Bt Share Discussion Threads

[dmf] 14/9/2017 15:32

Pay rises are flat - if rates go up consumers will buy less

[pvb] 14/9/2017 15:10

Err... because inflation has gone up? And is expected to stay up or go higher if rates are not raised.

It is, after all, the BoE's remit.

[colonelgrim] 14/9/2017 15:05

Looks very much like the ‘market’ (jew-boys), wants the BOE to increase interest rates, now why would that be I wonder!

Pierre, Mutley, William, … anyone…… !

[dmf] 14/9/2017 14:54

EI totally agree with your comments on valuations

With regard to BT it needs to drop at least 250 to have a degree of attraction to buyers. Market does not trust BT

[essentialinvestor] 14/9/2017 14:00

I could not makes case it's a compelling buy!, It's loathed atm
which is sometimes (not always) an indicator we are somewhere near a base, however poor
sentiment can always get worse. Two small lots for me today.


DMF, problem I'm finding in this market is what I want to buy is selling on valuations that are not very likable, too highly rated.

[dmf] 14/9/2017 12:44

There is no compelling reason to buy bt at this level

[dmf] 14/9/2017 12:10

Needs to drop further before buying !

[essentialinvestor] 14/9/2017 10:26

Bought a very small amount.

[essentialinvestor] 14/9/2017 10:06

Monty, they are chopping another 4,000 employees, must be a fat saving there.

I'ts the acquisition of sports tighteners they may have overspent imv.

Then you have the new route d of spectrum licences to come,
think the bidding is later this year.

[montyhedge] 14/9/2017 08:24

My price target if any messing with the dividend is 225p.

[chapchip] 14/9/2017 08:07

agreed, looking for £3.30 by xmas

[wllmherk] 13/9/2017 19:13

I've been buying and currently BT is my largest holding by some distance. Much of the damage to the share price came after the Italian debacle, a short term issue and not something inherently wrong with the company.


wllm

[essentialinvestor] 13/9/2017 15:58

diku, indeed, and meant to tag on about Openreach, it may already be in the price.

[adelwire2] 13/9/2017 15:48

Bt....price rockets in same sentence..um not sure about that

[diku] 13/9/2017 13:50

Sometimes analysing too much & you end up buying nothing...only to see the price rockets...

[essentialinvestor] 13/9/2017 10:24

I tend to buy in small lots only, unless it's high conviction,
and BT is not in that category for me.
There look to be a lot of value traps around ATM,
whether BT at current levels is one not sure.

A potential FCF hit from reduced Openreach wholesale pricing may be
worth considering.

[stewart64] 13/9/2017 10:17

essentialinvestor...Yep particulary the assets cover at 94% price to book and a pension scheme only slightly in the red. Sorry to hijak the BT thread but it was given as an example of another share that is falling.

[dmf] 13/9/2017 10:17

Why buy BT now when it can be bought cheaper the next day !

[essentialinvestor] 13/9/2017 10:00

I like Lloyds longer term.


Anyone brave buying BT.a at these levels?.

[stewart64] 13/9/2017 09:57

Toon1966...Not sure if Lloyds Bank is one of the better examples of a falling share
The share stands at .648, the year high is .7351 and the low is .5084. Meanwhile .032 has been paid (or ex div accrued) since April....5% yield in 6 months.

[dmf] 13/9/2017 09:56

This stock needs to 'gap down' significantly for a realistic entry point !

[essentialinvestor] 12/9/2017 22:45

One of the challenges is how reduced Openreach wholesale
pricing may impact the FCF.

[kazoom] 12/9/2017 22:40

Hi Stewart,

I think if there was a "standardised approach" the companies would find a way around it in their reports so the data would become worthless.

imho - there is no alternative to DYOR and take a view as to whether the differences between "statutory" and "underlying/adjusted" earnings are indeed "exceptional" or not.

Just my thoughts but :
> BT Italy accounting Fraud - certainly not an ongoing cost, but this is the second "misstatement" by BT GS this century and unless they (and the wider market) lower their expectations for this sector - and stop hiring snake oil salesmen to run the division - it will be repeated at some point. For me I would probably accept maybe 15% of this exceptional hit as on going (ie assuming it will re-occur ever 6-7 years or so.)
> Ofcom fines : It is tempting to think of these as a cost of doing business in this sector, but in fact I think the enhanced separation between Openreach and BT makes reoccurrence of these penalties less likely, so I'd maybe classify 5-10% of that as recurring.

Just my views of course and others will differ - hence DYOR!

[diku] 12/9/2017 22:12

2 days in a row BT has found support around the 282.5p...