Bt Share Discussion Threads

[dipa11] 06/12/2021 18:49

https://m.marketscreener.com/quote/stock/INTERNATIONAL-CONSOLIDATE-7233512/news/BRITISH-AIRWAYS-AND-PHILLIPS-66-AGREE-FIRST-EVER-UK-PRODUCED-SUSTAINABLE-AVIATION-FUEL-SUPPLY-37224783/

[george stobart] 06/12/2021 17:52

BANKRUPTCY IMMINENT?

[adrian j boris] 06/12/2021 16:33

Telecoms
Jamie Ashcroft

Proactive

15:38 Mon 06 Dec 2021


BT Group seen as a ‘buy’ as shackles are set to come off Drahi

BT’s organic story is undoubtedly strengthening, that's according to Berenberg.

BT Group PLC - BT Group seen as a ‘buy’ as shackles are set to come off Drahi

BT Group PLC (LSE:BT.A) is seen as a ‘buy’ as Patrick Drahi’s standstill agreement is about to end and the company’s management seeks to show a strong front.

Berenberg, in a new note, repeated the European bank’s rating following a pair of recent conversations with CFO Simon Lowth and Openreach CEO Clive Selley.

“We have known both men for many years, and last week’s meetings were among the most upbeat that we have had with them,” Berenberg analyst Carl Murdock-Smith said in a note.

“A sceptic might suggest that such positivity is simply a sensible defence strategy in the face of 12.1% shareholder Patrick Drahi’s standstill agreement coming to an end after 10 December.

“Whether that is the case or not, BT’s organic story is undoubtedly strengthening, and it is now set to report revenue, EBITDA, adjusted EPS and normalised FCF growth in 2022/23 (by 1%, 4%, 9% and 22% respectively), set against an undemanding valuation of 9x P/E.”A detailed note delves into key talking points around the Covid recovery, the potential impacts of omicron, the roll-out and growth of OpenReach, and the telecom group’s view that its people are the competitive advantage.

On the subject of Drahi, the Berenberg’s Murdock-Smith added: “We asked how much time Mr Selley has spent with 12.1% BT shareholder Patrick Drahi. He responded by saying that he has met Mr Drahi numerous times in numerous countries over the years.

“As part of Openreach’s research into “best practice” for its fibre rollout, Openreach visited lots of other operators, including Mr Drahi’s operations in Portugal and France. Mr Selley said that he learned from Mr Drahi’s companies about building methods, network architecture and labour arrangements.”

Billionaire Patrick Drahi’s Altice, which has a 12% stake in BT, will be free to bid for the UK telco after the end of the moratorium on December 10.

Berenberg's 'buy' comes with a 200p price target, versus a current price of around 172p.

Last week, Credit Suisse repeated an ‘outperform217; rating for BT but it doesn’t expect and fireworks as the Drahi the moratorium is lifted.

It flagged that Altice was already free to make smaller stake increases and there have been no statements suggesting Altice wants to make a bid for BT.

“The more important point in our view is whether Altice’s presence might accelerate further shareholder-friendly steps; for example, on cash returns or strategy,” the Swiss Bank added.

[boix] 06/12/2021 16:06

Just think it is buyers accumulating using smart algorithmic bots to set levels - slowly slowly

[diku] 06/12/2021 15:10

Is it shaking off weak holders?...

[boix] 06/12/2021 15:02

Strong resistance at 172p support at 171.8p

[boix] 06/12/2021 13:54

Strange L2 at the moment on BT?
LSE book evaporated and then re-booked 0.5p lower?
Odd - clearly fragile
Likely someone fired up a large sell or buy bot.

[ianood] 06/12/2021 13:40

Nige Co - He's a class act!

[nige co] 06/12/2021 12:32

Jansen has said that he's not against splitting off Openreach, but like he says after FTTP is built and also have a much higher share price. This IMHO make very good sense. BT have the right CEO who is doing a good job.

[arees1969] 06/12/2021 12:23

Hopefully close above 174 today.

[wendsworth] 06/12/2021 10:14

Still think we could be in for some form of a 2022 IPO ref Open Reach . Jansen is a past master at enhancing shareholder value.

[arees1969] 06/12/2021 10:07

Early days..

[boix] 06/12/2021 10:03

Mr Market still not buying into the 'in play' narrative.

[wendsworth] 06/12/2021 10:00

LAMMERGIER : Spot on. Nice and steady . It's what hasn't been disclosed that will be 'key' !

[csmwssk12hu] 06/12/2021 08:36

Let’s say DT sell the 12% stake, at what price?, they don’t need to sell so £2,£2.50,£3? possibly more after all if you went into the market right now and tried to buy £2bn of shares what price would you send these to? In the case it is £2,£2.50,£3 or more the market price for these will head a lot higher than that price imho dyor

[lammergeier] 06/12/2021 08:26

ARBITRAGE Trading going on this morning ,no doubt about it.Watch for pulls in the

share price either way to obtain advantage.Always happens with a company IN PLAY.

[boix] 06/12/2021 08:14

Another slow start given weekend press.
Let's hope it picks up.

[netcurtains] 06/12/2021 08:05

Thats interesting, they can pool and float off the joint entity onto the stock market. Lots of people want to invest in Football.

[diku] 06/12/2021 08:01

Hope DAZN can come up with a higher cash offer...

[diku] 06/12/2021 07:54

Joint venture and not outright sale?...gets messy...






US media giant Discovery is in talks with BT Sports over a potential partnership deal that would derail months of talks with sports streaming service DAZN over a £600m outright sale.

As talks between DAZN and the telecoms group have become mired over commercial details, Discovery has entered the mix with an alternative offer for the future of its sports broadcasting arm to create a joint venture, the Telegraph first reported.

Under the reported plans, the two parties would pool their sports broadcasting assets to create a powerful joint body.

[waldron] 06/12/2021 05:01

pharmaboy3
6 Dec '21 - 04:54 - 42879 of 42879
0 0 0
Looks as if a white Knight has arrived.Disvovery has entered the fight.

[pharmaboy3] 06/12/2021 04:54

Looks as if a white Knight has arrived.Disvovery has entered the fight.HTTps://www.cityam.com/steal-the-deal-discovery-in-talks-with-bt-sports-to-derail-sale-to-dazn/

[boix] 05/12/2021 20:44

That’s a view but not one I share.
But good luck with that theory.