Post by
modulex on Mar 08, 2021 4:40pm
TVA GROUP : OUTLOOK 2021
Of course, TVA GROUP has fairly good assets to have a $7 range book-value, but it can no longer, since 2014, be considered a growth company, namely because of Quebecor's majority holding, above 65% of TVA.B shares. Even if TVA SPORTS would become profitable someday, Quebecor is the only "market-maker" available to TVA GROUP, in terms of being a catalyst for the share price to increase. Minority shareholders of TVA GROUP are therefore without recourse, taken into hostage, having no voting rights in the event of a buyout by Quebecor. If TVA minority shareholders would have been wise 7 years ago, they would have challenged Quebecor to Court, forcing it to convert TVA.B shares into QBR.B shares. They could have argued that TVA's $0.05 quarterly dividend abolished in August 2011 was a sheer injustice to shareholders, that the November 2014 $116 MELS (Vision Globale) acquisition was aimed at causing harm to TVA Group's share value and consequently its depreciation on the stock-market. TVA Group minority shareholders are in an ugly situation today, but they can only blame themselves for having remained all these years at the mercy of Quebecor. I also have a feeling that there could be an outcome this year at approximately $4.00/share. FIDELITY, its second-largest shareholder was the only one paying $5.66/share for 1.9 million shares in February 2015 as a result of the Vision Globale (MELS) acquisition. It must regret awfully this bad move.