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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Talktalk Telecom Group Plc | LSE:TALK | London | Ordinary Share | GB00B4YCDF59 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 96.90 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 96.90 | 96.95 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 96.90 | GBX |
Talktalk Telecom (TALK) Share Charts1 Year Talktalk Telecom Chart |
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1 Month Talktalk Telecom Chart |
Intraday Talktalk Telecom Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 08/4/2022 | 18:19 | Second Largest ISP in the UK | 3,540 |
| 04/2/2021 | 14:11 | TALKTALK TALKTALK TALKTALK | 431 |
| 08/10/2020 | 16:19 | Tosca Bid | - |
| 03/7/2020 | 16:52 | TALKING TALKt | - |
| 28/4/2018 | 23:29 | The Really Useful Discussion Thread | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 17/12/2020 09:08 by la forge PROLIFICNORTH17 December 2020 TalkTalk directors agree £1billion takeover by Stephen Chapman TalkTalk has confirmed this morning that it has agreed a £1.112bn takeover from its second largest shareholder, Toscafund Asset Management. The Salford Quays-based business said that it had reached agreement on terms and was recommending that shareholders accept the 97p cash offer. "Having considered in detail the best interests of all shareholders and TalkTalk as a whole, the Independent TalkTalk Directors believe that the cash offer from Toscafund provides an opportunity for shareholders to recognise immediate value for their shares at a premium of approximately 26% to volume-weighted average price for the three month period ended 7 October 2020,” said Ian West, Senior Non-Executive Director of TalkTalk, on behalf of the Independent TalkTalk Directors. “The Independent TalkTalk Directors have also taken into account the risks associated in achieving TalkTalk's strategic ambitions and the wide support that Toscafund would provide in this regard. The Independent TalkTalk Directors believe, taking into account the advice they have received, that the terms of the cash offer are fair and reasonable and are unanimously recommending that shareholders accept the cash offer." The acquisition would take the company into private hands. "I am pleased to have the opportunity to continue to be a major shareholder in TalkTalk. My decision underlines my passion for the company and the confidence the senior management team and I have about our journey ahead,” said TalkTalk Chairman, Sir Charles Dunstone. “That said, as the UK transitions to full fibre we have a hugely challenging, but exciting opportunity. Being a private company would allow us to accelerate adoption and focus on our role as the affordable provider of fibre for businesses and consumers nationwide. The Telecoms industry is going through a fundamental re-set and we are keen to play our part in it." Announcing its half year results at the same time, TalkTalk revealed that it had had a “robust operational performance” in spite of Covid-19. Its headline EBITDA has fallen year-on-year by 12.9% to £122m and operating profit was also down to £20m, from £29m in the same period last year. |
Posted at 14/12/2020 07:38 by quepassa According to an article in The Times on Friday 11th. December.Just days before the low-ball 97p bid, Deutsche Bank analysts issued a broker note RE-ITERATING their PRICE TARGET of 175p which is a price 80% higher than Tosca's derisory, backwards-looking, opportunistic low-ball offer. Moreover, The Times notes that Deutsche Bank is one the banks advising TalkTalk on the contentious take-over. If Deutsche Bank re-iterated a target price of 175p for TalkTalk in October, it remains absolutely clear in my view that the 97p offer is totally unacceptable. The Board of Directors of TalkTalk have a lot of explaining to do as to why they are countenancing a 97p offer when one of their advisers, Deutsche Bank, have recently given TalkTalk a share price target of 175p. ALL IMO. DYOR. QP |
Posted at 09/12/2020 14:03 by quepassa Since the October share-price lows for the sector,BT has further surged and now overall risen by 40% Vodafone has risen by 35%. It is reasonable to assume that the TalkTalk share price would have also by risen similarly due to similar market forces. On this basis, the current 97p bid IS LOWER than the share price would now be if it had just floated up with the current rising market. There is NO PREMIUM any more to the bid. The 97p bid is now UNDER WATER relative to today's market. The Board of Directors need to explain to shareholders why they continue to countenance a bid which significantly undervalues TalkTalk. ALL IMO. DYOR. QP |
Posted at 13/11/2020 11:40 by quepassa UK Telecoms going from strength to strength.Since the October share price lows: BT is now +25% (up from +20% a week ago) Vodafone is now +20% (up from +15% a week ago) The offer was announced on 8/10 at 97p. At close the previous day, the share price of TalkTalk was 84p representing a very low 13p premium to the day before. Assuming that TalkTalk would have moved up by 20-25% with the market since the October lows in tandem with BT and Vodafone, it is reasonable to assume that the TalkTalk share price would be now be in the range of 101p to 105p (84p + 20%-25%). This throws into perspective just how dismal, unattractive and backwards-looking a 97 pence offer is. Assuming a similar 13p premium, this would drive a minimum offer price in today's market of 114p-118p, which still woefully undervalues the Company. Apart from the 97p offer not representing the true value of TalkTalk whose shares have traded at higher than 120p within the last twelve months, it is still not clear why management are examining an offer which came at the height of the pandemic and at the recent MULTI-YEAR LOWS for share prices in the UK telecoms sector. In my opinion, The Board and Management of TalkTalk should reject and throw out the 97p offer (just as they did with the 135p offer) without further delay. The current 97p offer represents in my opinion very poor value to shareholders and to staff and to the Company's ESOT - whose independent Trustees should in my view immediately object, if they have not already done so. 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 29/7/2020 10:30 by quepassa Tosca's interestingly timed month-end revelations to Sky about their rejected initial offer last year has done little (somewhat surprisingly) to bolster the Talktalk share price.Of course the current depressed share price will not be positive news for Tosca's month-end valuations - especially after a challenging period for some of Tosca's funds. One can but wonder to oneself if the market is trying to encourage Tosca to dispose of its holdings by forcing down the share price. The current value of Tosca's major Talktalk stake would now appear to be significantly underwater compared to the acquisition costs of the shares as detailed in various past RNS's. Investors in relevant Tosca funds will likely be aware of depressed price of Talktalk shares. If TalkTalk last year rejected the tabled initial offer from Tosca on the basis that it undervalued the Company, and with a remarkably small free-float of shares, it remains surprising that the share has not responded to positive news, Tosca's fresh revelations and robust corporate news and corporate streamlining. There is likely a lot more going on behind the scenes than meets the eye. ALL IMO. DYOR. QP |
