Makes sense ... Spark should be able to integrate the business quite easily and will have no problems in funding the debt.
Actually - 80 cents is in my view a quite gracious offer - but they probably just don't want to get into a long takeover war.
I'd see this as win-win-win - while most shareholders will take a significant loss ... its better than losing it all. Glad for the employees - I assume they will keep their jobs.
Discl: hold neither TTK nor SPK, but used to hold TTK some years ago (and exited slightly above 80 cents with a big loss as so many).
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Makes sense ... Spark should be able to integrate the business quite easily and will have no problems in funding the debt.
Actually - 80 cents is in my view a quite gracious offer - but they probably just don't want to get into a long takeover war.
I'd see this as win-win-win - while most shareholders will take a significant loss ... its better than losing it all. Glad for the employees - I assume they will keep their jobs.
Discl: hold neither TTK nor SPK, but used to hold TTK some years ago (and exited slightly above 80 cents with a big loss as so many).
What goes around....Telecom sold Team Talk when Active Equities was TTKs controlling shareholder.
The late Rene Rivkin reckoned best place to park spare money was in takeover target 1st offer not often last and sometimes 2nd bidder comes along looks like buyers taking that view nice upside for them even if 80c successful.
I'd see this as win-win-win - while most shareholders will take a significant loss ... its better than losing it all. Glad for the employees - I assume they will keep their jobs.
I think a lot of employees will lose their jobs. From what little I have read, this is effectively an asset and customer purchase. Takeover synergies come from stripping out all headoffice/admin costs and I assume even operation staff will be superfluous in an org as big as Spark.
Originally Posted by tim23
The late Rene Rivkin reckoned best place to park spare money was in takeover target 1st offer not often last and sometimes 2nd bidder comes along looks like buyers taking that view nice upside for them even if 80c successful.
Its a very generous offer. Vodafone the only natural competitor with big pockets (?) and it is in the middle of the Sky merger so probably a bit distracted. Plus TT fibre network must duplicate its cable network?
Actually I had an idea on how to significantly reduce my 37k potential loss should the takeover offer be confirmed. Buy a mega block to reduce my average buy price right down. Too tired to do the figures right now but will get onto it soonish. Any other holders thinking along these lines?
Actually I had an idea on how to significantly reduce my 37k potential loss should the takeover offer be confirmed. Buy a mega block to reduce my average buy price right down. Too tired to do the figures right now but will get onto it soonish. Any other holders thinking along these lines?
Crazy Couta! Haha Roger will be scolding you again
Actually I had an idea on how to significantly reduce my 37k potential loss should the takeover offer be confirmed. Buy a mega block to reduce my average buy price right down. Too tired to do the figures right now but will get onto it soonish. Any other holders thinking along these lines?
Originally Posted by couta1
Better than its current price, although I'm still going to lose 37k with the 80c offer.
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