TALK.L Share Chat (TALK)

Can anyone help, been with talktalk since it took over tiscali many years ago. Last week all my historic and current emails disappeared. I contacted them to be told because you are in PoP3 and not IMAP they are all lost??? Why has this happened now after all these years. (no answer) I went on line and found many users had received correspondence (months ago )stat ing that if you don't pay for TalkTalk Web mail you will loose all your emails??? is this the case

Same that's I was think, you can potentially get two for the price of one, but BT has too much debt though.

Just an opinion, but maybe BT. It appears inevitable that Openreach will be hived off. If so what would the terms be for BT shareholders. Thanks

Got the papers today and seems it's going ahead with it, I think Charley should be striped of his title.

My holding is over 28K shares and average of £2.60 the loss is staggering, I will get cash and hope to recoup from other telecom's.

Bt or Vod any thoughts on which one to go for?

the deal is done.. no white knight coming over the hill to save this dog. They have been hoping for a white knight for years. Charly D has used his position to screw over the small investors in cahoots with Tosca. I find it amusing that everyone blames Tosca for being opportunist where it has been Charly D and fellow greedy board members who wielded their power to take the company cheaply...

Not a lot of recent chat on here. With the SP at a moderate 98p+ just asking what people expect here going forward very short term obviously.
Personally I need 110p to breath again so banking on a white knight from left of field.

Yeah, sold out couple of weeks ago.

Sad really, did have big hopes here - hey, ho

Yes I agree with that, if you look at the share price recovery of BT and Vodafone since then, I think Talktalk would be round £1.30, but this low ball offer held the share price back.

Also I don't think there is any need to sell Talktalk, the BOD should be working on reducing the debt and building share holder value who are also customers, but if they have to sell it they should be building Bridges with Vodafone who desperately need more broadband customers and are in a better position to make an offer that reflects true value and any hope of some sort of recovery to us loyal shareholders.

Cooler, ditto your sentiments - it's hard not to get emotional about some share dealing especially if you bought in as a customer too (which I did). I also feel this is a complete stitch up and hope a bidder comes out of the woodwork in the next day or so - which the city seems to think there is based on the c.3% SP premium on the offer price currently. If the general market has gone up 18% since the start of November I feel sure that TALK would now be c.£1.10-1.20 without the offer.

They've shafted the shareholders to keep jobs with the new company, this share has been manipulated to current price, my break even is £2.60, if they can't be trusted in regulated listing what credibility will they have in some private shoddy unlisted company the directors didn't fight for us and I will be unsubscribing see what happens without support of base shareholders who are also customers./

I am be wary of exchanging for equity that can not be bought and sold on the open market. I will take the cash win/loss and find somewhere else to invest it. The big question for me is when.... and will the share price rise further with speculation of a second bidder..IMHO I doubt they would meet the 115p threshold needed.

Is anyone going to take the unlisted shares? The sp is 99p surely it's a sell if the agreed is 97p

I did exactly the same as you. Nice little profit banked.

Shame not all asset managers support PIs holding funds in private entities such as the new company will be.I’ve sold due to that, 25% or so up since autumn so am OK with but I think more to go privately. Since the current price is above the offer, I guess shares are in demand or some are speculating for another bid. Anyway good luck all.

https://www.proactiveinvestors.co.uk/companies/news/936793/talktalk-agrees-11bn-takeover-offer-chief-financial-officer-to-jump-ship-936793.html

TalkTalk have the issue of having to report the first half results... already three weeks overdue as under offer - every year they come out mid Nov. The offer goes away - the need to report. They need to (properly) explain why BT are going to the High Court chasing unpaid fees. The need to (properly) explain the drop in revenue.. The Q1 excuse of Covid being the reason made no sense. They have a subscription based business with recurring revenue fees and blamed Covid for the drop in Q1..
Revenue down... COGS increasing (so they blame BT) and they try and compensate by taking some operating costs out and declare even more exceptionals.. house of cards .... All IMO

Sounds like very incompetence, how long can this bull go on legally? How hard is to terminate the talks on this let me steal from shareholders of an offer.

Another delay until the 17th! this smells like a huge stitch up by Dunstone and the family to take out the minority of shareholders cheaply...

something is going on , ive sold

assume you are referring to Openreach beginning a high court action to recover millions that is owed by TalkTalk.. Never a good sign when a heavily debt laden company is being chased through the highest court in the land regardless of how they polish the statement. Alot of speculation that another equity raise or refinancing needed if the sale does not go through - similar to the infamous £200m desperate equity raise in 2018..
(if another announcement apologies)

Genuine question.

this is dragging on now!!

To offer, or not to offer: that is the question...

We have FOUR (count 'em) investment managers all registering significant holdings today???

i sold myself too its going go one way or the other

under the matress !!!

With all the problems in America ,and world instability I decided to sell this afternoon, and got 95.9p nett .The problem is now where to put it.

