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TriOptimum

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25/03/17

13:43

Post #: 23621835
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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.

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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
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