Posted at 28/7/2020 05:30 by quepassa All the activity from ToscaFund last year (much talked about by me on this bulletin board) was not seemingly without purpose.A fascinating and unmissable article from SkyNews after hours last night at 20.25. hXXps://news.sky.com An important confirmation yesterday from SkyNews that an indicative offer was made last year by Tosca at 135p per share for Talktalk, valuing the company at some £1.5bn. Since that time, Tosca have bought yet more TalkTalk shares. Martin Hughes, the highly regarded founder of Tosca has earnt his colourful City nick-name of "The Rottweiler" on account of his dogged determination and would, in my opinion only, be highly unlikely to back off now. After years of Take-Over speculation - it finally appears that an indicative offer of some 135p was made and this may well now spur a dog-fight in a fast consolidating broadband sector. According to Sky, this indicative offer has been confirmed by Tosca. Moroever the source at Tosca is quoted as saying that "TalkTalk is in a better condition in 2020 than it was in 2019" when the 135p approach was made. There is a lot more to come in this unfolding story. The big unanswered question is why Dunstone seemingly rejected the approach or whether he was holding out for increased offers. One thing is for sure is that the enormous amount of corporate tidying and streamlining which has fervently taken place over the last six months would seemingly leave Talktalk in an oven-ready position for the right approach ( see Post 343). ALL IMO. DYOR. QP |
Posted at 27/5/2020 09:25 by quepassa Noting:-1. The lowest Disclosed Short Positions since 2015 2. Improving broker sentiment. 3. Greatly improving OFCOM stats about customer complaints. 4. 30% sector increase in Broadband volumes since lockdown 5. 50% increase in landline traffic since lockdown. 6. Great increase in paid-for entertainment add-ons and subscriptions such as Disney+ and Netflix 7. Strong sector feedback from Vodafone with buoyant outlook which held dividend 8. Significant Talktalk cost-savings by relocating to Salford Quays as well as now being optimally located to benefit from the Northern Powerhouse government-lead business initiatives. 9. Strengthened balance sheet by bond issuance, equity raisings and £200million sale of FibreNation. 10.TalkTalk appointed as Strategic Partner in the provison of broadband service by CityFibre with plans to reach 8 million premises. 11. Increased sector M&A with merger of O2 and Virgin Media which heaps pressure on other major players such as Vodafone to beef up It appears to me that Talktalk is well-placed as a likley beneficiary of the dramatic ongoing increase in and further reliance upon broadband services. There should be no reason in my view why TalkTalk share price shouldn't rapidly retest the 120p levels achieved before the Covid-crisis and go higher. Full year results due on 11th. June but would not surprise me if there was significant strength in share price on the run-up to that date. ALL IMO. DYOR. QP |
Posted at 04/2/2020 09:04 by quepassa Eaton Vance declared a disclosable short position in Talktalk on 23/24th December of 0.69% when the TalkTalk share price had slumped to near 100p.They are now already some 20% out of the money on this short position and presumably will be wondering about closing. Given how heavily bought TalkTalk shares have recently been, it's not going to be easy or cheap to close that position out. ALL IMO. DYOR. QP |
Posted at 15/1/2020 12:08 by ariane Giulia Bottaro11:35 Wed 15 Jan 2020 viewTalktalk Telecom Group PLC Berenberg says TalkTalk "weak and not cheap" as it starts coverage with ‘sell’ The German bank slapped an 80p price target, a 32% discount to Tuesday’s closing share price Talktalk Telecom Group PLC - Talktalk now covered by Berenberg as a ‘sell’ Talktalk Telecom Group PLC (LON:TALK) shares dipped on Wednesday after Berenberg initiated coverage on the telecoms and broadband provider with a ‘sell’ recommendation as it said the firm is “weak and not cheap”. The German bank slapped an 80p price target on the FTSE 250-listed stock, a 32% discount to Tuesday’s closing price of 116.80p, sending the shares down 1.1% to 115.50p in late morning trading. READ: TalkTalk swings back to profit after record quarter for fibre In a note to clients, Berenberg's analysts noted that TalkTalk has been hit by declining market share, revenue and profits, while price competition keeps surging. They pointed out that with "regulation shifting towards incentivising network investment, an area to which TalkTalk is less exposed, it is left in a challenging position." Over its last nine preliminary results, the group has posted a total of £458mln in “one-off” Therefore, statutory earnings per share (EPS) have on average been less than half of “headline EPS”. The analysts said this has led to dividend overdistribution and higher debt - now at £781mln - having nearly doubled since the firm's demerger from Dixons Carphone PLC (LON:DC.) ten years ago. To top it off, they added, TalkTalk has a track record of poor customer service as it serves 3mln of the country’s 32mln households. The Berenberg analysts also pointed out that TalkTalk's board includes some directors classified as independent despite having worked for 20 years with the firm's founder and chairman Charles Dunstone. However, the analysts noted, a brighter future might come from favourable regulatory decisions, while the imminent sale of network builder FibreNation could also create large opportunities. Proactiveinvestors |
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