Bt Share Discussion Threads

[nw99] 25/3/2020 08:36

This and VOD are buys

[montyhedge] 25/3/2020 08:36

We know BT booming with homeworkers wanting fast fibre broadband. Dividend I reckon because of this, will be paid in full in my opinion. Figures May expect bullish statement.

[nw99] 25/3/2020 08:34

Yes buy now

[montyhedge] 25/3/2020 08:20

That's been overhanging the shareprice. Onwards and upwards, tomorrow.

[grupo] 25/3/2020 08:17

JP Morgan Sells BT Group Shares for GBP59.5 Million
25/03/2020 7:40am
Dow Jones News

Bt (LSE:BT.A)
Intraday Stock Chart

Today : Wednesday 25 March 2020
Click Here for more Bt Charts.

By Adriano Marchese and Adria Calatayud



J.P. Morgan Securities PLC said Wednesday that it has completed a sale of 46.7 million shares of U.K. telecommunications company BT Group PLC at a discount, raising 59.5 million pounds ($69.6 million).

The shares were placed at 127.5 pence each, which represents a 4.0% discount to BT's closing price on Tuesday, J.P. Morgan said.

The brokerage said Tuesday that the sale of shares follows the termination of BT's American Depositary Receipt program with J.P. Morgan. Holders of the ADRs had until March 23 to surrender their American depositary shares for cancellation.



Write to Adriano Marchese at [e-mail] and to Adria Calatayud at [e-mail]



(END) Dow Jones Newswires

March 25, 2020 03:25 ET (07:25 GMT)

[montyhedge] 25/3/2020 08:13

59 million pounds worth placed at 127.5p some lucky funds got a bargain.

[nw99] 25/3/2020 08:10

Ok great I will buy for the first time since selling out way higher

[montyhedge] 25/3/2020 08:10

Now 59m shares place all technical, due to US adrs, should move upwards to at least 150p.It's been holding the price back.

[montyhedge] 25/3/2020 08:05

Great that batch of shares now sold, it was holding BT back.

[801710245] 25/3/2020 06:26

Not that it's necessarily going to be a factor for BT, but the Dow Jones had its largest single day percentage rise yesterday, since 1933.

[shanieboy01] 24/3/2020 20:58

No brainer to be in this. Biggest captive audience in history.

[cassini] 24/3/2020 18:44

Jenny Tulwought
24 Mar '20 - 16:48 - 34794 of 34801
0 0 0
Monty,

I've been with BT & O/R since the late heavy bombardment epoch.

Haha, never heard that solar system reference used like that before ;0)

[waldron] 24/3/2020 17:51

J.P. Morgan Securities PLC said Tuesday that it intends to sell 46.7 million BT Group PLC shares by way of accelerated bookbuild.

The company said that the sale of shares follows the termination of BT Group's American Depositary Receipt program with J.P. Morgan.

Holders of the ADRs had until March 23 to surrender their American depositary shares for cancellation.

Any shareholder who failed to do so, can participate in the sale.

J.P. Morgan acted as BT Group's depositary until BT Group terminated its program on Sept. 23.



Write to Adriano Marchese at [e-mail]



(END) Dow Jones Newswires

March 24, 2020 13:32 ET (17:32 GMT)

[diku] 24/3/2020 17:47

Today the volume is much lower on the rise than last few days...

[montyhedge] 24/3/2020 17:41

Get back to work, that's to early to retire, lol, BT need you.

[sicker] 24/3/2020 17:19

Ex engineer I was talking said he retired at 50, on a golden pension, is that right, I don't believe him, lol.

He's right Monty, I too retired in 1992 at 50 after 35 years service.
I have had more cash from them since I retired than I had earned during my 35 years of enjoyable employment.
Many, many thanks BT ? :-)

[montyhedge] 24/3/2020 17:12

I agree p.e 6, yield 11.59% figures due May, I'm expecting bumper profits.

[shammytime] 24/3/2020 17:03

You are right Monty. I work in a Data Centre and spoke to an Openreach Engineer. He said BT will make so much money during this man made pandemic, they are not concerned whether the jobless slobs who are crying for a BT Sport refund cancel their subscription

[montyhedge] 24/3/2020 16:59

Ex engineer I was talking said he retired at 50, on a golden pension, is that right, I don't believe him, lol.

[jenny tulwought] 24/3/2020 16:48

Monty,

I've been with BT & O/R since the late heavy bombardment epoch.
I'm busy, but others less so. I think they would consider moves to 're-balance' work resource, before resorting to re-hiring folk from the early heavy bombardment epoch.

Just saying.


Anyway, what a cracking day for the share price - OK, we're at a pretty 'low-base' but it's not every day the share is up well over 12%.

[montyhedge] 24/3/2020 16:47

Looks like. Famous shorting hedgies Odey, who turned bullish on telecom, may have got that decision right.

[montyhedge] 24/3/2020 15:40

If they ask ex engineers who retired on golden pensions at 55 to help with demand, then that would be good news. Any one heard ?

[nige co] 24/3/2020 14:43

Monty, my nieces husband is an Openreach engineer he's busy. BT will do just fine.

[montyhedge] 24/3/2020 12:08

Not what I'm hearing spoke to two Openreach guys, one last week and one today. Both very busy.

[jenny tulwought] 24/3/2020 11:17

montyhedge
24 Mar '20 - 10:30 - 34787 of 34788



Just spoke to Openreach guy at petrol station, I said you busy now everyone working from home, he said yes.
Forgot to ask if true if BT trying to entice ex by engineers out of retirement, to meet demand, don’t forget most retired at 55.

= = = =

If anything, the work is drying up. Apparently (and I'm only hearing this second hand), domestic installation orders from SPs, have been put back until June.