Director dealings: BT CEO snaps up shares
BT revealed on Friday that new chief executive Philp Jansen had acquired 1.48m ordinary shares in the FTSE 100-listed telco giant.
BT Group
140.00p
16:40 14/11/24
Fixed Line Telecommunications
1,979.89
16:38 14/11/24
FTSE 100
8,071.19
16:49 14/11/24
FTSE 350
4,459.02
16:38 14/11/24
FTSE All-Share
4,417.25
16:54 14/11/24
Jansen, who joined BT from Worldpay back in February, purchased the shares on Thursday at an average price of 202p each, for a total value of £2.99m.
Deutsche Bank reduced their target price on BT in May, cutting the firm from 235p to 217p due to the short to medium term uncertainty around its financials as it gears up to meet its long-term ambitions in the fibre-to-the-home space.
Analyst Robert Grindle stuck to a 'hold' recommendation on the shares, telling clients that: "CEO Phillip Jansen is right to focus minds on the need for BT to do more, faster on FTTH."
He also praised Jansen for seeking the best possible conditions from the regulator and government for an expensive build programme that raises BT’s ambitions to 15m homes installed by the mid-2020s vs 10m previously.
As of 1620 BST, BT shares were up 2.42% at 207.15p.
Top Director Buys
Bt Group (BT.A)
Director name: Jansen ,Philip
Amount purchased: 1,484,413 @ 202.00p
Value: £2,998,514.23
Dunedin Enterprise Investment Trust (DNE)
Director name: Finlayson,Brian
Amount purchased: 9,000 @ 380.80p
Value: £34,272.00
Shoe Zone (SHOE)
Director name: Davis ,Nicholas (Nick)
Amount purchased: 15,000 @ 199.50p
Value: £29,925.00
Dunedin Enterprise Investment Trust (DNE)
Director name: Finlayson,Brian
Amount purchased: 6,000 @ 380.64p
Value: £22,838.40
Share Plc (SHRE)
Director name: Thomas ,Gareth
Amount purchased: 60,511 @ 33.05p
Value: £19,998.89
Tiziana Life Sciences (TILS)
Director name: Cerrone,Gabriele
Amount purchased: 5,500 @ 60.00p
Value: £3,300.00
Tiziana Life Sciences (TILS)
Director name: Cerrone,Gabriele
Amount purchased: 5,000 @ 66.00p
Value: £3,300.00
Judges Scientific (JDG)
Director name: Lavelle,Mark
Amount purchased: 10 @ 3,120.00p
Value: £312.00
Judges Scientific (JDG)
Director name: Ormsby,Bradley Leonard
Amount purchased: 10 @ 3,120.00p
Value: £312.00
Judges Scientific (JDG)
Director name: Cicurel,David
Amount purchased: 10 @ 3,120.00p
Value: £312.00
Cmc Markets (CMCX)
Director name: Fineberg,David
Amount purchased: 332 @ 90.00p
Value: £298.80
Primary Health Properties (PHP)
Director name: Hyman,Harry Abraham
Amount purchased: 72 @ 135.50p
Value: £97.56
Primary Health Properties (PHP)
Director name: Hyman,Harry Abraham
Amount purchased: 72 @ 135.50p
Value: £97.56
Top Director Sells
Intermediate Capital Group (ICP)
Director name: Keller,Philip
Amount sold: 100,000 @ 1,339.00p
Value: £1,339,000.03
Schroders (SDR)
Director name: Keers,Richard
Amount sold: 19,656 @ 2,911.05p
Value: £572,195.99
Helical (HLCL)
Director name: Murphy,Tim
Amount sold: 35,000 @ 362.50p
Value: £126,875.00
Henry Boot (BOOT)
Director name: Sutcliffe,John T
Amount sold: 30,000 @ 251.40p
Value: £75,420.00
Share Plc (SHRE)
Director name: Thomas ,Gareth
Amount sold: 66,610 @ 33.00p
Value: £21,981.30