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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


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