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-   -   Virgin Media -- First Quarter 2012 Results (https://www.cableforum.uk/board/showthread.php?t=33687246)

denphone 25-04-2012 09:31

Virgin Media -- First Quarter 2012 Results
 
http://www.marketwatch.com/story/vir...lts-2012-04-25

Virgin Media reveal First Quarter 2012 Results.

Quote:

-- Revenue up 2.4% to GBP 1.0bn

-- OCF(1) flat at GBP 376m in line with guidance, reflecting phasing of marketing spend -- Operating income up 18% to GBP 131m

-- Net income of GBP 7m, up by GBP 4m

-- FCF(2) down 13% to GBP 87m in line with guidance, reflecting flat OCF and increased capex -- Net cash provided by operating activities down 22% to GBP 212m

Multiple sources of high quality revenue growth

-- Net cable customer additions of 21,200 reflecting improved churn -- gross disconnects down 3,500

-- Cable ARPU up 1.7% to GBP 46.95

-- TiVo customer base increased by 242,000 to 677,100; 18% of the TV base -- 50,600 increase in the paying TV base(3) in the quarter

-- Superfast broadband base (30Mb and above) increased by 146,700 to 843,600; 20% of the cable broadband base

-- Mobile revenue up 1.2% to GBP 139m, with contract mobile revenue up 15% to GBP 100m -- Quad-play penetration continues to grow; now at 15%

-- Business division revenue up 7.1% to GBP 170m

Sirius 25-04-2012 09:38

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by denphone (Post 35418892)
http://www.marketwatch.com/story/vir...lts-2012-04-25

Virgin Media reveal First Quarter 2012 Results.

Excellent results,

Now waiting for the usual suspects to turn up and rip them apart in there usual fashion :LOL:

denphone 25-04-2012 09:53

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Sirius (Post 35418899)
Excellent results,

Now waiting for the usual suspects to turn up and rip them apart in there usual fashion :LOL:

Yes l think l will count to ten as by the time l reach five l am sure some doomsayer will start moaning.:)

Risco 25-04-2012 14:05

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Sirius (Post 35418899)
Excellent results,

Now waiting for the usual suspects to turn up and rip them apart in there usual fashion :LOL:

Now they need to invest that money in a improved and expanded network. Oh and fix tstupiderhub.

BenMcr 25-04-2012 14:17

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Risco (Post 35419004)
Now they need to invest that money in a improved and expanded network.

They are already doing so, what do you think supports the doubling of speeds?

General Maximus 25-04-2012 14:20

Re: Virgin Media -- First Quarter 2012 Results
 
the money which the government gave them which apparently wasnt enough

BenMcr 25-04-2012 14:23

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by General Maximus (Post 35419013)
the money which the government gave them which apparently wasnt enough

No government money has been involved, as far I know the only people that have had or are bidding for government money is BT

So, your source that says that VM have had goverment money?

batchain 25-04-2012 14:28

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by General Maximus (Post 35419013)
the money which the government gave them which apparently wasnt enough

http://www.guardian.co.uk/media/2012...roadband-speed

"Virgin Media is to invest more than £100m on a programme that will more than double the broadband speed for most of its 4m internet customers.

Virgin Media intends to mostly fund the programme with the remaining £100m of the proceeds of the sale of its 50% stake in UKTV to US TV company Scripps.

The remainder of the approximately £350m sale value has been used as part of a share buy-back programme launched by Virgin Media.

In a typical year Virgin Media spends about £250m to £350m on capital expenditure – between 15% and 17% of total revenues – and has therefore had to earmark the UKTV proceeds to fill the extra funding over this amount."

Itshim 25-04-2012 14:34

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Sirius (Post 35418899)
Excellent results,

Now waiting for the usual suspects to turn up and rip them apart in there usual fashion :LOL:

Any figures showing up in today`s market can only be good.

Would love to know numbers of " brand new" customers the TiVo brought in. As that is the real market for it. We all know that in a number of cases its a freebee for existing customers. However, that to one side the trend is going in the right direction for Virgin shareholders :D

BenMcr 25-04-2012 14:45

Re: Virgin Media -- First Quarter 2012 Results
 
Well they had a 12,000 net additions to TV in the quarter so almost all of those will be on TiVo

Itshim 25-04-2012 15:09

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by BenMcr (Post 35419032)
Well they had a 12,000 net additions to TV in the quarter so almost all of those will be on TiVo

Interesting , So a thousand customers add per week. Any idea how many houses in the UK that are in cable areas and are not Virgin customers? Just trying to extrapolate the figures to find saturation point. An aside wonder what Sky put on as new per quarter.

