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

TEN

0.00%

16.0¢ ten network holdings limited

Trippa your post is spot on and hope 17,000 shareholders give...

First 17 Last

Share
Profile

Follow
deanno14

306 Posts.

3

20/09/17

17:13

Post #: 27349074
Share

Originally posted by trippa99 ↑

How about bring it back out of VA given the only reason it is in VA is due to Murdoch and Gordon forcing directors hand by taking away access to funds that were available. If not for the letter they sent threatening the ceo, there was no other reason for it to be in VA so we are talking about shareholders losing all value due to a deliberate act to enable a takeover for next to nothing.

I have never before seen a VA where it is considered business as usual except for the fact shareholders will lose everything.

So many unanswered questions. I am glad ASIC are involved querying non-disclosures by TEN and also arranging a second Administrator to double check on Korda who has question marks around what was known given he was in there nearly 4 mths beforehand doing work.

I believe smaller shareholders got screwed due to greed by the larger holders but note this looks like a WIP from many years back. The historic tax losses and held franking credits offers over $400 million in value on their own and for the buyer to get these benefits along with 4 free television licences that are rare commodities that will make lots of money if managed properly. Tens debt is nominal compared to Seven and Nine and it looks like achieving savings beyond $70 million per annum which would turn around its nominal loss and make it a strong gain.

If they manage to get it, they will probably dress it up and on-sell back to the public for over $1 billion (AKA Channel 9) and will have lots of tax offsets to not pay a cent of tax on the gain. They will talk about how it has been fixed when it is merely a case of it no longer getting hacked to pieces.

Ten group is a very attractive asset and CBS/Murdoch-Gordon are effectively getting it for free and I dont think it matters which one gets it as they are working in unison to screw us and pretending they are competitors trying to save the company (give me a break). Some here may not realise but owner/controller of CBS is older brother of Bruce Gordon.

Klue may be happy to give his equity to the wealthy but I am not happy how this has all eventuated by making out some crisis that does not exist in order to strip our wealth to give to the rich.

Expand

Trippa your post is spot on and hope 17,000 shareholders give you the thumbs up.

TEN Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

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

CVB

Monash tests show strong cardioprotective qualities for Algorae drug candidate

WC8

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

There are more pages in this discussion • 19 more messages in this thread...

First 17 Last

Add TEN (ASX) to my watchlist

Trippa your post is spot on and hope 17,000 shareholders give...

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

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

Monash tests show strong cardioprotective qualities for Algorae drug candidate

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