Bt Share Discussion Threads

[fewdollarsmore] 25/5/2018 08:08

Not as if he needs it but the poor souls losing their jobs certainly will

[montyhedge] 25/5/2018 08:07

Here we go 225p a given coming weeks. In my view.

[hamhamham1] 25/5/2018 08:00

nice start :)

[hamhamham1] 25/5/2018 07:56

Interesting read...

[minerve] 24/5/2018 23:53

"BT hands chief pay rise a fortnight after slashing 13,000 jobs"

How about not accepting the pay rise Gavin and showing a little empathy towards those who will lose their jobs?


It's not really asking too much is it?

[holly1000] 24/5/2018 23:08

FINANCEBT's U.K. Fixed Network Openreach Draws Buyer Interest?Dinesh Nair, Ruth David, Thomas Seal, Manuel BaigorriBloombergMay 24, 2018?BT's U.K. Fixed Network Openreach Draws Buyer InterestBT Group PLC Photographer: Patrick T. Fallon/BloombergMoreBT Group Plc, the former phone monopoly under pressure to return to growth, is considering options for its U.K. fixed network after getting informal interest from private equity and infrastructure investors, according to people familiar with the matter.The British firm is evaluating inbound proposals including minority and majority stake purchases in Openreach, the national phone and broadband grid it still controls, said the people, who asked not to be identified as the matter is private. The deliberations are early stage and the company may decide against pursuing any of the ideas, they said.More from Bloomberg.com: U.S. Launches Criminal Probe into Bitcoin Price ManipulationOpenreach, BT's most profitable business, could be valued at 12.4 billion pounds to 24.9 billion pounds ($33 billion), according to recent estimates from Berenberg and RBC Capital Markets, respectively. The wide range for Openreach reflects the vulnerability to regulatory decisions that affect prices it can charge customers.Hurdles to any potential deal include BT's preference to retain control of the grid, differences over valuation as well as risks related to regulation and Britain's planned exit from the European Union, the people said.Asset sales could help raise money for investments and preempt any moves from activist investors, with its shares languishing near the lowest in six years, said the people. BT is also looking at the possible sale of its mobile towers, two of the people said.A spokesman for BT declined to comment.Win Back SupportA sale of the grid would be a bold move for a telecom carrier struggling to win back support from investors, after a strategy update this month flopped as BT predicted that profits won't grow again until 2021. Chief Executive Officer Gavin Patterson is cutting thousands of jobs as he seeks to shrink costs, while also contending with rising competition in a mature market. The London-based company also has competing demands for its cash, as politicians and regulators demand investment in fiber broadband and the carrier faces large pension deficit payments.Openreach is central to BT's current strategy: responding to government, regulator and customer pressure, the division accelerated its fiber building commitments in February, upping capital expenditures in a pledge to connect 10 million U.K. premises by 2025. And earlier this month it launched new products which meld the fixed network's connectivity with wireless broadband from EE, the mobile carrier it bought in 2016. Patterson said BT is the only U.K. operator that can do this because none of its rivals also own both fixed and mobile assets of the same scale.Companies across Europe are reviewing businesses and streamlining operations as activist investors turn their focus to the continent. U.S. hedge fund Elliott Management Corp. has taken a stake in Telecom Italia SpA and is pushing for changes including improved corporate governance and the sale of assets, including a part of the network, to cut debt.Openreach brought in 2.5 billion pounds of earnings before interest, taxes, depreciation and amortization last year, almost double the EE mobile unit. The regulated business generates regular returns that could be attractive to infrastructure, pension, sovereign wealth and buyout funds, the people said.Infrastructure AssetsPrivate equity investors have been drawn to telecommunications infrastructure in recent years, striking multibillion-dollar deals for mobile towers businesses that carriers have been willing to offload. In the U.K., alternative network providers to Openreach have drawn interest, including the $750 million purchase of CityFibre Infrastructure Holdings Plc in April by funds including Goldman Sachs Group Inc.'s West Street Global Infrastructure Partners and Antin Infrastructure Partners.Any deal for Openreach could also be complicated, given its current arm's-length relationship with BT. The firm owns and controls the budget of Openreach, which sells wholesale broadband to communication providers including Sky Plc, Vodafone Group Plc and its own consumer business, but doesn't have sway over day-to-day operations after regulators forced a legal separation of the network last year. That separation was seen by some analysts as a precursor to an eventual spinoff or sale.

[tim 3] 24/5/2018 23:02

Minerve 24 May '18 - 13:15 - 28858 of 28871

Agree 100%.

[diku] 24/5/2018 22:37

Got this from Lloy thread...really worth a read for BT shareholders..

[redirect12] 24/5/2018 20:59

Openreach, BT’s most profitable business, could be valued at 12.4 billion pounds to 24.9 billion pounds ($33 billion), according to recent estimates from Berenberg and RBC Capital Markets, respectively. The wide range for Openreach reflects the vulnerability to regulatory decisions that affect prices it can charge customers.


Hurdles to any potential deal include BT’s preference to retain control of the grid, differences over valuation as well as risks related to regulation and Britain’s planned exit from the European Union, the people said.

Asset sales could help raise money for investments and preempt any moves from activist investors, with its shares languishing near the lowest in six years, said the people. BT is also looking at the possible sale of its mobile towers, two of the people said.

A spokesman for BT declined to comment.

Win Back Support
A sale of the grid would be a bold move for a telecom carrier struggling to win back support from investors, after a strategy update this month flopped as BT predicted that profits won’t grow again until 2021. Chief Executive Officer Gavin Patterson is cutting thousands of jobs as he seeks to shrink costs, while also contending with rising competition in a mature market. The London-based company also has competing demands for its cash, as politicians and regulators demand investment in fiber broadband and the carrier faces large pension deficit payments.

