Canada markets closed

Lumen Technologies, Inc. (0HVP.L)

LSE - LSE Delayed Price. Currency in USD
Add to watchlist
7.34-0.02 (-0.34%)
At close: 06:24PM BST

Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Sept. 30.

Sign in to post a message.
  • S
    Steve
    Three of my Level 3 bonds have been called. The Level 3 5.375% 2025 notes were taken from my account yesterday with a slight premium over par. The Lumen 2023 6.75% notes and the 2024 7.5% notes will be gone by 10/26/22 with a make whole call premium to be determined. They also have a tender offer on these to notes with a 2.3% and 4% over par that expires tomorrow. I bought all of my notes well below par and it was a good ride while it lasted. I assume that the second deals closed and therefore they have the $7 billon to spend on buying back debt.
  • A
    ARSINAL BEESWAX
    Brightspeed Announces Withdrawal of Debt Syndication; Acquisition Remains on Track for Early October Close
  • B
    Bryce
    I'm just here for the dividend but this massive drop over the last few weeks is scaring me a bit.
  • C
    CE
    Still believing in Q3 'buyback' authorization. If the asset sales cash must all go to debt reduction, then the 2 to 2.2B FCF(-divs) Full Year projection(reiterated Q2) leaves at least a Billion? Best return on FCF, EPS, SP(?) and even CapEx could add cash if 'scheduling'(permits, workforce, logistics, etc.) causes a pause in Quantum? @ 7's? jmo
  • h
    hollywood
    Lumen announced Kate Johnson has been appointed President, Chief Executive Officer and a member of the company's Board of Directors with the transition date expected to be November 7, 2022. Johnson succeeds Jeff Storey, who has announced his retirement after a distinguished 40-year career within the telecommunication and technology industries, including Lumen and its predecessors. Storey will remain with the company through December 31, 2022, to ensure a smooth transition.

    Johnson is a technology executive with an extraordinary track record of success. She specializes in leading digital and business transformations to drive growth, having held key leadership roles across a variety of Fortune 100 companies including Oracle, General Electric and Microsoft. Most recently, Johnson led Microsoft U.S., the company's largest business with a remit for all of the company's sales, services, marketing and operations. During her four-year tenure in this role, she led the division through a substantive cultural transformation while nearly doubling enterprise revenues.

    "Kate's appointment and the strategic transition announced today are the culmination of a succession plan that Jeff and the board have been engaged in for the past several years," said T. Michael Glenn, Chairman of Lumen's Board of Directors. "We are confident she is the right leader to take the reins at this important moment in Lumen's history. Kate is an inspiring and motivational leader who is known for identifying and creating growth. She is the ideal CEO for Lumen."

    Johnson stated, "I am proud to take on the CEO role and eager to advance the strategy Jeff and the team have created. Lumen has made significant progress strengthening its balance sheet, expanding its fiber footprint and enhancing its portfolio of digital capabilities. I'm looking forward to leading this great company through its next chapter and helping customers leverage the Lumen platform to power amazing digital world experiences." When she started at Microsoft the stock price was around 43 dollars look at the stock price now.LUMN is certainly not a microsoft but with her at the helm im really excited about LUMENS future .
  • L
    Lousy_stk_pkr
    Why doesn’t Berkshire just buy this company for say $25 a share? Pay off debt and just reap the cash flow for years to come. Makes sense to me. What would that cost them like $50billion? $25 a share is not the return I was looking for but at least I could move on.
  • h
    hollywood
    Just knowing Storey is leaving is a big relief for me.He should have been ousted years ago id really be worried if he was staying looking for better times ahead with new CEO
  • T
    Troper
    Okay, why is the board so quiet about the offer to purchase any and all of the outstanding notes identified in the announcement today?
  • B
    BillyBaroo
    They definitely sold to Apollo at the right time!! Now LUMN doesn't need the debt markets for several years. Hopefully the new CEO will grow revenue and cut the bloated costs out of the company.
  • h
    hollywood
    Folks Lumen will be around long after we are gone even if a buyout occurs no way will it go under but will still exist in some form so know that LUMN is buying back its debt which should relieve some of the debt concerns and lead to a more stable share price.All stocks are under pressure right but buying now makes more sense than selling IMHO
  • B
    BillyBaroo
    2023&2024 debt profile shows runway is clear with NO liquidity issues. They can wait 2-3 years to refinance 2027 until rates are lower.
    Maturity Tender Remaining
    2023 949 824 125
    2024 1125 982 143
    2025 4088 1464 2624
    2026 2075 2013 62

    I assume funds will be set aside if offer isn't accepted.
  • L
    Lousy_stk_pkr
    How long do I have to wait to see some upside? I may die beforehand but my kids can reap the benefits or eventual bankruptcy. I am only in this stock because I bought Corvis 20 years ago. Then it was broadwing, global crossing, Level 3, Centurylink and now LUMN. The original thinking was all that dark fiber would get lit and the share price would go up. Now everything is online, streaming, on the cloud and yet this company still hasn?t figured out how to monetize their assets. Good lesson that sometimes being a bond holder is much more lucrative. If I sold everything when CTL bought LVLT I would have been up like 25k or more as that deal had cash and stock. Would of, could have, should have. As it stands I?m in the hole 25k on the #$%$ and I?m tired of waiting. But I?ve waited this long so I?m not selling, no way. We need this to gap up. Telcom has been in the toilet so long something has got to change.
  • B
    BillyBaroo
    I'm in for my full position now!! I'm okay if they cut the dividend in half as my yield will still be over 6%. Several big government contracts and I like the new CEO. She's Hot = SALES will go up guaranteed.
  • Z
    Z
    New CEO doesn't want to get blame for all the wrong acquisitions done by previous CEO.
    What will happen is damn true and inevitable.

    1. Write down assets (Goodwill)
    -22 billion of Goodwill will write down by new CEO and massive deficit (non-cash) coming next quarter.
    question is how much write down will be. DEBT TO EQUITY WILL SKYROCKET.

    2. New CEO will cut dividend and easily blame previous CEO. (Also blame the market.)
    These TWO FACTORS will come and it is not too late to buy after all the dust come down.

    Do not chase the yield. Yield is not sustainable. 13% yield is too good to be true.
  • C
    CE
    If you didn't know, SI for 9/15 came out at 161.49M shares.
  • r
    rj
    Strong volume ...
  • B
    Businessplaya
    They could be bought by Verizon, AT&T or Comcast. Just guessing but their assets are valuable + they reduce dept. Not saying it's the safest investment but I am willing to bet on this one (will take 3-5 years maybe).
  • r
    rj
    Clean up the balance sheet, address the dividend drain, and manage the company towards profitable revenue growth. The share price will recover.

    RJ
  • A
    AfonsoJ
    800M shares are held with institutions, that leaves 170m to be traded by day traders, 150M has been shorted,, the day of reckoning will soon be upon us
  • P
    Poil13
    short interest going up or down...? When's the next numbers come out?