Author Topic: CTL - CenturyLink  (Read 33388 times)

Valuehalla

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Re: CTL - CenturyLink
« Reply #130 on: November 22, 2017, 02:23:21 PM »
FCC Ajit Pai concerning net neutrality:

https://www.tellusventure.com/downloads/fcc/2017/fcc_press_release_title_ii_21nov2017.pdf

https://www.tellusventure.com/downloads/fcc/2017/fcc_draft_order_title_ii_22nov2017.pdf


Steve Blum:

"The Federal Communications Commission’s draft common carrier order is an unconditional surrender to the demands and desires of big cable and telephone companies."

https://www.tellusventure.com/blog/the-dingo-is-in-the-details-as-fcc-reverses-common-carrier-decision-preempts-state-broadband-laws/
« Last Edit: November 25, 2017, 07:56:32 AM by Valuehalla »
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Valuehalla

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Re: CTL - CenturyLink
« Reply #131 on: November 23, 2017, 04:28:41 AM »
In the LVLT thread, LVLT was said to be the lowest cost provider.  What gives them that advantage?

I have no further information about it.

From the side of the balance sheet, the EBITDA margin of LVLT was increasing during the last years, now 36,5 % of total revenue. The EBITDA margin of CTL was shrinking in 2016 and 2017, now 34,6 % (in 2014 and 2015 always around 38 %)
« Last Edit: November 23, 2017, 04:34:42 AM by Valuehalla »
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Valuehalla

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Re: CTL - CenturyLink
« Reply #132 on: December 05, 2017, 07:54:19 AM »
Story and Patel were on a UBS conference yesterday:

- confirmed the dividend
- taxreform is positiv for CTL
- positive outlook concerning profitability of revenue & synergies
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Valuehalla

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Re: CTL - CenturyLink
« Reply #133 on: December 07, 2017, 08:43:54 AM »
CTLs Conclusion of spcial commitee investigation:
http://ir.centurylink.com/Cache/391376197.pdf


The Lawsuit of Minnesota’s attorney general, Lori Swanson:
https://www.dslreports.com/r0/download/2324271~dc03044c279e65ddf233a11e334209f5/Lawsuit.pdf
« Last Edit: December 08, 2017, 05:42:02 PM by Valuehalla »
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Valuehalla

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Re: CTL - CenturyLink
« Reply #134 on: December 08, 2017, 05:36:17 PM »
Mason Hawkins  (CEO Southeastern Asset Management) activity in Q3 2017 concerning LVLT:

Shares hold on 29.09.2017

Longleaf Partners Fund                             increased   = + ? %          (end of Q2=  5.958.138)
Southeastern Asset Management Inc       27.783.714  = +2,16 %         (end of Q2= 27.194.043)
Longleaf Partners Smallcap Funds             5.717.590  =  +/- 0 %         (end of Q2=  5.717.590)

The mentioned "vehicles" accumulate app. ? % of LVLT at the end of Q3 2017

"Level 3 Communications (-10%,-1.08), the global fiber and
integrated communications network company, was the only
notable detractor from the Fund’s return in the quarter. The
size of the position magnified the impact of the stock’s decline.
We maintained a 10% weight and added in the quarter in
anticipation of the close of CenturyLink’s (CTL) purchase
of the company. Because we will receive approximately
half of the transaction in cash, the combined company will
become a more normal 5% position. In the quarter, Level
3’s price reflected concerns about final deal approvals and a
potential CTL dividend cut post-deal (as inferior competitors
have cut dividends this year). On the first day of the fourth
quarter, the Department of Justice gave a key approval to
the merger. The prospective cash flow from the combination
with Level 3 should easily cover CTL’s current dividend which
was otherwise in question given its declining legacy land
line business. The dividend is irrelevant to the company’s
underlying value and has taken on undue importance in
this environment of intense yield chasing. We anticipate
that the deal will close and believe the new CTL will be the
preeminent global fiber network solutions company with an
extraordinarily capable management team, including Level 3
CEO Jeff Storey"

See page 2
http://longleafpartners.com/sites/default/files/categories/Documents/3Q17-Longleaf-Partners-Quarterly-Summary-Report-All-Funds.pdf
« Last Edit: December 09, 2017, 07:06:05 AM by Valuehalla »
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globalfinancepartners

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Re: CTL - CenturyLink
« Reply #135 on: December 09, 2017, 06:30:52 AM »
Well there you go, looks like CTL folks talked this over and decided to coordinate a big cluster of insider purchases on December 8th to show they believe their stock is attractive ->

https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0000018926

longinvestor

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Re: CTL - CenturyLink
« Reply #136 on: December 09, 2017, 07:57:33 PM »
Well there you go, looks like CTL folks talked this over and decided to coordinate a big cluster of insider purchases on December 8th to show they believe their stock is attractive ->

https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0000018926

That's the news of two decades. One of the biggest abuses at erstwhile LVLT was egregious handing out of stock and in my recollection, management never bought a single share with their own money. I've lived with that. Great to see a different behavior now.

Valuehalla

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Re: CTL - CenturyLink
« Reply #137 on: December 10, 2017, 03:46:33 AM »
8 insiders acquired in total 202.500 shares on 8th Dec 2017 (app. 3 M $)

The anker investors Mason Hawkins (Longleaf Partners) and Keith Meister (Corvex) also increased their positions during the last few month, as noted here in the blog above.
« Last Edit: December 10, 2017, 03:49:54 AM by Valuehalla »
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Valuehalla

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Re: CTL - CenturyLink
« Reply #138 on: December 11, 2017, 05:48:00 AM »
Net Neutrality, important aspect for CTLs legacy consumer business:

https://www.tellusventure.com/blog/end-of-net-neutrality-means-more-corporate-control-of-central-coast-media-and-speech/

"The market, at best, is a duopoly collapsing into a monopoly – Comcast and Charter Communications account for 48% of U.S. wireline (and fixed wireless) broadband subscribers, and their share is growing. The next three biggest ISPs – AT&T, Verizon and CenturyLink – muster only a 28% market share, but that’s enough to put more than three-quarters of U.S. broadband subscribers in the hands of just five companies."
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Valuehalla

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Re: CTL - CenturyLink
« Reply #139 on: December 12, 2017, 06:04:53 AM »
GREAT NEWS:
CTL just published SEC 13G filing about Mason Hawkins  (CEO Southeastern Asset Management):


http://ofchq.snl.com/cache/391424670.PDF

He is holding since last Friday 8th Dec 2017 

71.604.936 shares, which is 6,7 % of all outstanding CTL shares. Thats app. 1 B$ today

This means he increased his holdings massiv in comparison to the number of CTL shares he received for his LVLT shares because of the acquisition.

Holdings by his Funds:
Longleaf Partners Fund - 15,961,137                 
Longleaf Partners Small-Cap Fund - 14,779,941
Longleaf Partners Global Fund - 1,123,152
« Last Edit: December 14, 2017, 07:35:25 AM by Valuehalla »
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