Bt Share Discussion Threads

[wendsworth] 24/7/2023 16:04

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.

[1224saj] 24/7/2023 13:06

The thing is, where is this going to go at ex div, sub 1.20???

[smurfy2001] 24/7/2023 11:16

He's seeing a bargain with 6.25% yield.

[wendsworth] 24/7/2023 11:11

SP up because of VOD's trading update?

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

[diku] 24/7/2023 08:18

But surely they don't build stake sit on it only to see it get eroded...and somebody else is calling the shots (BOD)...

[nige co] 24/7/2023 07:02

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.

[action] 23/7/2023 23:03

Attack is best policy of defence. Does Draghi think he may be force to sell & hence roumers of increasing his stack in BT?

[covid 19 deal] 23/7/2023 14:59

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...

[diku] 23/7/2023 08:58

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.

[nige co] 23/7/2023 08:05

LET THE BUN FIGHT COMMENCE....

French billionaire fancies a bigger stake in rocky BT

[wendsworth] 22/7/2023 18:40

Who knows what 'Caribbean shell companies' have been up to regarding BT?

[diku] 21/7/2023 22:06

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...

[action] 21/7/2023 13:05

Drahi company debt mountain 50 bln. If he is force to sell bt stack , I recon 80p is on card.

[dexdringle] 21/7/2023 09:56

Who said anything about people acting in concert ?

[willoicc] 21/7/2023 08:51

There are rules about concert parties.

[dexdringle] 20/7/2023 14:44

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 ?

[trappy2] 20/7/2023 14:14

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.

[covid 19 deal] 20/7/2023 06:38

Fvuk uk plc......its broke

[covid 19 deal] 19/7/2023 21:30

Guys are you aware that your share dealing company who act as your nominee..loan your shares to be shorted in wild west....if you put a sell order with high limit price..they wont be able to loan your shares to shorters..just remember..your share dealing account company works against you

[action] 19/7/2023 17:15

Don't likes hording this one as too low. Will wait for re entry b4 exd if possible.

[covid 19 deal] 19/7/2023 17:13

Closed with wee 1000 profit...if it goes up tomorrow will short again

[careful] 19/7/2023 15:22

The mood has shifted today.
the UK market has been 30% undervalued.
inflation looks better, Gilt yields fall,
and now the big rotation into equities from gilts

You have to be in it to win it.
..even Labour are talking sensibly about the economy.
Several dragons are being slain at the same time.

Fasten your seat belts for takeoff.