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Originally Posted by ianathuth
I wouldn't get too carried away with what seems at first glance to be the death knell for NTL. Don't forget that the bondholders have an immense amount of finance invested in the company and will not sit calmly back and watch it all go down the drain. NTLI shares are trading at just under $69 and rising. Reuters give it a very low risk grade http://investing.reuters.co.uk/Stock...boutRiskGrades |
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Shareholders wont give a rats ass if ntl go down (the major ones who are rich) like all failing companies they will pull out just before it crashes leaving it without a spine. Out of interest say someone who owns 10% of ntl how much would they have pocketed from that division NTL sold recently?
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I think everyones getting a bit carried away here. Who suggested ntl was going under???
ntl is still generating very good revenues.
It would appear that there have been 2 cock ups recently that have had 2 impacts.
1. the Met Police Contract = current redundancy program
2. field operations reporting = current overtime ban
The company is trying to save as much cash as possible because of the above. Which is prudent so that they "don't" end up the financial creek.