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10-06-2020, 10:06 PM
#2871
Originally Posted by Quantitative Easing
We will end up finishing at 69 cents.
25c opening offer.
32c will seal the deal.
If Comcast enters then maybe 40c is possible.
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10-06-2020, 10:14 PM
#2872
Originally Posted by Ogg
25c opening offer.
32c will seal the deal.
If Comcast enters then maybe 40c is possible.
I would be surprised if the opening offer was not at least 30c.
25c represents an ~30% premium to the current SP.
Given there will be a huge portion of shareholders sitting on averages of 50c+/share I would think they would want to come in with a pretty strong offer to begin with.
Start with 30c to soften shareholders up and then seal it with 35-40c (unless a competing bid comes in).
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10-06-2020, 10:18 PM
#2873
Originally Posted by mistaTea
I would be surprised if the opening offer was not at least 30c.
I do hope so. I'm just trying to be honest as it's an opportunistic take over.
If Infratil are the only bidder then they're going to be in the box seat.
The opening offer is going to be low. That's just how it is.
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10-06-2020, 10:18 PM
#2874
Originally Posted by Quantitative Easing
We will end up finishing at 69 cents.
With a handle name like yours, yes, 69 cents is a breeze as there is so much computer-money-entries going around these days. So go on, we all like to be entertained and we're adding a prayer too that it materializes eventually.
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10-06-2020, 10:29 PM
#2875
Opening offer 30c. Sky Board recommends the offer subject to an independent valuation.
Valuation comes back and says the company is worth $600M - $800M.
IFT lift the offer price to $600M (35c) and that is the end of the story unless a competing bid comes in.
IFT are borrowing $300M for their share so they must be expecting Sky to end up going for at least $600M.
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10-06-2020, 10:33 PM
#2876
Apart from you guys is anyone else actually speculating on a takeover bid?
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10-06-2020, 10:36 PM
#2877
Originally Posted by mistaTea
Opening offer 30c. Sky Board recommends the offer subject to an independent valuation.
Valuation comes back and says the company is worth $600M - $800M.
IFT lift the offer price to $600M (35c) and that is the end of the story unless a competing bid comes in.
IFT are borrowing $300M for their share so they must be expecting Sky to end up going for at least $600M.
That is what would happen if the stock wasn't being manipulated.
I've noticed the last 2 trading days the stock has been pushed down before close. The last 2 weeks of trading has been crazy.
The stock should be trading at 25 in a normal situation. Thus making 30 as an open offer logical. But at the moment things aren't logical.
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10-06-2020, 10:44 PM
#2878
Member
I think the offer will be 6-7 x EBIDTA...
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10-06-2020, 10:48 PM
#2879
Originally Posted by Snow Leopard
Apart from you guys is anyone else actually speculating on a takeover bid?
Comcast is the only logical buyer that could push it past 40c.
They have Sky UK and could merge the branding together easily.
Their content is already on Sky and they could add more channels.
They could use it to enter the NZ broadband market.
They could use Lightbox and Neon for their new PeacockTV platform.
They might want to have a bigger base here because NZ is Covid free.
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10-06-2020, 10:48 PM
#2880
Member
Originally Posted by Snow Leopard
Apart from you guys is anyone else actually speculating on a takeover bid?
This my first post here. I tried to find any information on the net, yet couldn't find anything! I have the same question where can I find more information.
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