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22-11-2020, 11:20 PM
#6361
Member
Martin is dollar cost averaging which is smart? Don't see the problem with small transactions
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23-11-2020, 09:30 AM
#6362
When the comcom announcement
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23-11-2020, 11:40 AM
#6363
Member
Originally Posted by Dlownz
When the comcom announcement
Interesting to see if Spark lobbying has had an affect this time. 'Anonymous' submissions, sponsoring articles...
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23-11-2020, 12:22 PM
#6364
Some media speculation that Sky TV could attempt to head off a Vocus IPO by purchasing the business.
https://www.nzherald.co.nz/business/...IWDFRVV7RQXDE/
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23-11-2020, 12:40 PM
#6365
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23-11-2020, 12:41 PM
#6366
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23-11-2020, 12:45 PM
#6367
Originally Posted by Greekwatchdog
Its a good fit
Would be an excellent fit.
It would all be a matter of how much someone (*cough* SKY! *cough*) would have to pay?
If Vocus expect too much then it would not make a great investment and Sky would be better off continuing with their current Broadband plans. Sky Broadband launch is set to happen within the next few weeks.
However, for a reasonable price...those two hundred odd thousand existing, low churn customers look damn tasty to me...
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23-11-2020, 12:47 PM
#6368
Would be a great way to start off the broadband move,.
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23-11-2020, 12:51 PM
#6369
Originally Posted by mistaTea
Would be an excellent fit.
It would all be a matter of how much someone (*cough* SKY! *cough*) would have to pay?
If Vocus expect too much then it would not make a great investment and Sky would be better off continuing with their current Broadband plans. Sky Broadband launch is set to happen within the next few weeks.
However, for a reasonable price...those two hundred odd thousand existing, low churn customers look damn tasty to me...
Sky is supposed to be taken over, not do the taking over.
Vocus NZ ebita is ~$80m I think. Should be valued at $200m tops but vendors likely want $500m+!!!
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23-11-2020, 12:53 PM
#6370
Originally Posted by Ogg
Sky is supposed to be taken over, not do the taking over.
Vocus NZ ebita is ~$80m I think. Should be valued at $200m tops but vendors likely want $500m+!!!
What's it worth? Two takes
So what is Vocus' NZ operation worth?
A Jarden note issued after the IPO was confirmed, says, "Given the mix of retail and enterprise operations, we value Vocus NZ on a 6.0x FY2021 estimated ebitda
multiple, which implies a total valuation of A$416m (or A$0.66/share).
But the wealth manager sees a focus on Vocus' enterprise and wholesale assets. That leads it to the following kicker:
"Given the extensive fibre assets, we suspect the company will seek to benchmark the business against fibre operators globally, who trade on an average multiple of around 9.5x.
"Applying this multiple to the Vocus NZ ebitda results in a valuation of around A$660m or A$1.05/share - 40 per cent more than our valuation for the business."
But although Jarden finds that too heady, it notes a valuation at that level would be "broadly consistent with the Spark NZ trading multiple of around 9x."
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