Talktalk Telecom Share Discussion Threads

[1gw] 26/4/2018 17:36

Looks like Capital have had a compliance review and found themselves wanting in the UK TR-1 notification department.

Earlier today they gave an ITV notice and now this talktalk one. This pre-dates the placing so of purely historic interest, although perhaps it gives an idea of where some of Toscafund's shares might have come from.

Today they disclose their moves between 16/5/17 and 8/12/17:

143.3m shares as of 16th May 2017 (TR-1 issued)
120.5m shares as of 13th October 2017 (no TR-1 issued)
114.3m shares as of 8th December 2017 (TR-1 issued today)

Since then we have had the placing with the 8th February RNS from talktalk saying that Capital participated and increased their holding to 126.1m shares.

[quepassa] 26/4/2018 16:58

Up 3.5% today. Strong day for TalkTalk. Very strong.

Funny old world innit, what with that RNS coming out at 4.31pm.


ALL IMO. DYOR.
QP

[quepassa] 26/4/2018 16:54

Now, who just might be on the other side of that big trade by CGC for a massive 3% block sale of TalkTalk shares/voting rights....?

.....I wonder......

......got my own personal guess.......


I just love that unmistakable smell of coffee brewing.

All the best RNS's come out when the market is closed

ALL IMO. DYOR.
QP

[pierre oreilly] 24/4/2018 09:12

With cityfibre being taken over at more or less double the market price, I would expect a bigger jolt to the price of talk. with 7.4bn euro of funding, it's really possible they may take out more companies in the same business.



Nic Fildes, Telecoms Correspondent 54 MINUTES AGO Print this page
CityFibre, the British telecoms company, has recommended a £538m takeover by a consortium of infrastructure funds backed by Goldman Sachs pitched at a 93 per cent premium to the share price of the company.

It is the latest sign that funds are targeting Britain’s ‘altnets’; which are building full fibre networks in areas that Openreach, BT’s engineering arm, has yet to upgrade. CityFibre has an agreement with Vodafone, signed last year, and has targeted a roll out reaching 20 per cent of the UK population.

Antin Infrastructure Fund, a specialist fund with €7.4bn of capital, has teamed up with West Street Infrastructure Funds, which are managed by Goldman Sachs, to make the bid. The bid has already been accepted by two-thirds of shareholders.

[quepassa] 24/4/2018 07:13

CityFibre TAKEOVER.

Sector on fire.

A whopping 92% premium to yesterday's close. Total value of Bid some £540 million.


That puts a big new REVALUATION on other companies engaged in this same sector.

Paying UP.

ALL IMO. DYOR.
QP

[quepassa] 23/4/2018 09:07

Pushing ahead strongly.

It is very interesting to compare and contrast the regularly updating websites of Daisy Group and Talktalk Business in terms of their offerings especially for SMB's/corporates.

Looks to me as though the Business Telecoms sector is a burgeoning sector for both groups.


ALL IMO. DYOR.
QP

ps. in mid Feb, the financial press was reporting widely that Daisy Group was considering potential upcoming IPO.. Anyone seen an update? -All I can detect is 100% radio silence....almost too silent...

[septimus quaid] 15/4/2018 16:31

1gw, interesting piece of analysis. Means that Toscafund are picking up their additional shares from a fairly limited "pot" (surprised the share price hasn't risen a bit more as a consequence).

[1gw] 15/4/2018 11:50

Yes, and the ratio of shares on loan to what you might regard as "free float" is staggering.

If I have the numbers right we have about 79% of the company held by the original founders (Ross and Dunstone) plus the 3 other largest shareholders:

28.5% Dunstone
11.6% Ross
14.0% Toscafund
13.6% Invesco
11.0% Capital

All of these investors participated in the recent placing.

So 79% that you might expect to be fairly tightly held for the moment.
Against that Euroclear reports nearly 6% of shares out on loan on average in March.

If a good part of that 6% reflects short positions (although I accept that declared positions are only 1.4% in aggregate) then that is a significant proportion of the 21% not in the hands of the above 5 investors. And therefore you might expect a good chance of a short squeeze if there were a credible takeover story or other information causing a reassessment (to the upside) of fair value.

[quepassa] 13/4/2018 11:21

Be very careful of setting one's stop losses too near the closing price.

Standard market makers' trick of marking a stock down sharply first thing upon market open, triggering stop losses and hoovering up stock on the cheap . Only to see the stock recover shortly thereafter.

Happens to some stocks more frequently than others.

Especially when those stocks are in demand.

If one sees this happening frequently , one can be pretty damn sure that market makers want the stock to fill demand.


Then again, there has been one elephant in the room with a voracious appetite who has gone from a 5% stake to 14% stake in just a few short months.


ALL IMO. DYOR.
QP

[quepassa] 12/4/2018 20:28

Looks like the market is finally waking up and at long last taking note of the significant and rapid stake-building by ToscaFund in TalkTalk where Tosca have gone from 5% to 14% in just a few short months.

Tosca are not in my opinion just building this stake in Talktalk for the sheer hell of it.

I personally find it fascinating to look at their track record, the activist reputation of ToscaFund, their modus operandi, their other strategic holdings/investments.




ALL IMO. DYOR.
QP

[quepassa] 12/4/2018 08:40

ToscaFund haven't increased their stake (yet again) in Talktalk to 14% just for fun.

One can but wonder to oneself what their real agenda is....

Already showing a very attractive and rapid gainful return on their significant participation in the recent Placing at 107p.


ALL IMO. DYOR.
QP

[septimus quaid] 12/4/2018 07:17

Toscafund upping its stake again, 13.1% to 14%

[quepassa] 11/4/2018 13:12

Wow. New RNS.


Tosca now up to 14% (from 13.1%).

Watch this space.

Previous posts (eg 146) on this topic refer.


ALL IMO. DYOR.
QP

[quepassa] 11/4/2018 08:13

Sprint /T-Mobile restart USA merger talks.

Big-ticket M&A coming back into telecoms sector.

[quepassa] 10/4/2018 15:01

G.Fast

An excellent initiative which will dovetail neatly with FTTP strategy.

ALL IMO. DYOR.
QP

[semper vigilans] 10/4/2018 10:25

You could still not invent such appalling customer service even if you set out so to do.

[quepassa] 10/4/2018 10:21

G.Fast

An excellent initiative which will dovetail neatly with FTTP strategy.

ALL IMO. DYOR.
QP

[brad rad] 07/4/2018 16:16

Need them to hit 160
Still cheap at this price

[septimus quaid] 28/3/2018 21:24

Marshall Wace have unwound their short slightly (8-9%):

Fund % short change Date changed
Marshall Wace LLP 1.17% -0.10% 22 Mar 2018

[septimus quaid] 28/3/2018 18:40

mainly encouraging staff reviews:

[micos] 28/3/2018 13:20

Pray tell.

[harry_david] 28/3/2018 13:05

A bit more good news today.

[harry_david] 28/3/2018 13:04

A bit more good news today.