Bt Share Discussion Threads

[action] 28/8/2024 07:54

Sept24 is round the corner .anything can happen

[netcurtains] 28/8/2024 07:26

Do you think BT will recover somewhat?

It didn't go below £1.30 so perhaps the story was really old news?

Ex-div was on the 8th of Aug so really there is not much stopping a slow rise up....

[netcurtains] 27/8/2024 07:25

Early market does appear to think the fall was over done..
But early days...
But I am hopeful

[action] 25/8/2024 08:23

Waiting for 130p to average down.

[kiwi2007] 25/8/2024 02:07

Lex in last week's FT feels that - The ‘altnet’ threat to BT is overdone
Sky’s deal with CityFibre complements, rather than replaces, its existing arrangement with Openreach network

Text of article here:

[smurfy2001] 24/8/2024 20:15

Congratulations to Bharti Enterprises, a leading Indian business group with companies in telecoms, digital infrastructure and space communications, for its acquisition of a stake in BT Group. We (Barclays) are proud to have acted as sole financial advisor on this transaction, empowering Bharti Global to deepen UK-India ties, and underscoring BT’s vital role in expanding access to full-fibre broadband infrastructure for millions of people across the UK.

[netcurtains] 23/8/2024 14:31

Come on son!

[bargainsniper] 23/8/2024 10:31

Heading back to 145p after a fall on old news

[diku] 23/8/2024 08:56

Is that volume on ADVFN for real?...extremely low...

[diku] 23/8/2024 08:51

That can be normal service for mega companies...all too often the system is set up such the right hand doesn't know what the left hand is doing...all they have to do is a good nice polite talk over the phone...onto the next caller...

[wells777] 23/8/2024 08:20

Far from EXCELLENT service.
Past from pillar to post by 4 different individuals to try and sort out my account.
On the phone for 1hour 49 minutes.

ALLISON KIRKBY please take note.

[netcurtains] 22/8/2024 06:39

Lets get this back into orbit....

Thank you 😀

[1224saj] 21/8/2024 19:33

Likewise :-)

[davius] 21/8/2024 17:36

Just repeating it, not agreeing with it, otherwise I'd be selling rather than buying...

[1224saj] 21/8/2024 16:35

Davius, more tripe from UBS. I'm in telcos for 30 years. Had wholesale agreements with city fibre and talk talk, who are about to tap up their shareholders for cash, with Dunston having to dig deep. As for city fibre, it's the rural reach that has tied in Sky. This is an area than BT did not see as very profitable.This a buying opportunity, which UBS are trying to squeeze a little more out of weak holders.

[davius] 21/8/2024 14:52

Pressure on BT Group shares continued into a second session today as City experts calculated the Openreach impact of Sky’s landmark broadband deal with alt-net provider CityFibre.

The competition fears triggered by the new partnership wiped £900 million from BT’s value at yesterday’s close, erasing most of the gains seen since Bharti Communications last week disclosed it had bought the 24.5% BT stake previously held by Altice UK.

BT shares this afternoon traded 1.65p lower at 134.65p, a level that attracted the interest of interactive investor customers as one of our most-traded stocks for a second day in a row.

The shares were near 100p in late April but subsequently rallied on the back of new chief executive Allison Kirkby’s boost to free cash flow guidance.

Sky is the largest customer of BT’s regulated Openreach division, spending a reported £950 million a year in order to supply its six million internet customers with fibre broadband.

Yesterday Sky disclosed a long-term partnership that will also see it launch broadband services on the CityFibre network. The alt-net supplier has a footprint of 3.8 million and is committed to expand its network to at least eight million premises over the coming years.

It hailed the Sky partnership as “a huge vote of confidence” and one that cemented CityFibre’s position as the UK’s third digital infrastructure platform.

BT’s annual report in June revealed that Openreach had so far passed more than 13.8 million homes and businesses as it looks to meet a target of 25 million by the end of 2026. It has 30 million in its sights by the end of the decade.

