Bt Share Discussion Threads

[pacemaker1000] 27/10/2017 19:05

Why should BT have to repair relationships with ofcom?
That implies they haven't been non biased

[toon1966] 27/10/2017 15:38

and what more bad news would that be DMF?

[dmf] 27/10/2017 14:48

No.....more to come Nov 2

[tahmina1] 27/10/2017 14:45

is the bad news all in the price?

[toon1966] 27/10/2017 13:56

DMF said 27 Oct '17 - 12:47 - 25763 of 25764 - English Soccer Clubs Plan to Launch Breakaway ‘Premier League 2’

What's the reasoning behind this post?

[dmf] 27/10/2017 12:49

BT pension deficit could reduce by £4.4bn as expectations of an interest rate hike mount

hxxp://www.cityam.com/274412/bt-pension-deficit-could-reduce-gbp44bn-expectations

[dmf] 27/10/2017 12:47

English Soccer Clubs Plan to Launch Breakaway ‘Premier League 2’

[dmf] 27/10/2017 12:42

FT has an article about BT - being at 4 year low concern about profits and dividend cut !

[dr biotech] 27/10/2017 12:41

Bit below shows that expectations are going to be quite low in some quarters. Just have to hope for the best.



Given the share price hammering BT Group PLC (LON:BT.A) has taken this year – down almost 27% - analysts at Jefferies reckon there’s no doubt that the telecoms giant “promises value”.

But that’s about as good as this morning’s note got. The US broker kept its rating at ‘hold’ but lowered its target price to 265p, claiming that next week’s second quarter results will reflect “weak operating momentum”.

Given that expectation, Jefferies has kept its forecasts “materially below” the current consensus.

It is looking for full-year underlying earnings (EBITDA) of £7.50bn on revenues of £24.09bn.

BT has so far kept true to its progressive dividend policy, but Jefferies thinks even a cut to that can’t be ruled out. Analysts at the broker are forecasting a dividend of 15.4p for at least the next three years.

Ofcom issues weigh

Another issue surrounding BT in recent months has been Ofcom taking a perceived tough stance against the company, and Jefferies says the new chairman will have his work cut out trying to rebuild the relationship between the company and its regulator.

“BT's incoming Chairman faces the clear priority of repairing relations with Ofcom. This will require a very visible demonstration of network investment ranking above shareholders.”

Don’t expect any concessions from Ofcom in the near future, with the broker warning that the regulator has “little incentive to step back”, making clear that it wants to “stimulate retail investment as well as investment”.


If a report in The Telegraph on Tuesday is to be believed, BT really can’t catch a break at the moment.

The paper claimed that a deal between the UK government and BT’s Openreach subsidiary aimed at delivering superfast broadband to 1.4mln rural homes faces some legal hurdles.

Legal advisers are said to have raised concerns that a voluntary offer from Openreach could be challenged in the courts as unfair state support.

Instead of working with BT, the government could decide to impose new regulations that would force its subsidiary to upgrade rural broadband lines.

BT shares were off another 1.3% to 269p in mid-morning trade.

That idea has support from rivals TalkTalk and Sky, who fear that Openreach would be able to dictate the technological and financial terms of a negotiated deal.

[essentialinvestor] 27/10/2017 12:33

Have to admit being too cautious on AZN, thought it would be below £40,
not above 50.

[careful] 27/10/2017 12:30

I seem to remember Woodford selling out of GSK, but then was caught by a big dip in AZN not long afterwards.
They have since recovered but he has has a bad run of late, despite the fact that he has the advantage of being able to talk to the CEO if he wishes.

He must have good information with his contacts. As Gordon Gekko said, there is nothing more important that information.

[essentialinvestor] 27/10/2017 12:28

Depending on where he allocated his GSK cash, would agree, at least short term.

Quick in/out for me in Shire.

[dr biotech] 27/10/2017 12:27

woodford sold out of GSK earlier this year. One of his few good calls this year

[essentialinvestor] 27/10/2017 12:25

Woodford's BT.A sell was astute, well over £4 from memory.
What he saw in AA with net debt metrics as a % of the pre tax is beyond me.

[dmf] 27/10/2017 12:21

Yes PFG - I think woodford owned a big 'chunk' of that as well as GSK & AA !

[smurfy2001] 27/10/2017 12:15

Agree with Monty on the stock being savaged if the results are not as expected. Seems to be the trend to oversell stocks right now. Look at PFG £30 a share to £4 for example.

[dmf] 27/10/2017 12:11

Careful

I understand the Trustees have no objection in principle to move from RPI to CPI !

[dmf] 27/10/2017 12:05

Toon gave details about court case dates, think Dec

Located:-

"DMF - the Court hearing to seek a ruling on whether a change from RPI to CPI can be made will not take place until week commencing 04 December 2017. Once all arguments are heard and an answer is given by the Court, BT, the Trustees and all Scheme members (including myself) will be bound by that answer, subject to any appeal. This has all been detailed to BTPS Section C members in a letter dated 16 September 2017."

[careful] 27/10/2017 12:00

If results are merely reasonable the this will be back to 300p by year end.
Anyone know the date for the pension fund court case?
They wish to change measure of index for uplifts.
It could reduce deficit to around £7bn if they get a favourable ruling.
Trustees are taking a neutral position which sounds promising.

[essentialinvestor] 27/10/2017 11:57

£2?, Why stop there, 1.50... )

Never say never but to see 2 there could need to be something cataclysmic imv.

[dmf] 27/10/2017 11:55

Totally directionless

Await results, if not up to market expectations 2.00

[pierre oreilly] 27/10/2017 11:51

i must admit monty you got that right.




however you have 'called' every price going at whatever price bt is at.

[badtime] 27/10/2017 11:27

:) @ Monty