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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Talktalk Telecom Group Plc | TALK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 96.90 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 96.90 | 96.90 |
| Top Posts |
|---|
Posted at 27/2/2021 16:22 by paulo435 Looks like a done deal on Monday then, no counter offers. I’m one of the few lucky ones who bought in a good bit lower than the offer price but boy have I learnt what these guys get up to and how many investors have been fleeced imo. Milked the market for the cash - it’s akin to running up creditors with a small business and then shutting up shop leaving them with a pittance and nothing can be done about it. |
Posted at 18/2/2021 07:26 by leadersoffice The general consensus I'm picking up is that most intend to take the money and run? so not taking up the offer to transfer shares with Toscafund held privately? I assume that if one did decide to go for the ride, down the road, Tosca will probably sell Talk talk realising any gain or maybe floating it back on the stock market for a nice tidy sum. So investors who don't need the money just yet, could decide to lock it in for a few years. I can't imagine they will want to keep it that long before deciding to flog it for a fat wad of cash. |
Posted at 09/2/2021 14:01 by 1224saj Jmid, you can move any number of shares off the table while they are still quoted as a public company. As you will have seen the price has fluctuated between 0.95 and 1.01 since the offer. If you stay in until the deal is done you will have the opportunity to sell at the offer price some or all of your shares. If you stay in post the deal, you will have to offer your shares through a broker to get the best price they can from other investors/shareholde |
Posted at 09/2/2021 12:30 by 1224saj Jmi, having spent the last 30 years in telecoms and have a respectful holding in TT, my crystal ball is like everybody else. There are a lot of keys to this door. Why did Tosca offer a higher price last year? Their pitch to their investors are double digit returns. One just has to look who sits behind Tosca and who has the most shares in TT, two players who are no fools and have made serious money in the past. Not forgetting how much Dunstone paid for more shares in 2019/2020 |
Posted at 19/12/2020 18:57 by paulo435 Article in daily mail by Alex Brummer city editor:“Given talk talks relatively good pandemic and the considerable amount of equity and debt raising that has been possible during the crisis for firms across all sectors it is hard not to think that a viable challenger to the dead hand of BT could not have won the backing of investors” “Dunstone, Tristia Harrison and the board needed to show more spine and ambition. Allowing the company to be mauled by a buccaneering hedge fund looks to be all wrong” |
Posted at 16/12/2020 21:18 by dagsteeth Not fact. But here’s the thing. Tosca always play their hand close to their chest and go back to their take private of Internet Q and just how much they upped their offer at the last moment. Given that 97p is derisory relative to how much other telcos have gone up in the lsat 3 months, the independent directors cannot be seen to roll over at a derisory price - hence the press on it. I suspect the extension to the offer was to sort out financing for a higher offer. If the market was really expecting 97p to be the final offer, you’d think the price would be at 95p. A number of algos were buying at up to 97.5p but no one wants to pay more because they can’t be sure. 110p still isn’t great but given investors can roll into newco it saves face all round. I took the view that it was worth buying back I at around 92p, so I can get money back at 97 and roll the small profit into newco, or make a quick 20pc. Suspect we’ll find out at 7am |
Posted at 04/12/2020 08:41 by quepassa For me, the relevance of yesterday's Extension was its shortness of just two weeks. Why pick two weeks when they could have chosen another month?Things are now quickly being forced to a head. For the second time, TalkTalk have again re-iterated that "Commercial discussions and due diligence are progressing". -This seems to me to be a clear signal that both parties have a clear desire to do a deal. So is it? 1. Do the dirty and shaft shareholders by taking TalkTalk private on the cheap at a low-ball 97p price, to be announced just before Christmas in the hope that any investor furore and backlash will be forgotten by the New Year (it won't), or 2. You've got a final two weeks to come up with the secured funding from your investors, backers, financiers (not necessarily a straightforward task) to fund an increased bid. I know what I think. The end-game is nigh. One thing is for sure, would I personally take equity in lieu of cash in a privately held unquoted company run by a NewCo majority controlled by Tosca - NOT A SNOWBALL'S CHANCE IN HELL. ALL IMO. DYOR. QP |
