Bt Share Discussion Threads

[nige co] 14/12/2021 08:16

He's not a billionaire for nothing.

[csmwssk12hu] 14/12/2021 08:15

Nut cases selling, panic sell he’s not taking it over today he’s only bought £3bn worth of shares in this company, he’s not spent any money on research and he’s only done this many times before and is clueless, no he’s spent a fortune on research, he knows there’s a lot of value and is probably planning on making multiple times his investment, if someone is willing to put £3bn into the shares of one company ask your self should I put 3k 30k 300k 3m? well if he’s good you can’t go wrong, if he’s bad he’s losing a lot more than you all imho dyor oh and I’ll be surprised if it’s not higher by the end of the day

[nige co] 14/12/2021 08:14

The real price should be £4 per share, but he will try and get BT for as little as he can.

[dipso] 14/12/2021 08:10

something wrong with my pc, it says they are down
what's the real price anyone?

[csmwssk12hu] 14/12/2021 08:04

He’s clearly going to buy this no one spends £3bn because he thinks they may go up 10%, if your doing that you buy Apple or similar so you can easily sell them, he’s obviously happy mopping up shares in the open market, for argument sake let’s say he has to pay £5 per share for the last 70% he’s saved himself £6bn if it was you would you drag it out over 12 months to save £6bn, yes so would I

[arja] 14/12/2021 08:04

maybe the party is over !

[eaaxs06] 14/12/2021 07:54

It will be interesting to see what happens on Friday, when the monthly Equity Options expire.

There are two weighting call options in there totalling 50,000 contracts at 170p and 220p. I'm sure they're connected in some way.

Good luck everyone, Sid.

[rudder] 14/12/2021 07:52

Buy the rumour, sell the news???

[saltaire111] 14/12/2021 07:48

It’s a smoke-screen. All it needs is one of his pals to drop a derisory bid and it is game-on (as the rules allow a takeover to progress if someone else makes an offer).

Salty

[eaaxs06] 14/12/2021 07:47

I’ll repeat what I asked originally, when he bought his first 12.1%; where did the shares come from, and who sold them? I’ve yet to read a believable answer to that one.

To purchase 1.8 BILLION shares takes some doing, with a very large seller. You don’t build up a stake like that by normal trading this year, when the volumes were nothing out of the ordinary.

Good luck everyone, Sid.

[boix] 14/12/2021 07:42

They were already bought - only recorded at lunchtime.
I was a off book trade using a broker .
Probably accumulated over several weeks and only recorded yesterday.
It's good this time they are ordinary shares and not derivatives.

[evianone] 14/12/2021 07:40

The uk government has just said it will protect the interest of the UK ? Will that hold them back? as if the government doesn’t have enough problems lol

[boix] 14/12/2021 07:38

Acquisition of DT position would now take him to just over 30%.
I suspect that's why 18% was the magic number for now.

[csmwssk12hu] 14/12/2021 07:35

He can still buy more shares just can’t launch a bid, but one of his friends can when he has got to his 29.9%

[boix] 14/12/2021 07:35

Not really.
He has bought time to address any Government objections and flush out any other interested parties.
At the moment the DT position is not for sale? - That would be a material change.
He is now in prime position as the largest shareholder to control things.

[reviewwworld] 14/12/2021 07:34

Confirmed 6m lockout?Bizarre accumulation strategy if indeed looking to acquire more as will only result in paying higher prices

[nige co] 14/12/2021 07:33

So Drahi is playing the long game... Another 6 months lockout.... The wait goes on.

[sarkasm] 14/12/2021 07:28

14 December 2021

BT GROUP PLC

BT Group statement re Altice UK's increased voting interest

The Board of BT Group has been notified that Altice UK has increased its interest in BT Group's voting share capital from 12.1% to 18.0%.

The Board and management of BT Group will continue to operate the business in the interest of all shareholders and remains focussed on the successful execution of its strategy and building on recent performance momentum.

[suetballs] 14/12/2021 07:24

I wonder what the take out price will be?
Suet

[dipso] 14/12/2021 07:18

And a swift reply from BT ....

The Board of BT Group has been notified that Altice UK has increased its interest in BT Group's voting share capital from 12.1% to 18.0%.

The Board and management of BT Group will continue to operate the business in the interest of all shareholders and remains focussed on the successful execution of its strategy and building on recent performance momentum.

[eaaxs06] 14/12/2021 07:07

RNS just out that Drahi has acquired another 585m shares. Up to 18% now, he didn't take long to make a move. Good luck everyone, Sid.

[sarkasm] 14/12/2021 07:05

BOIX

RIGHT YOU ARE

[evianone] 14/12/2021 07:05

Forget what I just said 😂it’s Altice buying, now owns 18% of BT

[dipa11] 14/12/2021 07:05

14 December 2021Altice UK S.à r.l ("Altice UK")Statement regarding BT Group plc ("BT" or "the Company")Altice UK - a company established and wholly owned by Patrick Drahi - announces today that it has acquired a further 585,476,188 shares in BT, increasing its ownership to 1,785,476,188 shares, which represents 18.0% of BT's issued share capital.Altice UK has restated its position to the Board of BT that it does not intend to make an Offer for BT and will be bound by that statement for the purposes of Rule 2.8 of the UK's Takeover Code.Patrick Drahi has stated:"We are pleased to take this opportunity to increase our shareholding in BT. Over recent months we have engaged constructively with the Board and Management of BT and look forward to continuing that dialogue. We continue to hold them in high regard and remain fully supportive of their strategy, principally to play the pivotal role in delivering the expansion of access to a full fibre broadband network; an investment programme which is so important to both BT and to the UK."Rule 2.8 statementAltice UK confirms that it does not intend to make an offer for BT. This is a statement to which Rule 2.8 of the Takeover Code (the "Code") applies. Under Note 2 on Rule 2.8 of the Code, Altice UK reserves the right to set the restrictions in Rule 2.8 aside in any of the following circumstances:a) with the agreement of the Board of BT; b) if a third party announces a firm intention to make an offer for BT; c) if BT announces a "whitewash" proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); ord) if there has been a material change of circumstances (as determined by the Takeover Panel) Contact detailsTulchan Communications / [e-mail] / [phone]Graeme WilsonGiles Kernick

[evianone] 14/12/2021 06:57

Could that 300 million trade be a sell and that it was a fund selling into the rally that we have had? And would explain the weakness yesterday?