Liberty can buy the preferred at A$8.95 compared to $9.10 ASX closing today, so there is not too much premium in today's close. The DirectTV saga had everyone pushing News Corp up when it was the big issue a couple of years ago, so there should still be some upside left. Does anyone know why NCP had a big fall yesterday? Was it tied into option expiry? I bought $11.00 call ETO's this morning at open, so I'm hoping there's still some up left. Any opinions welcome.
