Australia's largest stock trading and investment forum Australia's #1 stock forum

FXJ

Click for more information

0.00%

66.0¢ fairfax media limited

Why would FXJ give their GOLDMINE (DOMAIN) away for less than...

First 21 Last

Share
Profile

Follow
good2no

904 Posts.

23

03/04/17

20:57

Post #: 23826696
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

Why would FXJ give their GOLDMINE (DOMAIN) away for less than the expansion of the domain.
DOMAIN has huge potential. Whoever bids for it, wants to pay a premium for the future.

FXJ Price at posting: $1.03 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

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

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

Here are three global stocks you should watch

First 21 Last

Add FXJ (ASX) to my watchlist