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. (Virgin Media)is engaged in entertainment and communications business. The Company has two segments: Consumer and Business. The Company is a provider of broadband Internet, television, mobile telephony and fixed line telephony services that offer a range of entertainment and communications services to residential and commercial customers throughout the United Kingdom. It is a provider of residential broadband Internet, pay television and fixed line telephony services by number of customers. As of December 31, 2011, the Company provided services to approximately 4.8 million residential cable customers on its network. The Company is also a mobile virtual network operators by number of customers, providing mobile telephone service to 1.5 million prepay mobile customers and approximately 1.5 million contract mobile customers over third party networks. In June 2013, Liberty Global Inc announced that it has completed the acquisition of Virgin Media Inc (Virgin Media). more »

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About Mark Carter

Mark Carter

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



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