Bt Share Discussion Threads

[calisar] 08/2/2023 15:34

BT announces tender offer for over £2 billion worth of notes
06 February 2023, 09:02Source - Alliance News
BT Group PLC on Monday announced it is launching three tender offers totalling £2.18 billion to improve its debt maturity profile and optimise liquidity, four days after it had said that its nine-month pretax profit was down by 15%.

The London-based telecommunications company said it offers to buy back €1.10 billion 1.0% notes due November 21, 2024, €575.0 million 1.0% notes due June 23, 2024 and €500.0 million 0.875% notes due September 26, 2023.

BT explained that it launched the buybacks to improve its liquidity and debt maturity profile. For the €500.0 million 0.875% notes due in September, it will offer a purchase price of 99.3% of the nominal amount, or €993 per €1,000.

The other two tender offers will be calculated by dealer managers, the company added.

Last week on Thursday, BT announced that its pretax profit in the nine months to December 31 fell 15% to £1.31 billion from £1.54 billion a year prior. Revenue decreased by 1.0% to £15.59 billion from £15.68 billion.

Class A shares in BT were 1.3% lower at 132.95 pence each in London on Monday morning.

[diku] 08/2/2023 14:47

Telcos still lagging behind with market rally...BT ought to be around 150 - 160p..

[smurfy2001] 08/2/2023 14:39

Rocketing!

Re-invested dividend as well at 5.75% yield 😲

[covid 19 deal] 08/2/2023 12:56

Even bt going up...no sign of dropping to 100p

[covid 19 deal] 08/2/2023 12:54

Confused what to buy...hardly any bootomed out share left

[covid 19 deal] 08/2/2023 12:51

Why broken bt going up

[gbh2] 08/2/2023 11:22

Up just under 5%

[jvin] 08/2/2023 11:12

Me to, I have gone blue....

[netcurtains] 08/2/2023 10:47

Still holding my breath.

[frontdoor bulls the grim bitch] 08/2/2023 08:27

Old droopy drawers, a false dawn, lol.

[diku] 07/2/2023 19:57

Monty here?...

[netcurtains] 07/2/2023 16:15

I'm going purple. How much longer do I have to wait?

[jvin] 07/2/2023 14:54

WAIT FOR IT.....how long Monty.

[backdoor grim] 07/2/2023 13:31

WAIT FOR IT !!!!!!!!¡

[backdoor grim] 07/2/2023 13:14

Preparing for a nose dive south.

Cheers Grin 🤪

[netcurtains] 07/2/2023 11:21

Price still lower than it was on Friday.

[shaker45] 07/2/2023 07:57

Well not in Uk!! Thankfully. And not share buyback. My bad. Just tender to refinance etc. But does look more upside and it is a decent div.

[shaker45] 06/2/2023 18:38

Looks like far more upside than downside at this point plus an attractive dividend - and share buyback?

[careful] 06/2/2023 15:37

Culture difficult to change at BT.
CWU still worship Scargill and Lenin.

[diku] 06/2/2023 09:23

The never ending cost cutting with mega companies...why was it allowed to be overly bloated in the fist place...



BT on track with its cost-cutting mission, says Hargreaves

[guss] 06/2/2023 09:21

Bully, I am

[frontdoor bull] 06/2/2023 09:21

Gussy

Its a donkey, get over it.

[frontdoor bull] 06/2/2023 09:01

And still sinking