BT Group (BT.A)

Sector:

Telecom Operators

Index:

FTSE 100

138.25p
   
  • Change Today:
    -1.50p
  • 52 Week High: 150.55
  • 52 Week Low: 102.30
  • Currency: UK Pounds
  • Shares Issued: 9,955m
  • Volume: 15,790,408
  • Market Cap: £13,763m
  • RiskGrade: 170

Telecoms billionaire Drahi mulling Sotheby's IPO - report

By Abigail Townsend

Date: Wednesday 15 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Patrick Drahi is mulling a possible initial public offering of Sotheby's, it was reported on Wednesday, just two years after the French telecoms entrepreneur bought the auction house.
According to Bloomberg, the billionaire businessman has held preliminary discussions with potential advisors about a US listing. The business - which was founded in 1744 in London - would likely float next year should the IPO go ahead, Bloomberg said.

Neither Sotheby's nor Drahi have yet commented on the report.

Drahi took Sotheby's private in 2019 in a deal worth $3.7bn including debt.

The auction house, which competes with Group Artemis-owned Christie's, has enjoyed a strong year, raising $1.3bn in marquee sales in November alone, Bloomberg noted. It has also been expanding beyond its traditional sources of revenue, from non-fungible tokens to brokering the $1.8m sale of a part of Nike Air Yeezy 1 trainers designed and worn by the rapper Kanye West.

According to the auctioneer, its annual worldwide sales turnover is currently in excess of $4bn.

Industry data published in July showed that auction sales had surged 230% in the first half of 2021, as the sector swiftly recovered from the impact of Covid-19. Specialist research firm Pi-eX found that sales at Sotheby's, Christie's and Phillips, the three largest international houses, totalled $5.8bn as at end of June.

Bloomberg's report comes a day after Drahi, the founder and controlling shareholder of European telecoms group Altice, upped his stake in BT Group to 18%.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BT Market Data

Currency UK Pounds
Share Price 138.25p
Change Today -1.50p
% Change -1.07 %
52 Week High 150.55
52 Week Low 102.30
Volume 15,790,408
Shares Issued 9,955m
Market Cap £13,763m
RiskGrade 170

BT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.63% above the market average76.63% above the market average76.63% above the market average76.63% above the market average76.63% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
68.96% above the market average68.96% above the market average68.96% above the market average68.96% above the market average68.96% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
74.03% above the market average74.03% above the market average74.03% above the market average74.03% above the market average74.03% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
81.54% below the market average81.54% below the market average81.54% below the market average81.54% below the market average81.54% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 3
Sell 1
Strong Sell 1
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BT Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Aug-24 28-Dec-23
Paid 11-Sep-24 02-Feb-24
Amount 5.69p 2.31p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 6,624 @ 138.25p
16:35 29,411 @ 138.25p
16:35 8,113 @ 138.25p
16:35 45,829 @ 138.25p
16:35 73,489 @ 138.25p

BT Key Personnel

CFO Simon Lowth
CEO Allison Kirkby
Chair Adam Crozier

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