Member Info for NigeCo

Good news for BT Sport.

https://www.itv.com/news/2020-05-28/premier-league-project-restart-june-17-manchester-city-arsenal/

My apologies Fleccy, you're quite right, I looked at the date that was under another article at the side that was dated 26 May. Thanks for the correction.

Notakin...... "Nonsense Openreach is not for sale."

Notakin, I hope that Openreach isn't for sale, I don't think that BT needs to sell off Openreach. However, there's usually no smoke without fire, so I wouldn't be surprised if this story has legs.

26/5/2020.............BT bounces on Openreach speculation, as European markets rebound

BT Group shares are higher after reports that it is in discussions to sell off a multibillion-pound stake in Openreach, in order to help fund its investment in accelerating the build of its FTTP network, with a target of 20m homes by the mid to late 2020s, and a target of over 2m in 2020/2021. The company is also spending a great deal of money investing in 5G technology.

Last week the company announced it was suspending the dividend until 2022, in order to help free up extra cash, while at the same time trying to fund a rising debt level, and pension deficit. The urgency is all the greater given last week's big deal between Telefonica and Liberty Global, as they look to compete with BT in the quad play space of home phone, broadband, TV and mobile contracts into a one-size-fits-all package. If BT is able to pull this deal off, and in some respects, it really needs to if the UK is able to get the broadband infrastructure it needs, then we could see a considerable uplift in the share price, given that Openreach’s assets have been valued somewhere in the region of between £15bn and £20bn.

https://www.cmcmarkets.com/en-gb/news-and-analysis/bt-bounces-on-openreach-speculation-as-european-markets-rebound

Good call Velo.

27 May, 09:44 120.15 GBX +5.05 (4.39%)

Gangstilla, Uncrossed Trade is the last trade of the day, they are a mixture of buys and sells, the result of the auction that takes place every trading day and announced @16.35pm. The UT is the final price of that trading day.

Gangstilla..... "An £11 mn buy just went through, looking good for continuing the recovery"

What you're referring to is the UT (Uncrossed Trade).

Dustymx..... "Just another correction from someone on here a while back. Mmo2 which then became o2 was not sold for 5 billion but 17.6 billion of which every shareholder got £2 a share, which is bizarrely way more then the whole of BT is worth now."

Thanks Dustymx for the informative comments above. Can you please disclose how BT shareholders received their £2 per share, was it through a special dividend? I wasn't a shareholder at the time of the sale of O2. Cheers.

NDN....... "The Cellnet split was many years ago, is the split you mention perhaps just in the USA ? Do not remember doubling my holding, thinking only in the US as info in your link is all in dollars.
The suns out, just waiting for the same to Cummings........."

NDN, yes I also noticed that the information I enclosed was referring to the USA. Like I say I wasn't invested in BT at the time, I just remember vaguely that there was a share split. However, if you were invested in BT long-term and don't remember there being a share split. Maybe I'm mistaken NDN.

NDN...... "Nige. Do you mean when BT sold Cellnet, one BT one Cellnet."

NDN, I wasn't invested in BT at the time of the 2 for 1 share split, so I don't know the reason behind the split in 2015.

"Nigeco I don't remember any 2 for 1 split in 2015 for bt."

The split for BT took place on December 08, 2015. This was a 2 for 1 split, meaning for each share of BT owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.

https://www.splithistory.com/bt/

Correction 2015 share split.

Jamtart... "It's not a fixation with BT's copper asset and its worth should not be ignored. Back in 2013 when the Chinese economy was booming the amount of copper cable being recovered was helping to boost the BT share price."

Add in the 2008 2 for 1 share split and 30 years of dividends, BT shareholders haven't done too badly in my opinion. I would think that shareholders have at least trebled their money.

"Monday 25th is also a public holiday in the USA"

Thanks for that Barbara, yes indeed NYSE is closed for Memorial Day, Monday May 25.

Otto.... "I'm out now but I hope so for everyone else, I just think it will drop slightly again and go up 80+"

Otto, over the pond the ITV ADR's were up 0.88% @ London close, and ended the session up 2.93%. If on Bank holiday Monday the USA ITV ADR's have a similar price move to the upside, we may start Tuesday open in London @80p.

Notakin...... "Has it actually occurred to anyone that the Openreach story might have been dropped deliberately ?"

Absolutely, not to mention directors had just loaded up with big share purchases, if anything was going on behind the scenes the BOD would be in very hot water and could face doing time if indeed a deal was agreed.

Toff..... "To sell the most profitable part of a business would be asinine and I can’t see it happening."

On reflection Toff I agree, it just wouldn't make good financial sense to sell off the family silver at this time. I could see BT selling off Openreach when the share price recovers to over 200p, at this time BT would be selling at strength, not at a weakness at this current time with the share price on its knees at 116p. This would then result in raising the BT share price of over 300p in my opinion.

I don't want to tempt fate but I think that ITV have turned a corner, once we get above 80p next stop 100p.

Jamtart........."How many times have we heard that over the years? Share issue price was £1.50 over thirty years ago and now look at it now . The cause? Leave that for you to work out . Shocking what was once a 'Rolls Royce Company'."

I seem to remember BT doing a share split, this should be taken on board, plus 30 years of dividends, shareholders also had the opportunity to sell @£10. The good times will be back, patience is needed.

Nokia and Openreach deploy next generation fiber access network to connect millions in UK to ultra-fast, reliable broadband access

https://seekingalpha.com/pr/17878232-nokia-and-openreach-deploy-next-generation-fiber-access-network-to-connect-millions-in-uk-to?ifp=0&utm_medium=email&utm_source=seeking_alpha&mail_subject=pre-market-summary-on-your-portfolio-portfolio-1&utm_campaign=nl-portfolio&utm_content=link-16