RNS :

Commercial discussions and due diligence are progressing with TAM. As a consequence, and in accordance with Rule 2.6(c) of the Code, the board of directors of TalkTalk has requested that the Panel on Takeovers and Mergers (the "Panel") extends the deadline referred to above.

Accordingly, an extension has been granted by the Panel and TAM must, by no later than 5.00 p.m. on 3 December 2020, either announce a firm intention to make an offer in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

This deadline will only be extended further with the consent of the Panel, in accordance with Rule 2.6(c) of the Code.

There can be no certainty that a firm offer will be made for the Company by TAM even if the pre-condition stated in the 2.4 Announcement is satisfied or waived.

They’re probably waiting to see how markets look post US elections (even though it’s a U.K. biz I know )

i maybe wrong theres a late 1 million pound buy ??

Sold today , i dont think this buyout is going to happen, and the cat is out the bag hence steady decline in SP.

Hope for holders deal goes through and note strong BT results. I sold a few days ago at 99 as it's dragging on and also with market falling maybe that impacts bid price. But could live to regret it!

" I remember when Talk Talk was about £4. This offer should be rejected outright."

Since then of course Dunstone was all too happy to take out millions and millions of pounds in dividend payments and load up the debt levels...... the dividend has largely been reduced , down to 2.5p over a whole year , for now, and the debt just gets re-negotiated and new bonds appear ...net debt £775m and then £179m leases on top ...

..with year end book shareholder equity showing as £406m, the MCAP @97p is almost treble that at £1.1 billion..so even at 97p there is a premium for the dividend and an expectation of further earnings growth built in

The days of £4 are long gone until the debts come down and the dividend can go back up.... maybe Toscafund believes they can achieve that , but BT are looking to get the likes of TalkTalk to pay up for the investments they are making through Openreach .....the CEO has probably been told by Dunstone to speak up and say how evil BT are , in order to justify his current negotiating position ... no doubt it will be a last minute RNS to say, "yey or ney, much like the Brexit Stand off ! "

Interesting to see how the "Deal or No Deal" pans out .... deadline for an offer to be made is currently "not later than 5.00 p.m. on 5 November 2020" ..

135p offered pre covid isnt going to get the same offer now which includes all the covid risks for the same price...no way and Dunstone knows it ...so.. are they looking at say 105p-110p-115p ?

Talk Talk should benefit significantly as Bt raises its prices in the coming months
to pay for its financial commitments particularly the roll out of full fibre .
The low bid is an opportunistic attempt to buy at the bottom of the current cycle.

Look at G4S, it is trading much higher than 190p offer. William Hill was also trading higher than takeover price. 97p isn't enough for Talktalk. Its a broadband company and a fundamentally strong business, every needs broadband in these Corona times, more than ever! Customers are willing to upgrade even.

It boils down to Sir Charles Dunstone agreeing the terms and price before any formal offer is made..if he cant agree with TAM then nothing will happen....so..you have to think that the agreement will be mid way price between 97p of TAM and whatever SCD has as an upper level...

Somebody is taking a punt that the final offer will be higher Than 97p which has An obvious element of risk.

Hahaa

I am surprised CD didn't try take back private for himseld when the sp was in teh 70s

Well i was right the bid is finally in, am not sure Charles Dunston is going to let go of his baby just like that though! i think this stock has legs yet and am holding on at the moment, we may even see a third party now its hit the headlines DYOR

Volcano is right, I followed the money here. Now not sure if to hold, sell or top slice....

I'd have thought they'd buy for more than 10% return, 135p last year surely need to do 110p this, EBITDA is flat after all albeit revs down....will be interesting if market price settles at, below, or above bid

This was on the cards ,directors were buying TALK shares this summer on .

Seems like a low ball offer to get something happening......
Think they’re fed up sitting on this investment which has been going nowhere
so thought we’ll give it a go or push possible other bidders into action.
Time will tell but interesting play!

well done :)

Managed to sell my holding for 97.5p :)

2K profit for a 3 month hold :)

I'd have thought ex business that revenues would be relatively stable, ppl going out less want best internet

well considering the world at large and the uncertainty about employment after furlough ends and then Brexit....I am not too suprised that this just trades in a narrowish range.....at leas it is fairly stable which many share prices are certainly not..

Just needs the next update to show churn hasnt changed too much, that costs are continued to be managed .....and everything is basically ticking along pretty much as usual... last update was generally OK..and they have sorted out any refinancing needs already....

Too much debt , but that seems acceptable with it being a high infrastructure Telecom----

Just happy to get into 2021 without any issues and continued stability...given what is going on elsewhere

Me too, something must happen soon.

Still here, waiting!

lol dude finally fixed it.

