Digital 9 Infrastructure Takeover Rumours (DGI9)

These are interims, so no audit, of course. My best guess: TP playing hurt silly buggers and refusing to concede the drop in NAV (and thus a drop in their fees). Possibly this goes deeper, and the board are looking at suing them. My hopeful guess: The sale of an asset is in the final stages, and we'll be suspended for a few days whilst it completes. My really hopeful guess: There's an offer to takeover the whole fund, lock, stock, and barrel. Anyway, it is what it is now.

II also listed the results date for DGI9 as today. After a restless night thinking about my trading options based on what might be disclosed today, nothing... All is forgiven, though, if they're putting the final touches on a major asset sale or a takeover of the whole company. :)

Agree that no politician is going to be in a rush to turn off terrestrial TV and take the pain from the press over it. But when DGI9 is discounting free cash flow to equity at 14% or so, those far-away numbers won't matter to the valuation anyhow. The most relevant piece of information we'll see on Monday (in my opinion) is the value placed on Aqua and EMIC. (besides any potential blockbusters about discovering massive fraud by TP or a takeover proposal) We know that Elio and SeaEdge should total £50-60m between them and should be sold without too much bother. If the write down to 45p comes mostly from writing down Aqua/EMIC, it will surely be because indicative bids for the assets are terrible. If the write down to 45p comes mostly from Arqiva/Verne earn-out, we can take a view. But that would mean that a nice chunk of cash is going to be coming in the door from selling the undersea cables.

Fair comment Tiger, That said. It would be a strange tactic to announce a 47% cut in NAV after being approached. That idea of reduced Nav due to a takeover being floated looks like a desperate forlorn hope from those hunkering for some respite in the share price, or a quick 45p return to me. As always, happy to stand corrected. Edit. The RCF still needs clearing/refinancing before March 2025 and the material uncertainty warning looks set to remain in the accounts. I'm starting to believe that administration would provide a better return for holders here, no listing costs, no bod wages, no massive fees,(save the set out admin costs) and also hard-nosed professionals selling assets in a timely fashion. AIMHO.