Bt Share Discussion Threads

[montyhedge] 12/9/2017 14:23

Interesting forecasts, what do you think chaps ? I don't know this company.

[stewart64] 12/9/2017 11:11

It would be nice if there was a standardised approach to p/e. I prefer to be cautious and look at the unadjusted stats. Whether BT is 15 or 10 it is relatively cheap for a blue chip on either measure. The worry is more the assets cover rather than the income cover.

Imperial Brands is either x50 (unadjusted) or x13 showing how differing outcomes can be calculated.

[edwardt] 12/9/2017 10:22

in sunnary on that basis, I think we are 305 undervalued but at the end of the day that is my opinion only.

[edwardt] 12/9/2017 10:21

also given complexity of moving parts, a dcf is very spurious. I would prefer a sum of the parts approach given regulated nature of openreach.

[edwardt] 12/9/2017 10:20

this company should be viewed on a ev/ebitda basis not p/e.

[lurker] 12/9/2017 08:37

But it is the 5.4% dividend (covered nearly 2x) that I like even better

[lurker] 12/9/2017 08:35

Hargreaves Lansdown Fundamental data shows March 2017 year end data as 28.9p adjusted eps, and p/e (retrospective) as 11

Current (Forward) p/e is shown as 9.83 today

[montyhedge] 12/9/2017 08:17

P.e 14.81 eps 19.2p is that incorrect then ?

[montyhedge] 12/9/2017 08:15

Well inform Advfn that they site is wrong on p.e calculation.

[pierre oreilly] 12/9/2017 08:15

By simply stating facts doesn't mean someone isn't caring.As a caring person, would you say obese people live longer than healthy slim people?

[kazoom] 11/9/2017 22:17

Hi stewart,

Apologies if I was terse, but there are some people who are passing off that figure with an attempt to mislead. I'll stand though by my view that people need to do their own research.

£1.9Bn statutory profits is indeed correct , but at the same after tax level there were -£0.9Bn effects; so the underlying profit was £2.8Bn (a PE of just under 10).

You have to make your own decision of course as to whether to accept those as exceptionals (although I would say some of them are quite clearly one offs).

If though you take the view of only looking at the statutory numbers, then you will also see that BT is "set to deliver a stellar earnings growth" that would definitely justify such a high apparent PE.

But of course as someone said earlier - PE is not the only story here (is it ever?) BT has big debts and a big pension deficit so you really have to take your own view on it.

GL

[stewart64] 11/9/2017 19:14

Kazoom I'm ready to be enlightened on BT's real price to earnings. My calculation was 28.4 billion market cap divided by the last annual profit ( after tax) to March 2017 of 1.9 billion.

[careful] 11/9/2017 15:47

About life expectancy.
There are so many obese people about these days.
Fat people die much earlier, despite advances in medicine.
Hard to believe the life expectancy predictions.

[careful] 11/9/2017 15:44

these long term guesses about life expectancy and interest rates make these deficits meaningless.

[edwardt] 11/9/2017 15:29

essential , your guess is largely correct. however recent life expectancy falls in uk will help partially offset.

[edwardt] 11/9/2017 15:28

I note bt got kicked out of eurostox 50 in august. I wonder what amount of etf trackers were forced sellers? would be a large amount in my view.

[essentialinvestor] 11/9/2017 11:45

Yields plunging again so I'm guessing that further inflates the deficit?.

Any actuaries about..

[ny boy] 11/9/2017 11:41

Back to where the directors bought a shed load back in June!

[essentialinvestor] 11/9/2017 11:36

PE ratio re BT is not a great indicator.

You need to account for the pension deficit in the valuation so
a rudimentary PE calculation is inadequate imv.

[dmf] 11/9/2017 11:28

Waiting to buy at sub 200p

[the_boy_plunger] 11/9/2017 10:51

BT got themselves to blame, the directors buying (investing) their own clueless management....
they got no idea about customer satisfaction n loyalty
and its come back to haunt them...........might be lucky to be around in 5-10 years, unless they get someone in who gives a damn
says it all?!

[kazoom] 10/9/2017 21:15

Anyone that actually believes the PE Ratio is 15, should seriously consider doing their own research or not investing in the market at all.