Ann: Sky increases guidance as positive trends continue, page-38

In order to move the SP in a meaningful way, tomorrow Sophie will need to:

• Demonstrate better-than-expected results, particularly growth in streaming as well lowering satellite churn; and
• Announce the Broadband Launch Date (we need this ASAP to beef up revenue streams); and
• Implement an earlier-than-expected dividend or a buyback program (the latter being my preference, though I would not be 'angry' if it was a dividend!)

The stock is trading very low on sentiment from what I can see, so I think it will take something very impressive tomorrow to substantially lift the SP in the short-term.

No pressure Sophie!