Also are the boxes UK made ( surprised if they are) or imported, if so from where.Just curious nothing more :p:

BenMcr 25-04-2012 15:13

Re: Virgin Media -- First Quarter 2012 Results
 
Remember that's net additions, so I believe takes accounts of disconnections as well - so technically the actual new TV customers figure will be higher

Itshim 25-04-2012 15:40

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by BenMcr (Post 35419048)
Remember that's net additions, so I believe takes accounts of disconnections as well - so technically the actual new TV customers figure will be higher

And the dissatisfied customers ( So unlikely to be a sale) would be?
Leaving how many possibly left in the sales base? :erm:

Also do you have the historical figure of net additions pre TiVo ,which of cause would be pre switch off. Forcing people to do something . Therefore expect to see a higher take up post switch off . As I would expect area by area as it was shut down.

I am yet to be convinced that TiVo is the great redeemer. However is is a great peg to hang your product on. At the end of the day its profit that counts & that seems to be going in the right direction. The question is, is it organic growth or increased prices driven, for which all companies have a tipping point. Time will tell :cool:

denphone 25-04-2012 15:54

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Itshim (Post 35419058)
And the dissatisfied customers ( So unlikely to be a sale) would be?
Leaving how many possibly left in the sales base? :erm:

Also do you have the historical figure of net additions pre TiVo ,which of cause would be pre switch off. Forcing people to do something . Therefore expect to see a higher take up post switch off . As I would expect area by area as it was shut down.

I am yet to be convinced that TiVo is the great redeemer. However is is a great peg to hang your product on. At the end of the day its profit that counts & that seems to be going in the right direction. The question is, is it organic growth or increased prices driven, for which all companies have a tipping point. Time will tell :cool:

Oh ye of little faith.:)

Itshim 25-04-2012 15:58

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by denphone (Post 35419068)
Oh ye of little faith.:)

Who me ! I have faith in death & taxes always existing. Every thing else is open to debate
:D

spiderplant 25-04-2012 23:22

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Itshim (Post 35419046)
Interesting , So a thousand customers add per week. Any idea how many houses in the UK that are in cable areas and are not Virgin customers?

Roughly 12m homes are in cabled areas, and 5m are customers.

Quote:

Originally Posted by Itshim (Post 35419046)
Also are the boxes UK made ( surprised if they are) or imported, if so from where.Just curious nothing more :p:

From all of these...
UK, Romania, Czech Republic, Hungary, Mexico, South Korea, China, Indonesia.

Chad 25-04-2012 23:30

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by spiderplant (Post 35419299)
From all of these...
UK, Romania, Czech Republic, Hungary, Mexico, South Korea, China, Indonesia.

Where are the TiVo boxes assembled?

spiderplant 26-04-2012 00:23

Re: Virgin Media -- First Quarter 2012 Results
 
So far it has been Hungary, Mexico, China and Indonesia I think.

spiderplant 26-04-2012 09:21

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Itshim (Post 35419022)
Would love to know numbers of " brand new" customers the TiVo brought in.

"Over 40% of TiVo gross adds in the quarter were new to Virgin Media TV "

From http://seekingalpha.com/article/5269...urce=thestreet

denphone 26-04-2012 09:25

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by spiderplant (Post 35419388)
"Over 40% of TiVo gross adds in the quarter were new to Virgin Media TV "

From http://seekingalpha.com/article/5269...urce=thestreet

Thats impressive SP and just shows how much it has captured peoples imagination.

Ignitionnet 26-04-2012 13:34

Re: Virgin Media -- First Quarter 2012 Results
 
Another quarter's results, another pointless thread starting off with comments about good results and waiting for people to be doomsayers about it. It's a quarterly tradition.

The results are ok, not a cause for worship and reverence, and I do wonder just why these threads take the exact same tone each and every quarter, with a slight difference in which side is correct. The key number is always how the stock market reacted and they are content, but not ecstatic. VM's numbers are what they said they would be and reflect guidance and the current market, which is a very good one for them, Sky and BT.

Itshim 26-04-2012 14:30

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by denphone (Post 35419389)
Thats impressive SP and just shows how much it has captured peoples imagination.

Seems to be bringing the business which is what any company wants. ;)

From a company point of view hope its a low churn, I guess we will have to waited 6 months or so to see.

