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(BT) BT Group General Share Chat

Discussion in 'General Share Chat' started by Microem1, Nov 6, 2015.

  1. Microem1

    Microem1 Administrator

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    (BT) BT Group General Share Chat
     
  2. monkswood

    monkswood A Legendary Member

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    I hold quite a few of these from just after the crash in 2008. Over the years have added and reduced as necessary but annoyingly missed buying more at 407 a few weeks ago on the general market pull back. Have been waiting for the QPP CR to release funds, some of which I intend to direct here. However it seems the SP is kicking off a bit earlier than I had hoped. BT usually go XD at Christmas which may be a chance to add on the pullback, assuming there is one.
     
  3. peakston

    peakston A Legendary Member

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    Neil Woodford's fund has sold over £200 million worth of the shares recently. He gives the reason his concerns about the pension deficit. That Woodford is couple completely out of his another 200 million amounts to the entire shareholding they had.
     
  4. MedicInvestor

    MedicInvestor Member

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    Anyone still invested in BT?
     
  5. SophieR

    SophieR Member

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    I am invested.

    I bought quite few last week after price dropped to about 300. I think it is a good recovery play that pays a decent dividend. Woodford holds 1.42% of his portfolio in BT (data from January portfolio update).

    SR
     
    Last edited: Feb 2, 2017
  6. MedicInvestor

    MedicInvestor Member

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    Okay, I'm thinking of buying into it as well. Are you in for the long term or ?
     
  7. Berwick

    Berwick Demi God of BlueShare

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    I'm thinking BT or more VOD and leaning towards more VOD.

    B
     
  8. ezglide

    ezglide Demi God of BlueShare

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    I have been a BT customer on and off for many years and would make the following observations. BT are expensive compared with their competitors. BT broadband is very unreliable compared with their competitors despite using the same network something which they have as yet been unable to explain to me.
    3 out of 4 members of my family have left BT in the past 2 years for cheaper more reliable broadband. The only reason I remain with them is for the BT sports and in particular the app on my tablet meaning I can watch a football match away from my house as long as I have wifi access. I have not paid BT's exorbitant prices for years and negotiate a good discount every year. Finally a good proportion of younger folks don't want a landline and rely on their mobile phones instead. A lot of people only have a landline in order to get broadband into their home and don't even plug in a fixed phone. There are increasing numbers of options to having a landline these days which are getting cheaper and more popular. I would be wary of getting into BT shares for all of these reasons.
     
    MedicInvestor and Berwick like this.
  9. MedicInvestor

    MedicInvestor Member

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    Appreciate it.
     
  10. Groucho

    Groucho Member

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    upload_2019-5-17_9-57-26.png
     

    Attached Files:

  11. Groucho

    Groucho Member

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    Financial results

    Results for the half year to 30 September 2021

    BT Group plc

    4 November 2021


    Philip Jansen, Chief Executive, commenting on the results, said

    "These results demonstrate an acceleration of pace in the transformation of BT. We are creating a better BT for our customers, the country and our shareholders. We're going further and faster on the UK's next generation connectivity; we're modernising BT and bringing down costs; and we're reinstating the dividend today, as planned.

    "After a record six months, Openreach has now rolled out full fibre broadband to almost 6m premises and continues to lower its build cost. Its three largest customers are signed up to the new pricing offer as we see rapid adoption of what will be the UK's first nationwide full fibre network spanning 25m premises by 2026. Meanwhile, our 5G network now covers over 40% of the UK's population and we have over 5.2m 5G ready customers. Together, our networks provide our customers with an unrivalled level of connectivity.

    "While we are serving our customers better than ever, BT is also changing rapidly internally. We have hit our £1bn cost savings target 18 months early, which allows us to bring forward our FY25 target for £2bn of savings to FY24. This is all part of creating a leaner BT with simplified processes and improved customer experiences.

    "BT is on track and with results in-line with our expectations, we are today confirming our financial outlook for FY22 and FY23. Looking further out, as we pass the peak of our fibre build and move towards an all-fibre, all-IP network, we expect a reduction in capex of at least £1bn and lower operating costs of £500m. From these two factors alone, by the end of the decade we expect an expansion of at least £1.5bn in normalised free cash flow compared to FY22, and that's before any benefits from increased revenue and further transformation efficiencies. Our progressive dividend policy will be underpinned by these increased cash flows as we move to sustainable growth going forward."



    BT Group plc (BT.L) today announced its results for the half year to 30 September 2021.

