Adeplhia Sale

[aspdd watsrr]

It looks like the Huffs are starting to sell their investments in Cable see http://www.adelphia.com/pdf/Adelphia...ease_FINAL.pdf they invested in Adelphia in the US after Adelphia went bankrupt in June 2002.The Huffs are second larges investors in NTL and have significant investments in TeleWest. As step along the way was this http://www.gigaom.com/2005/02/02/battle-for-adelphia/
Who next??

[fireman328]

Originally Posted by aspdd watsrr

It looks like the Huffs are starting to sell their investments in Cable see http://www.adelphia.com/pdf/Adelphia...ease_FINAL.pdf they invested in Adelphia in the US after Adelphia went bankrupt in June 2002.The Huffs are second larges investors in NTL and have significant investments in TeleWest. As step along the way was this http://www.gigaom.com/2005/02/02/battle-for-adelphia/
Who next??

Have I suffered some kind of of breakdown or does this actually mean anything ?

[Ignition]

Old news, Adelphia have been on the market for an age.

The Huffs are actually the biggest holder of shares in both ntl and Telewest.

Adelphia was sold because other companies wanted it, and were willing to pay a big enough premium to make it worth selling.

Don't be confused, the Huff bros aren't interested in cable per se, beyond their ability to make money from it, that's what hedge funds do.

If an opportunity for them to profitably sell ntl / Telewest comes up they'll tear your arm off taking it. These guys exist to pick up companies as cheaply as possible then sell them for as high a price as possible and nothing else. Any involvement and seats they have on the board of directors are protecting the investment, not an interest in the business beyond its' financial performance.

[aspdd watsrr]

Originally Posted by Ignition

Old news, Adelphia have been on the market for an age.

i did not see it here so i posted old to you does not mean old to evryone

Originally Posted by Ignition

The Huffs are actually the biggest holder of shares in both ntl and Telewest.

Ok I read this on ntl site http://www.ntl.com/locales/gb/en/inv...%201446T03.PDF

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
To be Held on May 6, 2004

page 47 of the pdf marked page 43

FMR Corp.(2) . . . . . 12,941,765 68,006 13,009,771 15.0%

W.R. Huff Asset Management Co., L.L.C.(3) . . . . .11,221,589 †” 11,221,589 12.9%

[Ignition]

Originally Posted by aspdd watsrr

i did not see it here so i posted old to you does not mean old to evryone


Ok I read this on ntl site http://www.ntl.com/locales/gb/en/inv...%201446T03.PDF

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
To be Held on May 6, 2004

page 47 of the pdf marked page 43

FMR Corp.(2) . . . . . 12,941,765 68,006 13,009,771 15.0%

W.R. Huff Asset Management Co., L.L.C.(3) . . . . .11,221,589 †” 11,221,589 12.9%

Yup now add that to W R Huff's personal holding....

Infact I've posted on this already, slightly out of date but pretty accurate:

NTL Inc

WR Huff Personal Holding 11,077,692 12.64%

WR Huff Asset Management Holding 10,448,530 11.92%

W R Huff total assets in NTL Inc = 21,526,222 shares = 24.56% of share capital.

FMR Corporation (Fidelity Management & Research Corp) 10,846,817 12.37%
Fidelity International Ltd (Bermuda) 2,169,814 2.48%

Fidelity Corp / Int Ltd NTL Inc holding = 13,016,631 shares, 14.85% of share capital

Taken from http://www.cableforum.co.uk/board/sh...6&postcount=19

This is slightly incorrect as a few small sales have taken place but certainly not enough to alter the differences between the two, that PDF doesn't mention the 11 million shares that are personally owned by Mr Huff.

Actually I stand corrected, it's more accurate than your over a year old stuff as my info comes from SCC filings that are a little more than 6 months old.