Thank jftm, link: |
All those psuedo share buying and selling on LSE Stock, would look more convincing without the 1's and 2's all time.
This was told to me a long time ago."Don't believe everything you read, or hear, and only half of what you see".
I see life as 1/3 substance, 1/3 gloss, and 1/3, manipulation, (generally speaking). |
Agree, jonny, Matthew's posts are extremely embarrassing. Not in a million years has he worked in the City. In the city centre maybe, selling the Big Issue! |
Okay. Thanks matthewr1. |
Nearly there? |
Huckers , it’s basically playing poker with the market. Nobody has known what their short , medium or long term plans for ITV are since they took that stake. They want to keep that status quo pure and simple , and that gives them leverage in any debate/conversation/bid.
You’re right that the actual mechanics of whether they have 9.99% or 10.01% matter not. |
LOL at matthew!!!! He's sooooo clueless PMSL 😁
spud |
Sure. But - at the risk of seeming argumentative - what is that felxibility (specifically)? To decide to launch an action at their own timing? Is there anything else? As far as I know, being above 10% has no other implications to Liberty Global. In fact, in confers some extra rights such as the ability to ask for a vote at a general meeting or ask for an audit. But I have not come across any onerous obligations of being above 10%.
In any case, it seems that Liberty Global have decided to remain at under 10%. So, they have their reasons. I am just trying to understand what they might be since they are a pivotal shareholding. |
Huckers , £20m to Liberty media is utterly irrelevant. Staying under 10% gives them flexibility which they don’t have for 6 months with a ‘put up or shut up. |
Is this the Handbags thread? |
I'm merely responding to Robwt's remarks.
The fact he thinks "Musk is a rotten human being" tells me all I need to know about what a censorial fascist Robwt is.
Because one thing Musk has done is allow everyone to have a voice - diversity of opinion!!!
Which clearly Robwt doesnt like |
What is the problem with you Gecko? This is an ITV BBS but you are talking something irrelevant! |
Has anyone seen the itv Christmas Day schedule. Christ(mas) it's actually beyond dire. Somebody needs to take this thing over fast, while there's something still left. |
LOL at matthew!!!!!!!!!!!!!!
spud |
Why sell some of their holding at a material loss (of around £20m for the shares disposed) just to remain under 10%? Why not just state “no intention” and leave their number of shares unchanged? Feels like a strange, costly decision to make all for remaining “below the radar”. What does that achieve for them?
They may have been below 10% for 10 years but they have had to take no action to do so as the shares in issue have until recently remained unchanged. |
Sorry gents , but don’t get excited about liberty global. Just an exercise in staying under 10% as they have been for a dozen years , nothing more (imho).
And yes you have to file from 3% upwards to 10% (or downwards) where a ‘put up or shut up’ kicks in. Remaining under the radar net net. |
Nope, I’m afraid not. I even contacted Liberty Global Investor Services to update me on their ITV share holding size and they have not replied! That might not be surprising in any case.
I suspect Liberty Global have sold down their position slightly to buy themselves more time. It might be wishful thinking but I find it suspicious that they did so previously. Something may be afoot! I hope! LOL |
If you pass 10%, you are obliged to make a statement as to whether you intend to bid for the company. A statement that you do not intend to make an offer will remain in force for six months, precluding you from making a bid unless another entity first makes an offer. |
FCA reporting & disclosure rules trigger at certain levels of ownership such as 10%. So that holders intentions are made clear to the market.
Not suggesting anything amazing is about to happen - simply noting Libertys unusual 9.999% holding size after today’s RNS that’s all.
This is based on simplywallst holding sizes which haven’t been updated since Aug so may be out of date… (even simplywallst are reporting this wrong at 10.1% due to rounding - but using the RNS available shares today it’s clearly 9.999%) |
I think it will only take another 236,892 or more shares tomorrow for Liberty to finally hit 10%
Brinkmanship?! |
Just noticed the same! |
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