Virgin Media Third Quarter 2012 Results.
 

Virgin Media will be announcing its Third Quarter 2012 results on Tomorrow (Tuesday 23 October 2012) at 7am UK time.

http://announce.ft.com/Detail/?DocKe...RX____BW6139-1

Re: Virgin Media Third Quarter 2012 Results.
 

Here we have it.

-- Revenue up 3.1% to GBP 3,061m for the nine months -- Revenue up 2.8% to GBP 1,028m for the quarter

-- OCF(1) up 3.8% to GBP 1,211m for the nine months -- OCF up 6.1% to GBP 423m for the quarter

-- Operating income of GBP 491m for the nine months; GBP 180m for the quarter

-- Net income of GBP 196m for the nine months; GBP 124m for the quarter

-- FCF(2) down 6.3% to GBP 336m for the nine months; down 11% to GBP 120m for the quarter -- Net cash provided by operating activities of GBP 808m for the nine months; GBP 365m for the quarter

Multiple sources of high quality revenue growth

-- Net cable customer additions of 39,500 in the quarter, up from 6,300 -- Churn down from 1.7% to 1.4% in the quarter

-- Cable ARPU up 1.8% to GBP 48.73 in the quarter

-- On-going improvement of customer base mix in the quarter -- TiVo customers increased 205,900 to 1.14m; now 30% of TV base

-- 52,200 increase in the paying TV base(3)

-- Superfast broadband customers (30Mb and above) increased 452,900 to 1.8m, now 42% of broadband base

-- Mobile revenue down 3.1% to GBP 137m in the quarter

-- Business division revenue up 9.5% to GBP 169m in the quarter

http://www.marketwatch.com/story/vir...lts-2012-10-23

http://phx.corporate-ir.net/phoenix....479&highlight=

Re: Virgin Media Third Quarter 2012 Results.
 

Several phrases missing from the statement:
- New channels
- High Definition
- Profit
?

Re: Virgin Media Third Quarter 2012 Results.
 

Yes long on spin but short on deliverance.

Re: Virgin Media Third Quarter 2012 Results.
 

Re: Virgin Media Third Quarter 2012 Results.
 

A cursory glance at the figures shows good growth in BB, but TV and phone have stagnated . 137000 new BB customers over the last year , over 10,000 a month, but only 16,000 Tv and phone customers in the same period just over 1000 a month. Most of the increased revenue has come from the price increases.

Re: Virgin Media Third Quarter 2012 Results.
 

Remember for TV there has also been a big drive to convert existing TV customers across to TiVo.

Also where are you getting 16,000 from? In Q3 TV customers were up by 52,000

Re: Virgin Media Third Quarter 2012 Results.
 

hardware used?

:angel:

Re: Virgin Media Third Quarter 2012 Results.
 

Investors look at current activity not past and in the last 3 months VM added 60k Broadband and 40K TV customers - fantastic results

Re: Virgin Media Third Quarter 2012 Results.
 

If they're making that much money, why is my BB still rubbish at times?

Re: Virgin Media Third Quarter 2012 Results.
 

The two aren't directly connected

Re: Virgin Media Third Quarter 2012 Results.
 

Neither is my broadband sometimes Ben, or the TV for that matter.

Re: Virgin Media Third Quarter 2012 Results.
 

Fair enough, but that affects all residential services, no matter what profit a company is making

Re: Virgin Media Third Quarter 2012 Results.
 

Seems to be a lot of figures bouncing around.

http://www.guardian.co.uk/media/2012...00?INTCMP=SRCH

"Virgin Media managed to grow its TV subscriber base by just 10,700 new customers – an improvement over the same period last year when the company lost TV customers – taking the total TV base to 3.78 million."

Re: Virgin Media Third Quarter 2012 Results.
 

TV customers are up 10,700, but paying TV customers are up 52,200.

No idea where Mr bear got his 16K from.

Re: Virgin Media Third Quarter 2012 Results.
 

From the Earnings report as posted by Hugh. The figures show the net customers as at 30 Sept 2011 and 30 Sept 2012.
SELECTED CONSUMER OPERATIONS STATISTICS
Consumer cable customers 4851.6 \ 4750.6
Broadband 4290.5 \ 4072.9
TV 3778.4 \ 3762.0
Telephone 4157.7 \ 4141.0

Re: Virgin Media Third Quarter 2012 Results.
 

Did VM previously have thousands of non-paying customers included in their TV customers base?

:erm: I think I am having a senior moment 'cause I don't understand the above figures, I know there must be a simple explanation that is evading me so just ignore me if the answer is blindingly obvious and I will slink away back to my Knitting and Horlicks. :D

Re: Virgin Media Third Quarter 2012 Results.
 

