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16 June 2021
08:54 hour

The BT share price jumps after Altice buys 12%

The Motley Fool UK

10/06/2021 - 11:39

The BT share price has surged in value over the past 12 months, but despite this performance, the stock still looks cheap, argues this Fool. The post The BT share price jumps after Altice buys 12% appeared first on The Motley Fool UK.


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  1. : Billionaire Patrick Drahi’s Altice snaps up $3 billion stake in telecom giant BT (10/06/2021 - Market Watch)
    France's Altice said it had no intention of making a takeover offer for BT and that it held the U.K. telecom group's management in "high regard".
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  2. : Billionaire Patrick Drahi’s Altice snaps up $3 billion stake in telecom giant BT (10/06/2021 - Market Watch)
    France's Altice said it had no intention of making a takeover offer for BT and that it held the U.K. telecom group's management in "high regard".
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  6. I was right about the BT share price. It’s jumped nearly 9% in a week (11/06/2021 - The Motley Fool UK)
    BT Group (LSE: BT.A) shares are widely held by UK private investors. That’s largely because formerly state-owned BT was privatised in three stages (in December 1984, December 1991, and July 1993). As a result of these epic share sales, hundreds of thousands of Brits became first-time investors. Even today, almost 37 years after the first flotation, the BT share price is closely watched all across the UK. The rise and fall of the BT share price At the end of last century, the BT share price was at a record high, closing at nearly 1,050p on 30 December 1999. But the shares, artificially pumped up during the dotcom boom, came crashing back to earth when this market bubble burst. On 14 March 2003, they closed at 160p, down almost six-sevenths (-84.8%) from their stratospheric highs. In the aftermath of the global financial crash of 2007-09, the BT share price closed below 77p on 27 March 2009. What a spectacular fall from grace. However, the BT share price then roared back to life in a six-year comeback. On 27 November 2015, it closed a whisker short of £5. Alas, this was followed by another multi-year decline, with the stock crashing even further thanks to the Covid-19 crisis. On 29 September 2020, BT.A closed at 97.86p, back below £1 once again. But then came ‘Vaccine Monday’ (9 November 2020), when news of effective coronavirus vaccines had the world celebrating. Since late September, the BT share price has more than doubled, rising 95.3% to clear 191p as I write on Friday afternoon. When will BT clear £2? Yesterday, the BT share price hit an intraday high of 198.15p, its highest level since early January 2020, before Covid-19 menaced the world. What’s more, the shares are up two-thirds (67.6%) over the past 12 months. That’s a hefty reward for those brave or lucky enough to buy during 2020’s lows. Last Thursday (3 June), I reported that Deutsche Bank had downgraded the BT share price to ‘sell’, with a reduced price target of 140p. I disagreed, arguing that, with the stock at 175.95p, “I’d be a cautious buyer at current levels”. The shares have since risen a further 8.7% to today’s 191.23p, having dropped around 7p since yesterday’s morning surge. This latest leap in BT shares followed news that French-Israeli billionaire Patrick Drahi’s Altice UK telecom group has bought almost an eighth (12.1%) of BT. Clearly, news of a new anchor shareholder in BT encouraged other investors to buy the stock. This pushed it to new 52-week highs. I don’t own BT shares at present. However, I’m still positive on the BT share price, even after this recent rise. Indeed, I expect it to clear £2 soon. After all, the return of the 7.7p-a-share dividend should attract income investors like me keen to bank a dividend yield of 4% a year. Likewise, progress on BT’s pension deficit and a favourable wholesale market review would also support a higher BT share price. But any comeback is likely to be a rocky road, given BT’s history and the immense challenges it faces. Notably, the group must commit billions of pounds in capital expenditure to roll out full-fibre broadband across the UK. Even so, with a new but highly experienced partner on board, the future may look brighter for £19.4bn BT and its long-suffering private shareholders! The post I was right about the BT share price. It’s jumped nearly 9% in a week appeared first on The Motley Fool UK. Our 5 Top Shares for the New “Green Industrial Revolution" It was released in November 2020, and make no mistake: It’s happening. The UK Government’s 10-point plan for a new “Green Industrial Revolution.” PriceWaterhouse Coopers believes this trend will cost £400billion… …That’s just here in Britain over the next 10 years. Worldwide, the Green Industrial Revolution could be worth TRILLIONS. It’s why I’m urging all investors to read this special presentation carefully, and learn how you can uncover the 5 companies that we believe are poised to profit from this gargantuan trend ahead! Access this special "Green Industrial Revolution" presentation now More reading The BT share price jumps after Altice buys 12% This bank says the BT share price is “overcooked”. I disagree! I think the BT share price will head higher in June Does the current BT share price represent a FTSE 100 opportunity? Will BT’s share price recover in 2021? Cliffdarcy has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
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  8. Altice becomes BT Group's top shareholder with $3.1B purchase (10/06/2021 - Seeking Alpha)

