muscleman Posted May 2, 2017 Share Posted May 2, 2017 CHTR Q1: http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9Mzc2MjU5fENoaWxkSUQ9LTF8VHlwZT0z&t=1&cb=636293131780142848 What do you guys think? The video addition last year turned into losses this year. Internet additions also decreased a bit. The revenue increase is just 4%. Link to comment Share on other sites More sharing options...
Liberty Posted May 7, 2017 Share Posted May 7, 2017 Wireless partnership for Comcast and Charter: https://www.wsj.com/articles/comcast-charter-to-strike-wireless-partnership-1494200087 Link to comment Share on other sites More sharing options...
Liberty Posted June 1, 2017 Share Posted June 1, 2017 Apparently Verizon tried to buy CHTR: http://nypost.com/2017/05/31/cable-giant-charter-snubbed-a-buyout-bid-from-verizon/ Verizon boss Lowell McAdam, his company facing slowing sales of mobile phones, made a proposal to acquire cable-TV giant Charter Communications in recent months, three sources told The Post. The offer — valued at between $350 and $400 a share, and well over $100 billion, according to two of the sources familiar with the move — was rejected by Liberty Media-controlled Charter because it was too low — and because Charter was not ready to sell. Link to comment Share on other sites More sharing options...
Liberty Posted June 29, 2017 Share Posted June 29, 2017 Interesting writeup about Charter and an indirect way to see how much buybacks they're doing on a monthly basis: http://www.yetanothervalueblog.com/2017/06/charter-levered-return-of-capital-story.html Link to comment Share on other sites More sharing options...
Liberty Posted July 27, 2017 Share Posted July 27, 2017 CHTR Q2: http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9Mzg0MzA1fENoaWxkSUQ9LTF8VHlwZT0z&t=1&cb=636367527732848674 Revenue 3.9% Y/Y, Adjusted EBITDA 8.6% Y/Y, net adds of 211K, repurchase of 11.2M CHTR shares, or equivalent, for $3.7B. Those $CHTR repurchases are at annual run rate of $14.8bn/year. On a $94bn market cap… Link to comment Share on other sites More sharing options...
muscleman Posted July 29, 2017 Share Posted July 29, 2017 https://www.thestreet.com/story/14248097/1/sprint-s-owner-proposes-merger-with-charter-communications.html?puc=CNBC&cm_ven=CNBC https://www.bloomberg.com/news/articles/2017-07-29/charter-is-said-to-rebuff-sprint-corp-s-merger-proposal Link to comment Share on other sites More sharing options...
Liberty Posted July 31, 2017 Share Posted July 31, 2017 Looks like there might be a direct offer from Softbank: https://www.bloomberg.com/news/articles/2017-07-31/softbank-s-son-is-said-to-plan-direct-offer-for-charter https://www.bloomberg.com/news/articles/2017-07-31/charter-has-no-interest-in-softbank-s-proposal-to-buy-sprint Link to comment Share on other sites More sharing options...
Liberty Posted July 31, 2017 Share Posted July 31, 2017 Not given up yet: https://www.cnbc.com/2017/07/31/softbank-hasnt-given-up-on-charter-yet-sources-say.html Link to comment Share on other sites More sharing options...
Liberty Posted August 9, 2017 Share Posted August 9, 2017 ;D https://www.cnbc.com/2017/08/09/altice-weighing-bid-for-charter-communications.html Link to comment Share on other sites More sharing options...
Gamecock-YT Posted August 9, 2017 Share Posted August 9, 2017 Are they serious in play or is this all nonsense? Seems to be too much smoke to just be conincidence. Link to comment Share on other sites More sharing options...
thefatbaboon Posted August 9, 2017 Share Posted August 9, 2017 If Charter owners wanted their equity to contain Altice they would make an offer and Drahi could become a shareholder alongside Malone, Newhouses, Buffett etc. If Charter owners wanted a massively levered equity they could do it without Drahi and still stay in control. So, if Altice wants to be in control and cash out the Charter owners they need to make a cash offer attractive and enough to pay all off everyones taxes - probably +$500. Don't see how Altice could open their mouth wide enough for a mainly cash offer at $150bn. Link to comment Share on other sites More sharing options...
Liberty Posted August 9, 2017 Share Posted August 9, 2017 Are they serious in play or is this all nonsense? Seems to be too much smoke to just be conincidence. I don't think Malone's really interested, but if someone is willing to grossly overpay, he'll look at it and might do it. Link to comment Share on other sites More sharing options...