Over the last 12 months, but paying TV customers up by 200,000

Re: Virgin Media Third Quarter 2012 Results.
 

Yes, those on TV M - its a £0 rated package, so isn't counted as Pay TV

Re: Virgin Media Third Quarter 2012 Results.
 

See ...https://www.cableforum.co.uk/images/local/2016/10/1.gif ... I knew there would be a simple explanation.

Cheers Ben.

Re: Virgin Media Third Quarter 2012 Results.
 

BT Group gained nearly 310k broadband customers in the same quarter, with 170k on "superfast" fibre. 60k is "fantastic"?

Re: Virgin Media Third Quarter 2012 Results.
 

For a company the size of vm, yes it is.

Re: Virgin Media Third Quarter 2012 Results.
 

its fantastic because cloners have decided to join as a full customer having taken years of free trials ;)

Re: Virgin Media Third Quarter 2012 Results.
 

BT results for the same quarter (ending 30th Sept 2012) are still to be announced. In the previous quarter (ending 30th June) BT Retail added 85,000 broadband customers, representing 50% of DSL, LLU and fibre broadband net additions (excluding cable).

BT Retail superfast broadband net additions increased by over 150,000 customers while Virgin Media outsold them 3 times over with over 450,000 superfast net adds in the same period.

Just as the majority of Virgin superfast adds are from customers being upgraded the majority of BT Infinity adds are from the existing BT DSL base, not in addition to.

Re: Virgin Media Third Quarter 2012 Results.
 

you need to let it lie, as you are getting really boring.....

Re: Virgin Media Third Quarter 2012 Results.
 

I will when its eradicated.

Re: Virgin Media Third Quarter 2012 Results.
 

Already posted. In the quarter, the firm made a net profit of £123.9m

Re: Virgin Media Third Quarter 2012 Results.
 

Then its about time they invested in certain channels they know the majority of VM customers want.

Re: Virgin Media Third Quarter 2012 Results.
 

Funny, BT's own performance indicators indicate 136,000 net additions representing 44% of the xDSL market, indicating total net additions for BT Group of 309,000 for "Q4 2012" (FY).

We were talking about VM total net adds (60k including wholesale) vs BT Group (309k including wholesale).

If you want to separate superfast from non superfast, in the non-superfast category you have VM losing 390,000 customers and BT Group gaining 139,000.

In the Superfast category you have VM and BT counting "superfast" differently, with superfast on VM being >=30Mb and on BT being >=38Mb. If you use VM's lowest tariff as a cutoff, obviously making their own numbers look bigger you have around 450,000 net adds on VM and 150,000 on Openreach whereas if you use BT's lowest as a cutoff you only have 247,500 net adds on VM "superfast".

In terms of total uptake, you have a somewhat over 700,000 active customers on Openreach fibre (with around 40% UK coverage, aka 7% uptake) vs. 837,500 active customers on VM on the same or higher tariffs (with 51% UK coverage aka 6.5% uptake). Course all the BT Group figures are a few months out of date and will be higher now...

For all intents and purposes they're competing on pretty even footing now with VM losing their early lead on and off. And as they say, competition is good.

Re: Virgin Media Third Quarter 2012 Results.
 

want to spend some of it on new channels then :erm:

Re: Virgin Media Third Quarter 2012 Results.
 

BT "Q4" is for the 3 months ending 31st March 2012

Virgin "Q3" is for the 3 months ending 30th Sept 2012


BT results for the 3 months ending 30th Sept 2012 are not due until November.


Last BT results are for the 3 months ending 30th June which is why I quoted those figures.


25th July 2012:

BT Group plc (BT.L) results for the quarter ending 30 June 2012.


Broadband

We added 85,000 retail broadband customers in the quarter, representing 50% of the broadband market net additions* of 170,000.


* DSL, LLU and fibre, excluding cable


We added over 150,000 BT Retail fibre broadband customers and the customer base currently stands at more than 700,000


Openreach

Operational

44,000 reduction in physical lines

170,000 broadband users added*

* DSL, LLU and fibre, excluding cable

Fibre roll-out

11m premises now passed
Virgin don't get to set the cut off point to make their numbers look bigger. Ofcom defines "superfast" as a connection with an advertised speed of up to 30Mb/s.
700,000 out of a potential 11m BT fibre homes.

