Thanks for the update. Markets can certainly act inconsistently around catalysts and confuse what's priced in. But in the same way we were slightly underwhelmed by the markets reaction to this deal, cheap stocks can have a habit of rising seemingly without reason or catalyst in sight, so I'm not willing to write it off as short-term dead money yet!
very nice post ; had been wondering about towers lately also. wow, somehow tigo has attracted some of the best posters on finance substack.
i was recently dreaming that if lilak keeps tanking (-30% in recent week) and gets desperate, full costa rica would make a momentous inflection for tigo. i think its too soon for another restructure and upleveraging, but this seems in line with the type of longterm goals for the cashpile that niels may consider.
Earlier this week, , Iliad hinted at potential future dividends coming from Millicom.
https://substack.com/profile/5479014-jefke/note/c-77557928
Thanks for the update. Markets can certainly act inconsistently around catalysts and confuse what's priced in. But in the same way we were slightly underwhelmed by the markets reaction to this deal, cheap stocks can have a habit of rising seemingly without reason or catalyst in sight, so I'm not willing to write it off as short-term dead money yet!
Totally. That's why I also continue holding the stock even though it could be dead money for a bit.
Trying to break through 300 SEK as we speak!
very nice post ; had been wondering about towers lately also. wow, somehow tigo has attracted some of the best posters on finance substack.
i was recently dreaming that if lilak keeps tanking (-30% in recent week) and gets desperate, full costa rica would make a momentous inflection for tigo. i think its too soon for another restructure and upleveraging, but this seems in line with the type of longterm goals for the cashpile that niels may consider.
Thanks, glad you found the post informative!
Yeah, seems like there could be extra M&A opportunities in the future, as I saw being discussed on twitter by https://x.com/gilmourkh & https://x.com/leonardo_1452_
It will postpone capital returns, but if we trust them to be capable operators, then whatever M&A they pursue will create more long term value.
They do have a big one on their plate already though, with $1bn for Colombia M&A next year. Can't do everything at the same time