Bt Share Discussion Threads

[chapchip] 15/12/2021 15:22

wish i had

[diku] 15/12/2021 14:40

Anybody who bought yesterday around 162p and sold today 170p...punters are just not hanging around...

[chapchip] 15/12/2021 08:16

nice start.......

[waldron] 15/12/2021 06:16

European markets head for choppy open as investors focus on Fed decision

Published Wed, Dec 15 202112:36 AM EST

Holly Ellyatt
@HollyEllyatt
cnbc

Key Points

European stocks are expected to open flat to higher Wednesday as investor focus turns to the Federal Reserve’s latest monetary policy decision.

The U.K.’s FTSE index is seen opening unchanged at 7,229, Germany’s DAX 44 points higher at 15,527, France’s CAC 40 up 17 points at 6,922 and Italy’s FTSE MIB 93 points higher at 26,652, according to data from IG.

[boix] 14/12/2021 22:30

It’s unusual for someone to buy a huge amount of shares and they scare the market so much as to drive the price down?

[1224saj] 14/12/2021 16:06

I roughly calculate his average price at around 1.66, down from his original at 1.83?

[diku] 14/12/2021 14:30

If Goodmans is involved bound to be fancy valuation...





I’m still struggling to see how this paper talk of Openreach being worth £30-40b is justified?

Openreach install and maintain the network for BT, they don’t actually own it.

How do the papers justify that value, for a team of 30-40,000 contractors?

Sid.

[nige co] 14/12/2021 14:28

I agree Carful, BT in a few years from now after completion of FTTP will become a cash cow.

[grupo guitarlumber] 14/12/2021 12:53

BT prepares for battle as Altice increases stake

by Harry Baldock, Total Telecom

Tuesday 14 December 21

Billionaire Patrick Drahi’s Altice UK has announced today that it will increase its stake in BT from 12.1% to 18%, renewing takeover fears

Back in June, Patrick Drahi, the billionaire owner of Altice Group, announced that he had formed Altice UK, with the new company taking a 12.1% stake in BT for £2 billion.

At the time, this move caused a wave of uncertainty for BT’s leadership, who feared that Drahi would launch a takeover bid for the company, something that Drahi himself denied interest in.

As per the law, Drahi would not be allowed to increase his stake in the company for the next six months, giving BT plenty of time to shore up its defences and the media time to speculate about Drahi’s true intentions. Drahi would be allowed to increase his stake from December 11th.

In October, BT hired advisory firm Robey Warshaw LLP to work alongside Goldman Sachs to help them prepare for any potential takeover bid.

By November, rumours were circulating that Drahi did, in fact, want a bigger part of BT, with sources suggesting that BT’s low share price could further entice him to make a play for the company.

Now, just three days after the December 11 deadline, it seems that Drahi will indeed increase his stake in BT, boosting it from 12.1% to 18%. Once again, Drahi has emphasised that he does not intend to launch a takeover, saying he was “fully supportive of their [BT’s management’s] strategy, principally to play the pivotal role in delivering the expansion of access to a full fibre broadband network”.

The UK government, meanwhile, says they are “monitoring the situation carefully”, with analysts suggesting that their support for Drahi and any increased stake in BT will likely rest on how the move will impact the rollout of full fibre across the country. Nonetheless, the government emphasised their willingness to intervene if any deal was viewed as detrimental to the national interest, saying it “will not hesitate to act if required to protect our critical national telecoms infrastructure”;.

The investment comes at an interesting time for BT. While the company’s share price has been relatively stagnant for a number of years now, the company has typically failed to find potential suitors as a result of numerous factors, ranging from the impact of Brexit to BT’s complex relationship with Ofcom. More recently, however, some of these factors have begun to be resolved, most notably Ofcom granting Openreach additional certainty over their fibre investments, allowing the company to advance its £15 billion rollout plans. This may be a key factor in Drahi choosing to invest this year.



What impact would a takeover of BT have on the UK government’s goals to create a gigabit Britain? Find out from the experts at next years live Connected Britain event

[careful] 14/12/2021 12:46

With inflation on the way again, the last thing we should desire is paper cash, depreciating £ Stirling.
Remember Zimbabwe, Argentina, and the UK in the 1970's.

Cash is king only rarely, we are moving into an era yet again when cash is trash.

Hang onto to your assets, do not swap it for Monopoly money.

[nige co] 14/12/2021 12:40

BT owns all the network. Openreach is just the maintenance company.

[grupo guitarlumber] 14/12/2021 12:31

As with property and houses, the sum of the parts might well be worth much more the current whole or entity

who currently owns the masts and towers

[careful] 14/12/2021 12:26

Value of Open reach is not well understood.

Some on this thread are amazed that Openreach is valued as a stand alone operation, debt free at much greater than todays market value of the whole company.

It is just basic balance sheet understanding.

Imagine a buy to let investor who owns £5m of houses.
But he may have £4m of debt.
His net worth is £1m.

he should not get excited about the prospects that he could sell some of his houses, less tax, and raise more than his net worth.
If he sold all of his houses, less CGT and charges he would have a lower net worth. after clearing his debts.

[willoicc] 14/12/2021 12:19

Golden share was cancelled in 1997.

[spacecake] 14/12/2021 12:18

eaaxs06, Simple, they are talking out of there s*se !

[rudder] 14/12/2021 12:17

WelL if he is just an enthusiastic investor with too much money he’s getting the same treatment as everyone else who invests in a FTSE 100 company. :-)

[eaaxs06] 14/12/2021 12:16

I’m still struggling to see how this paper talk of Openreach being worth £30-40b is justified?

Openreach install and maintain the network for BT, they don’t actually own it.

How do the papers justify that value, for a team of 30-40,000 contractors?

Sid.

[chapchip] 14/12/2021 12:13

£3 for Open reach as a spin off would be ok...LOL

[careful] 14/12/2021 12:12

Hope they do not sell Openreach.

It has cost billions in debt to create Openreach.
Over the next few years it will pay off handsomely.

But to sell at £30bn and be left with the debt that created it does not make sense.
Even with the cash, less taxes, the balance sheet and business model would be destroyed.

I wish people would stop talking about it.

These chancers on the board owning just that would do just that.
Extract the cash.load up with debt then walk away.

The usual private equity trick.
Do not even think about it.

[spacecake] 14/12/2021 12:08

Ha Ha you are a tryer :-)

No Idea, but as a small BT retail investor I personally don't want to see the crown jewels sold off !!

[grupo guitarlumber] 14/12/2021 12:05

Could Openreach be split out as not a wholly owned BT entity thereby protecting the national secutity implications

[spacecake] 14/12/2021 12:02

I doubt Openreach could be sold off due to the National Security and investment act 2022, comes into effect in January.