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-   -   Virgin Media Q1 Results: 2010 (https://www.cableforum.uk/board/showthread.php?t=33664172)

Ignitionnet 29-04-2010 17:31
Re: Virgin Media Q1 Results: 2010
 
Quote:
Originally Posted by Digital Fanatic (Post 35010327)
VM have half the coverage that Sky do, but out performed Sky in their coverage areas.

VM added over 46,000 new Digital TV customers and Sky added over 62,000.
Worth noting though that VM dropped 10,900 analogue customers and added another 25,000 homes to their network. Also all Sky customers pay for their TV while it's anyone's guess how many of VM's 46,000 are paying for it and how many are getting it free either as M or as a straight conversion from analogue to digital so comparing them is perhaps not appropriate.

Sky's results were exceptional this quarter - it takes something exceptional to get a 5% uptick on the share price of a 10bn pound company especially as the rest of the market was jittery over Greece.

Chrysalis 29-04-2010 17:32
Re: Virgin Media Q1 Results: 2010
 
Quote:
Originally Posted by Digital Fanatic (Post 35010327)
VM have half the coverage that Sky do, but out performed Sky in their coverage areas.

VM added over 46,000 new Digital TV customers and Sky added over 62,000.
expected when the package spec like for like is superior on broadband and phone.

seems there is an obsession still with customer numbers tho, where are the profit figures?

Digital Fanatic 29-04-2010 17:48
Re: Virgin Media Q1 Results: 2010
 
Quote:
Originally Posted by Ignitionnet (Post 35010339)
Worth noting though that VM dropped 10,900 analogue customers and added another 25,000 homes to their network. Also all Sky customers pay for their TV while it's anyone's guess how many of VM's 46,000 are paying for it and how many are getting it free either as M or as a straight conversion from analogue to digital so comparing them is perhaps not appropriate.

Sky's results were exceptional this quarter - it takes something exceptional to get a 5% uptick on the share price of a 10bn pound company especially as the rest of the market was jittery over Greece.
Yes, Sky's results were very good too... VM are definately moving in the right direction now though.

tvtimes 30-04-2010 18:56
Re: Virgin Media Q1 Results: 2010
 
Quote:
Originally Posted by Chrysalis (Post 35010336)
I dont see evidence of investment round here tho. Ok to be fair there was investment as the area was previously analogue, but the investment seems it was the minimal required just to get a service barely working.
They can't do everywhere at once.

Chrysalis 01-05-2010 00:53
Re: Virgin Media Q1 Results: 2010
 
Quote:
Originally Posted by tvtimes (Post 35011301)
They can't do everywhere at once.
yeah just the same places repeatedly?

Digital Fanatic 01-05-2010 14:55
Re: Virgin Media Q1 Results: 2010
 
Quote:
Originally Posted by Chrysalis (Post 35011587)
yeah just the same places repeatedly?
:confused:

tvtimes 01-05-2010 16:09
Re: Virgin Media Q1 Results: 2010
 
That's lost on me too i'm afraid?

Chrysalis 01-05-2010 21:27
Re: Virgin Media Q1 Results: 2010
 
the trials tend to be in the same place, so VM will invest to make sure they pass the trials with good results. That was my reasoning.

Also it wouldnt surprise me to see areas that have QAM16 on the upstream to get docsis2 uploads before QPSK areas. Time will tell to see if I am wrong or not.

pip08456 06-05-2010 22:42
Re: Virgin Media Q1 Results: 2010
 
Quote:
Originally Posted by Digital Fanatic (Post 35009981)
The reason they are doing this, is to grow the business by defering some of the debt repayment and investing in the network and expansion, instead of paying off more debt.
Not only that but the loss figure is quoted as being "pre tax" so no doubt the accountants have claimed the relevant allowances etc and laid off the costs of future investments to return a small profit.

joglynne 12-05-2010 16:31
Re: Virgin Media Q1 Results: 2010
 
I didn't think this merited it's own thread, and as some comments been made about VM finances/debt in this thread, here's a link to the latest VM press release
Quote:
LONDON, May 12, 2010 (BUSINESS WIRE) --Virgin Media (NASDAQ:VMED)(LSE:VMED) today announced it has paid £178 million of corporate debt using cash from its balance sheet.
http://pressoffice.virginmedia.com/p...727&highlight=


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