That depends on what price they end up selling the towers for does it not? If the towers sell for above book value, then the asset backing goes up. If the towers sell for below book value then the asset backing goes down.
SNOOPY
Too true but given they have just started investigating selling them it's probably a bit early to speculate.
"Spark intends to release an updated capital management policy at its full year results on August 24. When assessing the most appropriate use of proceeds Spark will consider three key pillars – maximizing returns to shareholders, investment in future growth, and maintaining financial flexibility through an appropriate investment grade debt rating. The capital management policy will provide clarity on the proportion of proceeds allocated to each of these areas and the most effective means of returning proceeds to shareholders.”"
When I read 'Ontario Teachers Pension Plan' were buyers, a light went on in my memory from long ago - I know that name! And sure enough, that same outfit was involved in a certain 'Yellow Pages Buyout' back in 2007
With a name like 'Ontario Teachers Pension Plan' you would think they might learn. Is buying a 70% share in a company where Spark retains operational control a good deal? From a Spark shareholder point of view it sounds like it. Are the Ontario Teachers setting themselves up for another spanking?
Craic (now there is a name from the past) might finally be able to put away his axe and order that automated wood splitter.
SNOOPY
Last edited by Snoopy; 12-07-2022 at 09:48 AM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
Wasn't sure what effect it might have on the share price...pretty ho hum so far.
Ah well.
Originally Posted by Snoopy
When I read 'Ontario Teachers Pension Plan' were buyers, a light went on in my memory from long ago - I know that name! And sure enough, that same outfit was involved in a certain 'Yellow Pages Buyout' back in 2007
With a name like 'Ontario Teachers Pension Plan' you would think they might learn. Is buying a 70% share in a company where Spark retains operational control a good deal? From a Spark shareholder point of view it sounds like it. Are the Ontario Teachers setting themselves up for another spanking?
Craic (now there is a name from the past) might finally be able to put away his axe and order that automated wood splitter.
Well that's a big ole price OTPP paid: 33.8x prospective proforma EBITDA. According to the AFR the purchase price stacks up well against other telco tower sales.
Wasn't sure what effect it might have on the share price...pretty ho hum so far.
Ah well.
Buy he rumour sell the fact? The sale of the cell towers has been well signalled. The Spark share price is up over 10% since the start of the year. That is a pretty good performance in a falling market.
SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
Buy he rumour sell the fact? The sale of the cell towers has been well signalled. The Spark share price is up over 10% since the start of the year. That is a pretty good performance in a falling market.
SNOOPY
Agreed. Friend sold some recently, needed the cash. He’ll be happy.
I will continue to hold.
Originally Posted by Snoopy
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