SNSN schreef op 16 september 2013 14:33:
[...]
Hi The Head,
You probably know that CS is "locked" with his ~1/3 of kpn (he can't get out, and can't really buy the rest)..... So, we see exactly what we see...., and that is what he (really) does.
Everybody (CS as well) knows well that the prob is high that the reg. will block any 100% takeover anyway..... Again, the "fair value" for "new kpn"is around ~4 (CS knows this), and a large number/volume is sitting still at > 3.....(so, to really "buy" - he should really "pay"....)
On the other hand, any (positive) "impact" of new financials, 4g, e-plus, etc. may be expected not earlier than H2 (may be Q3?)..... so, the time is crucial.
Thus, we observe a tactical play (even "fight") for a fair evaluation of kpn