Bt Share Discussion Threads

[essentialinvestor] 11/5/2018 17:53

A bid would not be allowed, BT is viewed as a UK strategic asset.

You can make a case for buying, but a bid is not part of that imv.

[hamhamham1] 11/5/2018 17:40

IMO Deutsche Telekom will buy BT, dont they own 12% or 14% already through the EE sale?

[careful] 11/5/2018 17:30

About 6 months ago, RMG were in a similar position to their sister company BT.
Restructure, pensions negotiations, pay deals, changes in working practices. All negotiated with the same union the CWU.

RMG were at about 360p. It all turned out well and today they are trading about 70% up at 630p.

Many other differences of course but let us hope for a decent outcome here as well.

[pacemaker1000] 11/5/2018 17:21

To me, not cutting the divi is BT telling ofcom and hmc that it isn’t prepared to make shareholders pay for Britain’s broadband investment as they’ve already suffered enough loss thanks to their interference.
Making staff redundant instead reinforces this!
Everything now out in the open and ball back in OFCOMs court. If they are serious about faster BB then they had better move fast before somebody buys up this bargain company

[toon1966] 11/5/2018 17:12

Pace - I suspect these will be Voluntary Redundancies which are far more generous that CR.

[pacemaker1000] 11/5/2018 17:10

The 800m seems ott to me. So many guys queuing up to leave could be a lot less. This figure seems to assume compulsory redundancies with two years pay max thanks to the recent pension screw over deal.

[careful] 11/5/2018 16:58

the new chairman has a great track record.
My guess is that he is behind this restructure.

In the past, retirement and redundancy packages at BT have been too generous for the company to afford.
Hope this time they are fair but realistic.

[tradejunkie2] 11/5/2018 16:52

Montyhedge

Stick that golf club where the sun doesn't shine.

LOL

[toon1966] 11/5/2018 16:36

Montyhedge - talking of last chance saloons what happened to the US Cavalry this afternoon? Did they get stuck at the 'Little Big Horn'?

[mornington crescent] 11/5/2018 16:12

Its a chimera

he has been on the board for 10 years and ceo for 5
and only now decides to make these cuts

he is in trouble and needed to do something - anything
but it wont work
the job is too big for him

bye bye Gavin

[toon1966] 11/5/2018 16:10

I agree that the restructuring will come at a cost - £800 million, that's a lot. Restructurings take time to plan and then implement and also accept the 'why now' and 'should have been sooner' argument. I also believe there are a number of other issues which have got the City nervous, debt pile, Global services, dividends etc. I hope GP can turn this around, but believe he has entered the 'last chance saloon'.

[diku] 11/5/2018 16:03

Because it will come at a heavy cost....so why were these 13000 employed in the first place?...somebody asleep at the wheel...

[toon1966] 11/5/2018 16:01

So why are the City unhappy with the scale of the redundancies?

[essentialinvestor] 11/5/2018 15:48

DMF, if you are about, do you have any thoughts on BT here?.

From previous posts you were looking for some very sharp sell off
to mark capitulation. When you first mentioned near £2, or under,
I thought .. no way. Well got that one wrong!. Not holding atm.

[hamhamham1] 11/5/2018 15:46

I think the city is just unhappy at the scale of the redundancies, they didn't expect it, even if it is the right thing to do (which it is IMO), it was still unexpected and IMO they like to prostrate the share on the floor for a few weeks as punishment, then they will acknowledge it makes sense and will be all on board. It's just a theory I have.

[essentialinvestor] 11/5/2018 15:35

Monty, my WG doing nicely today, IC had a Sell on Wood following the FY.


I know some won't agree, however for me an approx 40% dividend cut would
have been better. Payout then nicely covered and look to grow the dividend over
the next few years, if a recovery in trading progresses.

AV. did something similar a few year back, and their share price responded very nicely
since.

[montyhedge] 11/5/2018 15:32

Ess
The day they get a share right, I will be amazed, lol.

Rather go with Morning Star analyst 4 star 360p target, then some young journalist.

[essentialinvestor] 11/5/2018 15:29

IC have given it a Sell, which in fairness can be a positive contra indicator.

[montyhedge] 11/5/2018 15:18

Here it is, interesting.http://www.morningstar.co.uk/uk/news/167354/bt-still-undervalued-say-analysts.aspx

[smurfy2001] 11/5/2018 15:17

Monty, VED is also another of my tips as well as RBS.

[montyhedge] 11/5/2018 15:15

Great write up MorningStar by analyst 360p target 4 star rating undervalued is the comment.
Google it chaps, interesting out today.

[hamhamham1] 11/5/2018 15:11

As I said the other day, IMO, the sum of the parts is far greater than the current market cap.

[toon1966] 11/5/2018 14:54

hamhamham1 - BT stated quite clearly yesterday that the 13,000 redundancies will come from back-office and mid management roles. The 6000 new roles will come in 'engineering' and customer services roles.

[hamhamham1] 11/5/2018 14:34

I don't think the bulk of the redundancies will be engineering or frontline technical staff. A lot of them will be back office and middle level management. I also have worked there before (as a contractor - network engineer) and did feel IMHO there was a lot of staff in those back office and mgmt areas compared to other private sector companies I have worked in. I have watched this company's shares for several years and now am putting my money where my mouth is :)