merkhet Posted January 14, 2015 Share Posted January 14, 2015 It's the same on my end as .EX and .OS -- which I think is different than it used to be? (LBDKR, if I remember correctly.) Link to comment Share on other sites More sharing options...
Liberty Posted January 14, 2015 Author Share Posted January 14, 2015 It's the same on my end as .EX and .OS -- which I think is different than it used to be? (LBDKR, if I remember correctly.) Ok. These are just placeholders, with money set aside, for the execution of the rights and the oversubscription that you asked for. Not sure when the real shares will show up. If anyone knows, please let me know. Thanks. Link to comment Share on other sites More sharing options...
buylowersellhigh Posted January 14, 2015 Share Posted January 14, 2015 Liberty, According to Fidelity, it is 5-10 business days after the day of exercise. It's the same on my end as .EX and .OS -- which I think is different than it used to be? (LBDKR, if I remember correctly.) Ok. These are just placeholders, with money set aside, for the execution of the rights and the oversubscription that you asked for. Not sure when the real shares will show up. If anyone knows, please let me know. Thanks. Link to comment Share on other sites More sharing options...
Liberty Posted January 14, 2015 Author Share Posted January 14, 2015 Liberty, According to Fidelity, it is 5-10 business days after the day of exercise. Thank you. Link to comment Share on other sites More sharing options...
Liberty Posted January 17, 2015 Author Share Posted January 17, 2015 http://www.businesswire.com/news/home/20150116005985/en/Liberty-Broadband-Corp.-Announces-Completion-Rights-Offering Link to comment Share on other sites More sharing options...
ItsAValueTrap Posted January 17, 2015 Share Posted January 17, 2015 http://www.businesswire.com/news/home/20150116005985/en/Liberty-Broadband-Corp.-Announces-Completion-Rights-Offering Apparently 2% of people didn't exercise their rights. I figured it would be lower. Approximately 98% of the shares to be issued as a result of the rights offering were subscribed for pursuant to validly exercised basic subscription privileges. Link to comment Share on other sites More sharing options...
merkhet Posted January 20, 2015 Share Posted January 20, 2015 Got my LBRDK shares in IB today. Not sure when I'll get them in TDAmeritrade. EDIT: Just got my shares in TDAmeritrade as well. Link to comment Share on other sites More sharing options...
benchmark Posted January 21, 2015 Share Posted January 21, 2015 Got my LBRDK shares in IB today. Not sure when I'll get them in TDAmeritrade. EDIT: Just got my shares in TDAmeritrade as well. Got mine at TDAmeritrade, and 3 oversubscribed shares :) Link to comment Share on other sites More sharing options...
Liberty Posted January 21, 2015 Author Share Posted January 21, 2015 Got my LBRDK shares in IB today. Not sure when I'll get them in TDAmeritrade. EDIT: Just got my shares in TDAmeritrade as well. Got mine at TDAmeritrade, and 3 oversubscribed shares :) I did too, at IB Canada. Link to comment Share on other sites More sharing options...
racemize Posted January 21, 2015 Share Posted January 21, 2015 I'm trying to update my cost basis, but I'm having trouble finding the price paid for conversion--what was the final price used for the rights? Link to comment Share on other sites More sharing options...
merkhet Posted January 21, 2015 Share Posted January 21, 2015 I'm trying to update my cost basis, but I'm having trouble finding the price paid for conversion--what was the final price used for the rights? I think $40.36. Link to comment Share on other sites More sharing options...
Liberty Posted January 21, 2015 Author Share Posted January 21, 2015 Ok, so now Malone and Maffei have a bunch of cash on hand at LBRDA. I can't wait to see what they'll do with it 8) Link to comment Share on other sites More sharing options...
Liberty Posted January 22, 2015 Author Share Posted January 22, 2015 VIC writeup on CHTR: http://www.valueinvestorsclub.com/idea/CHARTER_COMMUNICATIONS_INC/135932 (thanks Jay) Link to comment Share on other sites More sharing options...
Picasso Posted January 22, 2015 Share Posted January 22, 2015 Probably one of the weakest VIC writeups I have ever seen. It doesn't even say how he/she gets to $30 of earnings. Link to comment Share on other sites More sharing options...
Liberty Posted January 22, 2015 Author Share Posted January 22, 2015 Yeah, there's not much in there. I was posting it so people can see for themselves, not saying it's great. Link to comment Share on other sites More sharing options...
Jurgis Posted January 22, 2015 Share Posted January 22, 2015 Ok, so now Malone and Maffei have a bunch of cash on hand at LBRDA. I can't wait to see what they'll do with it 8) OK, the cash is in the wrong company ;), but I suggest that Malone & co. start merging content companies to build size and bargaining power. DISCA + STRZA would be the first two candidates. If no one on the outside wants to buy STRZA, why not merge it into DISCA to build size? AMCX could be another candidate. :) Link to comment Share on other sites More sharing options...
