What are the fees? Long islanders with RBC cards can currently use the only atm in Long Island located at Scotia Bank but the fee is $9 per withdrawal. Simply ridiculous. How the central bank allows these obscene fees is beyond me.
You may be right and Aliv will win but most assuredly it will be a Pyrrhic victory. They have achieved market share but at what cost? Aliv is gaining more of an ever shrinking telecommunications pie. Cutthroat competition and rapid technological changes have seen to that. WhatsApp has eroded profitability as voice revenue has gone to zero. Aliv’s problem is that ARPU average revenue per unit (subscriber) is falling far below expectations and a level necessary to be profitable. It is hard to see how they get this to increase in a meaningful way. Will customers suddenly have a need to pay more for services each month? So yes they will be profitable eventually but very likely only marginally so with the bulk of profits simply servicing an onerous legacy debt. And then even if they can manage to service this debt there will inevitably be further capital raises to finance the build out of 5G and beyond. That is the peril of being in a capital intensive industry with rapid technological changes. It is clear this second cellular license is not nearly as valuable as once thought. Surprisingly most shareholders have not realized this yet.
“A significant number of the BISX-listed communications provider’s shareholders have become uncomfortable about the near-$400m debt currently sitting on its balance sheet as a result of the need to finance its mobile and US expansions.”
Cable’s debt is not near $400m, in just long term debt and preference shares it is now $442m not to mention current liabilities. This company is grossly over leveraged and it is hard to see how this debt will ever be repaid. As for Aliv it keeps coming back for more debt after promising it would not need to. This whole article seems like more spin from management and it has been going on for years.
I know a business that was slapped with a $4500 fine for being 3 days late paying business license fees. How can these people get away with this crap? Slap a huge fine for each day they are late and if they refuse invalidate their license and shut them down. I would like to know who they are paying off in campaign contributions to still be operating without paying taxes.
From what I have read in news reports and on social media one or more of these men were known, wanted prolific criminals. Our crime problem is a multifaceted one, long in the making with no easy quick fixes. This needs to be tacked systematically and intelligently with the will to see it through. There are short term and longer term measures drastically needed.
In the short term there needs to be a task force created whose sole aim is to target prolific, career violent criminals. These persons should be under 24 hr surveillance and the moment they slip up, arrested. New Providence is too small to hide, these persons are already well known to police. A most wanted list of 100 of these individuals should be on the commissioner’s desk each morning. As they are killed or incarcerated, struck off the list and another name added. You remove the 100 most hardened criminals from our streets and crime would fall drastically overnight. It is simply unacceptable for us to allow a small group of thugs to terrorize the Bahamian public and jeopardize our way of life.
Our judiciary deserves a lot of the blame as well. Handing out far too lenient sentences for very violent crimes. Our sentencing guidelines need to be much more severe and the judiciary reformed to ensure that these chronic offenders are not quickly released to commit crime again. There is so much more but these two measures would be a great start.
Looked it up it is now 11 consecutive quarters of losses, nine out of the last ten lost at least 10million dollars, the other quarter the loss was 9million.
Why shareholders have not demanded more accountability from management is beyond me. All they do is try to spin the numbers, talking up revenue and clamming up when anyone asks about net income. The truth is there almost assuredly is no dividend resumption next month as management has been promising for the last two years. We are on 10 consecutive quarters ( could be more at this point but I have lost track) of losses with no end in sight. Florida has not been a success, the legacy business is in decline due to Netflix etc leading to cord cutting, and what’s app and cutthroat competition with BTC has gutted Aliv’s profits. Sure they have gained market share but good luck trying to increase average revenue per user ARPU to capitalize on that.
Truth is mismanagement and overexpansion along with market forces and the unrelenting march of new technologies has decimated the profit model. Cable is trading at $2.22, one can easily argue it should be trading at half that. With 500 million in debt hard to see dividends for years. If the banks had not been lenient and renegotiated favorable repayments cable would be insolvent.
Thank you for your comment. This is exactly what I was trying to articulate and it has absolutely nothing to do with ethnicity. Why some commenters feel the need to inject race into every discussion is beyond me.
DonAnthony says...
What are the fees? Long islanders with RBC cards can currently use the only atm in Long Island located at Scotia Bank but the fee is $9 per withdrawal. Simply ridiculous. How the central bank allows these obscene fees is beyond me.
On RBC alliance 'three-way win' for financial access
Posted 18 July 2019, 2:43 p.m. Suggest removal
DonAnthony says...
We have two genuine options when it comes to corruption: the FNM (bad) and the PLP (terrible). I will chose bad over terrible everyday.
On 'Skeleton in closet' fear over debt fall
Posted 12 July 2019, 5:33 p.m. Suggest removal
DonAnthony says...
It is an exclusive club... and you ain’t invited.😁
On Aliv to 'kick on' via latest $15m raise
Posted 26 June 2019, 6:40 p.m. Suggest removal
DonAnthony says...