Posted at 18/11/2020 12:51 by quepassa There should be.This is the very upbeat message which CEO, Tristia Harrison gave with TalkTalk's Q1 Trading Update RNS on 21/7/20:- Tristia Harrison, Chief Executive of TalkTalk, commented: "As the UK's internet usage continues to soar, our role as the UK's only scale affordable provider of Fibre broadband has become even more important. Given this, we see a positive outlook to H1 and are confident in our full year plan to deliver stable to growing Headline EBITDA with strong cash conversion." That is a highly buoyant, optimistic and confident outlook straight from the top. And remember also that Talktalk won a massive industry award earlier this year when they received the 2020 USWITCH award as Most Popular Broadband Provider:- hXXps://www.uswitch. All of this positive news leads me to believe that rejecting a 135p bid and now countenancing a 97p offer is unfathomable and strangely unusual corporate behavior. What is lacking is any reason given by TalkTalk as to why they rejected a 135p bid and are now progressing a 97p bid. It is not surprising that certain investors may or may not be of the opinion that this may or may not be a stitch-up. In my opinion, The Board of TalkTalk and in particular, Sir Charles Dunstone and Tristia Harrison, should explain to shareholders in clear terms why they rejected a 135p bid and are now progressing a 97p bid. ALL IMO. DYOR. QP |
Posted at 09/11/2020 10:55 by quepassa IT APPEARS TO ME THAT THE FUTURE UPSIDE POTENTIAL FOR TALKTALK REMAINING INDEPENDENTLY LISTED IS SIGNIFICANTLY HIGHER THAN NOW SELLING OUT CHEAP TO A PREDATORY FINANCIAL BUYER IN A RISING MARKET.IF TALKTALK SELLS ITSELF NOW AT SUCH A ROCK BOTTOM PRICE - ALL THAT WILL HAPPEN IS THAT TALKTALK WILL LIKELY BE ASSET-STRIPPED, SPLIT UP OR POSSIBLY MERGED WITH ANOTHER PRIVATE TELECOMS COMPANY AND THEN FLIPPED TO THE HIGHEST BIDDER IN A FEW YEARS TIME FOR A SIGNIFICANT RETURN, MOSTLY BENEFITING THE FINANCIAL INVESTORS. A HIGHLY LIKELY SCENARIO IS THAT CURRENT MANAGEMENT WILL BE DECIMATED. CAREERS WILL BE RUINED.CEASELESS RESTRUCTURINGS WILL ENSURE CORPORATE MAYHEM WITH MUCH DOWNSIZING OF HUMAN RESOURCES. COST-CUTTINGS WILL IMPLODE BOTH STAFF MORALE AND WELL-BEING. THE COMPANY MAY LIKELY BE STUFFED TO THE GILLS WITH DEBT. EXORBITANT ADVISORY FEES WILL LIKELY BE MERCILESSLY EXTRACTED FROM THE COMPANY WHOSE CASH-FLOWS WILL BE MILKED 24/7 TO FUND SKY-HIGH ADVISORY FEES AND DIVIDEND RETURNS TO RAPACIOUS INVESTORS. THE ALTERNATIVE IS TO REMAIN INDEPENDENT AND CONTINUE WITH THE NEW AND INCREASINGLY SUCCESSFUL STRATEGY WHICH HAS RECENTLY BEEN EMBARKED UPON BY MANAGEMENT. IF MANAGEMENT PURSUE THEIR INCREASINGLY SUCCESSFUL NEW CORPORATE STRATEGY AS AN INDEPENDENTLY LISTED COMPANY, THEY WILL BE SIGNIFICANTLY HAPPIER, SIGNIFICANTLY MORE SUCCESSFUL AND LIKELY MUCH, MUCH WEALTHIER BY HANGING ON IN THERE AND SEEING THE SHARE-PRICE POTENTIALLY INCREASE BY MANY MULTIPLES RATHER THAN SELLING OUT NOW CHEAP IN A RISING MARKET TO A NON-INDUSTRY FINANCIAL PREDATORY INVESTOR AT A BAD TIME IN THE MARKETS AND THROWING AWAY CHEAP THE MASSIVE UPSIDE POTENTIAL AS A RESULT OF THEIR NEW STRATEGY. THE BOARD AND THE MANAGEMENT OF TALKTALK WOULD IN MY VIEW BE ILL-ADVISED AND SHORT-SIGHTED TO SELL OUT NOW TO A PREDATORY FINANCIAL INVESTOR AT SUCH A LOW PRICE AND BAD TIME IN A RISING MARKET. IF TALKTALK REMAINS INDEPENDENT, THERE IS ABSOLUTELY NO REASON WHY THE COMPANY CANNOT FURTHER FLOURISH AND CONTINUE TO FURTHER REHABILITATE ITS FORTUNES WHILST ENSURING THE WELL-BEING OF THEIR LOYAL WORKFORCE AND MAKING ALL MANAGEMENT, EMPLOYEES AND SHAREHOLDERS MUCH, MUCH MORE MONEY THAN BY SELLING OUT CHEAP NOW TO A NON-INDUSTRY BUYER. ALL IMO. DYOR. QP |
Posted at 10/10/2020 13:20 by 1gw I might do the same with my remaining shares (I sold around 1/2), I'm not sure. But we would have far less insight into what is going on once they are private and it would be far more difficult to sell our shares at a reasonable price until they go public again (if they ever do).The Lombard piece in the FT ("Investors should not let Fomo stop offer to take TalkTalk private") concluded the 97p was a reasonable multiple, at 7 times next year EBITDA and 15 times operating FCF. It did suggest we might expect to see the 97p "inched up" a little, and the independent directors will want to show they're not purely ornamental so I would expect them to try to achieve a small increase in exchange for a recommendation. |
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