Just because Bharti or anyone else won't be upping their stake does not make BTY a bad investment. The fact that Bharti might like to up his stake shows that it is. He didn't get where he is by poor investment decisions
I bought these last week at $18.06 after some analyst recommended them on CNBC. Now at $20.95. Unfortunately I didn't buy enough of them. Lets see what happens
However they would have got a lot of dividends in the meantime along with the special dividend due this month. It would be interesting to know what the Czech Sphinx may be thinking as he may soon be the biggest shareholder
The court of appeal today rejected a bit to revive a £1.3b lawsuit against BT alleging that they had overcharged customers. Perhaps commonsense will prevail in supreme court also