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BT.A Bt Group Plc

142.55
0.65 (0.46%)
Last Updated: 09:34:24
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bt Group Plc LSE:BT.A London Ordinary Share GB0030913577 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.65 0.46% 142.55 2,018,863 09:34:24
Bid Price Offer Price High Price Low Price Open Price
142.50 142.60 143.05 140.05 140.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Phone Comm Ex Radiotelephone 21.04B 855M 0.0859 16.47 14.13B
Last Trade Time Trade Type Trade Size Trade Price Currency
09:34:24 AT 7,889 142.55 GBX
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Date Time Title Posts
31/1/202515:36BT plc1,643
31/1/202510:53BT - Where next ?52,540
16/5/202407:18BT Group827
14/5/202417:39British Telecom79
05/4/202406:5380p is fair value17

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Bt (BT.A) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
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Bt (BT.A) Top Chat Posts

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Posted at 31/1/2025 08:28 by freddie01
BT’s top table turnover continues



BT’s CEO, Allison Kirkby, continues her revamp of the UK telco’s leadership team

She has spent the past year replacing the top table old guard with new recruits

Telco sector veteran and ‘IT dragon slayer’ Jon James has been drafted in as the new CEO of BT Business

He replaces Bas Burger, who is given the task of offloading BT’s international operations

The news comes as BT reports uninspiring fiscal third-quarter results



BT Group CEO Allison Kirkby has further revamped her top executive team line-up with the appointment of Jon James, the former CEO of Denmark’s Nuuday, as the new CEO of BT Business, the UK telco’s enterprise services division that has been struggling for several years.

James will take on the poisoned chalice from 3 March. He will replace Bas Burger, who has been grappling with the tough turnaround assignment at BT Business since the start of 2023, shortly after the telco merged its Enterprise and Global units to form a single unit in order to cut costs – BT merges units to form BT Business and save £100m.

Burger had been the CEO of BT Global up to that point and, in a way, he will be going back to those roots starting in March, though this isn’t a glamorous assignment: Kirkby’s strategy is to focus on the UK, believing BT’s international operations are a distraction and a drag on margins, so Burger’s job will be to “devote all of his time to the optimisation of BT’s international operations and explore options for the unit,” the operator noted. Those options include trying to find a partner that could take a stake in a spun-out operation that would be underpinned by the next-generation Global Fabric infrastructure built over the past few years – see What now for BT’s Global Fabric?

James, meanwhile, will be tasked with reversing the fortunes of BT Business, which is shrinking by the quarter. Hopes are high that he could repeat his performance at Nuuday, the services company spun out of former Danish national operator TDC, where he is credited with revamping the company during his tenure as CEO, which began in mid-2021 and ended about a month ago. Critical to his turnaround strategy at Nuuday was an IT transformation that enabled the company to become a more agile, efficient and customer-centric company – see How Jon James slayed the Nuuday IT dragon.

Prior to his time at Nuuday, James held various senior positions at Tele2 Netherlands (2017-19), Swedish cable operator Com Hem (2014-2016) and the UK’s Virgin Media (2007-2013).

“Jon’s considerable experience from the UK and European telecoms markets, together with his track record in leading businesses through transformation, will be hugely valuable as we fully focus BT Business on the UK,” noted Kirkby.

James added: “I am excited and honoured to join BT as CEO of BT Business, the UK’s leader in B2B telecoms. BT Business has an unbeatable combination of deep customer relationships and world-class technology expertise, and I am looking forward to working with Allison, Bas and the BT Business team as we build an even stronger asset for our customers, our shareholders and for the UK.”

James is the latest new name in the frame at BT’s top table, which has seen multiple changes since Kirkby took over as CEO a year ago. She added Tom Meakin, a former partner at consultancy McKinsey, as chief strategy and change officer and in September ousted chief digital and innovation officer Harmeen Mehta. Then in November 2024, Kirkby announced Claire Gillies as the new CEO of BT’s Consumer division, replacing Marc Allera.

The numbers game

BT’s fiscal third-quarter trading update, released today, indicates the task ahead for Kirkby, Gillies and (from March) James.

Total revenues for the three months to the end of December came to £5.18bn, down 3% year on year, with the decline mainly due to “continued challenging non-UK trading conditions” and lower smartphone sales for BT’s EE consumer division.

BT Business, which is still the telco’s second-biggest division after the Consumer unit, reported a 2% decline in revenues, to £1.98bn (including sales to other parts of BT’s operations). For the first three quarters of the current financial year (April to December 2024), BT Business reported a 5% decline in revenues to £5.85bn, compared with the same period a year earlier, showing that the division’s sales are in steady decline.