You may be right and Aliv will win but most assuredly it will be a Pyrrhic victory. They have achieved market share but at what cost? Aliv is gaining more of an ever shrinking telecommunications pie. Cutthroat competition and rapid technological changes have seen to that. WhatsApp has eroded profitability as voice revenue has gone to zero. Aliv’s problem is that ARPU average revenue per unit (subscriber) is falling far below expectations and a level necessary to be profitable. It is hard to see how they get this to increase in a meaningful way. Will customers suddenly have a need to pay more for services each month? So yes they will be profitable eventually but very likely only marginally so with the bulk of profits simply servicing an onerous legacy debt. And then even if they can manage to service this debt there will inevitably be further capital raises to finance the build out of 5G and beyond. That is the peril of being in a capital intensive industry with rapid technological changes. It is clear this second cellular license is not nearly as valuable as once thought. Surprisingly most shareholders have not realized this yet.
On Aliv to 'kick on' via latest $15m raise
Posted 26 June 2019, 4:14 p.m. Suggest removal
DonAnthony says...
“A significant number of the BISX-listed communications provider’s shareholders have become uncomfortable about the near-$400m debt currently sitting on its balance sheet as a result of the need to finance its mobile and US expansions.”
Cable’s debt is not near $400m, in just long term debt and preference shares it is now $442m not to mention current liabilities. This company is grossly over leveraged and it is hard to see how this debt will ever be repaid. As for Aliv it keeps coming back for more debt after promising it would not need to. This whole article seems like more spin from management and it has been going on for years.
On Aliv to 'kick on' via latest $15m raise
Posted 26 June 2019, 2:31 p.m. Suggest removal
DonAnthony says...
I know a business that was slapped with a $4500 fine for being 3 days late paying business license fees. How can these people get away with this crap? Slap a huge fine for each day they are late and if they refuse invalidate their license and shut them down. I would like to know who they are paying off in campaign contributions to still be operating without paying taxes.
On Web shop hold-outs told: 'Don't hide behind lawyers'
Posted 21 May 2019, 1:56 p.m. Suggest removal
DonAnthony says...
From what I have read in news reports and on social media one or more of these men were known, wanted prolific criminals. Our crime problem is a multifaceted one, long in the making with no easy quick fixes. This needs to be tacked systematically and intelligently with the will to see it through. There are short term and longer term measures drastically needed.
In the short term there needs to be a task force created whose sole aim is to target prolific, career violent criminals. These persons should be under 24 hr surveillance and the moment they slip up, arrested. New Providence is too small to hide, these persons are already well known to police. A most wanted list of 100 of these individuals should be on the commissioner’s desk each morning. As they are killed or incarcerated, struck off the list and another name added. You remove the 100 most hardened criminals from our streets and crime would fall drastically overnight. It is simply unacceptable for us to allow a small group of thugs to terrorize the Bahamian public and jeopardize our way of life.
Our judiciary deserves a lot of the blame as well. Handing out far too lenient sentences for very violent crimes. Our sentencing guidelines need to be much more severe and the judiciary reformed to ensure that these chronic offenders are not quickly released to commit crime again. There is so much more but these two measures would be a great start.
On UPDATED: Three men shot dead by police
Posted 17 May 2019, 11:25 a.m. Suggest removal
DonAnthony says...
Looked it up it is now 11 consecutive quarters of losses, nine out of the last ten lost at least 10million dollars, the other quarter the loss was 9million.
On Cable tells shareholders: ‘It’s only matter of time’
Posted 16 May 2019, 7:36 p.m. Suggest removal
DonAnthony says...
Why shareholders have not demanded more accountability from management is beyond me. All they do is try to spin the numbers, talking up revenue and clamming up when anyone asks about net income. The truth is there almost assuredly is no dividend resumption next month as management has been promising for the last two years. We are on 10 consecutive quarters ( could be more at this point but I have lost track) of losses with no end in sight. Florida has not been a success, the legacy business is in decline due to Netflix etc leading to cord cutting, and what’s app and cutthroat competition with BTC has gutted Aliv’s profits. Sure they have gained market share but good luck trying to increase average revenue per user ARPU to capitalize on that.
Truth is mismanagement and overexpansion along with market forces and the unrelenting march of new technologies has decimated the profit model. Cable is trading at $2.22, one can easily argue it should be trading at half that. With 500 million in debt hard to see dividends for years. If the banks had not been lenient and renegotiated favorable repayments cable would be insolvent.
On Cable tells shareholders: ‘It’s only matter of time’
Posted 16 May 2019, 5:39 p.m. Suggest removal
DonAnthony says...
Thank you for your comment. This is exactly what I was trying to articulate and it has absolutely nothing to do with ethnicity. Why some commenters feel the need to inject race into every discussion is beyond me.
On Some national service could be the answer
Posted 16 May 2019, 5:25 p.m. Suggest removal