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  17. 3 winning FTSE 100 shares to buy today (12/06/2021 - The Motley Fool UK)
    We’ve seen some storming FTSE 100 share price leaps in 2021. But which of the year’s winners still look like buys today, even after their gains? It depends a lot on an individual investor’s strategy. But here are three firmly on my shortlist. BT Group (LSE: BT-A) can’t blame Covid-19 for its recent poor stock market performance. No, the telecoms giant’s share price has been weakening for years. Against the background of the BT share price slide, I can’t even see the 2020 stock market crash. But anyone who bought at the end of 2020 is sitting on a 2021 profit of approximately 40%, so far. The shares are still down more than 50% over the past five years mind, while the FTSE 100 is up 15%. And the reason seems clear enough. BT’s profits have been sliding, year after year. The company has been hampered with debt and with its longstanding pension fund deficit too. But I reckon I saw signs of change in its 2020 results. BT plans to resume payments in 2021-22, at 7.7p, half the 2019 level. The expected reduction in pension fund repayments, starting in 2024, dropping from £900m to £600m per year, should help with cashflow too. In all, I reckon BT might finally be pulling things around. But any hiccups in debt or cashflow could still bite. Another turnaround My next pick, WPP (LSE: WPP), has been turning things around too. The FTSE 100 advertising and PR giant went into a slump after the departure of founder and CEO Martin Sorrell. Over five years, WPP shares have lost around a third of their value. But after a sharp slump in the 2020 crash, the price has been coming back. Over 12 months, WPP has put on more than 40%. And 2021 accounts for a gain of a little over 25%. But where is the business going now? Companies slashed their advertising and media spend during the Covid crisis, and that led to WPP recording a loss in 2020. But as economies reopen, and forecasters predict strong growth, companies need to get back to wooing their potential customers. It’ll be hard to put a valuation on WPP shares until the company is back to sustainable profits. And I could be premature in my expectations on that score. But WPP has been buying back its own shares in 2021, so it’s not just me who thinks they’re cheap. Biggest FTSE 100 winner The biggest 2021 rise of my three choices comes from Melrose (LSE: MRO). This investment company acquires underperforming engineering firms and tries to turn them round. During the 2020 stock market crash, we might argue there were plenty of potential targets going cheap. But, at the same time, the prospects for rescuing troubled businesses were also hammered, and Melrose suffered. The Melrose share price has doubled since the start of 2021, which might look like a great performance. But that’s just getting back to where it started before the pandemic. Over two years, the shares are pretty much flat, just a shade ahead of the FTSE 100. The big question now is whether the prospects for Melrose justify a valuation that’s in line with pre-crash levels. That’s where the risk lies. But I’ve always liked the company’s long-term prospects, and that hasn’t changed. The post 3 winning FTSE 100 shares to buy today appeared first on The Motley Fool UK. 5 Stocks For Trying To Build Wealth After 50 Markets around the world are reeling from the coronavirus pandemic… And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains. But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times. Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down… You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm. That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. Click here to claim your free copy of this special investing report now! More reading I was right about the BT share price. It’s jumped nearly 9% in a week The BT share price jumps after Altice buys 12% This bank says the BT share price is “overcooked”. I disagree! 2 FTSE 100 shares I’d buy this June I think the BT share price will head higher in June Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has recommended Melrose. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
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  44. FTSE 100 investing: 2 bargain buys I’d consider today (25/02/2021 - The Motley Fool UK)
    A slew of FTSE 100 companies have released their results today, but investors are not impressed with all of them. Curiously enough, this is despite their posting decent results or their long-term prospects. I think this makes it a good time to consider buying these shares at a bargain. Here are two of them.  #1. Hikma Pharmaceuticals: defensives drop The FTSE 100 drug manufacturer Hikma Pharmaceuticals (LSE:HIK) turned in a broadly robust set of numbers for 2020 today.  Its revenue is up 6% and operating profit has risen by 17%. It has also increased its dividend amount by 15%. Its earnings per share are down, but I would be more worried if this was reflected in the dividends, which it is not. Hikma is also optimistic in its outlook for 2021. Yet, its share price is down almost 6% as I write. I reckon this is for two reasons. One, defensives are out of favour. AstraZeneca, for example, is down 25% from the highs seen in July last year. Hikma too, has witnessed a broad share price softening since the market rally started.  