Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
"BT has had a good quarter with encouraging market share performance, and we continued to make significant improvements in customer service".
"We had another record-breaking quarter on our full fibre build and a pleasing 37% increase in FTTP connections following the launch of Openreach's wholesale pricing offer. Our 5G build is also on track and now covers over 40% of the UK population with independently verified network leadership".
The BT share price is gearing up on anticipation of the half year figures and this latest boost means the shares have gained over 40% in the last 12 months.
BT is currently in the midst of a £15bn upgrade to the network with Openreach at its heart. CEO, Philip Jansen, said: "Openreach has now rolled out full fibre broadband to almost 6m premises and continues to lower its build cost. Its three largest customers are signed up to the new pricing offer as we see rapid adoption of what will be the UK's first nationwide full fibre network spanning 25m premises by 2026."
The BT share price is hearing up on anticipation of the half year figures and this latest boost means the shares have gained over 40% in the last 12 months.
BT is currently in the midst of a £15bn upgrade to the network with Openreach at its heart. CEO, Philip Jansen, said: "Openreach has now rolled out full fibre broadband to almost 6m premises and continues to lower its build cost. Its three largest customers are signed up to the new pricing offer as we see rapid adoption of what will be the UK's first nationwide full fibre network spanning 25m premises by 2026."
Remember, Russian firms and more importantly Eurasia Mining have a lot of potential to capitalize on higher demand for metals used in manufacturing electric vehicles, wind turbines and super batteries, Apurva Sanghi, lead Russia economist at the World Bank said.
Both the wind power market forecast to grow at a rate of 8% a year by Mordor Intelligence and the electric vehicles industry which Deutsche Bank expects to hit 25 million units a year by 2030 are fast-growing sectors which need metals that Russia has in abundance.
Palladium is essential to reducing emissions from cars. Russia is the single-biggest producer in the world said a representative from Saxo Bank. With governments from every continent falling over themselves to introduce subsidies for low-emissions vehicles, the Japanese, German, American and Asian, car industry will be knocking on the door of [Russias] Eurasia Mining producer of palladium, gold and platinum for their assets.
Hold on to your golden tickets.
The BT (LSE: BT.A) stock price has done very well in the past month, up by almost 16%. And incidentally, this is hardly the stock’s only gain in recent times. It is also up 57% over the past year. It is now back to its pre-pandemic highs of early 2020. One crucial development has taken place in recent months that could justify a continued rise in the BT share price. And that has to do with its dividends. Onwards and upwards