Really? Foxtel offer at 17c which represents 25% discount and therefore a 25% interest rate on their capital injection. Global interest rates are near 0% and this is meant to be palatable? Time for a reality check. What is it worth to Foxtel who so clearly want it and a and need it for their next tilt at AFL rights. Why should we pay 25% interest? If Foxtel is happy with 15% buy off Laclan. What happens to his share under The Fin's alleged offer ? Go away Foxtel. Aficionados might choose to reference an ABC interview with Gyngell talking about the cyclical nature of TV. The wheel is turning and fair value is required. Otherwise Foxtel is free to buy 7 or 9 if it wants but they're worth more. Too clever by 25%!!! Which is half of half. Double the original offer and we're talking.
TEN Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
