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any opinion on whether the offer price is adequate.Some analysts seem to think given appropriate clearances the bid may be to low.
Imo this deal has been passed months ago.The last thing we need is a rerun of the Hacking scandal.Passed by Summer 10% for doing nothing.Remember stand alone,and bigger is best.Isn`t Rupert looking sprightly. Atb.
Too much downside for new investors.
We are in the era of the Country ready to do business.Yeah,some huffing and puffing,but in the end i feel t/o will happen.Thus will fill my boots. Gla.
Vince cable is against this and wants it referred to monopolies and mergers commission. As they already own a large percentage and offer a number of the sky options and with BT trying to muscle in and virgin as a smaller player cant see where the problem is. There is enough doubt as to whether deal will go ahead to be trading well below offer price. Acquistion before end of 2017 seems a long long time away and a lot can happen between them.
Interestingly the 'Cash Offer Document' received today states that Sky will not pay any dividends in 2017 as it is expected that the Acquisition will complete before the end of 2017. Should this not happen then Sky Shareholders shall be entitled to receive a special dividend of 10p per Sky share payable in 2018. It goes on to say that the Scheme Document will be published within 28 days after the date on which the last of the Pre-Conditions are satisfied or waived. ATB.
As started to stop this happening and nearly got the 3000 votes to take it to Parliament and have MP act to oppose it.
BBC reports done deal at £10.75 so 10%-ish upside tomorrow?
What are people feelings on weather the takeover will go ahead or not?
It bottomed out at £9.62 today following the £10.75 pre conditional cash RNS, I had set a limit order to buy more at £9.68 but no takers, oh well maybe some other day.
Sorry big boys
Reading around there is no doubt upside here. 10% is the minimum return me thinks. I am sure with interims around the corner the big buys will be pressing form more. Murdoch was apparently offered £18 for his 40% so I think we will go around the £13 mark. Just my opinion
I am a buyer, three lots so far at 982 , 981 and 976. Potential takeover situations have provided me with the best returns over the years, my first foray may have been Guinness or CASE ( taken over by Dowty) then Belhaven Brewery ( reverse takeover by RTN ) in the 1980s. I cannot remember which came first as its that long ago and I have done too many to remember in between but whats not changed is that most times I come late to the party after the initial spurt but then you see the doubtful sentiment emerge on cue as I can see happening here, I rely on that to give me a chance to get in at a lower price and make a few more percent and sure enough its the same old story with Sky, nothing changes it purely down to do you believe it will go ahead or not and my bet is that the odds are 10 to 1 that it will. If there is more downside I will buy more and if not then thats my lot. My track record is far from perfect ( dragged down by AIM rubbish and a few FTSE dogs ) so I would hate it if anyone bought or sold based on anything I write on here but this is one I feel confident about, we shall see.
And of course matched by the same number of buys. I wonder who is buying? Always the same with takeovers SP falls as individuals take profit and MMs build to sell back as price rises to offer price (or above). Check out Lavendon to see same pattern. Of course there is a small chance this will not go through but minimal given current environment in my opinion
@PH: 22 million shares sold today would suggest some have their doubts!
Does anyone really think Murdoch will not get this through. Also this deal will be sweetened, particularly the takeover route he is going
Totally agree. I've got £14k to go somewhere and thought about putting it in here for a 8 - 10% but that danger of it getting blocked would mean an immediate drop of circa 30% so too much risk.
I disagree with you Ludd, the risk/reward for new investors is too much bottom side. 10% potential profit versus 30%+ loss on the downside if as some fear it will not go ahead. hence the SP drop today. LTH's have no worries.
I disagree with you MrOnions, this looks like a good piggy bank to park some cash in for a few months, the risk/reward looks reasonable to me.
Rupe you need to offer more money. £11.50 a share is about the minimum
If the deal goes through then this is worth £10.60 minimum. If the larger unhappy investors can squeeze a little more out of Fox then this can go to £11+. INMO DYOR.
Good luck with that.
This is a short here - usual political hurdles will give this a scare at some point .
Just got back in @ £9.82...