Author Topic: CTL - CenturyLink  (Read 97037 times)

matts

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Re: CTL - CenturyLink
« Reply #280 on: November 20, 2018, 07:50:27 AM »
Atilla Tinic leaves to become CIO at Dish.

more than one senior person leaving in quick succession is starting to concern me. Is Storey not paying his people market rate comp? Do they think prospects for their stock options are not that great?


walkie518

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Re: CTL - CenturyLink
« Reply #281 on: November 20, 2018, 08:22:33 AM »
Atilla Tinic leaves to become CIO at Dish.
Tinic was with tw telecom, which L3 acquired in 2014...this could simply be rationalization of c-suite?

Valuehalla

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Re: CTL - CenturyLink
« Reply #282 on: December 05, 2018, 03:09:54 AM »
CenturyLink, Inc. (CTL) UBS 46th Annual Global Media & Communication Brokers Conference (Transcript)

https://seekingalpha.com/article/4226330-centurylink-inc-ctl-ubs-46th-annual-global-media-and-communication-brokers-conference?dr=1

Quote CFO Neel Dev concerning the divi:
So we're comfortable with the payout ratio. So if you look at our payout ratio this year it was in the mid-50s and we did have some one-time benefits this year from lower capital spending from tax refunds. We net off making a $500 million contribution to the pension fund. So if you look at all that and normalize our payout ratios, we’re in the low 70s any reasonable expectations for us for the next few years you still see very good dividend coverage. So we’re comfortable with the payout ratio.


« Last Edit: December 06, 2018, 12:48:44 AM by Valuehalla »
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Jurgis

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Re: CTL - CenturyLink
« Reply #283 on: December 24, 2018, 09:24:04 AM »
CTL bonds might be attractive again with ~8% yields to maturity.
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walkie518

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Re: CTL - CenturyLink
« Reply #284 on: December 27, 2018, 07:15:11 AM »
CTL bonds might be attractive again with ~8% yields to maturity.
The stock might be more attractive on a risk/reward?

petec

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Re: CTL - CenturyLink
« Reply #285 on: January 11, 2019, 01:04:56 AM »
My high-level notes from a recent conference interview with Jeff Storey.
   - Demand growing structurally - bandwidth and the number of locations needing it, from datacentres to IOT to incremental points of consumption.
   - Enterprise customer networks are also getting complex so they need help in managed services for complexity, security, etc. CTL are one of the best at building and operating networks. "We have visibility into networks that virtually nobody else has."
   - Have ubiquitous network in USA especially but also EMEA, Latam, Asia-Pac.
   - Manage everything to FCFPS. Understand why market looks at revenue, but they don't manage for it.
   - Moving from integration synergies to structural cost reduction. Have $13-14bn in costs (so a 10% reduction in costs is a c.40% boost to FCF). E.g. take 40-50m calls a year and they're not calling to say well done. Aim to cut that by 75% - happier customer, lower cost. Means getting bills right and providing online problem diagnostics etc. Then more in head count, real estate etc.

Conference poll: 15% like the dividend; 28% say cut the divi and raise capex; 13% say cut the divi and buy back shares; 45% say cut the divi and repay debt. Response: we have repaid $2.7bn in LT obligations since the merger. Very serious about getting ND/EBITDA to the low end of the 3-4x range.

Valuehalla

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Re: CTL - CenturyLink
« Reply #286 on: January 11, 2019, 10:47:02 PM »
Hi Petec, thx for your post.

Webcast is available on ir of ctl webpage.

All sounds positiv to me

« Last Edit: January 12, 2019, 12:51:39 PM by Valuehalla »
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walkie518

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Re: CTL - CenturyLink
« Reply #287 on: January 17, 2019, 10:52:01 AM »
anyone have a sense for the drop today?

gfp

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Re: CTL - CenturyLink
« Reply #288 on: January 17, 2019, 11:19:30 AM »
Is this a Singapore entity filing notice to sell a bunch of stock?
https://www.sec.gov/Archives/edgar/data/18926/000119312519010510/d659309d144.htm

anyone have a sense for the drop today?

walkie518

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Re: CTL - CenturyLink
« Reply #289 on: January 17, 2019, 11:28:55 AM »
Is this a Singapore entity filing notice to sell a bunch of stock?
https://www.sec.gov/Archives/edgar/data/18926/000119312519010510/d659309d144.htm

anyone have a sense for the drop today?
hmm...I think this is a sub of Temasek, which prev held a $2.6B position in CTL as of last reported quarter

interesting that they didn't file as Temasek, maybe that's coming later

CTL's price is pretty low here so not sure if discretion was the aim as much as exiting the stock

filings shows yesterday as approx date of sale...maybe they filed yesterday and they're dumping today?

anyone know anything specific about Temasek and/or why they would need to dump so much CTL?  Maybe they prefer BABA and have gotten a margin call?