Thread: Telewest shares!!
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Old 16-06-2006, 00:52   #3
James Henry
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Re: Telewest shares!!
The reason the Telewest stock went so cheap was because 98% or so was being wiped out by a debt for equity swap so it was priced into the stock.

You'd have made nothing from the debt for equity swap. You'd have received like 1 new share for every 49 old ones (can't remember the exact figure I think 98% is generous if anything could have been even worse for shareholders) so that stuff is a bit inaccurate.

Telewest stock following the equity swap never went that low.

The other minor issue is of course that Telewest stocks aren't traded anymore. TLWT was rolled into NTLI on 3rd April.
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