RE:Privatisation d'Indigo (Les Affaires) .... ainsi va la vie !Look at the way this privatization was done Naissance. The company is a losing company with 2 Quarters of straight losses, and many other Quarters of losses, in an Industry of digitalization, at $2.25/share. Gerry Swartz used his Family money to acquire Indigo, then he went public with 44% of it. The Swartz's own 56% of Indigo shares, so they are in the right to do so, just to keep this company afloat. This privatization doesn't compare anything close to the Bomber. EVEN JOHNNEY knows that the Family hasn't & won't put up any of their own money in the Bomber.
Yes you can argue that the Bomber shares are 2 dollars pre-split etc. The Family missed it's chance if it was going to try to take it private. But if the Family only owns 10% of the company, it's no longer a losing FCF company, and it's close to $800 +FCF in 2024. What do you think would happen if the Family tried to take it private now? Look at the lawsuit from the New York Hedge Fund sueing the Bomber for just paying off the LTD Bond earlier. This is the perfect example of what to expect if they try to take this private. There would be a mayhem of law suits, all over, from every direction to the Family. It's not worth the Families trouble. This company was not built & survived with Family money like Indigo.This Family controls the company with 13% of the shares. They are not going to pay shareholders the right price to buy out the shareholders. It's too expensive, too risky, and too cyclical for them. They are doing better financially the way it is. What is the right price? Is the Family willing to risk, to take on this type of battle, after PB, was LYING to Investors for all these years about the company's finances to survive? Then Borrowing of public money from the Canadian Govt, all these years, and buying the Business Jet division from the Govt., from the public, and now they're are going to steal it from from the Govt/public & Investors for a song. After the Investors stuck with the Family for so long? No. if the Family wants out? Then SELL you controlling interest, and make it true public company. Which they won't do either.
Why would they do something stupid like that??? Pay $12B roughly out of their pockets to take it private. Just quick math will tell you NO. The LTD of $5.5B to pay off, at least $120/share for the outstanding public shares & $2-$3B for Preferred shares. They'd have to to put up all their Family money just to buy this risky company. It's not happening. Just to get $800M of +FCF every year from the remaining company. Plus from that $800M to $1B +FCF a year has to go to R&D&, and new airplane designs, and so many other things. This company has a lot of expenses, and is dependent on the rich. The rich will #$@%$ you, if you #$@% with them. They have the money to do it. They can Bankrupt you in a day. Also here, is the Govt. issue, with Defense that the Bomber is depending on to Increase it's CF. This is all Govt decissions. Look at the Aurora contract. Look at the Tax the Canadian Govt put on the Business Jets recently in 2022.
This Swartz takeover of Indigo is totally different. Small money, for a small company, held by a rich guy that bought it for his wife. So don't even try to play the game, BIRTH. You may have a handle of Birth. BUT WE (every Shareholder here, and even the Exchanges, the suppliers, the Employees of the company, and everyone that deals with this company) WEREN'T BORN YESTERDAY.
Hopefully this is the end of this Privatization theory from the 2 of you. You know who you are.