    Key strategic developments - accelerating the pace of transformation:

    • Adam Crozier joined the Board on 1 November, and will become Chairman with effect from 1 December

    • Ten communication providers including Sky and TalkTalk signed up to Equinox, Openreach's national long-term FTTP pricing offer

    • Launched Eagle-i, our flagship security platform that will predict and prevent cyber-attacks for enterprises

    • Delivered £1bn of gross annualised savings 18 months early at a cost of £571m

    • Brought forward FY25 target of £2bn gross annualised savings to FY24 with further savings in FY25, within the expected cost of £1.3bn; Group peak capex from FY23 now expected to be £4.8bn, down from £5bn previously

    • FTTP joint venture: with FTTP build costs coming down and take-up ahead of expectations, decided to retain 100% of the project for shareholders and to remain fully focused on driving build and take-up

    • Brought forward net zero targets to 2030 for operational emissions and 2040 for supply chain and customer emissions

    Strong operational performance:

    • Record Openreach FTTP build in Q2 and footprint now at almost 6m; expected average build costs lowered to £250-£350 per premises passed1

    • Openreach delivered strongest ever H1 for repairs on time at 87.1%, with highest proportion of customers back in service within SLA

    • Consumer and Enterprise have now connected over 1m homes and businesses to FTTP

    • Growth in fixed and broadband ARPC from Q1 into Q2 due to our convergence strategy and CPI+ price rise

    • 5G ready customer base over 5.2m

    • Consumer churn remaining near record lows resulting from strong customer focus

    Interim dividend of 2.31p per share declared; FY22 and FY23 financial outlook confirmed:

    • Revenue £10,305m, down 3%; driven by revenue decline in Enterprise and Global, flat in Consumer, partially offset by growth in Openreach; adjusted2 revenue down 3%

    • Adjusted2 EBITDA £3,748m, up 1%, with revenue decline more than offset by lower costs from our transformation programmes and tight cost management, and lower indirect commissions

    • Reported profit before tax £1,009m, down 5%, primarily due to higher finance expenses partly offset by increased EBITDA

    • Net cash inflow from operating activities £2,394m; normalised free cash flow2 £360m, down 15%, primarily due to higher cash capital expenditure and adverse working capital movements, offset by lower tax payments

    1 Excludes new builds and net of subsidies.

    2 See Glossary on page 3.


    • Capital expenditure £2,563m, up 30%, primarily due to investment in spectrum

    • Expect by the end of the decade at least £1.5bn expansion in normalised free cash flow compared to FY22, solely from lower capex and operating costs as we move towards an all-fibre, all-IP network, before any benefits of increased revenue and further transformation efficiencies, net of tax

    • Now expect around £5bn of carried forward tax losses from FY23 as a greater proportion of capex qualify for Government's cash tax super-deduction

    • Interim dividend of 2.31p per share declared

    BT Group PLC - Half-year Report #BT.A @BTGroup https://www.voxmarkets.co.uk/rns/announcement/4bfe9a63-2eaf-4ac9-95d8-3ac196fcf409 #voxmarkets undefined
     
  12. Groucho

    Groucho Member

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  13. Groucho

    Groucho Member

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    14 December 2021


    Altice UK S.à r.l ("Altice UK")

    Statement regarding BT Group plc ("BT" or "the Company")


    Altice UK - a company established and wholly owned by Patrick Drahi - announces today that it has acquired a further 585,476,188 shares in BT, increasing its ownership to 1,785,476,188 shares, which represents 18.0% of BT's issued share capital.

    Altice UK has restated its position to the Board of BT that it does not intend to make an Offer for BT and will be bound by that statement for the purposes of Rule 2.8 of the UK's Takeover Code.

    Patrick Drahi has stated:

    "We are pleased to take this opportunity to increase our shareholding in BT. Over recent months we have engaged constructively with the Board and Management of BT and look forward to continuing that dialogue. We continue to hold them in high regard and remain fully supportive of their strategy, principally to play the pivotal role in delivering the expansion of access to a full fibre broadband network; an investment programme which is so important to both BT and to the UK."

    Rule 2.8 statement

    Altice UK confirms that it does not intend to make an offer for BT. This is a statement to which Rule 2.8 of the Takeover Code (the "Code") applies. Under Note 2 on Rule 2.8 of the Code, Altice UK reserves the right to set the restrictions in Rule 2.8 aside in any of the following circumstances:

    a) with the agreement of the Board of BT;

    b) if a third party announces a firm intention to make an offer for BT;

    c) if BT announces a "whitewash" proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); or

    d) if there has been a material change of circumstances (as determined by the Takeover Panel)
     
  14. Groucho

    Groucho Member

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  15. Groucho

    Groucho Member

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    3 February 2022

    BT Group enters exclusive negotiations with Discovery, Inc. to create new sports joint venture


    Following a detailed process to identify the best way to generate investment and strengthen our Sports business, BT Group today announced that it has entered exclusive discussions with Discovery, Inc. on a deal to create a new sport and entertainment offering for customers in the UK.

    The new business would be a 50/50 joint venture, bringing together BT Sport with Eurosport UK. The new combined business would remain committed to retaining BT Sport's existing major sports broadcast rights while BT Sport customers would get access to Discovery's sport and entertainment content, including the discovery+ app.

    BT Group are aiming to conclude the exclusive discussions with Discovery, Inc. in early Q1 for the new company to be operational later this year, subject to completion of the deal and approval by the relevant competition authorities.

    Marc Allera, CEO BT Consumer, said: "The proposed joint venture with Discovery, Inc. would create an exciting new sports broadcasting entity for the UK and would act as a perfect home for our BT Sport business. With a shared ambition for growth, as well as the combination of our world class sports assets along with Discovery's premium sports and entertainment content, our customers will benefit from even more content in more places."
     
  16. Groucho

    Groucho Member

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  17. Groucho

    Groucho Member

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  18. Groucho

    Groucho Member

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