VMED – possible takeover from Liberty Global

Wednesday, Feb 06 2013 by
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VMED  possible takeover from Liberty Global

Virgin Media Inc (LON:VMED) has reported that it was in discussions with Liberty Global, which may lead to a takeover of VMED. This news sent the shares up 424.82p (17.25%) to 2887.82p.

On 20-Jan-2013 I mentioned VMED as a potential special situation, at 2413p, on account of noticing that it was returning capital. I did not have a position, which is rather unfortunate given the news today.

A missed opportunity to make a quick quid, although I was not to know that at the time.

Still, it’s always nice to discover that an idea I had went up, rather than down, in price. I wouldn’t buy it now, because buying into bid speculation is too risky. It might be one to look at again if the bid fails.

Did anyone take a nibble when I mentioned it last month?


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Virgin Media Inc. is the provider of broadband, Television (TV), mobile phone and home phone services in the United Kingdom. The company’s cable network delivers ultrafast broadband to around half of all United Kingdom homes, with speeds of up to 152 Megabits Per Second (Mbps), as well as connectivity to thousands of public and private sector organizations across the country. The Company provides advanced interactive television service in the country, bringing together broadcast TV, thousands of hours of TV On Demand and the web in a single set-top box powered by TiVo. It also offers High-Definition (HD) TV and 3-Dimension (3D) On Demand to millions of British households. The Company’s up to 152Mb broadband is a 19x faster than regular broadband. The Company’s Virgin TV provides more than 200 channels, including over 34 in HD, ranging from Sky channels to 3D movies and live pay per view events. Virgin TV also provides TV On Demand. more »

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About Mark Carter

Mark Carter

I am a private investor living in Scotland. I am a computer programmer by trade.

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