Virgin cable covers roughly 12.9m homes

As of 30th June Virgin had 1.3m superfast subs (as defined by Ofcom, not you or BT), 1.8m by 30th Sept


BT (30th June) = around 6.5%

VM 1.3m (30th June) = around 10%

VM 1.8m (30th Sept) = around 14%

As of 30th Sept Virgin had 42% of their cable broadband base on superfast speeds (30Mb or higher) with 44% of new subs in the quarter taking 60Mb or higher at point of sale.
As I said, latest BT results are for the 3 months ending 30th June which is why I originally compared Virgin's superfast net adds for the same period and not the latest results which further extend Virgin's superfast lead.
Virgin's CEO noted in Q2 (and again in Q3) that BT Infinity was having little or no impact on Virgin in areas where they went head to head. As such Virgin was maintaining its overall market share/lead with BT Infinity net adds cannibalising the existing DSL market.

Re: Virgin Media Third Quarter 2012 Results.
 

Great, so you deliberately pick a cutoff that makes VM's figures look bigger for them. Bravo.

Actually, I think you'll find OFCOM originally defined, back in 2010:
"Super-fast broadband is generally taken to mean broadband products that provide a maximum download speed that is greater than 24 Mbit/s"

Since BT Group had over 10 million ADSL2+ customers in 2010 and ADSL2+ theoretically has a maximum download speed of 26.768 Mbit/s, by OFCOM standards, BT had 10 million "superfast" subscribers in January 2010.

On a similar note, the BDUK part of the government defines "Superfast Broadband as having a potential headline access speed of at least 20Mbps" which again covers all of BT's ADSL2+ services under "superfast" and BT Group have had over 10 million "superfast" customers since January 2010.

Then there's the Broadband Stakeholder Group's viewpoint (included only because it was in the same article which seemed to use superfast and next-gen interchangeably):
"With next generation broadband consumers could experience a better quality and consistency of service, without necessarily using higher download speeds. For example, a service that provided a consistent 10Mbps download and 5Mbps upload, while not providing faster download speeds than current copper-based broadband is capable of, is well beyond the capabilities of the current network and would require NGA.

Download speed is just one feature of a broadband service (albeit the main feature that services are marketed on). With NGA, we will see a step change in the quality of service that consumers receive that is about more than just download speeds, but covers upload and quality of service characteristics mentioned above too. For many, it is these improvements that are most exciting in terms of how next generation services will evolve."

That'd mean pretty much all BT Infinity (and related FTTC services) qualify as next-gen whereas only 100-120Mbps service(s) on VM do, if you look at the upload speed alone, and absolutely no VM services qualify if you take into account STM and/or upstream jitter. By that reckoning, BT Group have 700,000 NGA subscribers while VM have zero.

Want to try again?

Re: Virgin Media Third Quarter 2012 Results.
 

Mmm, good old flabby BT who did nothing in this space until it saw itself being out manoeuvred by a company who is tiny in comparison. This was a topic about VM, which today posted fantastic results.

Re: Virgin Media Third Quarter 2012 Results.
 

[QUOTE=Top banana;35488253in comparison. This was a topic about VM, which today posted fantastic results.[/QUOTE]

Really you call them fantastic :rolleyes::erm:

http://www.thestreet.com/story/11722...aded-vmed.html

"VMED, with its decline in revenue, underperformed when compared the industry average of 10.5%. Since the same quarter one year prior, revenues slightly dropped by 0.3%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share."

Re: Virgin Media Third Quarter 2012 Results.
 

That's one part of the report, and considering the top of the page says:

Then others seem to think it's a good report

Re: Virgin Media Third Quarter 2012 Results.
 

You may want to check the date of the link you posted. The results are fantastic and the share price has shot up off the back of them

http://community.nasdaq.com/News/201...8#.UIfARJG9KK0

---------- Post added at 11:22 ---------- Previous post was at 11:12 ----------


Virgin's CEO noted in Q2 (and again in Q3) that BT Infinity was having little or no impact on Virgin in areas where they went head to head. As such Virgin was maintaining its overall market share/lead with BT Infinity net adds cannibalising the existing DSL market.

Re: Virgin Media Third Quarter 2012 Results.
 

Sorry I was questioning the choice of words. If that is fantastic...... ?:monkey:
Time line yesterday

[img]Download Failed (1)[/img]

Re: Virgin Media Third Quarter 2012 Results.
 

Share price was at 29.75 pence per share a month ago an it's now at 34.13 pence per share which is an 8% rise, and it's risen 45% since the beginning of the year

Re: Virgin Media Third Quarter 2012 Results.
 

That's Dollars actually, but I know, woo hooo.................roll on November 1st!!!!!!!!!!!!!!!!!!!!!!!

Re: Virgin Media Third Quarter 2012 Results.
 

