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How to buy Sky TV shares (SKT)

Your simple guide to buying SKT shares on the New Zealand Exchange.

Sky TV is a subscription television company that offers satellite TV and media streaming services. Shares in the company can be traded on the New Zealand Stock Exchange (NZX) — find out how in this guide.

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How to buy shares in Sky TV on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Sky TV Find the stock by name or ticker symbol: FPH. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Sky TV reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Sky TV, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Sky TV. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Compare NZX share trading platforms

Name Product Available Investment Types Min. Monthly Fee Available Markets
Sharesies
Shares, ETFs, Managed Funds, Index Funds
$0
US, NZ, AU, Funds with exposure to multiple markets
Trade and invest in more than 5,000 companies, ETFs and managed funds across New Zealand, the US and Australia.
ASB Securities
Shares, ETFs, Bonds
$0
NZ, AU, Funds with exposure to multiple markets
Direct Broking
Shares, ETFs, Bonds
$5 per month
NZ, AU, Funds with exposure to multiple markets
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Sky TV overview and background

Sky Network Television Limited first started life as Sky Media Limited back in 1987, and began broadcasting in 1990. Independent Newspapers Limited (INL) purchased a stake in Sky Network Television in 1997, and the two companies eventually merged in 2005.

The company now boasts over 70 satellite channels, 40 Sky Go streaming channels, and 12 channels and streams dedicated to sport. It has more than 990,000 customers in total and employs close to 1,000 people.

Sky TV shares are listed on the NZX and the Australian Securities Exchange (ASX).

Performance and company results

Sky Network Television Limited’s annual report for the 2020 financial year was released in September 2020. The company reported total revenue of $747.6 million, $82.7 million free cash flow, and a 153% growth in streaming customers.

The net loss after tax for the financial year 2020 was $156.8 million, but this included a goodwill impairment charge of $177.5 million.

Key details

NameSky Network Television LimitedIndustryTelevision and Media Streaming
Ticker symbolSKTISINNZSKTE0001S6
TypeOrdinary sharesDate listed on NZX28 Jun 2005
End of financial yearJuneChief executive officerSophie Moloney
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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