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Interesting bt is up higher than vod after the new stake.
looks good finally on the way up. honestly this is oversold.
So Deutsche have just put out a price target of £1.95 !!!!!
where's that come from.
Well there is in the US
As far as I can find, there aren't any open short positions in Vodafone.
Could see a short squeeze here now which would see the SP really get the afterburners on.
( Mike Fries, chief executive of Liberty Global, said: “We believe, like many others, that Vodafone's current share price does not reflect the underlying long-term value of their operating businesses, or their announced consolidation and infrastructure opportunitie )
So they think VOD is undervalued now as we all do, but what do they thinks it worth or should be now £1.20 ish ? and that could be where we are going in the next few weeks.
A US billionaire known as the “cable cowboy” has snapped up a near-5pc stake in Vodafone as the FTSE 100 telecoms company struggles to revive its languishing share price.
John Malone's business Liberty Global, which owns UK mobile and broadband company Virgin Media O2 and the rights to Formula 1, said it had made the “opportunistic” investment after Vodafone's share price dropped to multi-year lows.
Chaired by Mr Malone, an 81-year-old telecoms entrepreneur known as the “cable cowboy”, Liberty will acquire 1.3 billion Vodafone shares for £225m.
....
Mike Fries, chief executive of Liberty Global, said: “We believe, like many others, that Vodafone's current share price does not reflect the underlying long-term value of their operating businesses, or their announced consolidation and infrastructure opportunities.”
He added Liberty expected its investment would be “replenished with the sale of certain non-core assets over time”.
Vodafone previously took over Liberty's German broadband business in a £16bn deal. But this division has since struggled and suffered from a steady exodus of customers. The pair also jointly control the Dutch telecom company VodafoneZiggo.
Liberty said it had no plans to make a full takeover offer for Vodafone, meaning it will be barred under City rules from an approach for at least six months.
However, the stake-building will raise expectations of future dealmaking among Britain's telecoms companies as various suitors seek to consolidate their operations and gain scale.
Vodafone, which is currently valued at around £25bn, has been in talks since last year with Three about combining their mobile operations, while in 2021, Liberty secured a blockbuster £31bn merger between its Virgin Media broadband business and UK mobile network provider O2.
While Liberty ruled itself out of an imminent bid for Vodafone, Mr Fries said he expected further consolidation of the UK's telecoms market.
TR1 in Fleccy ;-p
Liberty only bought calls. If the strike price doesn't reach they will expire worthless.
Incoming
My Friday close is 94.5 please I think it was missed I said it on Friday after close
Bushy. I don't know if you have ever done CFD's or spread bets, but they are completely different. The word is gearing, where you invest 25% & borrow the other 75% for your investment. Spread betting, or CFD's is simply betting on the day to day movement of a share price.
So they put up partial equity and borrowed the rest, that's a CFD by the sounds of it ;-)
Whatever it is, it has to be good news, only time will tell. Vod has had a false dawn before with Liberty, but this looks promising. I can only assume B.T. saying it is a spread bet is just a joke? Very funny, HA HA.
Of course it's not a spread bet, are you joking?
No it isn't, it looks as though Liberty Global has injected £225 million capital with the rest of the money being supplied by undisclosed venture capital in the form of Non Recourse Financing.
It is a spread bet fleccy... They've paid out a quarter of the actual cost for their position.
"CEO Mike Fries calls stake an “opportunistic and financial investment”
Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK) announced today that it has acquired 1,335 million shares in Vodafone Group PLC ("Vodafone") representing 4.92% of the outstanding share capital (excluding treasury shares). The transaction was principally funded through an attractive non-recourse financing, requiring equity funding from Liberty Global of approximately £225 million.
Mike Fries, CEO of Liberty Global, commented, “We believe, like many others, that Vodafone’s current share price does not reflect the underlying long-term value of their operating businesses, or their announced consolidation and infrastructure opportunities. We continue to remain disciplined about our capital and fully expect that the equity used to fund this investment will be replenished with the sale of certain non-core assets over time.”
No regulatory approvals are required for an investment at this level and Liberty Global does not intend to seek board representation at Vodafone.
The investment in Vodafone is part of Liberty Global’s investment portfolio of more than 75 companies and funds across content, technology, and infrastructure, including stakes in companies such as ITV, Televisa Univision, AtlasEdge, Plume, and the Formula E racing series.
Liberty Global confirms that it is not considering an offer for Vodafone. This is a statement to which Rule 2.8 of the UK Takeover Code (the "Code") applies."
https://www.marketscreener.com/quote/stock/LIBERTY-GLOBAL-PLC-13450308/news/Liberty-Global-Acquires-4-92-Interest-in-Vodafone-42974366/
"Mehmeh... That's why there's no threshold RNS, it's a spread bet lol"
I assume that was tongue in cheek? The most likely reason is that the RNS hasn't landed with the London Stock Exchange yet.
Nasdaq price equates to about 95p at the moment, so looking good.
Mehmeh... That's why there's no threshold RNS, it's a spread bet lol
56,308,261 share traded in UT and a jump to 94p closing price.