Member Info for NigeCo

Velo..... "After pumping in this morning's opening, I think this bid speculation rally will continue should the SP close no less than circa 111"

Hi Velo, have you jumped aboard the good ship BT? I just thought with all the hard work that you put in analysing BT that you may have taken the plunge.

Now that BT have let the cat out of the bag, will we now get a bid? No reason to wait...

Think we could be nearer £2 than £1 by the summer of 2021. The football Euros will give a boost to advertising, it always does.

Toff......
"£2.25 a share would be a sound-out bid
£2.75 would be a serious bid - but not enough
£3 would sway the majority of shareholders to accept. (Still undervalued)"

I believe that Toff won't be far out, if indeed there is a bid. Someone would get a bargain at £3 per share, most BT shareholder I believe would be happy with £3 per share. Although, I'm not sure that DT would be having shares at 441p part of the EE deal.

ITV (LON:ITV), off 59%, may well be attracting some sideways glances – but more likely from within the media industry than from private equity (though never say never on that score).

https://www.proactiveinvestors.co.uk/companies/news/927382/bt-is-in-private-equitys-crosshairs-but-who-else-might-be-in-the-snipers-lens-927382.html

https://www.proactiveinvestors.co.uk/companies/news/927351/bt-jumps-as-it-brings-in-advisers-to-defend-against-possible-takeover-bids-927351.html

Wilson also noted that BT’s possible takeover might highlight other “bombed out UK-listed stocks that could be taken out by a timely takeover” such as broadcaster ITV PLC (LON:ITV), which has also seen its shares fall sharply over the year as it attempts to diversify its revenue streams away from a reliance on TV advertising.

https://www.proactiveinvestors.co.uk/companies/news/927351/bt-jumps-as-it-brings-in-advisers-to-defend-against-possible-takeover-bids-927351.html

Hoping to see some broker upgrades within the next few days. Although, I take very little notice of them these days.

Bricks..... "Good to see the SP finishing strong...120+ this week..."

Well doable I think mate. Maybe by tomorrow. Lol

Toff...... "The clues are in the shareprice. Watch out for anomalous price movements with no apparent news; the market always finds out before the public and when it does it will reveal itself in the shareprice"

I'm watching like a hawk. Lol. Cheers.

Toff........... "My understanding of the situation is this..

A number of private equity firms have met to discuss a possible bid for BT. Their intention is to divide the business and break it up. The main players are interested in openreach, which they know is out of reach unless they make a bid for BT in it’s entirety. As I posted yesterday any bid would be similar to the consortium which took ABN over in 2008 where the proceeds are divided up among different parties.

They’ve already sounded the BT board out regarding Openreach. The reason BT gave appointed Goldman Sachs to defend them is because word has got back that the same PE firms that were interested in Openreach are considering a hostile takeover bid.

Interestingly today’s negligible shareprice rise makes a bid more likely, as a depressed shareprice means it’s more likely to succeed. PEs main concern is a counter bid by another telecoms which is considered likely (Deutsche Telecom) And this is the elephant in the room. PE would have to be virtually certain DT wouldn’t make a counter bid before tabling an offer as this would push the price to more than they’re willing to pay."

Thanks Toff for your well detailed explanation. Much appreciated. Do you have anything that you would like to add to the below comment that you made a couple of days ago, I wouldn't blame you if you made no further comment, if you have heard something on the quiet? Cheers anyway.

Toff.... "Although there’s been no formal bid, there’re bidders waiting in the wings. It’s not a rumor this is very real - and I’ve been informed that bidders are prepared to go considerably higher than £15 billion."

"Don't you mean snickers."

I'll be snickering, or should that be s******ing when the share price hits 200p. Lol

"Early bargain hunters suckered in by MM'S down 2% already.!!"

It's not a sprint mate, it's a marathon.

EmmJane.... "Plus consensus on 30th June valuation is gbp9.1bln, which is throwing kitchen sink at it, so to me more upside to that no."

I cannot see that it could have increased from £1.1B at March 31 to anywhere near £9.1B in 3 months? I'm expecting it have gone up as BT stated, but not by £8B

Toff.......... "Yes. I put an automated order in which bought at 109
As you know I sold at a loss a few months back (134) so I’ve bought the same sized position back cheaper."

Well done Toff, hats off to you you've just made 25p per share minus selling and purchasing expenses. Let's hope that you have done the right thing. I would be interested to know what your contacts have had to say about this latest rumour? I would understand if you don't want to disclose. Cheers.

"https://uk.investing.com/news/stock-market-news/heres-why-bts-share-price-is-soaring-today-2195775"

"For example, there’s a huge amount of debt on the balance sheet. There’s also a gigantic pension deficit."

Another Fool that doesn't know his @rse from his elbow, that claims that BT's pension deficit is huge when in fact it's down from last years £7.2B to 31 March 2020 £1.1B.

Toff...... "especially if sovereign wealth funds also joined in. In return, the buyers get the infrastructure that will be throwing off cash for decades. That sounds like something for both sides to talk about."

I still think that Saudi Arabian Public Investment Fund (PIF) could well be involved in this potential deal. PIF have recently pulled out of their £300 million 80% share of Newcastle United FC along with the Reuben brothers. PIF is among the largest sovereign wealth funds in the world with total estimated assets of $382 billion.

Toff, did you manage to get back on board the good ship BT?

Lostsoul..... "Can anyone or does anyone have access to see the volumes sold or bough so far this morning"

If you go on to ADVFN under Trades at the top of the BT page it gives you live trades volume for purchasing and also sales. The page will time out after only a short few seconds, just reload the page by clicking on trades again. Link enclosed below.

Buys 11,487 Sells 11,750............. A sell trade just gone through for 2Million shares.

https://uk.advfn.com/p.php?pid=message&msg=0

Shorts are getting away very lightly I think, BT could have opened op a lot higher. Lucky shorter's.

Deos.... "Get in tomorrow or stay clear? Will probably goto £1.20 then drop back?

Anyone getting in now will have bought a bargain with or without a takeover bid BT are the biggest bargain in the FTSE100. IMHO.