any consensis re price movement on monday after board rejected offer outright
are they looking for better options

Hi basharat - OOM will fly next week imho. Shame I did'nt keep them 2.5 weeks ago when longed them @ 84.5 @ 200 p/point (took 4 points off cmc)

Hi all, Is this a time to buy more or hold on to what we have and wait and see?? Would appreciate your longer term views for someone still learing the ropes so to speak. Thanks.

I think the question is: if not KPN, who?

My guess is still that Hutchison 3G will buy mmO2 to get the 2G GSM network and merge it with 3, which will otherwise fail as a business, IMHO.

Hutchison have deepish pockets, already have a roaming agreement with O2 (as fall back where the 3G network does not cover), and O2 have already written off the value of their 3G licence (so 3 wouldn't be paying again for a licence they don't need).

All IMHO, DYOR etc, but I reckon it's a strong hold.

IMHO, KPN will come with another bid worth 120p and it will get very intersting after that when Hutchison will spoil the show with a slightly higer bid.

still worth buying today?AT THIS PRICE1.09.

IMHO mmo2 will be taken out via hostile bid, but there will be more than one 'player'.
Let the battle commence with minimum 'take-over' price ~ 130 -140 pence.

The real question is whether the BT board can get their fingers out of their rears, swallow their pitiful egos and admit the fundamental error of floating off mm02. The only strategy that will protect BT's future revenue stream is to buy mmo2 back. From the point of view of we mm02 shareholders this would be the best result as our company is worth more to BT than anyone else.
But how do you provoke a dinosaur (not sleeping just dead) into action ?

Institutions dictated BT raise finance to reduce debt,obvious candidate OOM.
BT also still hold I believe share of OOM so will gain on any takeover.On a diff note have you noticed how all these broadband telco's PXC,Tiscali etc all require as a condition you have a BT line,what does that tell you.

Fortunately or otherwise BT holds no part of mm02, neither did they accrue any benefit from the flotation, so the loss of this asset to a competitor is all bad news, for BT it's market position will be further weakened, and for mm02 shareholders the price will be lower to any other buyer.
Best news for all concerned, especially those unforunates like me who hold both stocks, would be an all paper bid from BT followed as soon as possible by a sale of the mm02 german division to KPN, for whom the synergies would make the purchase of this part of mm02 much more attractive than the purchase of the whole, the german unit being the sole reason for KPN interest in mm02.

This news together with the takeover talk will have a massive impact on the share value IMHO.


LONDON (AFX) - UK-based mobile telecom group mmo2 PLC said O2 Airwave, its emergency services telecom provider, has been short-listed in the bidding to provide telecoms for the UK fire and rescue service until 2014.

Firelink, which is running the procurement on behalf of the Office of the Deputy Prime Minister, is expected to announce the successful supplier later this year.

The company did not disclose the contract value.

But O2 Airwave has already introduced similar services at Lancashire and Shropshire Fire and Rescue Services. The system is being rolled out to all 53 of the UK's police forces under a 2.9 bln stg government contract.

tf/rn


Good luck to everyone riding the crest of the wave02

I would have been on the crest of a wave if I'ed kept them when longed @ 84.5 200 p/point on 05-02-04 :o((

Could anyone advise a small holder of these shares, ( only a few hundred more than there 1 - 600 share limit) Would it be in my interest to sell at what I consider is going to be the best share price before March, wait & take the cash offer, what ever that might be. Or stay with the Company if allowed? Your opions will be gratefully received from a novice in this game.

Balerboy: Like you (and many others) I hold a few hundred of these.

The consensus is "Strong Hold" so that's what I'll do. The amount I'd realize by selling isn't so much that it would make a difference to my lifestyle :)

DYOR, as ever.

Deutsche Bank announced today that they've raised their price target for OOM from 130p to 150p.

From UK-Analyst.com: May 18th 2005

Shares in mobile phone operator O2 added 2p to 116.5p after the company unveiled a larger-than-expected maiden dividend payment - and the results weren't all that bad too. For the year to March 31st, the company paid an inaugural dividend of 2.25p a share - higher than a consensus view of 1.85p a share. This left the share trading on an historic dividend yield of 1.9%. Over the course of the period, pre-tax profits came in at 309 million pounds, up from 95 million pounds in the prior year. It customer base grew by 3.26 million to 23.96 million and group net debt fell by 288 million pounds to 78 million pounds.

GS upgrade today

any chance of o2 price moving above 127???
any suggestion about o2 cfd, going long or short, which one is better position to hold???

Anyone think this is worth going long on???

Mobile phones operator O2 put on 2p to 154p. Broker Investec Securities says the company may surprise the City by splashing out a lot more of its spare cash on shareholders with bumper dividend payouts and a share buyback. The broker has repeated its buy recommendation and 175p target.

.....Looks like Investec do Adie.