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BT.A Bt Group Plc

0.70 (0.67%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bt Group Plc LSE:BT.A London Ordinary Share GB0030913577 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.70 0.67% 105.40 104.90 105.00 105.65 103.50 104.30 18,175,245 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Phone Comm Ex Radiotelephone 20.92B 1.91B 0.1916 5.47 10.43B
Bt Group Plc is listed in the Phone Comm Ex Radiotelephone sector of the London Stock Exchange with ticker BT.A. The last closing price for Bt was 104.70p. Over the last year, Bt shares have traded in a share price range of 101.70p to 161.35p.

Bt currently has 9,943,309,483 shares in issue. The market capitalisation of Bt is £10.43 billion. Bt has a price to earnings ratio (PE ratio) of 5.47.

Bt Share Discussion Threads

Showing 45526 to 45548 of 51950 messages
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I don't believe that Drahi, a billionaire would invest billions in a company that he wasn't sure of the outcome. He's not here to lose money. He hasn't become a billionaire by being foolish. So that leads me to think that he will be a winner in the end, he's playing the long game, he's got something lined up, that he must be pretty sure of the outcome. Time will tell, hopefully.

Since Drahi started purchasing his BT shareholding, the share price briefly breached £2 in June 2021, I would guess based on his share purchasing, before falling back. He purchased more shares and the share price almost touched £2 again in July 2022, he's since purchased his last lot with no reaction to the share price, now down at a depressed 124p. How many more times can the BT tree be shaken of weak investors. Is managements hand weaker now that Jansen is resigning in regards defending a bid. I think so. Is Drahi building his stake to do a deal with DT, who have said previously that they could make a deal with BT.

All things considered, is it now or never for a takeover bid?

nige co
If something happens to Altice, you are in for bargain of century as far as Bt share price is concerned.
Drawing is over streached with debt on his company balance sheet. Same as BT pension deficit blackhole.
Drahi must know something.
Will he be part of a takeover?
With 30% any takeover is bound to succeed with his support.

As for the share price retreating to 100p, BT will be just as valuable irrespective of the market price.

Top up, play the long game.

Thanks Nige. You are a respected poster.
1224saj: BT has done me proud over the recent past from October 2020 through to February 2022 ( 101.754 to 199.90 ) ...Have monitored since and been tempted on more than one occasion ! ...but not for me at present. What with pension deficit,strikes, , an unhappy workforce, looming job losses, infrastructure roll-out costs , Jansen leaving, the Drahi 'situation' ....competition issues etc, etc. If the latest Drahi issues proliferate then see the share price retreating to 100p again. So not even tempted in for the divi.
The thing is, where is this going to go at ex div, sub 1.20???
He's seeing a bargain with 6.25% yield.
SP up because of VOD's trading update?

Consider Drahi to be more of a problem than a positive for BT?

But surely they don't build stake sit on it only to see it get eroded...and somebody else is calling the shots (BOD)...
You don't become a multi billionaire (Drahi) by being foolish, a fool and his money....
Drahi is probably building his stake to sell on to the real interested party's. JMO.

nige co
Attack is best policy of defence. Does Draghi think he may be force to sell & hence roumers of increasing his stack in BT?
You spot on...its all ponzy scheme..ultimately they will take it down setting the bet on..they dont loose..only small PI get burnt like moth...
covid 19 deal
desperate???...lost interest...when the going gets tough cheerio...

The Mail on Sunday revealed days earlier that Jansen was 'desperate' to leave the group, which he has led since early 2019 and navigated through the pandemic.

The 56-year-old recently set out his long-term vision for the firm – which employs 130,000 – staff – outlining plans to cut up to 55,000 jobs by 2030, with many to be taken over by artificial intelligence.


French billionaire fancies a bigger stake in rocky BT

nige co
Who knows what 'Caribbean shell companies' have been up to regarding BT?
He could short his own shares...surely these guys just don't buy stake and sit on it...too many financial instruments at play at any give time...
Drahi company debt mountain 50 bln. If he is force to sell bt stack , I recon 80p is on card.
Who said anything about people acting in concert ?
There are rules about concert parties.
All this talk of HMG not wanting BT to fall into foreign hands. Surely at least 50% of the shares are already owned by foreign nationals / corporations ?

