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IMHO Tosca will be announcing a competing not later than friday.
They owns 28.9% of TED at an average price of 113.8p being acquired at 148p the last ones.
After several years holding TED they are not going to sell it losing money IMHO, moreover they may improve this low ball bid with a sweetened one.
It will be interesting in the next coming days!
Journalists are empty, they just receive directives from interested party. You can guess who is the interested party here
If the price drops giving bigger discount it will be great for me to load more.
It is not a coincidence TalkTalk deal leaking on friday and this rushed old story on sunday ))
It sounds to me the typical old negative story sponsored by the bidder to hold the price ahead of TalkTalk takeover announcement that will release 3000 Mn for Toscanfund with 2000 Mn in proceeds before taxes.
165p not more
Telefonica is in advanced negotiations to acquire Talk Talk for GBP 3000 Mn.
Toscafund is the current owner of Talk Talka after their takeover bid last 2021 for GBP 1100 Mn.
Very good business for the Rottweiler.
For sure, once the deal be done, they will takeover Ted Baker ahead of the next AGM.
Most probable end september beginning of October if not leaked before.
So it looks finally IAG and Virgin decided to eat in the same table but different way.
No IAG competitive offer expected then.
It is a pity how this company has been so badly managed.
We need a class action right now.
Someone local to move it forward
Most of planes are leased ones. Not ownership
First is to take a good stake to stop any negotiation with Virgin including loans....
Legal counsel wanted.
I can go with &20000 (20k)
let's push Virgin out and give for free the share codes and slots to IAG.
if they want to fuck us, let's fuck them back.
i mean fake offer because nobody will attend it.
Soros style bid !
I follow you.
We just need 51% tu run this company properly.
Under this circumstances it should have turned the volume over several times if it were a right offer.
No volume..... this is a FAKE offer sirs.
He offers very low, produces the panic for sh to sell and he buy very cheap.
However because opportunistic bids never go ahead he cannot take over the whole company.
Meanwhile a white knight comes with improved but also low new bid who finally takes over the most but not 100% because full exclusion offers have to follow certain valuations as multiples, six months weighed average, book value etc...
As per Accounts for H1 until 30 september Shareholders equity of this company was 71,5 millions.
Virgin valuates in its offer equity for 2,1 millions, so they are considering loses for almost 70 millions.
Company stated that they would have loses this year however is it possible so much loses for 70 millions in just 3 months ??
For sure !!!
We can ask for rights issue and more credit to institutions before giving this company with 742 millions in revenues and 136 millions of EBITDAR for 2 milions ..... are we crazy ???? DON'T SELL ANY !!