Bt Share Discussion Threads

[nige co] 23/5/2023 17:17

Stan, too true. Lol

I'm not sure of Drahi's intentions, he obviously isn't going to publicly say that he's going to make a bid. I very much doubt that our government would allow BT to be owned by a foreign company on security grounds. I also don't see Drahi investing in BT for its dividends either. I read an article last year when Drahi first purchased his initial stake in BT, it said that Drahi almost always ends up acquiring any company that he takes a stake in. Drahi's no fool, so what's his intentions?

Then we have Deutsche Telekom CEO Tim Hottges and what he said in March 2023.

[stansmith1] 23/5/2023 16:44

nigetoo true, i helped myself to another chunk..drahi accelerating our path upwards, i can think of a few british outfits that wish they had such a keen investor lol

[smurfy2001] 23/5/2023 15:26

Drahi is buying BT at a peanuts price.

[1224saj] 23/5/2023 14:17

Spot on Nige Co

[nige co] 23/5/2023 14:00

When full year results were announced last week and the share price was down 15p, it's not hard to see who took advantage of weak holders.

[1224saj] 23/5/2023 13:39

I wonder how many shareholders at sitting at Drahi's new average of £1.77

[isis] 23/5/2023 13:09

Why no RNS?

[1224saj] 23/5/2023 13:09

Dipso, I've now found the news articles.This would suggest that he's averaged down from his previous average of £1.83, my rough calculations show his average is now £1.77 taking into amount he's purchased another 7% of stock

[1224saj] 23/5/2023 12:58

Source of story please

[la forge] 23/5/2023 08:09

Jeremy Cutler

07:25 Tue 23 May 2023



BT Group PLC (LSE:BT.A)’s biggest shareholder Altice has increased its stake after swooping for a further 650mln shares.

Altice, owned by billionaire Patrick Drahi, now holds around 24.5% of the UK telco but reiterated it does not intend to make a bid for the firm.

Drahi took an initial 12.1% stake in June 2021, citing the opportunity presented by the national rollout of next generation broadband, and then increased it to 18% later that year.

Drahi, who founded Altice in 2001 and still serves as its chairman, said the investment was a sign of confidence in BT, given the UK government’s plan to expand next-generation full-fibre and gigabit-speed broadband across the country.

In August 2022, the UK government ruled the investment did not pose any national security concerns.

Shares in BT fell heavily last week after the company unveiled plans to cut between 40,000 and 55,000 jobs - up to 42% of its workforce - by the end of the decade as it looks to trim costs and become a “leaner business with a brighter future”.

The firm said the reductions, which include both employees and third-party contractors, would be completed between 2028 and 2030.


Proactive

[dealy] 23/5/2023 08:08

taken advantage of pathetic uk pension funds who have zero strategic vision

[dipso] 23/5/2023 07:32

Patrick Drahi's Altice buys 650.0m shares in BT, bringing total stake to 24.5%
Doesn't intend to make a bid

[jubberjim] 23/5/2023 07:21

Thanks extremely helpful

Could be some fun starting

[davemac3] 22/5/2023 13:12

massive volume today looks like somebody sold 250 mill

[eaaxs06] 22/5/2023 11:38

I have had a couple of messages asking me to update the daily closing gaps, which are often hit, so here goes.

Wednesday/Thursday last week took out a couple of lower gaps, at 149.4p and 134.1p, but opened one up of 148.1p. This was closed out this morning, with a small lower one opened at 144.95, so don’t be too alarmed if we return to that some time soon.

On the upside, the next higher gap is at a lofty 176.1p, from 27th July last year. Let’s hope that’s where we are heading, I hope that helps a few people out there.

Good luck everyone, Sid.

[fatmansays] 22/5/2023 09:41

9.27am: Citi thinks BT's asset quality is improving, adds to European Focus List

Shares in BT have gained 2% in early dealings as the stock rallies following hefty falls which followed last week's results and massive job cuts.

The broker notes th telco is doubling down on its strategy of building and connecting FTTH at pace and not limiting that to any free cash flow targets, which as a result are coming under some pressure.

"But this is temporary and in the meantime BT is delivering EBITDA growth, despite opex headwinds which should partly reverse from FY25," it said.

As such the asset quality is improving, core earnings are well supported and growing, while capex is at its peak and way above any other major European telco due to BT's rapid deployment and full transparency on investment, Citi explained.

"We reiterate our buy rating and also place BT on Citi’s European Focus List," the broker said.

[spacecake] 19/5/2023 08:44

"Very light volume, prices look odd."

What should they look like ?

The thing is for me with this kind of thinking is that it will not change anything, the market goes nuts over anything and nothing. Looking at share prices and trying to apply logic will put anyone trying into a hospital. I'm sure the board don't follow the share price or care about it otherwise it would better than it is.

[careful] 18/5/2023 16:09

About 60m shares traded out of about 10 billion.
we have been up to 8% down today after less than 0.6% of the shares have been traded.

Very light volume, prices look odd.
No one is interested either buying or selling.
Some big companies are considering listing in America to get better valuations.

Who can blame them, London has no liquidity so prices are too low.
Mug punters such as myself watch these stupid incorrect prices.
They are real enough if we wish to buy or sell.
Many are scared to buy, others refuse to sell.
We make the mistake of thinking that the market is smart.

If I judge that my goose will lay some golden eggs over the next ten years why should I give a damn what the market thinks it is worth?

[careful] 18/5/2023 12:27

Assets should rise to match increasing debt.
There is good debt and bad debt.

We all experience good debt when years ago we got the biggest mortgage we could handle, but a decent property with it and enjoy getting rich as the years pass.

Cost of capital 5% return on capital 12% is a good debt.


Just imagine going down to the the bank and getting a secured loan at 4% and buying 500,000 BT shares with it.
I wonder how it would perform over the next 10 years. Abut £2k p.a. to service less dividends.

I never had the courage.

[eaaxs06] 18/5/2023 12:18

I’m amazed at the market over reaction to the news of massive jobs cut, which everyone and their dog knew would happen. Even the CWU said it was ‘no surprise’

We’ve recruited like crazy to getting fibre into ducts, whilst enjoyed 130% tax relief for the expenditure, with virtually all that labour force realizing this would be a medium term contract.

It’s obvious those workers would be released when the project is completed.

Good luck everyone, Sid.

[essentialinvestor] 18/5/2023 12:16

Yes, but it's still debt that need to be serviced and it's up another £850 BN approx.

I'm just highlighting that looking solely at a very low multiple in the case of BT
does not give the full picture. You might still think BT is great value even allowing
for the debt etc.

[careful] 18/5/2023 12:12

Debt is bound to be higher when they are investing millions in fast fibre.
The important thing is to get a return on the investment.

[careful] 18/5/2023 12:10

I remember Una dancing with Cliff Richard who was driving a London bus.
Googled to see how old you were but sadly you have passed away.

Hope you hang in here and make some posthumous gains.

[1224saj] 18/5/2023 12:08

230 m down on profits 1 billion wiped off value of company that?s about right for the sick corrupt U.K. markets

[essentialinvestor] 18/5/2023 11:32

As BT net debt now significantly exceeds the market cap, a PE ratio of 6
only tells half the story - it's too rudimentary a valuation measure.

Profit is also boosted by a £642 Million tax credit, which the market will have noted.