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Thread: SIRI Monthly thread for July

  1. #201
    Wolf Child is offline
    LMCA got a nice price target boost by National Alliance Securities to $74.08

    no link yet

  2. #202
    denco1 is online now
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    That is a pretty big boost, Wolf. Which is the ticker behind the SIRI position now, LMCA or LMCK....a bit confused on the split.


    EDIT: Funny how none of these analysts have made any statements as of yet on SIRI....except wonderdick. They seem to be cautious/hesitant with Liberty pulling the strings...we could be stuck here for months or shoot up in no time with the Liberty annual meeting and CC just days away.
    Last edited by denco1; 07-30-2014 at 01:26 PM.

  3. #203
    Wolf Child is offline
    I believe SXM, Live nation etc is in the dividend LMCK class C shares while the cable assets stayed in LMCA..... because we are just Malone's step kids
    Last edited by Wolf Child; 07-30-2014 at 01:39 PM.

  4. #204
    denco1 is online now
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    Looks like $3.455 closes above my trend line. Maybe we go up tomorrow...........


    EDIT: Actually a 3.46 close for the day
    Last edited by denco1; 07-30-2014 at 04:08 PM.

  5. #205
    denco1 is online now
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    From the 10Q page 45
    http://files.shareholder.com/downloa...937/filing.pdf


    What is an ASR agreement? Looks like it is similar to what Liberty did when they were buying shares with the forward contract. They have received an initial amount of 112.5mn shares. They are to receive more in August. We don't know what the negotiated price was per share.....therefore no price per share on the 10Q.

    These shares have been paid for with the 600 mn up front payment......tricky Fks.

    In May 2014, we paid $600 million under an ASR agreement and received an initial delivery of 112.5 million shares of our common stock. The
    ASR agreement is expected to mature no later than August 1, 2014 and will settle following maturity. See Note 14 to the consolidated financial
    statements included in this report. In addition, during May 2014 we purchased 68.2 million shares of our common stock on the open market at an
    average price of $3.21 per share.
    Paid for in Q2 and delivered and off the books August 1st, Q3...tomorrow.
    Last edited by denco1; 07-30-2014 at 07:31 PM.

  6. #206
    Blue Doggy is offline
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    Just looked it up, here is a link....... http://www.investopedia.com/terms/a/...repurchase.asp

  7. #207
    denco1 is online now
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    Quote Originally Posted by Blue Doggy View Post
    Just looked it up, here is a link....... http://www.investopedia.com/terms/a/...repurchase.asp
    Thanks BD.....it is very similar to the tactic Liberty used. Tmbr/Flow/UBSS, one or all probably involved in some way or another in this share manipulation to get SIRI shares on the cheap overt the last 3 months. Certainly, they have been keeping it down to buy on the cheap for SIRI to get shares under or at $3.50ish and at the same time to make their spread/%. What does that mean/do to the SP.....now that it comes due tomorrow.

    Possible that they already completed the purchases to fulfill the agreement before tomorrow but nonetheless they still are not technically off the books until settlement which is no later than August 1st.
    Last edited by denco1; 07-30-2014 at 07:52 PM.

  8. #208
    Steiny is offline
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    Quote Originally Posted by denco1 View Post
    From the 10Q page 45
    http://files.shareholder.com/downloa...937/filing.pdf


    What is an ASR agreement? Looks like it is similar to what Liberty did when they were buying shares with the forward contract. They have received an initial amount of 112.5mn shares. They are to receive more in August. We don't know what the negotiated price was per share.....therefore no price per share on the 10Q.



    These shares have been paid for with the 600 mn up front payment......tricky Fks.



    Paid for in Q2 and delivered and off the books August 1st, Q3...tomorrow.

    I was reading the 10Q today on my phone, Denco and that was exact react - tricky bastards. I guess we should be expecting this same type of contract for the next 2B. SXM is going to have a great deal LT, but the ST effects suck. The "3rd party" is probably shorting the stock to keep it in a particular range so it can profit off the buys.... can't wait til the shenanigans stop.
    Last edited by Steiny; 07-30-2014 at 08:14 PM.

  9. #209
    dm_4 is offline
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    Per the 10q also....how could they have bought back

    131,135,903 shares at an average price of 3.52 in april when the stock price never got above $3.40? I must be overthinking or missing something. Maybe its related to the asr agreement somehow...who knows.

    Also i had a strong suspicion back in march when they took the price down from 3.60 to 3.20 they were snapping up shares...and according to the april 10k they bought a bunch in march average price at 3.26. And there are some who swear there is no manipulation with this stock lol.
    Last edited by dm_4; 07-30-2014 at 09:51 PM.

  10. #210
    Faulkner_SA is offline
    Thanks for pointing this out denco. Wrote about it and credited you if SA publishes the article (I don't see why they wouldn't pub this one). Two things... assume this ASR is with the bond holders. The short put through in may related to the 112.5 mil has not yet been covered which suggests a hedge... and the bonds are the only option.

    Also, the last time a forward was "completed" like this was in July 2012, Liberty's forward. Stock popped that day of final delivery on ABSOLUTELY NO NEWS from $2.XX and ran hard.

    Not that the same will happen here... different scenario, but it is worth mentioning. August 1st? It's 50 days clear of the pop back on 5/22 and when the 50 MA requires a share price pop on or before to maintain trajectory. It's also 100 days clear of SIRI close below $3.50, at $3.47, and any close above that means the 100 turns up. Keep in mind that a break of $3.52 or so is not only a break of the 200 day MA, it is also a break of the 50 week MA and moves the stock over ALL moving averages, daily, weekly, monthly, for the first time since the drop last October.

    Little storm brewing, or big storm depending on how one is positioned. I may be disappointed that the stock didn't run ON the call but I'm still holding those damn ~1500 options for $3.50 on the 16th... someone talk me out of doubling down at 4 cents... Even $3.65 will make me a very happy person, and I could see a pop / trajectory over the coming weeks, if one happens soon, to $3.85 on a break.

    There's nothing bad here. I just see nothing bad, at all, except that 200 day MA has not been broken "yet"
    Last edited by Faulkner_SA; 07-31-2014 at 01:31 AM.

  11. Ad Fairy Senior Member
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