Sky Share Discussion Threads

[exon] 23/9/2018 00:18

my guess, any one else?

1st round

Fox Disney. £16.00

Comcast £14.75

2nd Round

Fox Disney. £16.00

Comcast £16.75

3rd round

Fox Disney. £16.00

Comcast £17.50

My guess a couple of days ago, as above - I think that was close - considering,

They both spent 100s of millions on advice!!

Very Happy with my return, But Comcast still need to get the 51% to achieve their aim - Fox/Disney don't have to tender their stock. But, my opinion is this was their plan, maximise the return.

11th October is the date set for deciding to accept or not.

[sunnykyli] 22/9/2018 21:57

Murdock is a chicken

[nk104] 22/9/2018 21:14

Just shows how supine the Non-Execs were in the first place accepting £10.75.

[failedqs] 22/9/2018 21:03

Latest BBC report states £17.83 per share but I'm sure they've just made a backside of their report.......

[sponges] 22/9/2018 20:52

happy here - having only got in on Friday cheers all

[bouleversee] 22/9/2018 20:13

So do we get that automatically and if so when, or do we have to wait till comcast notifies us that this is their final offer and it's unconditional and we then have to formally accept?

What a pity I sold my ISA holding @ £13.57 after the first offer, hedging my bets and thinking I was being clever as it was above the then offer price. Didn't know about auctions then. I hardly dare look to see what I did with the dosh.

[nk104] 22/9/2018 19:40

£17.28! Get in you beauty.

[stevesold] 22/9/2018 19:36

I'm happy. What happens to the 35 certificates I can't find??

[failedqs] 22/9/2018 19:21

And we have a winner......£17.28 quite a decent result

[highvoltage] 22/9/2018 19:12

The Auction Procedure has ended and the offers of Comcast and Fox following its
conclusion are as follows:
Comcast: £17.28 per Sky ordinary share
Fox: £15.67 per Sky ordinary share

[hades1] 22/9/2018 18:59

730-800pm watch Sky News

[tattiescone] 22/9/2018 18:15

hades1.....baited breath. Any idea at what time info goes public?

[hades1] 22/9/2018 17:17

Now into final round 3Final bids by 7pmResults by 730pm -8pm

[stevesold] 22/9/2018 17:04

FAILED, might have to think about that price
.NOT

[failedqs] 22/9/2018 13:28

Just a few hours till it's over - I was just reading an article that quotes Crispin Odey the hedge fund manager, from June last year:"Debt is so easy to serve and so cheap they could easily be paying 1800p for sky. If you're free cash flow looks like it's going to come through at £2.5bn, which it should do within a year, what are you willing to pay for that? Well, you're willing to pay £50bn - or around 2600p a share"I'm sure we'd all be happy with anything of that order!!.....

[exon] 21/9/2018 23:33

It is possible that the auction procedure may complete in circumstances where the revised offers which the offerors are required to announce are at the same price in cash.

Or

Under the normal provisions of the Code, a person other than Fox or Comcast (or any person acting in concert with either Fox or Comcast) announces a firm intention to make an offer for Sky

Provisions that I suppose don't make that an automatic option!

[stevesold] 21/9/2018 21:44

I assume share holders will then receive a formal offer to accept.

[exon] 21/9/2018 20:41

It is expected that the increased bids (if any) lodged during the auction procedure will not be publicly announced by any of the parties other than as set out below.

As soon as practicable following completion of the auction procedure on the evening of 22 September 2018, the Panel Executive will make an announcement in accordance with Rule 30.1 of the Code (which will also be published on the Panel's website).  That announcement will set out the prices of the offers to be announced by each offeror following the conclusion of the auction procedure.

Following the Panel Executive's announcement of the result of the auction procedure, and by no later than 7.00am (London time) on 24 September 2018, each of the offerors is required to make an appropriate announcement

[hades1] 21/9/2018 20:26

I understand we will hear nothing now until the result is announced tomorrow evening.Correct?

[exon] 21/9/2018 16:35

May the best company win/bid
It's been a long time coming.

But thank you Comcast for making it into a contest.

[rogthepodge] 21/9/2018 16:11

nice to think so

1600 has always been my target

risk though that it could be 1500! nothing in life is certain

[failedqs] 21/9/2018 13:11

Your eventual final bid prediction of 1750p is roughly what I am thinking too.

[exon] 21/9/2018 12:04

my guess, any one else?

1st round

Fox Disney. £16.00

Comcast £14.75

2nd Round

Fox Disney. £16.00

Comcast £16.75

3rd round

Fox Disney. £16.00

Comcast £17.50

I Just wished we had a UK White Knight to save us from the Americans at the last minute. (the exchange rate is making life easy for them to pick up UK assets at the moment)