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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bt Group Plc | BT.A | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.35 | -0.90% | 148.50 | 11:05:37 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 149.95 | 147.10 | 150.55 | 149.85 |
| Industry Sector |
|---|
| FIXED LINE TELECOMMUNICATIONS |
| Top Posts |
|---|
Posted at 16/9/2024 00:41 by tomke23 Some serious investors have bought in so long term prospects must be good. I know very little about BT but managing a major investment (copper to fibre) and managing a serious pension shortfall are both serious risks. I think I will wait on this one. If it falls to around c120p I will buy.Tom |
Posted at 21/8/2024 08:42 by patio58 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. |
Posted at 12/8/2024 08:23 by davius From the II pre-open report:Bharti Global said it has reached an agreement to buy a 24.5% stake in BT Group from Altice UK. The shares will be purchased through Bharti Televentures UK Ltd - a company established and wholly owned by Bharti Global. It said it has entered into a binding agreement with Altice UK to acquire a 9.99% stake of BT's issued capital imminently with the balance 14.51% of BT's share capital to be purchased following receipt of regulatory clearances. Bharti said it has no intention of making an offer to acquire BT. Sunil Bharti Mittal, chair of Bharti Enterprises, said: "This investment demonstrates the confidence we have in BT and in the UK. BT has a strong portfolio of market leading brands, high-quality assets and an experienced management team with a compelling strategy mandated by the BT Board to deliver value over the long term, which we fully support." In response, BT CEO Allison Kirkby said: "We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the future of BT Group and our strategy." And the morning report:: In the FTSE 100, BT Group took the lead, jumping 6.3%. Bharti Global said it has reached an agreement to buy a large stake in BT from Altice UK, sending shares in the London-based telecommunications operator upwards. The Delhi, India-based telecommunications company said it will buy a 24.5% stake in BT from Altice UK, a subsidiary of Altice Europe NV, which is lead by Israeli billionaire Patrick Drahi. Bharti said it has entered into a binding agreement with Altice UK to acquire a 9.99% stake of BT's issued capital imminently, with the balance 14.51% of BT's share capital to be purchased following receipt of regulatory clearances. Sunil Bharti Mittal, chair of Bharti Enterprises, said: "This investment demonstrates the confidence we have in BT and in the UK. BT has a strong portfolio of market leading brands, high-quality assets and an experienced management team with a compelling strategy mandated by the BT Board to deliver value over the long term, which we fully support." In response, BT CEO Allison Kirkby said: "We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the future of BT Group and our strategy." |
Posted at 12/8/2024 07:45 by diku Think investors stuck here from many moons ago would like to see BT trading around 250p+... |
Posted at 12/8/2024 06:18 by dipso BT Group notes that Bharti Global has reached agreement to acquire c24.5% of the issued share capital of BT Group from Altice UK.Allison Kirkby, Chief Executive, said "We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the future of BT Group and our strategy. BT has enjoyed a long association with Bharti Enterprises, and I'm pleased that they share our ambition and vision for the future of our business. They have a strong track record of success in the sector, and I look forward to ongoing and positive engagement with them in the months and years to come." |
Posted at 08/8/2024 10:44 by smurfy2001 Well that's the last time l read a CITY AM post, absolute muppets. Ex-dividend is plunged according to them.== City A.M. @CityAM BT shares have plunged in early deals this morning as investors started to fret about the outlook for the FTSE 100 company, and the company went ex-dividend. |
Posted at 27/5/2024 09:01 by vlad the impaler In another world, the investors love the traders and the shorters. Those guys really optimise their timings. And the investors cover reasonings to hold trades etc.But unfortunately, the likes of lse and advfn and II's etc? Its all wind and unwarranted egos Translated Dimmo's |
Posted at 20/5/2024 16:19 by institutional investments Pretty impressed with the Asian investors out there. Seem much smarter than the US and EU onesi dont think fair to compare to UK investors. It would be unfair to the uk ones |
Posted at 17/5/2024 15:14 by davius From II this afternoon:Telecoms re-ratings underway It is a moot point whether BT and Vodafone Group soaring this last week in part reflects being caught up in exuberance – or has something fundamentally changed about the sector? As with the banks two months ago, I believe the key trigger with both stocks is perception of radically improved cash flow translating into shareholder returns. Whether or not investors currently wear rose-tinted glasses, they now see BT’s circa 6% yield as generous versus the group's underlying risks. Vodafone will yield more like 5% due to re-basing the dividend yet disposals are enabling a buyback programme that should support the stock. A circa 35% surge in BT from recent lows has caught out short-sellers who until this week had bet on fierce competition remaining in telecoms, and also high borrowings checking returns. The new story on BT is quite speculative given it hinges on the CEO having proclaimed “a path to more than double our normalised free cash flow over the next five years.” In an equities bear market, no way would that command attention. Investors would await proof. The 2023 operating results show the business muddling along, and the latest dividend is being raised 4% to 8.0p per share despite net debt including leases at 1.1x annual revenue. Yet a 6% yield around 134p per share is perceived as supportive enough now expenditure for full fibre and 5G roll-out looks like it is peaking. Many investors sense that despite telecoms being highly competitive, a lot of people cannot be bothered with the hassle of switching. Instead, they remain in contracts rising annually at near 4% plus the inflation rate. Yes, I am one of them. I have rated BT “buy” at 102p in October 2020 and 124p last November. It has been a volatile ride, albeit a 7.7p dividend since the March 2022 year provided a decent return. I retain a “buy” stance, although mind that the stock has just had a big surprise on the upside and shorts are cornered. It might pay in the short term to let this unwind and sentiment to settle down. |
Posted at 16/5/2024 10:51 by davius BT Group +11.93%BT Group reported full-year adjusted EBITDA up 2% to £8.1 billion, roughly in line with analysts’ estimates for £8.125 billion on revenues up 1% to £20.79 billion, also largely matching estimates for £20.87 billion. Free cash flow beat analysts’ expectations and the FTSE 100 telecoms giant is increasing its dividend by 3.9% to 8p per share, sending shares soaring today. BT is on track or its biggest one-day gain since November 2021. Also boosting the stock, BT provided new upbeat guidance for significantly increased fresh cash flow. It is aiming to more than double its normalised free cash flow over the next five years. Plus, it plans to achieve a further £3 billion of gross annualised cost savings by the end of FY29. BT struck a positive tone towards the broadband market, saying it will recover over the medium term. BT also said it enjoyed strong Openreach customer demand for FTTP (fibre to the premises) in the fourth quarter. Allison Kirkby took to the helm as CEO in February 2024 and appears to be trying to win over shareholders, attempting to boost its struggling share price with a better-than-expected free cash flow performance, a focus on cost savings, and by increasing the company’s dividend payout. She’s been facing a tough battle since a lot of major investors have been shorting the stock – investors placed a record £300 million bet against BT, according to an FT report this week, which will be getting squeezed today. Her strategy appears to be focusing on the UK by investing £15 billion in its full-fibre UK broadband rollout, revitalising its lacklustre business division, and continuing with its major cost cutting programme. Kirkby said she’s exploring a number of options for all of BT’s international footprint – one option is to consider partnering opportunities. However, high levels of spending and borrowing as well as stiff competition in the sector from alternative network providers have punished BT’s share price, which is down by around 18% year-on-year. There are also concerns about the potential merger between Vodafone and Three, which would hurt BT’s consumer brand EE. |
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