A note published today by UBS estimates that the Sky deal will have an Openreach impact of about £120 million a year in terms of high margin wholesale revenue. This represents a 7-8% hit on BT’s normalised free cash flow over the medium term.

UBS, which has a price target of 110p after downgrading to a “Sell” rating last summer, warned that the partnership may not be the end of the bad news for BT.

While CityFibre’s target is eight million homes, UBS expects its ambitions will grow following the Sky deal and that this could mean the impact on BT doubles over time.

UBS said: “CityFibre is adding about 50,000 connections a quarter but we expect this to grow. We see a risk that Openreach has to cut fibre wholesale pricing to defend its position adding further downside – fibre pricing has already been reset twice.”

It also highlighted reports that Virgin Media O2 has revisited M&A discussions with TalkTalk, which is the second-largest customer of BT/Openreach spending an estimated £850 million.

TalkTalk has 3.6 million broadband customers, with its main infrastructure providers being Openreach and CityFibre.

UBS said: “Any potential acquisition of TalkTalk would give VMO2 a secondary brand to target the value segment of the market and yield potentially significant synergies from transferring subscribers over to the VMO2 network.”

The bank warns that a VMO2/TalkTalk deal could potentially put £385 million a year of Openreach revenues at risk. It added: “We reiterate our view that UK broadband infrastructure competition is increasing”

[netcurtains] 21/8/2024 12:30

Is it what rather than which? Not sure...

[justiceforthemany] 21/8/2024 12:03

Ridiculous over reaction yesterday.
Short seller driven.

[netcurtains] 21/8/2024 09:01

Yeah BT looks good bet.
Thanks

(I bought a few more as a result of positive article.
If it fell on negative article, statistically might recover slightly on positive)

[patio58] 21/8/2024 08:42

JPMorgan has reiterated its 'outperform' rating on BT Group Plc despite competition concerns hitting the stock following the announcement that Sky has signed a wholesale deal with CityFibre.BT's share price dropped more than 6% on Tuesday to settle at 136.3p after competitor CityFibre announced a long-term broadband partnership with Sky, which will see the latter offer its broadband to people on CityFibre's nationwide full fibre network.Sky's full fibre broadband is expected to be available on CityFibre's full fibre network from next year. Longer term, this will include more than 1.3m homes in hard-to-reach areas through CityFibre's participation in the government's Project Gigabit Programme.However, JPMorgan said the news shouldn't come as a surprise to BT shareholders. "There has long been speculation Sky would sign a deal with either VMO2 or CityFibre. We consider this a natural step as Sky looks to preserve its negotiating power and maintain strategic flexibility," said analyst Akhil Dattani.Dattani pointed out that only 1.5m of CityFibre's total 3.8m-home footprint overlaps with BT's coverage at 15m homes, and that the hard-to-reach areas CityFibre is targeting are only expected to see "limited build from BT"."Investors have long struggled with trying to model how the UK Fibre landscape will evolve, and what this means for BT's future fibre returns (the core driver of its investment case)," Dattani said.While the Sky deal will likely deal a blow to BT, the bulk of line losses are likely to come at the expense of Virgin Media O2 due to the areas in question, the analyst said. JPMorgan already predicts that BT Openreach's 70% network penetration will fall to 60% over the long term anyway."Hence we believe any material sell-offs [at BT] should always be seen as buying opportunities and we remain confident in our 290p target price (110% upside potential)," Dattani said.

[1i1i1i] 21/8/2024 08:32

JPMorgan stays positive on BT, downplays Sky deal with CityFibre https://www.voxmarkets.co.uk/articles/jpmorgan-stays-positive-on-bt-downplays-sky-deal-with-cityfibre-4480b35

[tyroneshares] 21/8/2024 07:51

Waiting for 130p-133p myself after ditching @144.9p last Wed.GLA

[action] 21/8/2024 07:43

Wait for 130p or nibble it now ..