After 35 years of brokerage for some of Australia’s and the UK’s biggest houses and investors, the Secret Broker regales Stockhead readers with his colorful war stories – from the trading floor to the dealer’s desk.
Netflix managed to create another big drama this week, but it wasn’t for viewers.
It was only for the eyes of the shareholders and at a cost of $40 billion they managed to create a real piece of reality TV fodder.
Its shares have fallen 34%, after posting their first decline in subscribers in a decade (they were founded in 1997)
No actors were harmed in the making of this drama, only the obscenely paid big egos of CEOs were harmed by something they called a “blip.”
Curiously, a ‘blip’ was what the RBA’s pussy used to explain why interest rates will stay at 0.10% before voters head out to tackle a ballot paper inspired by the origami.
Well, here’s a “blip” for him. Or, as the Germans would say, a ‘leuchtender punkt’:
Hello from #Germany where the inflation pressure increases. The PPI jumped 30.9% in March year-on-year, the largest increase on record since the statistic began in 1949, b/c price increases following the war in Ukraine now taking full effect. Energy prices as a whole rose 83.8% year-on-year. pic.twitter.com/Yulic9SuFs
— Holger Zschaepitz (@Schuldensuehner) April 20, 2022
Anyway, clicking the button on the remote and going back to Netflix, their latest numbers come up with some amazing stats.
Australian subscribers have come in at just over 12 million and they estimate that globally 100 million are watching it for free via shared passwords.
They even still manage to generate about US$200 million in revenue from DVD rentals by mail, which seems a bit odd to me.
I guess bogan goes bogan, as the kids say.
So the company was affected by the crowds back at the office, as were our canine friends.
It turns out that during COVID, Americans welcomed 9 million dogs into their homes, bringing the total to 108 million — and those extra pets are having all sorts of problems.
A massive leap in separation anxiety has left newly acquired puppies unable to cope, with some reported cases causing the dog to become stressed after being left alone for just 30 seconds.
Relatable – Mrs. Broker usually puts a tot of rum in my pre-nap hot chocolate to knock me out before quietly hiding in the shops in the afternoon.
Maybe Netflix needs to offer a pure dog entertainment channel that can be left on all day while their owners are at work.
They have to do something better than this latest deal they’re promoting:
Maybe that’s what they’re offering on DVD to get those $200 million in rentals.
What I do know is that their idea of offering a cheaper subscription with advertising won’t work in our household, because the dog Bloomberg just likes to be entertained without advertising.
He may have to get used to the ABC, poor thing!
The Secret Broker can be found on Twitter here @SecretBrokerAU or by email at [email protected]
Do not hesitate to contact him with your best stock advice and ideas.