The point was look at the open & close. Its not fantastic. :erm:

---------- Post added at 12:43 ---------- Previous post was at 12:39 ----------

4.5c (3p) over a month & on release of quarterly figures Is not great . :sleep:

Re: Virgin Media Third Quarter 2012 Results.
 

It is for me, and anyone else in the VM share save scheme that matures on 1st November.

Re: Virgin Media Third Quarter 2012 Results.
 

Please don't post when you have no idea what you are on about. The price in this post is dollars, so they went up by 3 dollars.

So if you bought 100 dollars worth at 10am by close of play that was a 300 dollar profit

Re: Virgin Media Third Quarter 2012 Results.
 

That why I employ a stockbroker ;) Did yours buy or sell :confused: & please talk in real numbers not a child`s pocket money :cool:
[img]Download Failed (1)[/img]
My eye must be bad that looks like around 33.7 rising to 34 at the end of that day.
But I am sure your portfolio shows how great you are at this sort of thing. As I stated I pay other people to look at these things - So I can think how to spend it !!

Re: Virgin Media Third Quarter 2012 Results.
 

32.50 at 9.45, not sure why you are being so pedantic here, the city think they are great, you don't, can't understand why you don't think the same.

Re: Virgin Media Third Quarter 2012 Results.
 

Because I can be pedantic I will point this out & it was the reason for my original post the WORD I questioned was fantastic . Way to strong for what was posted.
Please note the minus signs or have I got that wrong :erm:
As at 2.36pm (guess my clock was slow )

VMED (NASDAQ) VMED (LSE) Last: 33.25$ Last: 2,075GBX Change: -0.88 Change: -16.00 Change%: (-2.58%) Change%: (-0.77%) Time: 09:36 am ET Time: 02:36 pm UKT

---------- Post added at 16:09 ---------- Previous post was at 14:55 ----------


spoke to my brother - he just laughed at the thought of going into Virgin shares. Still what ever rocks your boat I guess is good.

---------- Post added at 16:11 ---------- Previous post was at 16:09 ----------


Now that I can relate to. Bet you started at a really low price. The Tax man cometh :D

Re: Virgin Media Third Quarter 2012 Results.
 

Well i am certainly smiling bought mine at 12 dollars and 57 cents, still not selling yet though as the city money men reckon they will reach 37 dollars with some saying 40.

http://zolmax.com/virgin-media-price...2919243/19243/

Re: Virgin Media Third Quarter 2012 Results.
 

I presume that your brother is some sort of IFA? I wouldn't trust any IFA as far as I could kick them and that's not very far.

Re: Virgin Media Third Quarter 2012 Results.
 

Indeed :)

Re: Virgin Media Third Quarter 2012 Results.
 

$5:20 :-)

VM shares,and believe me I know as I watch them daily, have been on an upward trend for the last three years (albeit with the odd dip here and there, and they have been particularly strong for the last quarter.

Your brother knows nowt.

Re: Virgin Media Third Quarter 2012 Results.
 

Well said

Re: Virgin Media Third Quarter 2012 Results.
 

:clap:

Re: Virgin Media Third Quarter 2012 Results.
 

The share price will be generally increasing for two reasons, telecommunications is now classed at the same level importance of other utilities, and secondly VMs debt issues have significantly improved, especially over the last few years.

In fact, VM tendered out today to replace $1.25bn of existing high interest debt that's due to mature in the next few years, with lower interest debt due in 2022. The fact that VMs credit rating has drastically improved along with the debt ratio is basically the main reason they have returned to profitability.

You never know, one day they might have cleared enough debt to start giving a **** about the customers...

Re: Virgin Media Third Quarter 2012 Results.
 

So what is doubling broadband speeds?

Re: Virgin Media Third Quarter 2012 Results.
 

All very nice TB but the trouble is we are still waiting for it.

Re: Virgin Media Third Quarter 2012 Results.
 

Doubling broadband speeds has more to do with remaining relevant in the current market than any passionate need to help customers.

Re: Virgin Media Third Quarter 2012 Results.
 

Yes but other companies are charging extra forl higher speeds, whereas VM are doing it for free when they have spent over a million pounds on the upgrade to the network

TiVo is another thing appreciate there's a charge, however no one else offers it an agAin the cost to develop and integrate is not cheap

Re: Virgin Media Third Quarter 2012 Results.
 

Not so sure they are doing it for free as l have had two price rises this year plus one suspects one or two price rises arriving next year as well so to say its free is a fallacy in my opinion.

Re: Virgin Media Third Quarter 2012 Results.
 

However, quite a few pre-April customers - to whom the price rises applied - can reduce their bill by moving onto a Collection

Re: Virgin Media Third Quarter 2012 Results.
 

