Bt Share Discussion Threads

[epo001] 11/5/2018 14:23

Monty, they've been shedding staff for years and years and years, generally picking those just before retirement age. Where I was, a lot of the redundant staff were back in as contractors (at very high daily rates) within 3 months because that's where the organisational knowledge and expertise was.

This is a bean counter driven exercise and will be akin to someone trying to lose weight by lopping off a leg.

[diku] 11/5/2018 14:05

monty..it took them 10 years to listen!!....it is never board level fault...always outside factors...this is how they keep their luxurious lifestyle going...

[montyhedge] 11/5/2018 13:52

epo
First time in 10 years BT now tackling the problem, good news for shareholders.

Moving from London HQ, shows they been told by the big funds, cut costs, good for us.

[hamhamham1] 11/5/2018 13:50

I am not too bothered about a bit of fluctuation post yesterday's announcements. Tackling the costs and focus is all I needed to hear to buy in at these prices.
Patience is the key now.

[epo001] 11/5/2018 13:34

(ex-BT employee, left in '99) The 13K shed may indeed be dead wood being swapped for lower paid useful staff but it is also likely to be shedding/freezing future pension entitlements.

[montyhedge] 11/5/2018 13:22

I expect the yanks to come in at 2.30pm they oversold the adrs yesterday in my view.
Should finish blue today.

[essentialinvestor] 11/5/2018 13:16

Kaz, ironic may be very kind.


Has not got much attention from yesterday's statement - BT TV lost 16,000 subscribers in Q4.

[samartin] 11/5/2018 13:07

Not even a dead cat bounce!

[kazoom] 11/5/2018 11:28

IRONIC?


7-April-2018

"Business leaders from giant firms ­including ..... and BT are embarking on a new campaign to boost Britain’s weak productivity growth by mentoring less productive companies and giving ­advice on training and investment.



(thanks toon for originally highlighting that in post 27791)

10-May-2018

'Oh by the way, we have 13% more staff than we actually need, although we do need an additional 6% to do some useful things.'

Could you really make it up?

[toon1966] 11/5/2018 11:23

BT have already backtracked on their dividend policy, but then they would not be the first or last to do this!!

[smurfy2001] 11/5/2018 11:15

Monty, RBS is going to be a good trading share 330p a cert on a dividend announcement.

[montyhedge] 11/5/2018 11:09

Sensible not increasing dividend for 2 years, GP said growth should resume 2020.
So ok 7% for two years, then hopefully increase. I can live that.

[veryniceperson] 11/5/2018 11:05

Dividend cover of 1.25. You could be right toon. But they shouldn't say it going back on it.

[tim 3] 11/5/2018 10:39

From what I have read free cash flow will not cover the 2019 dividend.

[meijiman] 11/5/2018 10:19

RBC are as bad as Liberium's when it comes to getting it wrong on recommendations/price targets.

[toon1966] 11/5/2018 09:55

So the dividend is safe is it Monty? Anyone like to provide me with a 'guarantee' on that....?

[toon1966] 11/5/2018 09:45

HL research update on BT: www.hl.co.uk/shares/share-research/201805/bt-dividend-flat,-restructure-announced

[montyhedge] 11/5/2018 09:42

Income investors probably come in as well, now dividend safe yield 7% for two years. Then hopefully starts growing again.

[dr biotech] 11/5/2018 09:10

I don't really buy any of this old nationalised company stuff. BT was privatised 34 years ago. Thats a whole working lifetime - if its still bloated its because management haven't been effective, no excuses.

You can only blame the past for so much. Perhaps the pension issue is more of a legacy.

[montyhedge] 11/5/2018 08:57

RBC still 400p target, yesterday. Don't know what time horizon.

[montyhedge] 11/5/2018 08:50

Once investors digest yesterday's figures, I think fair bet now.Still great cash flow, sensible not to increase dividend but hold 7% yield for two years, then hopefully start dividend growth again. Costs cuts overdue, getting to grips with pension.245p short term if my target. From bear to bull.

[toon1966] 11/5/2018 08:49

Tim3 - I agree to an extent. I don't need to remind too many people that BT have been backtracking on their dividend policy for over a year now. They've gone from bullish 10-15% growth, to progressive, to holding at current level. A further downturn in the UK economy could force BT's hand and so hasten GP's exit. GP has to deliver.

[hamhamham1] 11/5/2018 08:46

IMO once the costs are sorted then because there are so many revenue streams within the business as a whole that profits will soar.

[t-trader] 11/5/2018 08:44

9th August 2018