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That news didn`t last long. Atb
http://www.express.co.uk/life-style/science-technology/759646/Sky-TV-Lose-Channels
I think with the loss of all the Discovery channels due to contract breakdowns it could affect Sky subscriptions adversely. http://www.wired.co.uk/article/sky-vs-discovery-in-tv-channel-battle
So results out tomorrow, good or bad do you think there be much movement in share price?
I am doing the same and remember if the deal should fall through you still have this years divi to collect. Also i agree with your probability %. Best of luck.
My risk assesment differs from yours and its probably a good job it does because if everyone assessed risk the same way I couldnt make money so I really appreciate that your risk assesment differs from mine. I remember having a similar conversation in 2015 when I bought SAB Miller after the news was supposedly in the price at around £37 and I came late as usual, that was a great place to park money for a 21 % return, plus a dividend, I was warned about the risk that Inbev would not get the deal done, seemed obvious to me that they would but there was no shortage of people saying it would fail, I am as sure as I can be the Roo will not fail to get sky, I am of course not 100% certain, I put the probability at around 80% and I get a lot more right than I get wrong.
@ Lud: I agree it's not a true competitor, and you are not parking your money at 10% you are having a 3-1 gamble that "Roopert" (sic) pulls it off, I don't think he will and then the sp will drop back to the 7's. (as it was before the offer)
Why should there be, the SKY price now only depends on Roopert pulling it off whatever BT does from now on has no effect, I am more than happy about buying in here in December and quite a lot more happiness to come, sky is just an income bond proxy as far as I am concerned just somewhere to park some money for a few months with a 10% return.
Sky not getting any benefit from BT's bad news today.........if it were a true competitor there would be a positive spin off.
Where are these guys today telling us what a badly run company Sky are? How are BT getting on today?
Gradually the share seems to heading towards takeover target.
Some good articles in the weekend press,so i am told. Softly softly catchy monkey. LLAP
as the days go by.Share price will soon start catching up on offer price.M&A teams will be the next movers and shakers.Still 8% to be made while crafty Rupert gets the deal done. LLAP
Indeed, so many hurdles to overcome, if they are not surmountable then a 30% drop is coming.....
There is no 'next significant date' as yet. The 'Recommended Cash Offer' document of 15/12/16 states "21st Century Fox currently anticipates that the Acquisition will complete before the end of 2017." It goes on to list a number of Pre-Conditions that need to be met, including EU competition clearance, and possible approval of the Secretary of State, along with approval of Unaffiliated Sky Shareholders and court sanction of the scheme. There is no schedule of events at the moment and IMHO there is not likely to be any movement in the sp for the foreseeable future. But as ever DYOR. ATB.
Ty
Indeed I am: Leeds v Derby holding a "Friendly" in March for this very purpose with live streaming. You will note both respective chairmen have had their issues with Sky. Nothing to be feared right now but the intent is there against the football monopoly. I am a subscriber to LUTV but obviously cannot legally watch live championship matches due to the regulations, however live "Friendlies" are perfectly ok. Guess they are just testing the waters.....
What is the next significant date regarding this 'journey' thanks in advance for any update
Are you sure that is correct norrab1, I didn't think clubs could stream their matches live, if they can what is the point of bidding for exclusivity in a geographical area?
The big problem with the Football contract is the fact that many people are now streaming from many sources, (both legally and illegally) the matches of their choice. The paid satellite football channels are going the way of the music industry which suffered heavily from live streaming. Already we are seeing clubs organise their own live streaming for their fans.
Rupert needs to get this one over the line although £10.75 is apparently generous given Sky's performance as calculated by vysyble. They think that Sky is losing money and Fox are streamlining too. Big problem is football contract. Seems to be draining Sky with redundancies and cost-savings apparent.
Would it not make sense for Fox to buy at these prices rather than wait and have to pay £10.75? Atb
He sure is getting one here if the oldies let him away with it.Swiping the dividend is greed personified.It is some buy versus referral risk and getting cheaper.What price would the shares be without newcomer money?Worth buying to see How Rupert pulls it off if for nothing else. GLA
Quite a few made a wise decision to sell when the news was announced. Still 8-9% to be made by newcomers whilst the old faithful have been shafted somewhat for their loyalty with the loss of the divi. Hopefully the takeover is a speedy process.
My take on this is not getting a divi in 2017 is a hefty price to pay for this takeover. Effectively only a 50p premium to any new buyers at this current price if it goes ahead and the takeover price is in fact closer to 945p after losing the divi. No wonder Rupert looking sprightly..