---------- Post added at 14:30 ---------- Previous post was at 14:28 ----------

Quote:

Originally Posted by Ignitionnet (Post 35419478)
Another quarter's results, another pointless thread starting off with comments about good results and waiting for people to be doomsayers about it. It's a quarterly tradition.

The results are ok, not a cause for worship and reverence, and I do wonder just why these threads take the exact same tone each and every quarter, with a slight difference in which side is correct. The key number is always how the stock market reacted and they are content, but not ecstatic. VM's numbers are what they said they would be and reflect guidance and the current market, which is a very good one for them, Sky and BT.

Very true I think its the sign of nothing much else happening that is the reason for looking - New channels "coming soon" etc.
Back to work !!!!:shocked:

qasdfdsaq 26-04-2012 14:37

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Ignitionnet (Post 35419478)
Another quarter's results, another pointless thread starting off with comments about good results and waiting for people to be doomsayers about it. It's a quarterly tradition.

The results are ok, not a cause for worship and reverence, and I do wonder just why these threads take the exact same tone each and every quarter, with a slight difference in which side is correct. The key number is always how the stock market reacted and they are content, but not ecstatic. VM's numbers are what they said they would be and reflect guidance and the current market, which is a very good one for them, Sky and BT.

What he said.

Maggy 26-04-2012 14:47

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Ignitionnet (Post 35419478)
Another quarter's results, another pointless thread starting off with comments about good results and waiting for people to be doomsayers about it. It's a quarterly tradition.

The results are ok, not a cause for worship and reverence, and I do wonder just why these threads take the exact same tone each and every quarter, with a slight difference in which side is correct. The key number is always how the stock market reacted and they are content, but not ecstatic. VM's numbers are what they said they would be and reflect guidance and the current market, which is a very good one for them, Sky and BT.

Yep I guess it is all too tedious but members have a right to post what they like provided they obey the site's T&Cs.:)

Ignitionnet 05-05-2012 10:17

Re: Virgin Media -- First Quarter 2012 Results
 
Interestingly to prove the point about these results being 'ok' Sky have just overtaken Virgin in terms of triple play subscribers.

http://corporate.sky.com/documents/p...ple_play_graph

qasdfdsaq 11-05-2012 00:56

Re: Virgin Media -- First Quarter 2012 Results
 
45,700 net additions on broadband internet, less than a year ago and only one-third as many as BT retail.

I see people are voting with their wallets after all...

General Maximus 11-05-2012 07:32

Re: Virgin Media -- First Quarter 2012 Results
 
excellent, and that is the way it should be. Money talks and BT will show other providers that if you dont do a proper job and provide a quality, reliable service with good customer service then you lose.

Sirius 11-05-2012 09:07

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by qasdfdsaq (Post 35426226)
45,700 net additions on broadband internet, less than a year ago and only one-third as many as BT retail.

I see people are voting with their wallets after all...

Quote:

Originally Posted by General Maximus (Post 35426254)
excellent, and that is the way it should be. Money talks and BT will show other providers that if you dont do a proper job and provide a quality, reliable service with good customer service then you lose.

You know who you are going to catch on the end of that hook dont you :LOL:

Ignitionnet 11-05-2012 09:14

Re: Virgin Media -- First Quarter 2012 Results
 
Said poster is looking at the thread right now actually. Either typing a long winded response or trying his utmost to contain himself from countering this slight.

carlwaring 11-05-2012 09:30

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Sirius (Post 35426279)
You know who you are going to catch on the end of that hook dont you :LOL:

So you know he was only posting to bait another user. Isn't that against the T&C? ;)
Quote:

Originally Posted by Ignitionnet (Post 35426284)
Said poster is looking at the thread right now actually. Either typing a long winded response or trying his utmost to contain himself from countering this slight.

I have already posted and deleted one response as I decided to think about it for a while.

We know that all of VM's services are only available to 50% of the country. Does anyone know how much of the country BT's Broadband service covers?

(Yes, that was a rhetorical question.)

If it's a larger amount (which of course it is) then there's at least one other possible reason for them adding more BB subscribers this quarter. What about last quarter, or the one before that? Is this the first time this has happened? Probably not but, similarly, what about the times (if it has ever happened) that VM have added more BB subscribers than BT? I assume those times would have just been dismissed as "an anomaly" or something?

My point being that, as BT are the largest broadband supplier in the UK (with VM second) it's hardly surprising that the former has added more BB customers than the latter, is it? :confused: There might (actually, probably will) be more than the one reason stated for it happening.

