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Hi Roofer, Don't forget Mary Bri's 1.01 prediction. I hope she is right though.
It's a CFD
Thank's mehmeh & others for that info.
"Hello fleccy. What is your take on this. mehmeh, thinks Liberty have taken out options"
To be honest I don't know, the RNS shows the full 1.335 Billion shares are held in a financial instrument, but it doesn't state the nature of the instrument. The article, referred to previously, mentioned Non Recourse Financing without disclosing the nature of the financing.
'They can sell the calls at any time and move on'
Yes they can but they are saying c€154Bn assets are undervalued and they are going to wait for it to correct. Its still a bet but telco is his business. US will take note of his opinion
The company said it would fund the deal through derivatives and would only require £225m through equity funding from the group.
It says through derivatives which is probably options.
https://www.theguardian.com/business/2023/feb/13/us-liberty-global-buys-stake-in-vodafone-after-tumultuous-year
If you look at the rns section 8b1 it tells you these are instruments not exercised yet.
The exercise date could be a year away or this Friday. They don’t have to declare that info.
They can sell the calls at any time and move on, or may just expire worthless.
Hello fleccy. What is your take on this. mehmeh, thinks Liberty have taken out options, I have no idea were he gets this info from, have you?
mehmeh. Were did you get the idea that they are options? I thought the shares had been bought outright with the help of 75% borrowed money.
Not sure but they spent 250m to get 1300m worth of shares. I guess the options cost 0.25 cents.
mehmehmeh. So what was the strike price of the calls bought by Liberty?
GQ LONDON, Feb 14 (Reuters) - Shares in Vodafone rose 4% to a 12-week high on Tuesday after Liberty Global bought a near-5% stake, giving it scope to influence deals the British telecoms group is pursuing.
John Malone's Liberty Global, the joint owner of Virgin Media O2, a major rival to Vodafone in Britain, said it was an opportunistic investment. It ruled out making a takeover bid and said it was not seeking a board seat.
Liberty Global's Chief Executive Mike Fries said Vodafone's share price did not reflect the underlying value of the business and its opportunities for consolidation.
How much is Vodafone worth broken up?
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