Get full fibre chap getting nearly 500 Mbps for £33 a month including phone. |
Paying premium rates with BT and getting only 34 Mbps
now just 19 Mbps and that is with a booster as well. ?????
May have to change internet provider,
especially as it is due to go up even further. |
Djnzloop, nice that I'm not the only one who got it wrong :-( thank the gods for the dividends :-) |
Interesting. I started at about the same price but only averaged down to about 200p. My first exit point as 20% loss around 170. personally I regret not sticking to my own 20% loss rule and selling up as I've been locked in for so long and capital could have been put to far better use. anyway hopefully an exit soon - or if momentum remains I will hang on |
Morning Smurfy, just need another penny on this and I'm even after 8 years of averaging down from 3.20, come on :-) |
That prat has done the rounds before. Clearly he thinks he is in the circle of trust, not |
 BT Group: reportedly approached Orange about possible partnership
JB.A.
Published on 21/03/2025 at 09h47
(Boursier.com) - BT Group is reportedly looking for partnerships to turn around its ailing international business. To this end, the British operator has contacted several potential partners, including AT&T and Orange, according to sources close to the matter quoted by ‘BloombergR17;. The discussions are preliminary and there is no guarantee that they will result in a transaction, the sources said.
BT's global unit has been holding back the group's growth for years, with profits and sales steadily falling.
This unit enables the British operator to serve customers all over the world.
However, many of the contracts generate little profit and are costly to maintain. The turnaround strategy of CEO Allison is to focus on the UK, where BT dominates the market.
The CEO recently stated that the international segment would be separated through a total or partial sale or a rationalisation.
‘We are keeping everything open and that means we have been talking to third parties about various possibilities,’; a BT spokesman told the agency, declining to comment further.
A spokesman for Orange said the company was concentrating on its commercial strategy, declining to comment on a possible approach from BT.
Translated with DeepL.com (free version) |
That was an ex BT employee who now works for Citi. They should sack him too.
Seriously! |
Like to know who |
Someone has recently lower tp to 110p |
It may be a 30month new high! |
Is the Indian rumour making the shorters nervous? Whatever im having a curry to celebrate |
Just hit 12 mth high 1.6220 :-) |
BT also benefited from an upgrade from analysts at HSBC who raised the target price to 220p from 200p. Shares gained 1.6 per cent, or 2.5p, to 161.2p. |
BT Group share price hits key level: can it surge to 200p?
BT Group stock price has rallied to a key resistance level.
The company's business is doing well as the management executes a turnaround.
Technicals suggest that the BT share price may jump to 200p soon.
BT Group share price has done well this year, mirroring the performance of other popular UK stocks like Lloyds and Rolls-Royce. It jumped to a high of 162.90p on Tuesday, a key resistance where it has failed to move above in the past. It has jumped by almost 70% from its lowest point in 2024.
BT Group’s business is doing well in a tough market
BT Group, the parent company of EE and OpenReach, is doing well at a time when the British economy is slowing.
Data released last week showed that the UK economy shrunk in January as consumer spending and business environment remained muted.
BT Group’s business does well when the UK economy is thriving because it is one of the biggest telecom firms in the country.
The most recent half-year results showed that BT Group’s revenue dropped by 3% to £10.1 billion. Its profit after tax dropped from £844 million to £755 million, while the earnings per share dropped to 7.5p.
Most of BT Group’s slowdown is coming from its business brand, whose sales dropped by 6% to £3.86 billion. This business was formed by merging BT Global and its enterprise units. It created a single B2B unit where customers would get products like connectivity, networking and cloud, phone and mobile, and security services.
BT Group’s consumer segment started to stabilize in the year’s first half, with its revenue falling by 1% to £4.83 billion.
The management continues on a turnaround strategy focused on five pillars. It aims to grow the reach of its OpenReach business, gain consumer growth, digitize most of its operations, and optimize the portfolio and capital allocation.
As part of the turnaround efforts, BT Group has announced plans to lay off thousands of workers in the next few years. It hopes to replace some of these workers with artificial intelligence tools.
BT share price has also done well as the management insists that it will achieve its target. Its guidance is that the annual revenue will be down by between 1 and 2%, the adjusted EBITDA will be about £8.2 billion and capital expenditure will be less than £4.8 billion.
BT Group share price has also done well because of its dividends. It declared a 2.4 pence per share in the last results and maintained that it will have a progressive policy that grows the payout each year.
The weekly chart shows that the BT share price has been in a slow uptrend in the past few months. It has jumped from last year’s low of 100p to a high of 161.20p, a notable level since it was the highest point in 2021, 2022, and 2023.
BT Group has formed an ascending triangle pattern, a popular continuation sign. It has moved above all moving averages, and most recently, it formed a golden cross pattern as the 50-week and 200-week moving averages crossed each other.
Oscillators like the Relative Strength Index (RSI) and the MACD have continued rising, a sign that it is gaining momentum. Therefore, the stock will likely keep soaring as bulls target the key resistance level at 200p. This price is both a psychological point and the highest level in 2018. It is about 25% above the current level. |
If he wishes to stake build he can do so at 240p thanks very much. |
Also from the FT article: -
"James Ratzer, analyst at New Street Research, estimates that Mittal has converted about 16 per cent of his stake in total into equity. Mittal would not look to increase his BT holding until that process was finished, said people familiar with the matter.
“There is very compelling logic to [Mittal] increasing his stake at the current valuation as BT continues its fibre rollout, which continues to add value for the company,” Ratzer said." |
Looking better here than it has for ages. Long may it continue.
Suet |
Well Sid, we broke 1.62 and closed above 1.61. I hope the gods are with us to north of 1.70 before the end of the tax year :-) |
All Indian mobile phone companies have awful customer service. |
Similar to Airtel Africa. Check out the major shareholders :Bharti Telecom (39.14%) Singtel (9.52%) Indian Continent Investment Limited (4.51%) Public float (46%)Circle the wagons,here come the Indians |
He's never likely to disclose what his true intentions are. |
So basically, he's selling down the derivatives contracts and buying shares on the open market. Not really lifting his stake then? |
Indian billionaire Mittal considering lifting stake in BT
Indian billionaire Sunil Bharti Mittal has reportedly indicated that he is considering increasing his holding in BT Group after taking a 24.5% stake in the telecoms firm last year.
The Financial Times cited people familiar with the matter as saying that Mittal, who bought the BT stake from Patrick Drahi's Altice in August last year, has privately suggested that he could expand his position in the company - held via his Bharti Enterprises conglomerate - as it continues to restructure and cut costs under chief executive Allison Kirkby.
It was understood that Mittal is in the process of converting his 24.5% stake, which was partly taken via derivatives contracts, into equity.
Mittal took an initial 10% holding last year, which is being increased to 24.5% after securing national security approvals in December.
The FT said New Street Research analyst James Ratzer estimates that Mittal has converted about 16% of his stake in total into equity. Sources said that Mittal would not look to increase his BT holding until that process was finished.
A spokesperson for Bharti told the FT the company "currently has no plans to buy any further stake above the 24.5%". |
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