Quote:

Originally Posted by Ignitionnet (Post 35423636)
Interestingly to prove the point about these results being 'ok' Sky have just overtaken Virgin in terms of triple play subscribers.

If they're so good and VM so bad, what took then so long? (Four years!) :confused:

Quote:

Originally Posted by Ignitionnet (Post 35426284)
Said poster is looking at the thread right now actually.

Okay. That's called stalking :p:

Quote:

Originally Posted by General Maximus (Post 35426254)
excellent, and that is the way it should be. Money talks and BT will show other providers that if you dont do a proper job and provide a quality, reliable service with good customer service then you lose.

Pretty sure I could easily find complaints about the quality and reliability (or lack thereof) of BT's services and Customer Services without much trouble :rolleyes:

Sirius 11-05-2012 10:24

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Ignitionnet (Post 35426284)
Said poster is looking at the thread right now actually. Either typing a long winded response or trying his utmost to contain himself from countering this slight.

Its funny that you and i were thinking of the same person, Thankfully i don't see his replies .:)

carlwaring 11-05-2012 11:44

Re: Virgin Media -- First Quarter 2012 Results
 
Someone should explain to Sirius that, on forums such as this, he is bound to come across people with whom he disagrees. Given that such forums are normally used for the discussion of different views, then if he chooses to ignore everyone who holds a different, but equally valid, opinion, then what the heck is he doing joining forums in the first place? :confused::rolleyes:

Ignitionnet 11-05-2012 13:28

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by carlwaring (Post 35426346)
Someone should explain to Sirius that, on forums such as this, he is bound to come across people with whom he disagrees. Given that such forums are normally used for the discussion of different views, then if he chooses to ignore everyone who holds a different, but equally valid, opinion, then what the heck is he doing joining forums in the first place? :confused::rolleyes:

Assuming your opinion is equally valid by default is arrogant. I recently saw an endocrinologist, I wouldn't regard your opinion of my endocrine system as being equally valid, just as I wouldn't regard the tragically sad way you jump to the defence of a utility company at every conceivable opportunity as giving any validity to your comments on it.

Go and study with your spare time to improve your CV a bit or at very least expand your horizons rather than coming onto this forum (did you only start posting on here because you lost posting rights elsewhere?) and offering up the same viewpoint time and time again. It's gotten really, really old.

I have to say it's deliciously ironic that you apparently can't post on Virgin's own forum and Virgin staff here regard you with derision. Tragic too.

---------- Post added at 13:25 ---------- Previous post was at 13:14 ----------

Quote:

Originally Posted by carlwaring (Post 35426295)
So you know he was only posting to bait another user. Isn't that against the T&C? ;)

By that standard a large proportion of your abrasive and provocative posting, done for no apparent reason other than to irritate other people would be questionable.

Quote:

Originally Posted by carlwaring (Post 35426295)
We know that all of VM's services are only available to 50% of the country. Does anyone know how much of the country BT's Broadband service covers?

(Yes, that was a rhetorical question.)

Yes, although you are aware that BT's network is open access, and that service via the Openreach network is delivered by 3-figures ISPs using the BT Wholesale network and a handful of LLU operators?

With that in mind if we talk about coverage you then have to start comparing Virgin against DSL in total. It doesn't make for good reading. We could also compare Virgin to peer cable companies and we find that their uptake in their cabled areas is relatively low. This is put down to the strength of the competition.

Quote:

Originally Posted by carlwaring (Post 35426295)
If it's a larger amount (which of course it is) then there's at least one other possible reason for them adding more BB subscribers this quarter. What about last quarter, or the one before that? Is this the first time this has happened? Probably not but, similarly, what about the times (if it has ever happened) that VM have added more BB subscribers than BT? I assume those times would have just been dismissed as "an anomaly" or something?

It isn't. BT have been adding more customers per quarter for years. VM's passed areas reached near-saturation a while ago.

Quote:

Originally Posted by carlwaring (Post 35426295)
My point being that, as BT are the largest broadband supplier in the UK (with VM second) it's hardly surprising that the former has added more BB customers than the latter, is it? :confused: There might (actually, probably will) be more than the one reason stated for it happening.

Not surprising in the slightest.