Two, in my observation it sometimes takes a day or two before the results’ impact shows up on the share price. I think that might be the case with Hikma, though other explanations are possible too. For instance, its operating profit is below analysts’ forecasts. We will know more soon.  In the meantime, I think it is a good stock to buy. Actually, going by its financials, any time is a good time to buy it, but more so now when its share price is down. There is, of course, the risk that defensives will remain out of favour as stock markets stay elevated. That would mean that its share price could continue to remain weak.  But I see little chance of that happening.  Hikma shares have a price-to-earnings (P/E) ratio of around 10 times right now. As other stocks start looking expensive, I reckon investors will circle back around to the likes of bargain buys like HIK. #2. Mondi: FTSE 100 long-term play The FTSE 100 packaging and paper provider Mondi (LSE: MNDI) released its results too, resulting in a small share price drop. Both its revenues and profits have been impacted in 2020, but I think of Mondi as a long-term play. Its fortunes are tied to the online sales market, which is really the way we will shop in the future. Digital sales have boomed in 2020, acclerating the process. This has positively impacted companies from e-grocers like Ocado to warehousers like Segro. MNDI is no different, which could otherwise have suffered far more in a lockdown.  I think over time it will benefit even more. Investors clearly think so too, going by the fact that its share price recently touched multi-year highs. Moreover, its P/E is still at 11 times right now, indicating that it is a bargain buy compared to many other peers. I think it will start rising again.  The risk I see here is that MNDI is that it may take a while to get its financial act back together. Till then its share price could really languish.  There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Don’t miss our special stock presentation. It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about. They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market. That’s why they’re referring to it as the FTSE’s ‘double agent’. Because they believe it’s working both with the market… And against it. To find out why we think you should add it to your portfolio today… Click here to get access to our presentation, and learn how to get the name of this 'double agent'! More reading Should I buy these two FTSE 100 UK shares on merger rumours? UK stock investing: the best FTSE 100 growth share to buy now 3 UK shares I’d buy right now in my ISA Manika Premsingh owns shares of AstraZeneca and Ocado Group. The Motley Fool UK has recommended Hikma Pharmaceuticals. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post FTSE 100 investing: 2 bargain buys I’d consider today appeared first on The Motley Fool UK.
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  45. POWW might be set to take off this week. (15/02/2021 - Reddit Stocks)
    Bullish TA shows that the stock is primed to take off anyways. Breaking news suggests harsh gun laws. Historically this results in mass gun buys and ammunition buys. POWW has potential to explode this week.   submitted by   /u/KitKatBarMan [link]   [comments]
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  46. Market LIVE: Sensex, Nifty stare at muted start; Wipro Q4 results best in a decade, net profit jumps 27% (16/04/2021 - Financial Express)
    Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were set to open subdued on the last day of this week.
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  47. $PENN has done +1800% in the last 12 months with a -32% revenue decline year-over-year. How is that 18x share price justified? (21/03/2021 - Reddit Stocks)
    From 2018 to 2019 $PENN had a +47% increase in revenue year-over-year and the share price grew with +38%. From 2019 to 2020, revenue declined to -32% year-over-year and the share price grew with +1800%. Revenue for 2019 was $5.3B. Revenue for 2020 was $3.5B. Is this the new normal? +10 years of growth is already priced in the share price today? Are we buying stocks today based on how they will perform in 2030? Are we today already basing their stock price on the 2031 Q3 Earnings Report? 2032 Q1? This is also just one example of how overvalued some stocks are today. Can anybody make some sense of this? Do you think this will correct itself or is this what the market has become now and this is just how it will be in the future?   submitted by   /u/Berisha11 [link]   [comments]
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  48. Trading simulator? (17/05/2021 - Reddit Stocks)
    I’m looking for a good simulator that allows me to replay the stocks for that day and also simulate buys and sells. I’ve used think or swim for this the problem is they don’t let you do that days stocks you have to wait 5 or 6 trading days before you can go back and replay that particular day. I like it I just don’t want to wait a week to be able to replay my watchlist. Trading view - I’ve used this which lets me replay for same day but it doesn’t simulate buys and sells. I’m just trying to find something that will allow me to do same day replay WITH buys and sells. Any suggestions?   submitted by   /u/camerontbelt [link]   [comments]
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  49. Crypto: Bitcoin price jumps 12% to roughly 3-week high to trade above $40,000 (14/06/2021 - Market Watch)
    The world's No. 1 crypto, and prices of digital assets more broadly, were headed higher on Monday
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