Bt Share Discussion Threads

[imjustdandy] 07/5/2020 07:03

Dividend gone. Wow

[eaaxs06] 07/5/2020 06:54

Decision day is here and we’ll all soon know what’s happening with the annual results and dividend.

For what its worth, the way I see it is a surprise coming; Full year payment maintained at 10.78, for total yearly of 15.4p. Massive increase in data, call length, gaming, video conferencing and picture messaging. New broadband installations very strong and order books growing, FTTP at record levels and the new must have for the army of home workers.

Revenue down slightly to £23b, pre tax profits up to £2.9b, EBITDA up to £7.4, free cash flow just short of £2b. Forward guidance improved as cost savings from the job release scheme and office centralisation start to kick in, outweighing the bad debts we’ll doubtlessly occur, order books at record levels.

Pie in the Sky, maybe, but that would certainly make the shares fly; you’ll never buy under 120 again. Wishful thinking maybe, but I can dream, good luck everybody, Sid.

[wllmherk] 06/5/2020 23:10

Total guess but I predict lower to 103p then some composure regained to 108p. Dividend cut from 15.40p to 8p. Final of 5p, interim 3p. Overall, I see BT as being quite resilient in these difficult times and see the share price rising significantly in the next 18 months. I hold these at 204p, but, put some in the ISA last week at 114p. Don't see too much downside risk at current share price Fingers crossed we are happy holders come 7am tomorrow.

wllm

[diku] 06/5/2020 22:41

monty is your man...he will be here 7.59 tomorrow morning...




Laptop15
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SP predictions for tomorrow??

[smurfy2001] 06/5/2020 21:49

T-Mobile q1

[montyhedge] 06/5/2020 19:24

Difficult I say 0.5p.

[atlantic57] 06/5/2020 18:49

The share price since The general election has been abysmal !
The results should certainly make interesting reading. Maybe they will answer the question as to the share price performance has been so poor.

[redike1] 06/5/2020 18:24

My gut feeling is a poor set of results coming. Lots of people will be asking for sports subscriptions back and problems paying their Bill's, businesses shut etc. Suspect significant dividend cut just because it's a good opportunity to do it. But I have not got a clue how the market will react and what may be priced in. Even though I have a lot of shares in this already I suppose I am hoping for a massive over reaction back to 70p ish. This would force me to buy and make me very happy in a few years.

[amaretto1] 06/5/2020 18:01

Looking like testing recent low

[1224saj] 06/5/2020 17:56

Monty, I normally support your views, but make your mind up, are we at 0.07 divi tomorrow or 0.05 :-)

[nicholasblake] 06/5/2020 17:55

A cut to fund pension fund is money down the drain.
Cut to fund Full Fibre would be because Ofcom relaxed rules and permitted commercial returns so future value GREATER than dividend funds not paid but retained for investment

[laptop15] 06/5/2020 17:38

I actually agree with u, a bit like the other day

[eaaxs06] 06/5/2020 16:50

A poor afternoon performance from BT, which seemed to be tracking America lower, where we don’t seem to have many fans lately. Closing auction wasn’t in our favour either, but is it ever?

That said, volumes were not very high so I’m not unduly worried, and buys even outnumbered sells 2:1, until the after hours trades.

All will be revealed tomorrow, good luck everybody, Sid.

[wapper] 06/5/2020 16:43

No predictions from me: just to say good luck to all fellow holders tomorrow.

[bo90] 06/5/2020 16:32

knowing my luck it will rise 7% as my order for 114 hasn't executed :(

[teamwork1] 06/5/2020 16:25

I think first it will drop then will recover

[laptop15] 06/5/2020 15:07

SP predictions for tomorrow??

[vas007] 06/5/2020 14:17

Please explain the point

[nicholasblake] 06/5/2020 14:13

@Nige Co, as I keep saying the WHY is critical. A cut to feed pension fund (which may be looking for more becuase of BOE suppressed Gilt Yields) would go down like a bucket of sick. Cut to upgrade capex under revised Ofcom Full Fibre regime and hang on to your hats.

[eaaxs06] 06/5/2020 13:56

Looks to be a battle going on over the 117p level with buyers/sellers equally matched.Under 117 the buyers appear, anything over brings out the sellers. It will be interesting to see who wins.

[nige co] 06/5/2020 13:48

My prediction last week was that BT will pay the H2 dividend in full 10.78p, and cut the 2020 full year dividend from 15.40p to 10.00p. I think that the market would like this outcome and re-rate the BT shares accordingly.

[nicholasblake] 06/5/2020 13:41

The BT dividend is well covered. And CV appears not to be hurting it's business badly.
Something significant has to change for a cut to be justified.

[brucie5] 06/5/2020 13:28

eaaxs06
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If a company significantly increase the divi – the price soars. If they cut or cancel a divi – the price dives. This obviously makes sense, as it shows the confidence the Board have in their company for the next year or so.
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With respect, I'm not sure that's how it works. BT has been the odd one out in refusing so far to cut it's dividend. The share price has halved in recent time. The market thinks it's unsustainable. On the whole, large companies that are highly stretched on their dividends cut payments to restore balance sheet confidence, and that often goes some way to reassure. Clearly a total suspension would not; but a partial/reasonable trim might well be perceived as good housekeeping.

I may be wrong, but bought some more today in that expectation. This is hugely oversold, in my opinion, but also carries massive pension liabilities and works in a competitive sector. BUT, it is a key infrastructure play, as we all know. FWIW I use BT for my broadband and am just too lazy to switch for a keener rate. It tend to trust them, whether rightly or wrongly. I would imagine there are many such as I. Captive market, more or less.

[eaaxs06] 06/5/2020 13:15

I think the reaction to this set of results will be quite different from the normal.

By that, I mean that one of the major factors that move the share price in the short term is the dividend.

If a company significantly increase the divi – the price soars. If they cut or cancel a divi – the price dives. This obviously makes sense, as it shows the confidence the Board have in their company for the next year or so.

I feel, this time, there will be far more importance in what Phillip Jansen has to say in his comments about the results and (more importantly) his words of guidance for future trading for the company.

[montyhedge] 06/5/2020 13:07

I expect half decent figures tomorrow, with a 50% cut in dividend. I think that would be a great result.