And if five different new foreign nationals each bought 9.9% gradually on the open market, when added to Draghi and DT would that not mean BT was almost 100% foreign owned with no formal takeover actually having happened ?

French-Israeli telecom magnate Patrick Drahi is in the headlines once again as news emerged this week that his Altice cable company co-founder and former COO, Armando Pereira, was detained in Portugal and remains in custody amid a sweeping corruption investigation.

Subsequently, Alexandre Fonseca, chairman of Altice USA and co-CEO of Altice Group, removed himself from all executive and non-executive duties at the company. Fonseca resigned from the board of Altice USA on July 15, according to an SEC filing.

According to a statement from Altice: “Altice International takes note that the Portuguese authorities have identified that Altice Portugal has allegedly been defrauded as a result of harmful practices and misconduct of certain individuals and external entities.”

Pereira’s detention came amid a three-year investigation into private corruption, tax fraud, and money laundering, according to published reports. Pereira is set to be questioned by a judge but it will not happen before tomorrow (July 19), the reports said.

The involvement of executives at the Drahi-owned multinational has left some with questions about what the implications are for Sotheby’s.

Just over four years ago, Drahi acquired the nearly 280-year old auction house for a cumulative $3.7 billion, and took it private via his wholly owned U.S. company, BidFair USA. Shares of Sotheby’s had formerly traded on the New York Stock Exchange under the ticker symbol BID.

While there is no direct connection between the corruption probe in Portugal and Sotheby’s, observers said the turmoil at two Drahi-owned companies is, at the least, a distraction at a time when the international art market has shown some signs of cooling and competition between the major auction houses remains intense.

“It’s pretty far removed, both geographically and probably from a management standpoint,” said an advisor who works closely with auction houses on behalf of consignors and clients. “But it’s certainly nothing that anybody wants to deal with. There are enough questions in the marketplace to begin with that no auction house wants to have anyone focus on anything other than the art market. No distraction is helpful in a weakening market.”

A representative for Jean Talamet, one of Pereira’s attorneys, told Artnet News, “At this point we don’t know how Mr. Drahi or Sotheby’s could in anyway be impacted in the case involving Mr. Pereira.”

Sotheby’s did not immediately respond to request for comment.

The latest scandal comes on the heels of what appear to be other tax-related woes for Drahi. Last fall, a cache of leaked documents obtained by hackers revealed that Drahi’s art collection valued at roughly $750 million and was facing challenges from Swiss authorities about possible tax penalties linked to the question of which “canton” or region he resides in.

According to a report in Le Monde last November: “A battalion of tax experts, a possibly backdated contract and several Caribbean shell companies: These were the components of the operation that allowed Patrick Drahi to avoid paying taxes on the transfer of his vast artwork collection, estimated to be worth [approximately] €750 million. This aggressive tax optimization strategy flirts with the edge of legality,” according to the report.

Another of Pereira’s attorneys, Pedro Marinho Falcao, told Bloomberg News that his client “has been the target of a widespread attack in Portugal in recent days. The communication surrounding this operation was done in such a way that it led to his being immediately found guilty in public opinion…the reality is not so simple.”

Drahi co-founded Altice, the telecom group that includes Altice Europe NV and Altice USA, which is listed on the New York Stock Exchange. While Pereira no longer holds a formal role at the company, he has long been considered Drahi’s “right hand man,” sources told Bloomberg.

Years of aggressive acquisitions driven by borrowing have left the businesses under the Altice umbrella with more than $50 billion of debt, according to the Bloomberg report.

Meanwhile, Altice USA’s chief procurement officer Yossi Benchetrit, who is Pereira’s son in law, has been placed on leave while the company carries out an internal investigation in response to the “circumstances in Portugal.”

“We take this investigation very seriously and will continue to act diligently and with urgency to make decisions that are in the best interest of our employees, customers, and shareholders,” said Dennis Mathew, chairman and chief executive officer of Altice USA in a memo cited by Bloomberg. “Altice USA conducts its business with the highest integrity.”

According to a separate Bloomberg report, bonds tied to Altice Group slumped after the news that key company figures are caught up in the corruption probe broke. “Altice International’s junior notes dropped around 10 cents on the euro to 54.5 cents since the start of the week,” the report said.

Fvuk uk plc......its broke
covid 19 deal
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