Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Liberty Global Plc    LBTYA   GB00B8W67662

LIBERTY GLOBAL PLC

(LBTYA)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Sunrise presents fairness opinion supporting UPC valuation

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/03/2019 | 02:39pm EDT

ZURICH (Reuters) - Sunrise Communications said on Tuesday it had received a new fairness opinion supporting the valuation of Liberty Global's Swiss UPC business that Sunrise wants to acquire, as it seeks to secure shareholder support for the deal.

The transaction is facing opposition from its top shareholder Freenet. Sources told Reuters last week that at least two other big investors were also against the 6.3 billion Swiss franc (5.3 billion pounds) deal.

"ValueTrust has reviewed the key performance indicators and financial projections of UPC Switzerland, its current trading as well as synergies emerging from the combination of UPC Switzerland and Sunrise," Sunrise said in a statement.

The Swiss telecoms firm said ValueTrust supported the financial terms of the transaction and standalone valuation of UPC Switzerland.

"Adjusted for cost and capex run-rate synergies, the operating free cash flow multiple based on the acquisition value of 6.3 billion Swiss francs (5.3 billion pounds) is 10.2 times for 2018 and 12.5 times for 2019, which are below the current trading levels of key listed peers," Sunrise said.

Sunrise said it would publish the full fairness opinion along with the invitation to the extraordinary shareholder meeting for investors to vote on the capital hike to help finance the deal that Freenet opposes.

(Reporting by Silke Koltrowitz; Editing by Edmund Blair)

Stocks mentioned in the article
ChangeLast1st jan.
FREENET GROUP 0.54% 20.47 Delayed Quote.20.80%
LIBERTY GLOBAL PLC 1.42% 24.27 Delayed Quote.12.14%
SUNRISE COMMUNICATIONS GROUP -1.19% 78.6 Delayed Quote.-7.98%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LIBERTY GLOBAL PLC
10/22Investor revolt torpedoes Swiss Sunrise's $6.4 billion Liberty Global deal
RE
10/22Investor revolt torpedoes Swiss Sunrise's $6.4 billion Liberty Global deal
RE
10/22LIBERTY GLOBAL : The UK's Fastest Gigabit Broadband Arrives In ManchesterGig1 of..
PU
10/22Liberty Global's CHF6.3 Billion Deal to Sell Swiss Operations to Sunrise Falt..
DJ
10/22LIBERTY GLOBAL : Supports Cancellation of Sunrise EGM
BU
10/15Sunrise shareholder Canada Pension Plan Investment Board backs $2.8 billion c..
RE
10/14Liberty Global backs Sunrise deal to tune of $500 million
RE
10/14Freenet still rejects Sunrise deal despite Liberty Global offer
RE
10/14European Corporate Roundup for Monday
DJ
10/14Liberty Global to Take Stake in Sunrise Communications in Switzerland Deal
DJ
More news
Financials (USD)
Sales 2019 11 549 M
EBIT 2019 834 M
Net income 2019 -233 M
Debt 2019 15 967 M
Yield 2019 -
P/E ratio 2019 -108x
P/E ratio 2020 -113x
EV / Sales2019 2,87x
EV / Sales2020 3,40x
Capitalization 17 224 M
Chart LIBERTY GLOBAL PLC
Duration : Period :
Liberty Global Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LIBERTY GLOBAL PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 28,43  $
Last Close Price 24,27  $
Spread / Highest target 48,3%
Spread / Average Target 17,1%
Spread / Lowest Target -18,0%
EPS Revisions
Managers
NameTitle
Michael Thomas Fries Chief Executive Officer
John C. Malone Chairman
Joost Baptiest P. Coopmans Senior Vice President-Operations
Charles Henry Rowland Bracken Chief Financial Officer & Executive Vice President
Enrique Rodríguez Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
LIBERTY GLOBAL PLC12.14%16 985
CHARTER COMMUNICATIONS, INC.53.43%96 837
LIBERTY BROADBAND CORPORATION53.14%19 961
DISH NETWORK CORPORATION39.89%17 311
CABLE ONE, INC.57.56%7 368
CYFROWY POLSAT S.A.24.35%4 652