Bt Share Discussion Threads

[careful] 10/5/2018 08:49

who needs growth when pe is 8?
some theories are crazy.

[nocrapversion4] 10/5/2018 08:46

if p/e is 8 but growth in earnings is 1% then the peg ratio is 8 and you want it below 1. so overvalued, wait till p/e gets nearer 1 or peg ratio goes down.

[careful] 10/5/2018 08:46

just topped up just under 220p.
fools rush in.

[diku] 10/5/2018 08:42

Monty...where are you?...

[diku] 10/5/2018 08:42

This is the best punch line they come with..

Somebody just woke up and said we don't need these managerial staff and back office staff...so what were they doing all this time?...how about we cut some fat slack at board level...or even better do some money clawback...you cut 1000's of staff here and there and make those figures look rosy?...is that how profit growth works?..



* BT to cut 13,000 managerial and back-office jobs; CEO says 2/3rd of the cuts in the UK...
* CEO confident of return to profit growth in a couple of years...

[justiceforthemany] 10/5/2018 08:41

The adjusted EPS was 27.9p so trading close to just 8x earning now which is super low for any company but for a defensive telecoms even lower. Yield close to 8%.
Fundamentals suggest share price is far too low here. Pension deficit also reduced.

[careful] 10/5/2018 08:32

what a strange reaction.
this spike will margin out some long ETF positions.
what a scandal.

[toon1966] 10/5/2018 08:29

Thanks Dr. The forward guidance is not great, so a long road ahead....

[chiefbrody] 10/5/2018 08:29

P/E now around 7 ish. Can that be right lol.

[hamhamham1] 10/5/2018 08:28

And no doubt those giving guidance will also give guidance to others that the share price is cheap?
Anyway, picked up a few more, av. of 219p now.
Nice 7% yield pa over next couple of years and I believe a good capital growth to boot :)
Israel and Iran will do more to affect this share price than any broker guidance IMHO.

[dr biotech] 10/5/2018 08:21

Shares in British telecom group BT slump 9%, hovering near 5-1/2 year lows
* Morgan Stanley says FY guidance is lower than expectations and points to Q4 revenue miss
* "No evidence of inflection in results or mindset" -
Jefferies
* BT to cut 13,000 managerial and back-office jobs; CEO says 2/3rd of the cuts in the UK...
* CEO confident of return to profit growth in a couple of years...

[dr biotech] 10/5/2018 08:14

Think it’s the guidance rather than the results giving the share price a kicking

[chapchip] 10/5/2018 08:10

FFS..how is 10% down justified!!!!!!

bet it climbs during the day

[hamhamham1] 10/5/2018 08:10

Just bought in at 217p.

[veryniceperson] 10/5/2018 08:06

Well down, shame.

[smurfy2001] 10/5/2018 08:06

Well congrats to the ceo he can celebrate the share price today

[eaaxs06] 10/5/2018 08:06

Edit - take that back!

[eaaxs06] 10/5/2018 08:05

Taking some time to get out of the pre market auction?

Hopefully a good sign.

[toon1966] 10/5/2018 08:01

Not sure what to make of the results, but at first view could have been a lot worse. Hiring of people to support network deployment will hopefully appease Ofcom, Interesting to see they are looking to move out of Newgate Street, they thought about doing that in the early noughties if memory serves me. Let's see what the City makes of all this!!

[longshanks] 10/5/2018 08:00

Sales to wholesale and global services are still struggling. It is good to see that the company is shaping itself to better compete in these markets, but I suspect the ongoing decline in sales will encourage some bears to maintain a negative long term view.

[dipso] 10/5/2018 07:51

Telecoms giant BT is to cut 13,000 jobs over three years as it seeks to slim down its management and back-office roles.
BT said that the job cuts and other measures would help it achieve a cost reduction of £1.5bn.
It added that it would be hiring about 6,000 employees "to support network deployment and customer service".
BT also intends to move its headquarters out of central London to a site yet to be announced.
The announcements came as BT disclosed that its annual pre-tax profits rose 11% to £2.6bn in the year to March.
The firm also announced a 13-year plan to plug its £11.3bn pension fund deficit, including regular payments into the scheme and a bond issue.

[careful] 10/5/2018 07:49

We have a 6.5% dividend, well covered with good prospects over the long term.
Great value in a world where safe investments yield about 1%.

[eaaxs06] 10/5/2018 07:45

So all the doom-mongers called it wrong, with the best pre tax profit and earnings per share for the last 2 years. With a p/e of 11.6 that doesn't look too expensive to me.

Good news also on the pension deficit, £11.3b isn't as bad as the £13b being touted in the press, with plans on tackling it in place very welcommed. The 13,000 job losses sounds like the thinning down and reorganising in lots of areas, hopefully making things a lot leaner.

A little disappointed by only holding the dividend, I hardly call that 'progressive' but overall I'm reasonably happy with the announcement. It should put minds to rest and take away the uncertainty that overhangs the share price, so I'd expect it to build from here.

Good luck, everybody.

[wllmherk] 10/5/2018 07:31

Just time for a cursory read through before heading into the office, but, my initial reaction these are a mildly positive set of results. Whether the share price rises or not I don't know, most of my largest holdings, (these being 3rd biggest), have fallen on results recently so a positive start would be most welcome, but who knows.

wllm