Says the guy who thinks VM stock quadrupled in the space of seven hours?

---------- Post added at 21:13 ---------- Previous post was at 21:08 ----------

Quite a few is not all. Customers taking one or two services (i.e. actually just talking about broadband here) have unavoidable price increases.

If you want to talk about the cost factor of a broadband speed increase you should be looking at the cost paid solely for broadband, not in combination with several other unrelated services that are not involved in the delivery of said broadband.

Re: Virgin Media Third Quarter 2012 Results.
 

Err...
$100 at $32.47 each would buy you 3 shares and you'd get $2.59 change.
Selling your 3 shares on Tuesday would raise $103.32.
You now have $106.91.

Still not a bad investment, as long as you don't pay dealing fees.

Re: Virgin Media Third Quarter 2012 Results.
 

If you invested $100 you would make just over $6 a return of 6% pretty good.

Re: Virgin Media Third Quarter 2012 Results.
 

too much beer, meant to say bought 100 shares

Re: Virgin Media Third Quarter 2012 Results.
 

Fail fail fail fail fail.

---------- Post added at 11:38 ---------- Previous post was at 11:37 ----------

$6 is a far cry from the $300 he was claiming...

Re: Virgin Media Third Quarter 2012 Results.
 

Buried in the finer details of the quarterly report:

Hurrah!

Re: Virgin Media Third Quarter 2012 Results.
 

That's hardly a surprise

Re: Virgin Media Third Quarter 2012 Results.
 

But it's totes evil.

Re: Virgin Media Third Quarter 2012 Results.
 

Why? It's not unique to Virgin Media, nor to the communications sector.

Re: Virgin Media Third Quarter 2012 Results.
 

Not after a previous report where he effectively said that Tivo was shiffting well, so they thought they could get away with upping the price from £3 to £5 without slowing down the uptake. Wheather it's right or wrong, it comes across to customers as a form of fleecing them. No one objects to a product sold with a fair profit, but when there is a hint of going beyond the fair profit, just because they can get away with it, then I think it reflects badly on the company.

Re: Virgin Media Third Quarter 2012 Results.
 

Just cause the world is full of evil corporations all doing it it don't mean it aint evil

Tis all a conspiracy I tells ya.

Re: Virgin Media Third Quarter 2012 Results.
 

Funnily enough there is an article on this subject here

http://www.guardian.co.uk/money/2012...l-rise-quarter

It also mentions the the fact that VM are the only company you can get broadband without a phone line, can't understand why VM don't push that as its a clear differential between them and the competition?

Re: Virgin Media Third Quarter 2012 Results.
 

Are you toonlight under another name :LOL:

Re: Virgin Media Third Quarter 2012 Results.
 

It will be interesting when 4g rolls out nationally. Fixed line broadband speeds without the need for line rental. All it will take is one of the operators to come up with a sensibly priced and capped plan and market it as a replacement for your broadband + phone line and you then have a very uncomfortable position for the fixed line telephone providers.

Re: Virgin Media Third Quarter 2012 Results.
 

I wonder if that's why VM are trying so hard to muscle themselves into the 4G market...

You're right, prices are currently not very competitive, because there's no competition. However unfortunately, one of the only two previous networks that had any sensible level of "Unlimited" plan, i.e. a 3G data plan that could reasonably be used to substitute fixed broadband for light to medium users, has been replaced by this new peanuts brand that's ripping everyone off.

Re: Virgin Media Third Quarter 2012 Results.
 

I can see VM going entirely VOIP eventually, either with smartphone apps or a branded wifi phone + hub combo. They can get rid of all their POTS then and save a packet on interconnect fees.

Re: Virgin Media Third Quarter 2012 Results.
 

There would still be interconnect fees to the terminating/receiving calls providers, surely?

Re: Virgin Media Third Quarter 2012 Results.
 

Yep, but it saves them running a huge and redundant POTS infrastructure...

Re: Virgin Media Third Quarter 2012 Results.
 

Agreed - they can then focus on the PANS....

Re: Virgin Media Third Quarter 2012 Results.
 

As I have mentioned in another thread, VM are going VoIP.

They are currently deciding on which vendor to go for the soft switches, I think I know which one it will be.

The current voice kit is around 20years old so it is inevitable that this is going to happen.

Re: Virgin Media Third Quarter 2012 Results.
 

PANS???

Re: Virgin Media Third Quarter 2012 Results.
 

POTS and PANS - I believe it was a joke ;)

Re: Virgin Media Third Quarter 2012 Results.
 

POTS - Plain Old Telephone Service

PANS - Pretty Amazing New Stuff

;)