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Yes IP3LY i have done the same.
Im convinced Mary was trying to tip us off , she knows something big is about to happen.
I shall be selling at 250p /share
On Monday a poster named MaryBr190 left the following short message
"Openreach Business briefing on Thursday"
It was odd, as despite making over 5000 comments on other share boards , she rarely if ever comments on our BT chat.
I checked it and yes there is a briefing tomorrow at 2 pm. see below
https://www.bt.com/about/investors/financial-reporting-and-news/results-events-and-financial-calendar/fy24
So there could be an announcement tomorrow , in the mean time i will be busy making some banners
Hallelujah
To infinity and beyond
It will be 565p for Christmas
Well pointed out Mary , im looking forward to it. It should be one hell of a briefing
https://bteuropecca.webex.com/webappng/sites/bteuropecca/meeting/register/6277f66c3b474cf083c2686420982611?ticket=4832534b0000000625b84d28787ed484ee26314427945bcba98ee264631cf3eb5b7ba21beeff53c8×tamp=1701707737661&RGID=r62f6823235badebccf504dd94ef1c6e1
Thanks fleccy , interesting
Just glad this will never happen to us.
Good afternoon Grand Master fleccy , you said earlier
"If a bid for BT was accepted and passed by the Government, there'd be nothing left to buy into. When companies are taken over they're delisted and either go into private ownership, or are absorbed into the company taking them over. If BT was taken over it would cease to exist as a tradeable entity."
In the above scenario , what would happen to shareholders (us) during this process.
Just curious , thanks
The usual groveling and brown nosing from SOM. Your the one that needs to get a backbone Rod.
I bet they carry you around in a bucket.
SOM says his BT shares are worth £5.65 each , and he has the purchase receipt to prove it.
The SP seems to repeatedly get to about 123p , but never pushes on.
Whats going on?
115p target price!!!!!! That is a shocker. The article describes the current price (123p) as inflated.
It recommends SELL at 115p , i thought the plan was we top up at this price.
This is a blow for dividend reinvestment theory
BT are saved , our dividend is saved , WE ARE ALL SAVED
God bless the "super deduction"
((((((((((Where the hell has Senita gone? he needs to read this)))))))))))
page 2 of 2
“We’re in a period where we’re going to see very serious distress in our industry for companies that didn’t leverage prudently,” Malone said in a November interview with CNBC, pointing to Altice in particular. “It’s all toast . . . [Drahi]’s basically admitted that everything’s for sale, but you have all of this distressed debt that’s going to mature or go into default if it has covenants.”
A push into the US market has gone poorly for Drahi: since spinning off Altice USA from its European parent in 2018, the share price has collapsed by 93 per cent and the company has been losing subscribers.
The race to manage Altice’s debt comes as one of the group’s most senior executives was arrested over the summer in a corruption probe. The scandal involves the group’s co-founder Armando Pereira, who was placed under house arrest in Portugal in July, further spooking investors.
The criminal investigation centres on whether the 71-year-old executive worked with others to rig Altice’s procurement processes, with allegations that hundreds of millions of euros appeared to have been siphoned off illicitly. Altice has suspended a string of other senior executives around the world in the wake of the corruption probe. Pereira has previously denied wrongdoing.
Page 1 of 2
Altice sells chunk of data centre business to Morgan Stanley
Telecoms group owned by Franco-Israeli billionaire Patrick Drahi seeks ways to cut $60bn debt pile
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https://www.ft.com/content/dbd9e673-6734-4bc2-b4c8-78266f433cc9
Heavily indebted telecoms group Altice has agreed to sell a majority stake in its data centre business to a Morgan Stanley infrastructure fund as French-Israeli billionaire owner Patrick Drahi works to shore up the group’s finances.
Morgan Stanley Infrastructure Partners will take a 70 per cent stake in the network of 257 data centres across France at an enterprise value of €764mn. That is a multiple of about 29 times the company’s 2023 earnings before interest, tax, depreciation and amortisation of €26mn.
The sale is the first deal announced since Drahi said over the summer that Altice would explore selling assets alongside refinancing the group’s upcoming debt maturities. Investor concerns have mounted over the company’s $60bn debt pile — much of which was used to fund its expansion through acquisitions in the past decade — as interest rates have risen.
The company said the “transaction reflects Altice France’s strategy around balance sheet management, which notably includes executing inorganic deleveraging through proactive management of our non-core asset portfolio”.
The deal is expected to close in the first half of 2024 and will include a “build-to-suit” agreement with French mobile operator SFR that is expected to generate about €175mn over the next seven years.
Altice International, one of the three main companies of the group, borrowed €800mn from investors in October through a term loan in order to repay bonds maturing in 2025 at a rate of 5 percentage points over a floating rate benchmark.
Investment banks including Lazard, Goldman Sachs, Morgan Stanley and BNP Paribas have also been tapped to explore the sale of various assets, including a stake in SFR for about €3bn and Altice’s operations in the Dominican Republic and Portugal. Bankers have also speculated Drahi could sell French news network BFM and some of his 25 per cent stake in BT.
“The impression is that everything could be for sale,” said a banker in Paris.
Liberty Media chair John Malone, known as the “cable cowboy” and whose use of leverage to fund deals served as a model for Drahi’s own ambitions, has become critical of the group’s handling of its debt pile.
P.S. I can confirm Rod , i didnt read that.
Mandy you old fool
Every one in this chatroom knows , it wont be the CWU that tries to stop a foreign bid. It will be Government legislation recently introduced to protect sensitive national infrastructure , the nations broadband network is safe in our hands.
Also Rodney , you claim to hate the BT board members , the workers the CWU members and also the new CEO. So why the hell did you spend all of your money buying BT at £5.65/share.
Absolute madness
I dont understand it Abject , why didnt Mandy invest in Bells Whisky shares , rather than BT.
He would have made a fortune.
P.s he wont respond at this time on a Saturday night , as he will be comatose.
Sweet dreams Mandy from the CWU
"Dumb management. Dumb workforce. Dumb CWU. LOL"
But i bet they didnt buy in at £5.65/share. te he he he he he
Havn,t seen the master fleccy on for a while
I was looking forward to his next seminar on dividend reinvestment strategy and his argument that there will be "no bid." Apparently he had charts , graphs and stats.
Hope your well messiah
I see our resident Walter Mitty is repeating himself YET again
I do love the way my beloved CWU lives 24/7 rent free in his head - Its an obsession