Openreach is central to BT’s current strategy: responding to government, regulator and customer pressure, the division accelerated its fiber building commitments in February, upping capital expenditures in a pledge to connect 10 million U.K. premises by 2025. And earlier this month it launched new products which meld the fixed network’s connectivity with wireless broadband from EE, the mobile carrier it bought in 2016. Patterson said BT is the only U.K. operator that can do this because none of its rivals also own both fixed and mobile assets of the same scale.


Companies across Europe are reviewing businesses and streamlining operations as activist investors turn their focus to the continent. U.S. hedge fund Elliott Management Corp. has taken a stake in Telecom Italia SpA and is pushing for changes including improved corporate governance and the sale of assets, including a part of the network, to cut debt.

Openreach brought in 2.5 billion pounds of earnings before interest, taxes, depreciation and amortization last year, almost double the EE mobile unit. The regulated business generates regular returns that could be attractive to infrastructure, pension, sovereign wealth and buyout funds, the people said.

Infrastructure Assets
Private equity investors have been drawn to telecommunications infrastructure in recent years, striking multibillion-dollar deals for mobile towers businesses that carriers have been willing to offload. In the U.K., alternative network providers to Openreach have drawn interest, including the $750 million purchase of CityFibre Infrastructure Holdings Plc in April by funds including Goldman Sachs Group Inc.’s West Street Global Infrastructure Partners and Antin Infrastructure Partners.

Any deal for Openreach could also be complicated, given its current arm’s-length relationship with BT. The firm owns and controls the budget of Openreach, which sells wholesale broadband to communication providers including Sky Plc, Vodafone Group Plc and its own consumer business, but doesn’t have sway over day-to-day operations after regulators forced a legal separation of the network last year. That separation was seen by some analysts as a precursor to an eventual spinoff or sale.

— With assistance by Sarah Syed

In this article
BT/A
BT GROUP PLC
203.15GBp-3.15-1.53%
TIT
TELECOM ITALIA S
0.73EUR-0.00-0.03%
CITY
CITYFIBRE INFRAS
80.30GBp-0.10-0.12%
GS
GOLDMAN SACHS GP
236.47USD-1.34-0.56%
Have a confidential news tip? Get in touch with our reporters.

[colonelgrim] 24/5/2018 20:50

References please ! !

[holly1000] 24/5/2018 19:42

BT Group Plc, the former phone monopoly under pressure to return to growth, is considering options for its U.K. fixed network after getting informal interest from private equity and infrastructure investors, according to people familiar with the matter.The British firm is evaluating inbound proposals including minority and majority stake purchases in Openreach, the national phone and broadband grid it still controls, said the people, who asked not to be identified as the matter is private. The deliberations are early stage and the company may decide against pursuing any of the ideas, they said.Bloomberg.

[holly1000] 24/5/2018 19:40

https://finance.yahoo.com/news/bt-u-k-fixed-network-170835458.html?guccounter=1BT up 1% on the Dow tonight .

[colonelgrim] 24/5/2018 19:37

No one mentioned falling from that cliff walk ham, we'll see how well the next leg of your walk goes tomorrow, give the lads my best wishes, fortunately I won't be accompanying you all!

[mbmiah] 24/5/2018 18:54

Debts are high, dividend increases the debt further. I'm still waiting for a move up before dipping my toe in.

[philanderer] 24/5/2018 18:27

How can they justify that ?? :-O

[toon1966] 24/5/2018 16:12

Admittedly this is the Guardian but still relevant: Headline BT paid chief £2.3m shortly after revealing 13,000 job cuts - article:

[hamhamham1] 24/5/2018 15:28

What time this afternoon was it going to fall off the cliff?
Seems to me to be about the same price as when you said it was going to fall.
Trump is in the news but thats not a BT specific issue.

[colonelgrim] 24/5/2018 14:53

Hows the cliff walk going lads(?), deal me out of this one wont you!

[toon1966] 24/5/2018 13:58

I see Monty has overdosed on the 'drivel' pills today.

[montyhedge] 24/5/2018 13:49

8p profit for bears, if it goes to 195p bulls potential 75p profit plus 10.55p dividend. To me no brainer.

[minerve] 24/5/2018 13:15

monty

The company is worth what it is worth. All because it starts at c£5.00 doesn't make the decision to sell at £2 a bad one. History is meaningless when the status quo is changing. If the share drops to, say, £1.80, makes selling at £2.00 look a good one. The share does not owe you anything no matter what price you bought it. You should ask yourself is the share worth £2.00 today considering circumstances today. Plenty would argue for and against IMO.

[hamhamham1] 24/5/2018 12:52

The government really need BT especially now because of their recently announced highly ambitious fibre roll out targets.
This is just a merry dance until it's announced how it will be done, either by gov subsidy or raising of fibre rental rates the installer can charge.

"Deliver a new national programme to incentivise and accelerate commercial investment in full fibre broadband networks, by harnessing public sector demand and stimulating private sector demand to reduce financial risk for investors"

[montyhedge] 24/5/2018 12:45

Your right, so they left it until 203p to sell, all the way down from 500p. Not very smart. Downside for bears is 8p to 195p upside 75p but with a 10.55p dividend due.

[minerve] 24/5/2018 12:40

Monty

Not all sellers are shorters!

[montyhedge] 24/5/2018 12:23

Way I see it upside 275p downside 195p. At 203p balls of steel to short at this price, with a 10.55p dividend on its way, bears have to pay that back.