Quote:

Originally Posted by carlwaring (Post 35426295)
If they're so good and VM so bad, what took then so long? (Four years!) :confused:

Building out their network and acquiring the customer base. Ridiculous to describe acquisition of over 4 million triple play customers in 4 years as being 'so long'. How many years did VM take to acquire 4 million, given they've been offering triple play en masse via Telewest and ntl since, what, 2001?

Going from being a single service TV operator to having over 4 million triple play customers in a served area of approximately 22,000,000 homes is pretty impressive whichever way you look at it.

Quote:

Originally Posted by carlwaring (Post 35426295)
Okay. That's called stalking :p:

Or it's noticing what it says at the bottom of the thread regarding who's looking at it, nothing too untoward, don't flatter yourself :)

---------- Post added at 13:28 ---------- Previous post was at 13:25 ----------

Quote:

Originally Posted by Sirius (Post 35426314)
Its funny that you and i were thinking of the same person, Thankfully i don't see his replies .:)

Fair point. I'd best put the asshat back on ignore before I get myself infracted. Having read him posting the same **** across various media for several years it gets really old and really tiring when he appears on here to grace us with his wisdom.

qasdfdsaq 11-05-2012 13:44

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Ignitionnet (Post 35426284)
Said poster is looking at the thread right now actually. Either typing a long winded response or trying his utmost to contain himself from countering this slight.

I read this, saw the next post below yours, and burst out laughing. Loudly. In the office.

---------- Post added at 13:39 ---------- Previous post was at 13:39 ----------

Quote:

Originally Posted by Sirius (Post 35426314)
Its funny that you and i were thinking of the same person, Thankfully i don't see his replies .:)

Rest assured, it was of the page-long tl;dr type.

---------- Post added at 13:44 ---------- Previous post was at 13:39 ----------

Quote:

Originally Posted by carlwaring (Post 35426295)
We know that all of VM's services are only available to 50% of the country. Does anyone know how much of the country BT's Broadband service covers?

(Yes, that was a rhetorical question.)

The services we're talking about (FTTC) - 37%. They are adding 131,000 customers per quarter on Infinity alone, not including the 60 other providers running FTTC services on the same network.

Quote:

If it's a larger amount (which of course it is) then there's at least one other possible reason for them adding more BB subscribers this quarter.
It isn't larger, it is smaller.

Quote:

What about last quarter, or the one before that? Is this the first time this has happened? Probably not but, similarly, what about the times (if it has ever happened) that VM have added more BB subscribers than BT? I assume those times would have just been dismissed as "an anomaly" or something?
BT has been consistently adding more on FTTC than VM for the past year,

Quote:

My point being that, as BT are the largest broadband supplier in the UK (with VM second) it's hardly surprising that the former has added more BB customers than the latter, is it? :confused: There might (actually, probably will) be more than the one reason stated for it happening.
BT Infinity is adding 131,000 customers per quarter, and only available to 37% of the country so far. VM's FTTN services are adding just 45,700, but are available to around 50% of the country.

So not only does fact demonstrate the exact opposite of what you state, it is more surprising when VM (wrongly) advertise their service as the fastest in the country (and unsurprisingly many people have been misled by this claim, my flatmates included)

Quote:

If they're so good and VM so bad, what took then so long? (Four years!) :confused:
They've been doing it for a year, and well, with 25% availability they already overtook VM.

Quote:

Pretty sure I could easily find complaints about the quality and reliability (or lack thereof) of BT's services and Customer Services without much trouble :rolleyes:
Sure, my experience with their CS has been pretty meh, but nowhere near the downright despicable I had with VM.

For one, they've so far not once tried to blame my equipment for poor speeds and fixed the problem and called me back when promised, all things VM failed to do during my ~3 years with them.

Sirius 11-05-2012 17:20

Re: Virgin Media -- First Quarter 2012 Results
 
Quote:

Originally Posted by Ignitionnet (Post 35426383)
Fair point. I'd best put the asshat back on ignore before I get myself infracted. Having read him posting the same **** across various media for several years it gets really old and really tiring when he appears on here to grace us with his wisdom.

Yep i have no intention of reading his spam, It reminds me of nerd porn and that's why i put him on ignore to save my sanity

---------- Post added at 17:20 ---------- Previous post was at 17:18 ----------

Quote:

Originally Posted by qasdfdsaq (Post 35426401)
Rest assured, it was of the page-long tl;dr type.

Thankfully i did not have to read it :LOL:

Paul 12-05-2012 15:55

Re: Virgin Media -- First Quarter 2012 Results
 
Enough of the jibes at each other, stick to the topic.


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