Talktalk Telecom Share Discussion Threads

[1224saj] 09/2/2021 16:49

Shaker, having sat many times at the table of Charlie Dunstone, I promise you, the last thing he needs is bad press where he is seen to be shafting PI's

[jmid1000] 09/2/2021 16:14

Thanks, that makes it clearer regarding exit timings on taking some off the table. If I did keep a % after the deal, the aim was rather for the end game to maximise profits, than to get a slight improvement on the deal price the following month or two. Happy for the long game, but just a bit concerned now about shakers post

[1224saj] 09/2/2021 14:01

Jmid, you can move any number of shares off the table while they are still quoted as a public company. As you will have seen the price has fluctuated between 0.95 and 1.01 since the offer. If you stay in until the deal is done you will have the opportunity to sell at the offer price some or all of your shares. If you stay in post the deal, you will have to offer your shares through a broker to get the best price they can from other investors/shareholders. I for instance would buy your shares at 0.98p

[jmid1000] 09/2/2021 13:34

Yes it's that that worries me, taking money out of the company to pay themselves big bonuses, happened to me before on an AIM share. Definitely food for thought

[jmid1000] 09/2/2021 13:30

Thanks 1224saj, I have just shy of 10,000 shares (ex employee made redundant by the move to Salford). If no counter offer comes forth (and it's not thrown out of court in March) I'd like to let half of it ride in the new company if they allow pi's to stay in. Happy to wait 5 years or so. Do you know if you can decide an amount to sell? Or would I have to reduce my holding accordingly before the deadline? TIA

[shaker44] 09/2/2021 12:56

Sure. Charlie has a plan to benefit himself, his board and executives at the expense of other shareholders. And any one who expects regulators to protect small shareholders is in for a disappointment. Regulators are not the smartest (smart guys/gal's earn big bucks working for city advisors) and want a quiet life.
Sadly they know they can get away with it.

[1224saj] 09/2/2021 12:36

FTP, I agree. But there has to be some sort of governance, even in a private company. If they start paying divi's say 5% and then take cash out of the business by way of bonuses to the board that are way out of sync, these actions can be challenged by any shareholder. There are risks here, but I think Dunstone has a big picture plan?

[1224saj] 09/2/2021 12:30

Jmi, having spent the last 30 years in telecoms and have a respectful holding in TT, my crystal ball is like everybody else. There are a lot of keys to this door. Why did Tosca offer a higher price last year? Their pitch to their investors are double digit returns. One just has to look who sits behind Tosca and who has the most shares in TT, two players who are no fools and have made serious money in the past. Not forgetting how much Dunstone paid for more shares in 2019/2020

[feelthepain] 09/2/2021 12:14

My concern is that if they can extract cash equal to the value of the investment they won't care about the share price. Some sort of payments crated under a new board structure.For a company that is not publicly listed the share price means very little.

[shaker44] 09/2/2021 11:59

Maybe come back around 200p equivalent in 3-5 years depending on events along the way. Bit finger in the air really.

[jmid1000] 09/2/2021 11:32

If you went for the long-term investment of 3 to 5 years, what do you think the share price has the potential to reach?

[shaker44] 09/2/2021 11:31

And most will accept however grudgingly rather than have funds locked up for several years.

[leadersoffice] 09/2/2021 11:04

I don't need the money as such but I'm losing in my investment if I take the cash. They'll probably want you to sell up and not be a holder in TOSCA.

[1224saj] 09/2/2021 09:27

Jdrw, nobody knows how long Tosca will hold the investment, but there will be an exit plan, usually 3 or 4 years. During that time Dunstone and others will be totally relying on divi's for their investment. The market will only be through brokers and will be dictated by the pool of shareholders. As a shareholder you will informed by annual reports. The risk reward here is Dunstones 300m investment, is he going to let Tosca become cavalier, I don't think so. Also remember Tosca currently only own 29% of the stock.

[jdrw999] 08/2/2021 16:52

So my daughter has Talk Talk shares and wants to now what to do - take the cash or lock it in for an unknown time, i have no idea?

[shaker44] 08/2/2021 09:56

Unless, like Redex, they decide to keep a listing, and mop up some naysayers before the eventual float. Depending how big the naysayer rump is.

[1224saj] 08/2/2021 09:32

There will not be a market as such. You're shares can be offered through a broker to other shareholders, what they will offer you is another question. I think it's wait, take the divi's and payday when it's sold again or relisted?

[shaker44] 07/2/2021 13:04

And for those who wait it out, will there be a market to sell into between delist/relist??

[1224saj] 07/2/2021 12:31

The trouble is, time is not on my side. Ideally, I'd wait 3 years, ride on the tails of the thieves, take big dividends ( we all know how Charlie boy likes his divi's ) and then when they float again, in for a huge payday. A share is a share, no matter how they try to dilute in the divi/float pay day

[leadersoffice] 05/2/2021 18:43

Ditto. I'll vote against. However it's a open & shut case. Talk talk should hang their heads in shame. Weak weak weak

[1224saj] 05/2/2021 16:22

I am not voting for the theft of my shares, but how many other PI's feel the same?

[shaker44] 05/2/2021 08:38

Still gotta hope for a counterbid to overturn shameful board/Dunstone action

[1gw] 05/2/2021 07:35

There it is then. Court meeting & GM 1st March, anticipated effective date 12th March.

Those are the 2 key dates that any prospective counter-bidder will need to focus on. Do they wait for the meetings to see if minority shareholders manage to throw the deal out, or do they move ahead of that? I have to say the price action suggests to me the market is now expecting the deal to go through as is, with a very low probability assigned to a counter-offer.

[1224saj] 04/2/2021 22:46

Anybody listening to QP on the other board?