The Consumer division’s revenues were also down in the fiscal third quarter as well as during the first three quarters of the fiscal year, by 2% in both instances, though this is due to the impact of lower device sales: BT noted that Consumer returned to service revenues growth in the third quarter.

Despite the declining revenues, BT Group’s margins are improving slightly, thanks to greater cost controls (a key focus of Kirkby’s strategy): Fiscal third-quarter adjusted EBITDA came in at £2.1bn, up 4% year on year.

BT noted that its cost transformation plan “remains on track as we continue to create a simpler BT Group, delivering efficiencies across all units; energy usage in our networks was down 3% in the year to date, and total labour resource down 3% year on year to 117k; we achieved an 11% reduction in year-to-date Openreach repair volumes,” noted the operator.

Openreach, BT’s quasi-autonomous wholesale fixed access network division, remains the division that continues to grow, albeit only slightly, with fiscal third-quarter revenues up by 1% to £1.53bn.

Openreach’s focus is further building out and monetising its fibre access network. Having passed an additional 1 million premises with fibre in the fiscal third quarter, Openreach’s fibre-to-the-premises infrastructure now reaches 17 million UK premises and is on course to reach 25 million by December 2026.

And there is strong wholesale demand for Openreach’s FTTP network: In the fiscal third quarter, net additions were 472,000 to take the total number of commercial fibre connections to 6 million with a take-up rate of 35%. However, Openreach is losing out to fibre access network rivals in areas where it hasn’t yet rolled out its own FTTP infrastructure: As a result, Openreach’s total broadband lines declined by 208,000.

Overall, the numbers weren’t to the liking of investors, as BT’s share price dipped by 2.4% to 142.5 pence on the London Stock Exchange in Thursday morning trading.

- Ray Le Maistre, Editorial Director, TelecomTV
Posted at 24/1/2025 08:16 by freddie01
At £1.42 now, BT’s share price looks cheap to me anywhere under £3.64


BT’s shares have dropped 12% from their 12-month traded high of £1.61, leaving them looking undervalued to me, and yielding an attractive 5.6% as well.
Posted at 23/1/2025 07:52 by freddie01
BT a 'conviction sell' for UBS on Openreach concerns



BT Group PLC (LSE:BT.A) has been slapped with a conviction sell rating by UBS, which believes the increasing impact of competition on its Openreach arm is being underestimated and masked by recent price rises.

In particular, there is material exposure to two large clients – Sky/TalkTalk – both of which are shifting business away from BT/Openreach over to altnets, which are 20-40% cheaper.

"Sky spends over £1.1bn a year on broadband wholesale costs exclusively with Openreach and recently announced a deal with CityFibre that we estimate will see £150-300m of business annually transfer".


As BT is paying no UK taxes, the impact is minus 10-20% on group cash flow.

TalkTalk also spends more than £1bn as year with Openreach but its subscriber numbers are dropping.

Broadband line losses are also accelerating and if line losses do not improve, Openreach revenues look set to turn negative.

Adjusting for underlying costs, BT is trading on a yield broadly similar to bonds with a dividend uncovered by cashflow and pensions payments rising.

In short, UBS sees the shares pricing in continued growth in Openreach, an improvement in line losses, ongoing cost saves at BT and growing free cash flow, which it sees as unlikely.

Shares rose 0.4% to 142p.
Posted at 23/12/2024 17:31 by jackdaw4243
Space
Then how do you put a value on the Share Price there has to be a return?? on the investment.
Posted at 22/11/2024 08:02 by freddie01
BT cuts annual revenue forecast – what's next for the telecoms giant?


BT has trimmed its sales forecast, but the overall outlook remains positive and big investors have bought in. Should you invest?


The “weak” performance of BT’s “problem child” business unit is still hampering CEO Allison Kirkby’s turnaround plan, says Jillian Deutsch on Bloomberg. BT was forced to cut its sales forecast for the year to 31 March 2025 by between 1% and 2% on 7 November. This was caused by a 6.8% adjusted revenue decline in the division serving business customers. As a result, overall second-quarter revenue fell 3% to £5.09 billion, below analysts’ expectations of £5.23 billion. BT’s shares promptly slipped by 5%.

It’s not surprising that BT’s business unit isn’t doing very well, says Hargreaves Lansdown’s Matt Britzman. Higher expenses and “a tough competitive landscape make it a tricky place to operate”. But investors can console themselves that profit and cash-flow guidance has been “left untouched”. What’s more, as the fibre rollout gathers pace, BP is not only “benefiting from higher prices and a more favourable mix of fibre versus older technology”, but also from the prospect of an end to the “massive investment” the rollout involves. Expect a major improvement” in areas such as cash flow.

