i was wondering if anyone out there had any strong views? this company appears to be delivering and has just turned EBITA positive after a great trading statement last week. seems like upside to +200p once results are out.

any comments or thoughts would be appreciated.

Article in the Telegraph re possible Sky takeover:

Sky declares war on cable firms with Easynet takeover
By Andrew Murray-Watson (Filed: 16/10/2005)


British Sky Broadcasting will this week announce a takeover of Easynet, the listed telecoms company, in a move that signals the start of a more aggressive battle against its cable TV rivals.

The acquisition - at a price of up to 150m - represents Sky's first step towards becoming a major force in the UK internet arena and makes the broadcaster a direct rival in the broadband market to the likes of BT, AOL and Wanadoo.


The takeover of Easynet will also allow Sky to offer a "triple play" of pay-TV, broadband internet and telephone services to its customer base, which is expected to total 8m subscribers by the end of the year.

Telegraph

Googling throws up quite a few other artilces on this issue, but they mainly just quote the Telegraph's piece.

saw it everywhere as well. i have my smallest position in 2 years but at least i have some! typical.

My estimates is 125-130p bid so will open tomorrow about 110-115p waiting for the announcement. a good chance that there will be a competing bidder though which could push the price closer to 150p...my fancy is Wanadoo (Orange). Nothing like an approach to get some other punters to act.

speak later

rgds
PT

Well done prop could this be the end,for easynet !!

had to happen didn't it- alk next?.

Happy days here today anyway! I wonder if any others will now show their hand after todays news? It even got a mention on CNBC late this afternoon.

france tel...your move.

There we have it. 1.75 in cash, good deal if you ask me.

Well done Easynet and well done proptrade for keeping the thread going all this time.

capa

Closed everything and completely out now. Very happy with this mornings news and the price. Thanks for bringing this one to my attention last year Prop. Will definitely be a few drinks tonight, any excuse!

well guys, it has been fun on the thread, sporadic, but fun.

i am about to give those lovely spread bet guys my stock straight between the eyes. if there is a counterbid, who cares i am well well ahead. this is a great price and a respectable one which i think knocks out any rivals. we all knew this was a winner but it took time to work out.

the irony is that i have my smallest position in this name for 2 years but you know what, i am a delighted...i could have been all out!

drinks indeed and capa thx for saying thx!

gavdfc...what's next? (I had a touch yerterday in ARX and think it may go further after raising cash??)

good luck and goodnight ESY

Rgds
PT

Indeed the thread has been fun, and we have had a bumpy ride along the way but I am extremely happy with the outcome. Been some decent trading opportunities along the way also.

Even if there was a counterbid then I am still well up so happy with that. Would rather take profits now than hang around and see what happens. Could be interesting though if someone was to come in and offer more.

Noticed the ARX news yesterday but it's not really a company I follow closely. All I've really been buying lately is AEX, well worth a look IMO, but not for a quick punt, am in for the long haul. Holding some cash right now also as wanting to see what happens with the oils, will probably be looking to top up some holdings soon. Been doing a bit of FX trading of late, but only on a small scale. Have you been looking at anything lately?

Cheers

Gav

PT, haven't posted much but like others I guess accumulated these sub on the way down. Like you I sold some at 1.22p , but pleased I kept the rest for today's announcement. Volume and price of trades suggest that there will be no counterbid as BskyB are probably mopping up the shares being sold imo.

canary9 - one of the keen follower non posters!

happy that you have been involved. key in this markets it is imprtant to hold the great stories and even better management.

At the moment i like CBM, CSB, ARX (punt but i like the risk reward) and SEY. All great management teams and proven records.

Rgds
CP

Take a look at COH Prop if you like the long term...

I am poster number 600, and I did not hold.

Well done you lot, I often looked in but did not buy.

Another time perhaps another share definitely.

600

.

thx SWW