Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Three things have made me happy today, the increased dividend, the increased share price and the thought that the shorters will make a loss, actually 4 things, Pollo Tang looks even more foolish after todays market reaction.
Https://news.sky.com/story/new-bt-chief-dusts-off-plan-for-sale-of-irish-corporate-unit-13117200
Are we following other UK Telecoms companies in selling off our overseas assets?
I don't want a bid for the simple reason we may get 50% upside on the current price, but long term I believe there is much more value in the company. We've all taken pain over the past years with the majority of us paying much more than the shares are currently valued at by the market, why take a short term upside and let the new owner reap all the long term benefits. Thanks but no thanks. I'm certain there will be significant job cuts in the near future and then the true value of the company will be seen.
Good to see the CFO has enough spare time to pick up another role, personally I'd rather he focussed on BT and turned the pitiful share price around.
"Simon Lowth, Chief Financial Officer of BT Group plc, will join the Board of Smith & Nephew plc as an independent non-executive director and a member of the Audit Committee and Nomination & Governance Committee with effect from 1 January 2024."
The BT bashing seems neverending
https://www.ispreview.co.uk/index.php/2023/07/numis-report-warns-bt-underplaying-the-risk-from-uk-altnets.html
You can register to attend if you've 2 hours to kill this afternoon
https://www.bt.com/about/investors/financial-reporting-and-news
Now up to 24.5%
https://www.proactiveinvestors.co.uk/companies/news/1015730/bt-s-biggest-shareholder-altice-raises-stake-to-24-5-1015730.html
I assume we should be hearing OFCOMs decision soon, as the scheme was due to start on 1st April and Ofcom delayed it by a couple of months it must be imminent?
Could see the share price rise and the start of a number of legal appeals
We always get negative news around the time of results being announced, look out next week for VM announcing they're expanding their fibre deployment, Alt nets have raised more funding and will take more business from Openrech etc.etc.etc. Happens every time, and then afterwards nothing happens, all empty noise.
So the good news we're increasing the dividend, the bad we can't count and we've been overstating the NAV, how can companies not do the basics correctly.
https://www.lse.co.uk/rns/NESF/quarterly-net-asset-value-and-operational-update-vy0926hkpzdbb44.html
https://www.bt.com/about/bt/our-company/group-businesses/business
Sadly there's still a few names on the list who needed to be moved on, could never understatnd how certain people failed at every role they were given but still remain in a job