George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Larry
"Then the key question is, how much would DT sell their shares for?? That is if Drahi were to get himself into the bidding seat, the best route to achieve this is to acquire DT’s shares. If this happens and Drahi achieved 30%+. Then Drahi cannot bid less than the highest price he paid for any BT share in his portfolio. So are DT king makers?? So how much do DT want for their shares??"
What if DT was to buy Drahis shares?
LONDON, Oct 3 (Reuters) - Vodafone and CK Hutchison, the owner of Three UK, have accelerated talks about a deal to combine their British operations, Sky News reported on Monday.
The two parties are hopeful of striking a deal by the end of the year to establish a joint venture or another form of combination, the report said.
A deal would create a market-leading business with some 27 million customer connections - making it larger than Virgin Media O2 and BT Group's EE, Sky added.
Representatives for Vodafone and CK Hutchison had no immediate comment when contacted by Reuters.
Shares in Vodafone jumped after the report and were up 2% at 103.16 pence by 0950 GMT, compared with a 0.8% fall in the FTSE 100.
Vodafone Chief Executive Nick Read had said in February the company was pursuing mergers with rivals in multiple European markets, spurred on by more favourable signals from regulators who have realised the value of network investment during the COVID-19 pandemic.
Discussions between Vodafone and CK Hutchison are now at a "relatively advanced" stage, the Sky report said, citing unnamed insiders but cautioned there was no certainty a deal will be reached.
The report said Hong Kong-based CK Hutchison has indicated during deal-related talks that it was seeking a valuation for Three UK of roughly 6 billion pounds ($6.7 billion), although it was unclear if that figure remained current.
Hadn’t heard of these before
Interesting article in Daily Mail - explaining why there was a Liquidity problem in pensions sector which in turn brought Bank of England into the action
Wonder how much this has been behind BTs recent fall - in scramble by Pension Funds for easy access to funds ?
Discuss
Hi Handy
No worries been on here for years - but choose to pay for Level 2 - doesnt get you much info but at least I get a rosette against my name LOL
If we ASSUME that BT maintains its dividend then surely this SP is extremely low thus giving yield stated - on the other hand is the market saying that this level of dividend is unsustainable - that is the question?