Quote:
Originally Posted by VirginMediaSucks
VM lost 37,000+ customers in Q4 2006 (source: http://news.bbc.co.uk/1/hi/business/6405549.stm). That's 406 customers per day.
To say that the loss rate is down to 100 per day now after the Sky basics fiasco frankly doesn't seem to make sense.
In Q4 2006, VM made just £9.2m on revenues of £1018.6m (source http://library.corporate-ir.net/libr...ssRelease.pdf). That's a profit margin of 0.9% which is extremely poor. Virgin will save just £30m annually on the loss of Sky basics, but you can see how fragile their bottom line is.
Despite this, Virgin Media's share price is holding up fairly well (see http://finance.google.com/finance?q=VMED). However, they are listed in New York and I do wonder just how well their investors know the UK market.
Keep an eye on that share price. I have a feeling that it's going to make a sharp turn downwards quite soon. |
Why excactly are you posting on this site? its obvious that you seem to hink Virgin are crap and are to blame for all this, meanwhile sky are oh so innocent and provide an amazing service.
Do us a favour and run along to murdoch will you and ask him when you are getting your Sky+ box with 3 tuners and HD support all in one, that you dont need to pay for, that is replaced for free if it breaks. Also ask him when you are getting your 20mb broadband and vod that works like a dvd player.
---------- Post added at 19:25 ---------- Previous post was at 19:23 ----------
Quote:
Originally Posted by VirginMediaSucks
VM lost 37,000+ customers in Q4 2006 (source: http://news.bbc.co.uk/1/hi/business/6405549.stm). That's 406 customers per day.
To say that the loss rate is down to 100 per day now after the Sky basics fiasco frankly doesn't seem to make sense.
In Q4 2006, VM made just £9.2m on revenues of £1018.6m (source http://library.corporate-ir.net/libr...ssRelease.pdf). That's a profit margin of 0.9% which is extremely poor. Virgin will save just £30m annually on the loss of Sky basics, but you can see how fragile their bottom line is.
Despite this, Virgin Media's share price is holding up fairly well (see http://finance.google.com/finance?q=VMED). However, they are listed in New York and I do wonder just how well their investors know the UK market.
Keep an eye on that share price. I have a feeling that it's going to make a sharp turn downwards quite soon. |
By the way the link in your sig...that site needs changing, the removal of sky one is not a fundamental change in the service anyone is receiving. I suggest you read up on contract law before you start making assumptions like that