Should investors buy BT?
Hopes that “once the digging has finished and 5G investment has been made”, BT can become a “strongly cash-generative provider of critical 21st-century infrastructure” will have been bolstered by Kirby’s determination to “rein in the foreign adventures and concentrate on the UK”, says Nils Pratley in The Guardian. While BT’s international operations comprise only a sixth of the company, they are a “sprawl” that spans 180 countries, and have been responsible for two destabilising profit warnings in 2008 and 2017. Still, selling these operations “won’t be easy”, with a series of “part-sales, partnerships and fiddly structures” a more likely option than “a neat sale of the whole shebang at a nice price”.


It’s certainly “easier to earmark disposals than to snuffle out buyers”, says Lex in the Financial Times. So BT may have to settle for raising “a few hundred million here and there” from sales over an extended period of time. But some companies may be interested in the unwanted elements of BT, including rivals and private equity. Partial sales such as joint ventures are another option. What’s more, shareholders should take heart from the fact that Kirkby does have form when it comes to such “complicated clear-outs”. She oversaw a similar process at Sweden’s Telia.

BT has reportedly hired bankers to sell financial services unit Radianz, says Rupert Neate in The Sunday Times. Overall, investors have been “impressed” by Kirkby, especially her progress on broadband, as well as her determination to push through a savings drive that could see 55,000 jobs go by the end of the decade. While many feel that markets are still “stubbornly” refusing to price in the full impact of future cash flows, the share price has soared 27% in her 10-month tenure, with prominent investors, such as Carlos Slim and Sunil Mittal, taking major stakes.
Posted at 12/11/2024 12:16 by freddie01
As BT’s share price drops 8%, should I buy more?


BT’s share price looks a bargain to me on several key stock measurements, offering a high yield as well, supported by strong earnings prospects.
Posted at 20/8/2024 13:56 by diku
2016 share price 500p...today share price xyz?...
Posted at 14/8/2024 07:23 by diku
Post 1386...holding of 500% of salary sounds rosy but need more finer details...assuming that would be money worth...higher the share price goes the lessor shares she has to buy to reach threshold...but if the share price goes up to say 300p within 3 years is she allowed to sell?...regardless of reaching the threshold of 500% or only once it reaches...and where do all the share options fit in...
Posted at 13/8/2024 19:09 by diku
Looking from a different angle Draghi buying stake when BT trading around multi year lows...Bharti buying stake from Draghi share price also near multi year lows...unlike some of those US tech companies all time highs...vote of confidence is one thing...getting the share price moving upwards consistently is another...
Posted at 11/8/2024 12:20 by davius
It may be a little premature to suggest an impending share price collapse. A few paragraphs from the Sunday Times article:


BT's relief as billionaire 'dials down' huge stake
...
The suggestion of the research into BT is that Drahi has been selling directly owned shares in the company to raise cash, while ordering bankers to borrow the equivalent number on his behalf to retain his aggregate stake in BT.
...
This could be good news for BT, whose share price has come under pressure amid concerns Drahi may suddenly need to sell his stake, flooding the market with shares.
...
New Street's research was prompted by figures showing an unusually high proportion - about 17 per cent - of BT's shares are on loan. New Street believes that between 10 per cent and 14 per cent of this relates to Drahi.
Bt share price data is direct from the London Stock Exchange

Bt Frequently Asked Questions (FAQ)

What is the current Bt share price?
The current share price of Bt is 142.55p
How many Bt shares are in issue?
Bt has 9,956,837,263 shares in issue
What is the market cap of Bt?
The market capitalisation of Bt is GBP 14.13B
What is the 1 year trading range for Bt share price?
Bt has traded in the range of 101.70p to 161.90p during the past year
What is the PE ratio of Bt?
The price to earnings ratio of Bt is 16.47
What is the cash to sales ratio of Bt?
The cash to sales ratio of Bt is 0.67
What is the reporting currency for Bt?
Bt reports financial results in GBP
What is the latest annual turnover for Bt?
The latest annual turnover of Bt is GBP 21.04B
What is the latest annual profit for Bt?
The latest annual profit of Bt is GBP 855M
What is the registered address of Bt?
The registered address for Bt is 1 BRAHAM STREET, LONDON, E1 8EE
What is the Bt website address?
The website address for Bt is www.bt.com/about
Which industry sector does Bt operate in?
Bt operates in the PHONE COMM EX RADIOTELEPHONE sector

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