Packer16 Posted August 9, 2017 Share Posted August 9, 2017 Remember he sold TCI to AT&T at nice multiple of EBITDA (12x I think). If someone is willing to offer a high enough multiple, the business is for sale. Packer Link to comment Share on other sites More sharing options...
dwy000 Posted August 9, 2017 Share Posted August 9, 2017 That's true. But he also very much regretted taking AT&T stock and watching it dissipate while he stood on the sidelines and couldn't do anything because of lockup. I would guess his price differs depending upon cash vs. Altice/Softbank stock. Link to comment Share on other sites More sharing options...
namo Posted August 9, 2017 Share Posted August 9, 2017 Except that if it's cash, he has to pay taxes, which he hates... So yes, it would have to be a *great* offer. Link to comment Share on other sites More sharing options...
TheAiGuy Posted August 10, 2017 Share Posted August 10, 2017 Are they serious in play or is this all nonsense? Seems to be too much smoke to just be conincidence. Seriously fucking hope not Link to comment Share on other sites More sharing options...
skanjete Posted August 10, 2017 Share Posted August 10, 2017 Remember he sold TCI to AT&T at nice multiple of EBITDA (12x I think). If someone is willing to offer a high enough multiple, the business is for sale. Packer There were other reasons for the sale of TCI as well, mainly the upcoming satellite competition (and lesser so the internet threat). This is well explained in "Cable Cowboy". But on top of that, Malone succeeded in extracting a very attractive price as well. It was perfectly executed, but afterwards he was stuck with a unsalable minority interest in ATT which stung him big time. So Malone was not only motivated by the price of the deal. I don't have the feeling he's in the same situation right now (as of yet). Link to comment Share on other sites More sharing options...
Liberty Posted September 6, 2017 Share Posted September 6, 2017 New rumors of an Altice bid ::) http://www.reuters.com/article/altice-loans/lpc-bankers-work-on-us70bn-debt-for-altice-charter-tie-up-idUSL8N1LN4NK Link to comment Share on other sites More sharing options...
Liberty Posted September 11, 2017 Share Posted September 11, 2017 CHTR raising new debt and increasing its buyback authorization to $6.4bn: http://ir.charter.com/phoenix.zhtml?c=112298&p=irol-newsArticle&ID=2299699 Link to comment Share on other sites More sharing options...
Liberty Posted September 13, 2017 Share Posted September 13, 2017 https://seekingalpha.com/article/4106337-charter-communications-chtr-ceo-tom-rutledge-goldman-sachs-communacopia-brokers-conference?part=single Link to comment Share on other sites More sharing options...
Liberty Posted September 14, 2017 Share Posted September 14, 2017 https://www.bloomberg.com/news/articles/2017-09-14/it-s-official-verizon-has-moved-on-from-possible-cable-tie-up Translation is probably that they approached CHTR and Malone said "no". Link to comment Share on other sites More sharing options...
Liberty Posted October 2, 2017 Share Posted October 2, 2017 http://www.yetanothervalueblog.com/2017/10/still-bullish-on-charter-chtr.html Link to comment Share on other sites More sharing options...
Liberty Posted October 6, 2017 Share Posted October 6, 2017 http://www.yetanothervalueblog.com/2017/10/cord-cutting-and-other-cable-risks-chtr.html Link to comment Share on other sites More sharing options...
Liberty Posted October 26, 2017 Share Posted October 26, 2017 CHTR Q3: http://ir.charter.com/phoenix.zhtml?c=112298&p=irol-newsArticle&ID=2311569 Key highlights: Third quarter total customer relationships increased 212,000, compared to 275,000 during the third quarter of 2016, when excluding the impact of customer activity related to Legacy Bright House's seasonal customer plan in 2016.2 Third quarter total residential and SMB primary service units ("PSUs") increased by 257,000, while third quarter 2016 PSUs grew by 395,000, when adjusted for the seasonal customer program changes at Legacy Bright House. Third quarter revenues of $10.5 billion grew 4.2%, as compared to the prior year period, driven by residential revenue growth of 4.4% and commercial revenue growth of 8.0%, partly offset by a decline in advertising revenue of 11.1%, due to lower political revenue. Third quarter Adjusted EBITDA3 of $3.8 billion grew 5.0% year-over-year, and 4.7% when excluding transition costs. Net income attributable to Charter shareholders in the third quarter declined to $48 million from $189 million during the same period last year. The decline was driven by an increase in depreciation and amortization in the third quarter of 2017, partly offset by a year-over-year increase in Adjusted EBITDA. Third quarter capital expenditures totaled $2.4 billion, and $2.3 billion when excluding transition capital expenditures. During the third quarter, Charter purchased approximately 10.9 million shares of Charter Class A common stock and Charter Holdings common units for approximately $4.0 billion. Link to comment Share on other sites More sharing options...
Gamecock-YT Posted November 2, 2017 Share Posted November 2, 2017 Here we go again http://nypost.com/2017/11/01/softbank-definitely-in-talks-with-charter-about-merger/ SoftBank ‘definitely’ in talks with Charter about merger Link to comment Share on other sites More sharing options...
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