Tigo Colombia and Movistar (Telefonica) just signed an MOU around network sharing, meaning they will pool their infrastructure assets in what sounds like a JV structure. This will ease the cost burden around capex and spectrum purchases and could in the future conceivably allow a multiple arbitrage, since pure-play infra assets are considerably more sought after.
While not a full merger, this looks like it could be a game changer for the tough Colombian market, if approved.
Xavier won’t start buying until June 30th. Believe that could put significant downward pressure on the stock.
Found this last night:
“Commencement Date” means the Trading Day immediately following the date which is 30 calendar days following the date hereof.
“Purchase Period” means the period from, and including, the Commencement Date to, and including, the Completion Date.
Seems common to have a cooling period like that:
Companies may want to require a period of time to separate the establishment of a Rule 10b5-1 plan and the execution of trades pursuant to the plan. Although the absence of possession of MNPI at the time of plan adoption is the threshold question, rapid transaction executions subsequent to plan adoption may create an appearance of impropriety and call into question whether a plan adopter had MNPI at the time of plan adoption. Brokers administering plans frequently impose a seasoning period as part of their own trading practices, but companies also adopt these policies. A fourteen day period is often used, but many companies have increased the waiting period to about one month.
So your main theory is still that he'll sooner than later bid for the entire thing? Considering the way in which he has explicitly said in other companies, where he owns similarly large stakes, that he doesn't plan to bid for the entire company. That hasn't happened here. But I don't really see why he would have to hurry just yet. Could still give it a bit of time, maybe even postpone the sale of the tower co until he's ready to bid for the entire company. Could it also be so that the board won't take a stand on a takeover bid until the new board is in place? So that after tomorrow the Apollo thing might dissipate, and either XN moves in, or he doesn't.
Believe that was it. We were all wrong. No clear catalysts in the near term. Fantastic story though. This will most likely take at least a year to play out, and there are a lot of other things out there in the meantime.
Seems like Xavier’s mandate is capped at around 60 thou shares a day. Didn’t buy more than that last Thursday, even though there was some volume. That won’t be enough to support a bounce or stop a sharp decline in price.
He’ll be done by early next year. No need to hurry.
Believe we all got a bit to captivated by the sit and lost our composure.
There’s absolutely no way that you’ll end up being correct about this in the end. If anything you just succeeded in fooling some Twitter folks into this.
It’s obvious the company isn’t working currently, it’s barely self sufficient. A lot, a lot has to change. If you’re Xavier, are you really bidding now? Why? Risk of someone taking a corner is very small. Company will most likely take a beating coming quarters as well. Arguing that it’s worth 40$ is silly.
He’ll wait, if he ever takes it private that is. We’ve all been fooled by Ramos. There’s no way this company gets taken over for more than 21$. We should all be very happy at those levels. Hopefully a lot of big owners have changed their mind after these last two quarters.
I’ve carefully and silently read all of your related posts since February. All I can say you are the king of speculation and I respectfully recommend you should transition your career into writing science fiction novels.
Just finished reading all your pieces on this amazing story. Must say I'm quite convinced and will put some money towards some calls. 25$ seems like a bargain for the company. Stock has taken some flak lately though. Any thoughts as to why, except the aborted takeover talks? Is market not believing in an eventual bid from Xavier or Iliad? The best thing to happen going forward would be an activist fund taking a large position and putting some pressure on him to do something.
If you would have to guess on a bid level that would go through, what would that be? Any particular time frame you see?
When Iliad bought Play they announced in September. Xavier took Iliad private at the end of July 2021.
Tigo Colombia and Movistar (Telefonica) just signed an MOU around network sharing, meaning they will pool their infrastructure assets in what sounds like a JV structure. This will ease the cost burden around capex and spectrum purchases and could in the future conceivably allow a multiple arbitrage, since pure-play infra assets are considerably more sought after.
While not a full merger, this looks like it could be a game changer for the tough Colombian market, if approved.
https://comunicacionestigo.com/prensa/?p=578
The situation with EPM does probably relate, and I'm sure the near future can clear up exactly how.
Since I’m not on Twitter I’ll write you here.
Xavier won’t start buying until June 30th. Believe that could put significant downward pressure on the stock.
Found this last night:
“Commencement Date” means the Trading Day immediately following the date which is 30 calendar days following the date hereof.
“Purchase Period” means the period from, and including, the Commencement Date to, and including, the Completion Date.
Seems common to have a cooling period like that:
Companies may want to require a period of time to separate the establishment of a Rule 10b5-1 plan and the execution of trades pursuant to the plan. Although the absence of possession of MNPI at the time of plan adoption is the threshold question, rapid transaction executions subsequent to plan adoption may create an appearance of impropriety and call into question whether a plan adopter had MNPI at the time of plan adoption. Brokers administering plans frequently impose a seasoning period as part of their own trading practices, but companies also adopt these policies. A fourteen day period is often used, but many companies have increased the waiting period to about one month.
So your main theory is still that he'll sooner than later bid for the entire thing? Considering the way in which he has explicitly said in other companies, where he owns similarly large stakes, that he doesn't plan to bid for the entire company. That hasn't happened here. But I don't really see why he would have to hurry just yet. Could still give it a bit of time, maybe even postpone the sale of the tower co until he's ready to bid for the entire company. Could it also be so that the board won't take a stand on a takeover bid until the new board is in place? So that after tomorrow the Apollo thing might dissipate, and either XN moves in, or he doesn't.
Believe that was it. We were all wrong. No clear catalysts in the near term. Fantastic story though. This will most likely take at least a year to play out, and there are a lot of other things out there in the meantime.
Seems like Xavier’s mandate is capped at around 60 thou shares a day. Didn’t buy more than that last Thursday, even though there was some volume. That won’t be enough to support a bounce or stop a sharp decline in price.
He’ll be done by early next year. No need to hurry.
Believe we all got a bit to captivated by the sit and lost our composure.
There’s absolutely no way that you’ll end up being correct about this in the end. If anything you just succeeded in fooling some Twitter folks into this.
It’s obvious the company isn’t working currently, it’s barely self sufficient. A lot, a lot has to change. If you’re Xavier, are you really bidding now? Why? Risk of someone taking a corner is very small. Company will most likely take a beating coming quarters as well. Arguing that it’s worth 40$ is silly.
He’ll wait, if he ever takes it private that is. We’ve all been fooled by Ramos. There’s no way this company gets taken over for more than 21$. We should all be very happy at those levels. Hopefully a lot of big owners have changed their mind after these last two quarters.
I’ve carefully and silently read all of your related posts since February. All I can say you are the king of speculation and I respectfully recommend you should transition your career into writing science fiction novels.
Just finished reading all your pieces on this amazing story. Must say I'm quite convinced and will put some money towards some calls. 25$ seems like a bargain for the company. Stock has taken some flak lately though. Any thoughts as to why, except the aborted takeover talks? Is market not believing in an eventual bid from Xavier or Iliad? The best thing to happen going forward would be an activist fund taking a large position and putting some pressure on him to do something.
If you would have to guess on a bid level that would go through, what would that be? Any particular time frame you see?
When Iliad bought Play they announced in September. Xavier took Iliad private at the end of July 2021.
Oh boy. This shit turned sour. Better hope the French saves you. Otherwise back to 10 bucks. Hope some people got out at least, know I did.