|Virgin Mobile Holdings
||EPS - Basic
||Market Cap (m)
Virgin Mobile Share Discussion Threads
Showing 101 to 123 of 125 messages
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|Thanks for the intelligent input guys. Makes a change from the likes of VOG etc.|
|I sold out at £3.55. Logic......
...Not convinced the quadruple play that important.
...They seem to be buying the Virgin brand to some extent. Can't Branson do that without using VMOB.
....NTL have thier hands full with Telewest anyway.
.....Differing interests of Branscombe and min shareholders.
Takeovers can be difficult and this does not feel comfortable.|
|The weird thing with this one is that NTL did not intend to up their bid much from 323p but there was a possibility of splitting the payment so that minority shareholders got 355p to 360p and Branson got less for his stake. Branson reckoned only another 25m to the minority shareholders would have clinched it.
What's happened since is that, even though NTL reserved the right to offer a lower amount or to change the terms, the market assumed that the offer of that number of shares would stand so Virgin's price has tracked NTLs price which has risen sharply recently on the back of the expected private equity buy-out rumour.
Now the minority shareholders have got a bit greedy and basically said that even 380p or so only represents the same as before because of the rise in NTL's price so they want more. NTL seem to be taking the line that "well you should have accepted our perfectly generous offer at the time - see how well you would have done, now we are going to offer you less cos your shares are only worth what we are prepared to pay for them"
News flow on this hasn't been very good has it?|
|9m shares placed @3.62 - reason for fall|
|Just fell like a bloody stone. Why?|
|Virgin Mobile institutional s/holders want 400p/share - report
LONDON (AFX) - Institutional shareholders in Virgin Mobile Holdings PLC have
told the company's board, chaired by Charles Gurassa, that it should reject any
takeover bid from NTL Inc, the cable group, of less than 400 pence per share,
the Sunday Telegraph reported.
The newspaper said the demand by investors will heighten tensions between
Virgin Mobile and Sir Richard Branson, the founder of Virgin Group, who holds a
72 pct stake in the mobile firm.
It said Branson has thrown his weight behind the takeover of Virgin Mobile
by NTL and is believed to be growing increasingly concerned that delays in
agreeing a deal could lead to the talks breaking down.
In December Virgin Mobile rejected a 323 pence a share offer from NTL.
The Sunday Telegraph said NTL is widely expected to return to the
negotiating table this week.
It added that if NTL does improve its offer, Gurassa will insist the cable
company and Branson disclose any talks they have held with the private equity
consortium known to be interested in making a bid for the enlarged NTL-Virgin
It said the consortium, led by Permira and believed to include Apax
Partners, Cinven, Kohlberg Kravis Roberts and Providence Equity Partners has
been circling NTL for months.
Virgin Mobile shares closed Friday at 374-1/2 pence.|
|Most press reports suggest it's a done deal with a bit of horse-trading over whether NTL pay a bit extra or just give less to Branson for his stake than they do for the minority shareholders.|
|Interesting rise this morning! Could Sky be about to bid cutting off NTL or making them pay more as a spoiler?|
|Duck's off, sorry. Who's for trifle?
"NTL INCORPORATED ('ntl')
RESPONSE TO ANNOUNCEMENTS BY VIRGIN MOBILE AND STATEMENTS BY VIRGIN GROUP
09 December 2005
ntl notes the recent announcements by Virgin Mobile and the statements by Virgin
Group, of which ntl had no prior knowledge, as well as the material increase in
the Virgin Mobile share price subsequent to these announcements.
ntl continues to believe that its potential offer at 323 pence per Virgin Mobile
share represents better value, for all Virgin Mobile shareholders, than Virgin
Mobile's stand-alone alternatives and will make a further announcement in due
course, if and when appropriate.
ntl reserves the right to make an offer at a price lower than 323 pence per
Virgin Mobile share with the agreement of the Virgin Mobile Board or in the
event that a person not acting in concert with ntl announces an offer at less
than this price. Any offer for Virgin Mobile would be made in accordance with
the UK Takeover Code."|
|Branson was quoted today on CNBC as saying another 25m would do it. That's only about another 10p more.
Edit: analysts have taken the 25m more to refer to the minority stake and therefore equivalent to 100m or 36p per share, or about 360p.|
|:o) looks like if NTL want to buy Virgin they are going to have to offer higher than their initial 323p bid.|
|Internet and mobile combined give some great (as yet untapped) opportunities.
With mobile phones now coming with cameras and internet connections, one new applicataion is Video Blogging. The problem with making videos the normal way is that you have to lug a video camera around. Hands up who carries a video camera around. Now hands up who carries a mobile phone around.
Home-made videos will never be the same again! I've started a Mobile Blogging thread to show how easy it is, and to discuss how people would like things to develop.|
|thanks megsta & a77 lets hope it keeps rising|
|aha a77 nice to see you again, there were many rumors spread about o2 and it only went 10p ish above offer this is way above though & and no rumors as far as im aware, i was just a little surprised to see it rise so much all holders must be extreamly happy :)
obvly the rise is a very good thing lol im not going against it just wanted an understanding of whats happening|
|Shares in BSKyB (LSE: BSY.L - news - msgs) fell 2 per cent to 495p and blue-chip telecoms major BT saw a 1.1 per cent fall to 211.8p, as investors cautioned over the increased competition from the NTL bid.
Hi Matt - as a77 says: speculation of a potential higher bid from a competitor (BT, BSkyB, Vodafone)?|
|Congratulations all holders - happy days.
Matt - O2's share price did that too - in expectation of a higher bid.|
|i know its a good thing but if shareholders are offered 323 pence per share why has the share price not settled around 320-325pence isnt 340p a bit extream? just dont understand why it would go so far past offer price.
could anybody share any light?
|323p you're havin' a larf|
|"However, it remained unclear whether Virgin's board, which remained locked in talks late last night, would recommend the 323p per share bid.
That would offer only a small premium to Friday's 311p closing price."
|The deal, which is subject to NTL completing its 3.4 bln stg merger with
smaller UK cable TV group Telewest Global Inc, would create the country's first
company with the ability to offer mobile, fixed-line, TV and broadband services.
It would have 2.5 mln broadband internet customers, 4.3 mln fixed-line
telephony accounts, more than 5 mln mobile phone customers and revenues in
excess of 4 bln stg.
It is likely to be a major force in the pay-TV market and pose a strategic
threat to the dominance of BSkyB, 37 pct-owned by News Corporation, the global
media group controlled by Rupert Murdoch.
Virgin rents airtime for its 4 mln-strong customer base from Deutsche
Telekom AG's UK unit.
NTL stock is listed on Nasdaq in the United States.
|so what happened to the Telewest merger?|