Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Also a reminder of what Numis also said only last week
Analysts at Numis upgraded their recommendation on shares of BT Group from 'sell' to 'reduce' after the share price moved to just 14% above their 140.0p target price.
Nevertheless, they predicted that so-called AltNets such as VM02 were set to consolidate "sooner rather than later", in order to gain scale, thus becoming a more meaningful threat to BT too.
"We believe BT remains materially overvalued, and that it is likely to be on the defensive for a long time," they added.
There was also the risk from VM02 wholesaling its wireline network and its proven ability to grow its network even as it was upgraded.
"BT is a tough investment no matter who runs or owns it."
A reminder of what DT said only last week
Deutsche Telekom said on Tuesday that it is considering options for its 12% stake in London-listed telecommunications company BT Group.
According to reports, chief executive Tim Hoettges said on a conference call that Deutsche Telekom expects movement within the next year.
"We have a lot of optionality in the BT business. It's too early to make a decision. We are entertaining all options," he said.
"I would say that in the next 12 months something is going to happen with the asset because the shareholder side is changing rapidly."
Hoettges was referring to the fact that French telecoms group Altice, which is owned by billionaire Patrick Drahi, took a 12.1% stake in BT in June.
that thought had occurred to me also yesterday
has he maybe not been getting right noises
not sure where we can find out this info - given that we didnt see him acquire stake - not sure we will see him divest
I think we would all agree that there has been no significant ‘bad’ news recently, but perhaps investors are following the news flow from alternative network providers such as CityFibre, and more established players such as Virgin Media, thereby raising questions as to how successful these players will be vs BTs roll out of Fibre Networks through Openreach.
Also the retail market remains very competitive and there are still some questions around the recovery from Covid.
BT now needs to demonstrate progress through consistent delivery of quarterly results.
A reminder of Jansens principal share purchases Holdings - he has significant "skin in the game" which gives me a degree of confidence nothwithstanding recent falls
14-May-21 Buy Philip Jansen 163.00 GBX 1,250,000
13-May-20 Buy Philip Jansen 109.60 GBX 1,834,000
06-Jun-19 Buy Philip Jansen 202.00 GBX 1,484,413
His Total Shareholding as at todays date is 5,375,727
"Nige - Todays Large BT Trades all reported as buys.
12:36pm 7.5M
14:03pm 968K
14:39pm 20M"
This is really confusing as Total Volume currently approach 40m - if as you say more than half volume is buys - why does share price drop?