Virgin Media Inc shares soaring
 

Anyone else noticed that they are up more than 31% today?

http://newsvote.bbc.co.uk/1/shared/f...54/default.stm

So, what's the good news?

Re: Virgin Media Inc shares soaring
 

50Mb release soon more HD Channels next year

Re: Virgin Media Inc shares soaring
 

The NASDAQ itself is up almost 10% today, and there are other big winners as well - Comcast are up almost 25%. I suspect the increase is in line with the market, and more specifically in line with VMI's sector of it.

If they were putting on 31% while everyone else was languishing, well that might indicate it was something to do with VMI itself.

Re: Virgin Media Inc shares soaring
 

it didnt last long though...
http://newsvote.bbc.co.uk/1/shared/f...54/default.stm

VM down again:
price change https://www.cableforum.co.uk/images/local/2009/08/2.gif% 52 wk-h 52 wk-l
https://www.cableforum.co.uk/images/local/2009/08/2.gif
4.88 0.38 https://www.cableforum.co.uk/images/local/2008/10/6.gif7.24 https://www.cableforum.co.uk/images/local/2008/10/6.gif22.11 3.99
https://www.cableforum.co.uk/images/local/2008/10/5.jpg

http://newsvote.bbc.co.uk/1/shared/f...50/default.stm
comcast down again but better than earlyer 14.00 today:
price change % https://www.cableforum.co.uk/images/local/2009/08/2.gif 52 wk-h 52 wk-l
https://www.cableforum.co.uk/images/local/2009/08/2.gif
15.70 1.26 https://www.cableforum.co.uk/images/local/2008/10/6.gif7.43 https://www.cableforum.co.uk/images/local/2008/10/6.gif22.72 13.07

https://www.cableforum.co.uk/images/local/2008/10/6.jpg

Re: Virgin Media Inc shares soaring
 

the only was is up baby *sings*

Re: Virgin Media Inc shares soaring
 

Considering the shares hit an all time low this week putting a value on the entire company lower than the price ntl:Telewest paid for Virgin Mobile you'd hope that they'll be picking back up.

The shares have been horribly volatile and lost 84% of their value in the past year before picking up this week and gone as far as 88% below their peak value. They've also had their future prospects downgraded a few times.

They'll definitely go up, however one can't help but feel that if a suitor can obtain the necessary credit VM are very vulnerable to a takeover, especially as they've no real cash or prospect of a share buyback to make themselves more resilient. A cable company passing 12 million homes potentially obtainable for less than £7 billion, including assumed debt? Absolute bargain, especially considering that a sale of the network assets and rental of it back would immediately recover that value back for a purchaser.

Re: Virgin Media Inc shares soaring
 

utter,utter,utter rubbish that is the exact buisness model that barckley knapp followed it dosnt work!!

Re: Virgin Media Inc shares soaring
 

It's also a favourite model for the Virgin Group, just as a point of interest...

Re: Virgin Media Inc shares soaring
 

Shares in VM have been on a fairly steady rise since its dip below $4US, but its a long way off from where it wants to be, and technically ripe for the picking if there's a consortium out there with bucks to burn........but then, in this current economic climate, who'd bother?

Re: Virgin Media Inc shares soaring
 

Is it? Knapp as far as I can tell never considered selling network assets at any point.

It would work perfectly from a suitor's point of view. Buy company, secure use of network, flog network, any other money made from retail services with company is clear profit, debt and acquisition costs paid.

Barclay had building a cable and media empire in mind, sadly he dramatically underestimated Sky and considered that cable would be, as in the US, the de facto choice for TV.

Re: Virgin Media Inc shares soaring
 

who sold the broadcast division then?