SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : UCOMA UnitedGlobalCom -- Ignore unavailable to you. Want to Upgrade?


To: TraderXx who wrote (3)1/27/1999 12:51:00 AM
From: steve host  Read Replies (1) | Respond to of 489
 
WOW - MORE NEWS HAS COME OUT ABOUT THE MSFT ALLIANCE - I revise upward my estimated worth of this company based on the following:- It is becoming very apparent that UPC will be the ATHM of Europe - MSFT gives details of what they have in store for it's partnership - I doubt there will be profit taking for awhile on this issue. This is why - ATHM value = 13.4 billion. After IPO UPC will be well undervalued at about 3.5 billion at the IPO price - looks like a lot of room for UPC and therefore UIHIA's investment to grow. Not to mention the 1.25 billion in cash that UIHIA will be flush with from the offering.

Am I missing something here? you have $42per UIHIA share coming in from the IPO - $22 in debt = $20 in cash from the offering (after debt) and then you still have their 63% ownership stake in UPC after the IPO which would be valued at $74 per UIHIA share (77m x 30 IPO price div by 31m shares outstanding) which would give us a $94 stock value not taking into account any other subsidiary of UIHIA (asia etc) and assuming that UPC stays at an IPO price of $30, if that is increased then you have more cash into UIHIA or if the IPO takes off as it probably will then this value shoots up. Please tell me what I am missing here - is this the deal of the century or what?

Oh yeah, almost forgot here is the NEWS item which should make the IPO HOT !

biz.yahoo.com



To: TraderXx who wrote (3)1/27/1999 3:25:00 PM
From: Mad2  Respond to of 489
 
Copyright 1999 AFP-Extel News Limited
AFX News

January 27, 1999, Wednesday - 11:21 Eastern Time

SECTION: Markets; Stocks; Company News; Financings

LENGTH: 163 words

HEADLINE: UIH unit UPC sees no div payouts after listing; NUON unlikely to take stake

BODY:
AMSTERDAM (AFX) - United International Holdings Corp unit United Pan-Europe
Communications is not planning to pay out stock dividends in the coming years,
according to chief executive officer Mark Schneider and chief financial officer
Tim Bryan.
Speaking at a roadshow ahead of the company's planned bourse launch in
Amsterdam and the U.S., they said any profits will be reinvested in the company,
which is "very normal" in the cable business.
Shareholders will make their profit on the rise in UPC's share price, Bryan
said.
The CFO also said that it now seems unlikely that Dutch utility company NUON
will take a stake in the company, and could opt for payment in cash for its
stake in United Telekabel.
As stated previously, Microsoft Corp is still planning to take a stake in
the company and 7.5 pct of the IPO has been reserved for the company for 300 mln
usd, Bryan said.
gp/nma