Liberty Posted January 22, 2015 Author Share Posted January 22, 2015 Ok, so now Malone and Maffei have a bunch of cash on hand at LBRDA. I can't wait to see what they'll do with it 8) OK, the cash is in the wrong company ;), but I suggest that Malone & co. start merging content companies to build size and bargaining power. DISCA + STRZA would be the first two candidates. If no one on the outside wants to buy STRZA, why not merge it into DISCA to build size? AMCX could be another candidate. :) Pretty sure that cash will be useful when CHTR/LBRDA start consolidating the rest of the US cable business now that Comcast is as big as it can get for antitrust reasons (or if the TWC deal falls through, CHTR+LBRDA will start pursuing it again). But that's the obvious stuff. These guys usually throw in a few curve balls. I wonder what these could be... Link to comment Share on other sites More sharing options...
Liberty Posted January 28, 2015 Author Share Posted January 28, 2015 Quick hit of Maffei on CNBC: http://www.cnbc.com/id/102375304 I'm guessing he was on the show for a while. If anyone can find the full video or transcript, I'd appreciate it. Thanks. Link to comment Share on other sites More sharing options...
loganc Posted January 30, 2015 Share Posted January 30, 2015 http://www.bloomberg.com/news/articles/2015-01-30/comcast-s-time-warner-cable-bid-set-back-by-new-broadband-speeds?hootPostID=b96a61af4113f9407c6ce325aada7f93 Interesting development. I am not sure that the media coverage accounts for the planned divestiture to CHTR and SpinCo, but a news item like this certainly doesn't give me any additional confidence in the deal closing. Link to comment Share on other sites More sharing options...
Guest wellmont Posted January 30, 2015 Share Posted January 30, 2015 anybody monitoring the discount here to charter? is it notable? thanks. Link to comment Share on other sites More sharing options...
ItsAValueTrap Posted January 30, 2015 Share Posted January 30, 2015 anybody monitoring the discount here to charter? is it notable? thanks. I use Google Docs / spreadsheets to estimate the discount. https://glennchan.wordpress.com/2014/11/05/lmca-and-lbrda-valuation-spreadsheets/ Link to comment Share on other sites More sharing options...
Guest wellmont Posted January 30, 2015 Share Posted January 30, 2015 thank you! Link to comment Share on other sites More sharing options...
Liberty Posted February 4, 2015 Author Share Posted February 4, 2015 I'm assuming Wheeler is on TV somewhere. CHTR just went vertical for a moment. Update: http://www.nytimes.com/2015/02/05/technology/fcc-wheeler-net-neutrality.html Wheeler's op-ed: http://www.wired.com/2015/02/fcc-chairman-wheeler-net-neutrality Link to comment Share on other sites More sharing options...
Liberty Posted February 4, 2015 Author Share Posted February 4, 2015 Wheeler wrote: That is why I am proposing that the FCC use its Title II authority to implement and enforce open internet protections. Using this authority, I am submitting to my colleagues the strongest open internet protections ever proposed by the FCC. These enforceable, bright-line rules will ban paid prioritization, and the blocking and throttling of lawful content and services. I propose to fully apply—for the first time ever—those bright-line rules to mobile broadband. My proposal assures the rights of internet users to go where they want, when they want, and the rights of innovators to introduce new products without asking anyone’s permission. All of this can be accomplished while encouraging investment in broadband networks. To preserve incentives for broadband operators to invest in their networks, my proposal will modernize Title II, tailoring it for the 21st century, in order to provide returns necessary to construct competitive networks. For example, there will be no rate regulation, no tariffs, no last-mile unbundling. Over the last 21 years, the wireless industry has invested almost $300 billion under similar rules, proving that modernized Title II regulation can encourage investment and competition. Pretty sure Malone is smiling. Link to comment Share on other sites More sharing options...
Liberty Posted February 5, 2015 Author Share Posted February 5, 2015 http://phx.corporate-ir.net/phoenix.zhtml?c=112298&p=irol-newsArticle&ID=2014001 Key highlights: During the fourth quarter, Charter completed its all-digital initiative and the rollout of Charter Spectrum, the Company's new and more advanced product suite. Fourth quarter revenues of $2.4 billion grew 9.9%1 as compared to the prior-year period, driven by residential revenue growth of 8.3%, commercial revenue growth of 16.1% and advertising revenue growth of 28.9%. Fourth quarter Adjusted EBITDA2 grew by 10.5% year-over-year. Residential customer relationships increased by 73,000 during the fourth quarter and have grown by 5.0%, or 280,000, since the end of 2013. Residential primary service units ("PSUs") increased by 157,000 during the fourth quarter. In 2014, Charter added 532,000 total residential PSUs versus a pro forma3 gain of 415,000 in 2013, with 2014 residential video customer losses declining to 17,000 from 109,000 in 2013. Full year 2014 revenues and Adjusted EBITDA each rose 8.2% on a pro forma basis, with capital expenditures totaling $2.2 billion. If anyone wants the audio of the call: https://www.dropbox.com/s/gg42q2kfh0621v3/2014-Q4-CHTR-cc.m4a?dl=0 Update: I liked this slide posted by Bluegrass Cap: Here's the source: http://www.mediaredefined.com/the-digital-future-of-tv-netwo-968095512.html Link to comment Share on other sites More sharing options...
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