Cable Forum - Liberty Global to reveal 1st Quarter Results on May 6th.

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- Virgin Media News Discussion (https://www.cableforum.uk/board/forumdisplay.php?f=10)

- - Liberty Global to reveal 1st Quarter Results on May 6th. (https://www.cableforum.uk/board/showthread.php?t=33697509)

Mr Banana

07-05-2014 04:57

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

Quote:

Originally Posted by Media Boy (Post 35695698)

-Nothing on Virgin Media takeover of Smallworld.
-ARPU per customer now at £ 49.26.
-During March, the U.K. government announced a change in legislation with respect to charging VAT in connection with prompt payment discounts. We currently believe this change will result in a reduction in Virgin Media's revenue, OCF and operating income of approximately $47 to $50 million from the effective date of May 1, 2014 through the end of 2014. However, in light of our strong Q1 OCF performance, we remain confident in our ability to deliver mid-single digit rebased OCF growth at Virgin Media in 2014.

Looks like a lot of the subscriber growth was driven by Belgium, Germany and the UK.

http://www.businesswire.com/news/hom...r-2014-Results

Sirius

07-05-2014 06:18

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

Quote:

Originally Posted by Top banana (Post 35695707)

Looks like a lot of the subscriber growth was driven by Belgium, Germany and the UK.

http://www.businesswire.com/news/hom...r-2014-Results

Looking good. In planning we have been getting a lot more new business installs and we are still working flat out with the BB fibre upgrades and node splits. :)

Kushan

07-05-2014 08:01

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

For all the grief we give them, they're not the worst ISP these days, are they.

BenMcr

07-05-2014 08:37

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

Quote:

Originally Posted by Media Boy (Post 35695698)

-Nothing on Virgin Media takeover of Smallworld.

I wonder if this covers it:

Quote:

As compared to our subscriber base at December 31, 2013, our RGUs increased by 370,000 during the first quarter of 2014, resulting from 345,000 organic RGU additions and two small in-market acquisitions in the U.K. and Austria.

Ignitionnet

07-05-2014 10:11

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

Quote:

Originally Posted by Sirius (Post 35695579)

It annoys me that every bloody comms company does it but WHY. I posted about it here, If its part of the ruddy cost then it should be part of the price shown in the headline costs.

At least you don't have 2 sets of line rental to pay to get the kind of speeds you do. :erm:

---------- Post added at 11:11 ---------- Previous post was at 11:09 ----------

Quote:

Originally Posted by Sirius (Post 35695710)

Looking good. In planning we have been getting a lot more new business installs and we are still working flat out with the BB fibre upgrades and node splits. :)

You have no idea how much I wish I'd bought VMED shares when they were bottoming out. A lot of staff on sharesave / share purchase plans made obscene amounts of money.

1andrew1

07-05-2014 10:54

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

Quote:

Originally Posted by Media Boy (Post 35695698)

Also worth viewing the separate VM figures which are now available. These confirm that the company now passes an extra 95,000 homes (presumably due to Smallworld) and has gained 6,000 Smallworld customers. These figures illustrate the very small size of that acquisition. http://www.libertyglobal.com/pdf/pre...ease-FINAL.pdf

muppetman11

07-05-2014 11:03

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

The Guardian states they added 15,000 television subscribers are the Smallworld additions with tv included in this figure ?

1andrew1

07-05-2014 11:04

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

The media is starting to report VM's results. Here's The Guardian's take "Virgin Media returns to revenue growth with 15,000 new TV customers.* Virgin also adds more than 40,000 broadband subscribers, marking return to form after acquisition by Liberty Global."
http://www.theguardian.com/media/201...mers-broadband
* I'm not sure where the 15,000 figure (and 40,000 figure) come from. In Q1, VM said it lost 4,700 TV customers v Q1 last year. Have VM just reported the number of organic new customers and assumed they were all TV customers?

Looks like the story will be that VM was distracted by the merger but is now back on course and growing.

denphone

07-05-2014 11:18

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

Lets hope we get some more new channels and content soon then.

1andrew1

07-05-2014 11:18

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

Quote:

Originally Posted by muppetman11 (Post 35695760)

The Guardian states they added 15,000 television subscribers are the Smallworld additions with tv included in this figure ?

The figures in the VM Q1 release are as follows. These are for services (called RGUs) not customers. On average, each customer has 2.5 RGUs ie each customer takes 2.5 services from VM.

Net additions Q1 2014.
TV (4,700) In brackets as number of RGUs decreased
Internet 34,800
Phone 4,800
Total RGU net organic 34,900
Smallworld 14,700
Total RGU net additions 49,600 so nearly 50,000 extra services sold in Q1 v previous quarter

In terms of new customers VM gained 15,200 organically and a further 6,000 by buying Smallworld.

Mr Banana

07-05-2014 11:19

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

Quote:

Originally Posted by 1andrew1 (Post 35695757)

Think small world was 45k homes passed with the other 45 coming from in fill projects, Sirius May be able to confirm

denphone

07-05-2014 11:21

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

Quote:

Originally Posted by 1andrew1 (Post 35695769)

Those are pretty good figures seeing Sky has twice as many customers.

Mr Banana

07-05-2014 11:23

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

Quote:

Originally Posted by Top banana (Post 35695770)

Think small world was 45k homes passed with the other 45 coming from in fill projects, Sirius May be able to confirm

I think the low penetration was why they wanted it as Virgin typically has 40%
Penetration in areas it operates and clearly Smallworld is a lot lower so lots of opportunity for a relatively modest outlay.

All good news though need to see what the markets make of the results.

Sirius

07-05-2014 11:52

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

Quote:

Originally Posted by Top banana (Post 35695770)

Think small world was 45k homes passed with the other 45 coming from in fill projects, Sirius May be able to confirm

There is a lot of pressure on us to grow the residential side by in fill. I see surveyors out every day looking at estates that have been built since the main build stopped. If they are viable we plan them and they get built.

Qtx	07-05-2014 13:09

Re: Liberty Global to reveal 1st Quarter Results on May 6th.

Virgin Media sales are a bit flat under the Cable Cowboy's reign

Quote:

Virgin Media has been part of Cable Cowboy John Malone's Liberty Global family for almost a year now. Yet the takeover hasn't boosted the UK telco's flat first quarter sales, which the City was told about this morning.

Although growth in consumer and mobile revenue had rose, overall sales climbed a slender 0.1 per cent, to £1.044bn, compared with the £1.042bn the company posted for the same period a year ago.

Quote:

The ISP no longer breaks out its net income and profit figures now that it is part of Liberty Global, which noted that VM's bottom line would be hit by a change in UK law for charging VAT in connection with prompt payment discounts.

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