Slow,steady rise..out of the spotlight ....perfect....step by step recovery towards 80p

I only bought a bit as already added (didn’t think it would go so far) but pleased I resisted selling mainly

12% retrace since Monday low is a very definite move just game playing searching for the trading range low

Nice opportunity for us though to buy under 70p though

" Debt mangeable as long as interest rates stay as low as they are."

if interest rates ever tick up...that will be a good thing ... extremely low interest rates are a sign of a bad economy... inflation at around 2% and a better interest rate will be a sign the economy is growing .... besides ..it all works in harmony with prices/wages/ etc etc - as long as there isnt stagflation

Pensions Funds eg from Canada are always looking for stakes in steady/ even dull/ companies that pay a dividend and have a relatively stable revenue base

... whether all that turns out to be the case for TT and is viable with sterling remains to be seen

Debt mangeable as long as interest rates stay as low as they are.
Most of the benefits from staff reduction and site conolidation has been made and is on the books.
Competitors probably not likely to start a price war at the moment unless one or more is taken over by a market distrupter with spare cash
Buy out/ take over: I suspect that CD would not give up his baby at this price but what would his price be a hint maybe the initial IPO which was about 1.10? After the withrawl is finalised would any of the internationals have an apetite for a stake in a UK telecoms player?

Rolls Royce balance sheet has been shot to pieces and will stay that way for quite a while ... they have had a lot of bad luck - and bad luck has proved very expensive to them - they can make a lot of profit when luck goes their way - but- that it may well take some time to heal the war wounded balance sheet

TalkTalk doesnt have equity either but Telecoms are a different ball game to what RR is involved in - Telecoms have a healthy market for debt and as long as the debt payments are covered the lenders are happy with that

The next 12 months should see more cost cutting and efficiencies coming through - the economy and Brexit is a concern and getting sport and movie/tv content back to some kind of normaility - but - nowadays it almost pays the Government to pay for someone's monthly internet whilst they are unemployed rather than have them roam the streets or become unemployable and into crime/drugs/depression which ends up more costly etc - and most people know that they will get nowhere without internet access

Thanks for the reply Matlot, it just came accross as smug and glib, and SP has outperformed close to 10% since, albeit let's see if it lasts.

I have no issue with people having different views but would be more useful and respectful to phrase it with a reasoned explanation, somewhat as you have below (though the precise details are vague). I have no position or interest in RR but will look to see if you are right.

" wasn't long ago PC was calling hard sell CNA at 30. swore it has a dead cert 25p and below. ... rest is history "

Actually Bigsmoke my comments on CNA was 22 April

" I will keep an eye on this and may buy in at 24-25p with a view to a value price of 40p for H2 - trade from the bottom but not one for any long term hold"

"I would imagine a lot of sellers are looking to buy back in and get a quick 20%+ return or more , but a game of cat and mouse I reckon as to when the selling stops and buying starts up again "

...you should join Facebook or something..they need fake news writers ..you are pretty good at it...you churn it out daily

We did although you went on there after results and said it was on its way down too (which would be fine if you have a reason ;) )

But I didn’t understand your post and the friend of yours from Metro seemed to agree with you, laughed, and then talked about stock prices that are or will be falling

If that wasn’t your intention I apologise but please try to be more expansive with your posts ;) I don’t even know what a ‘Kent’ is!

UKInvestor2.0 - didn't we bag AAF together?

might i caution against listening pokerchips. wasn't long ago PC was calling hard sell CNA at 30. swore it has a dead cert 25p and below. ... rest is history.

all i was saying here was, i will be taking a position. just thinking when.

all the best UKInvestor2.0

very good today. and SP rising. looking good so far!

I think the directors expected the SP to rise after they lifted the 2021 guidance. 'The company on Tuesday said it expected 2021 headline core earnings to be stable or to grow, better than analyst forecasts and above the firm's previous forecast of flat.' But it had the opposite affect. Either the market doesn't believe it or wants to see some evidence first.

I doubt we will see a rights issue anytime soon....certainly not with all them Director buys..... they are not that stupid.....

This all about selling out to buy back in lower , rather than shareholders wanting to leave TT or the sector completely.

Drop today probably on the back of BT.A result and comments...

Risk in the overall market and the economy has increased , so prices drop...the way it works...

Needs the curuent level of COVID cases to peak and more emphasis on recovery rates for "fears" to recede

some big buys showing. about 1m shares at 70.58p. if 70p don't hold then mid 60s next support area i think.

The Directors have bought large tranches in high 80,s in June . Did they get it wrong , or are the markets being stupid. ?

"we are looking at a Rights Issue to clear the obscene debt,"

Telecoms and Utilities in general all have high debt levels ...they dont want to clear the debt..they just want to service it ....and what is more..the lenders dont want the debt cleared...that is how they earn their money ..
They just reorganised the bonds ..and the key shareholders arent going to be wanting a right issue...they would be happy with bonds I can imagine

Debt in these types of companies is a good market for lenders...

Just because they bid previously, the fact with them increasing their stake does not mean they want to buy the company outright. The drop in the SP since the increase to 29% says it all, if anything we are looking at a Righs Issue to clear the obsene debt, 50p is what wecare looking at.