Ann: NZM: Fairfax NZ merger process and NZME results date, page-19

First 19 Last

Share
Profile

Follow
TriOptimum

468 Posts.

23

25/03/17

13:43

Post #: 23621835
Share

Originally posted by TriOptimum ↑

Few days old now, but a Street Talk story in the Fin on 21.03.17 says that TPG Capital "couldn't make the numbers stack up" when they considered making a move on Fairfax in 2016. But now the the Domain spin-off has been announced they are supposedly interested in "taking at least a controlling stake in the entire Domain business".

http://www.copyright link/street-talk/fairfaxs-domain-the-main-game-for-tpg-capital-20170319-gv1sa2 (paywall)

I don't know how they intend to do that if FXJ plans to keep a 60-70% stake in Domain after listing. Any thoughts?

Anyway, the story also notes thee risk of a de-rate in FXJ after a Domain float. I am weighing up whether it would be worthwhile to hang on for a very small stake in Domain, or sell now to take a small profit in my larger stake in FXJ, and avoid potentially a sizeable loss in the case of a big de-rate.

Expand

Sorry, no paywall - article looks like it's free.

More recent rumours about private equity buyers for other parts of the FXJ business (one firm, Platinum, even supposedly interested in buying the metro media assets - really?) but keep in mind the article is published by a rival that loves to sink the boot in to FXJ:

http://www.theaustralian.com.au/tpg...s/news-story/81f2e3178607efa6398409d2c73eb6ed

Last edited by TriOptimum: added name of Platinum as firm interested in Metro MEdia 25/03/17

FXJ Price at posting: $1.02 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

C1X

iTech inks deal with Chilean lithium giant to progress Reynolds Range

CMB

Asian Battery Metals uncover second massive sulphide discovery at Mongolia's Oval play

PCL

HotCopper users react as Pancontinental Energy's trading halt lift reveals little

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

CAF

IP anomaly thrills Cannidah with project extension hopes in QLD

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ASX Market Open: Aussie market to leap on best 'Trump trade' bump since election day | November 22, 2024

There are more pages in this discussion • 2 more messages in this thread...

First 19 Last

Add FXJ (ASX) to my watchlist

Ann: NZM: Fairfax NZ merger process and NZME results date, page-19

Top Stories

iTech inks deal with Chilean lithium giant to progress Reynolds Range

Asian Battery Metals uncover second massive sulphide discovery at Mongolia's Oval play

HotCopper users react as Pancontinental Energy's trading halt lift reveals little

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

IP anomaly thrills Cannidah with project extension hopes in QLD

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ASX Market Open: Aussie market to leap on best 'Trump trade' bump since election day | November 22, 2024

Featured News