparison to the EPL and Champions League and the telcos must be shoring up their war chests for football's two crown jewels.
They are prepared to first go for exclusivity, despite cross-carriage laws requiring telcos to offer such content to subscribers of rival camps willing to pay for them, because there are benefits.
June's Euro 2012, the first exclusive content to come under these rules, gave StarHub unfettered access to promote their products to mio TV customers who bought into the tournament.
A small downside is the fee that StarHub had to pay SingTel to carry their live feeds, but industry observers said the amount had to be reasonable lest it breached the cross-carriage rules.
And there is the fight for eyeballs.
SingTel went all out for the EPL previously because they wanted to boost their mio TV subscriber base of 100,000. That base has since jumped to 350,000 but still trails StarHub's 550,000.
But if the BSkyB and BT bid points to an upward spiral for EPL rights, then even if the two Singapore telcos opt for non-exclusive bids, the result will still be a new record payout to the Premier League.
The cost for the Champions League, though priced much lower, is still significant and will leave SingTel and StarHub without much appetite to buy the entire package of FA Cup and England games.
An increase in subscription rates for sports channels is also certain, if not soon then within the next year or so.
Must subscribers be at the mercy of telcos? What happened to the maxim " the customer is king" ?
So far, the increase in subscriptions is a tacit acknowledgement by fans that prices are well within their threshold limit. What will the ceiling be - S$40, S$70 or S$100 a month?
Until subscription levels to EPL matches start reversing in significant numbers, the telcos hold the aces.
URL http://www.todayonline.com/Sports/EDC120814-0000015/Telco-war-for-fans-wallets
Copyright 2012 MediaCorp Pte Ltd | All Rights Reserved
It's price skyrocketed surpassing expectation beyong valuation. At some point, yield doesnt look attractive anymore and some may choose to take profit off the table. Nothing unusual here.
1419242 ( Date: 12-Aug-2012 02:30) Posted:
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:S
Starhub drops a bit fast recently...whats going on?
Do take note 5cts dividends will XD 15 Aug (Wed).
shorting time has come..
gd luck dyodd
ozone2002 ( Date: 02-Aug-2012 10:43) Posted:
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Starhub closed with long black candlestick and potentially -DI crossing +DI soon..
I will definitely stay sideline first for Starhub and relax and wait for the next signal though Starhub is definitely a stock that I would trade, but now..the tag is " WAIT" .
My personal view only.
Star-Trader
< 3
game over. realistic price is 3.2
Gd pt...thx
| steadylar Senior | Posted: 10-Aug-2012 09:06 |
 x 0  x 0 | Unfortunately for singtel, its bottomline always hit by poor showing of bharti, south africa venture and sometimes optus, thus affecting confidence in singtel as a whole. remember now singtel is trading XD. |
Unfortunately for singtel, its bottomline always hit by poor showing of bharti, south africa venture and sometimes optus, thus affecting confidence in singtel as a whole. remember now singtel is trading XD.
funny...dividend 5 cts, singtel over 9 cts..and bigger mrkt cap but share px much lower...maybe BBs will jack up singtel instead...who knows
As insiders' already know and had already jacked up the price, Q2 results turn out good (meet management's guidance of 'low single digit growth').
Dividends declared is 5cts for the qtr, and maintains policy of 20cts per year. No special dividend for the qtr as predicted by DBSVickers........ may disappoint some investors, but 5cts is generous enough.........., how many companies dare give out so much cash each qtr?
No mention of the upcoming EPL bidding in the report.....let's hope Singtel and starhub come up with some sensible arrangement for this round.
Chart wise, beginning to weaken, unless BBs continue to pump up the price, otherwise it may start to flatten or even slip down gradually, as all 3 telcos face tough challenges ahead.
Just my views as an observer.